Compensation Raises Eyebrows
Liberty University’s latest IRS Form 990, covering the fiscal year ending June 2024, reveals over $18 million in executive pay. Critics note this is unusually high for a tax-exempt nonprofit, even with Liberty reporting $1.8 billion in revenue. Detractors argue that the payouts divert resources from students and donors toward excessive salaries. Supporters counter that Liberty’s financial strength allows it to compete with top institutions.
Prevo’s Payout Questioned
President emeritus and trustee Dr. Jerry Prevo earned $784,082, despite having a limited presence on campus. Watchdog group Trinity Foundation has tracked Liberty’s use of a Beechcraft Super King Air for repeated flights to Prevo’s homes in Alaska and Arizona. Investigators question whether university funds are being used to subsidize personal travel. Prevo’s defenders highlight his decades of leadership and service, arguing that his advisory role remains valuable to the university.
Falwell Compensation Surge
The Rev. Jonathan Falwell’s pay jumped nearly 400% to $822,573 after he was appointed chancellor. He continues as senior pastor of Thomas Road Baptist Church, while reporting just 30 hours weekly at Liberty. Critics view the increase as nepotism, benefiting the Falwell family’s legacy. Supporters argue his dual influence strengthens Liberty’s founding vision, keeping the Falwell tradition at the institution’s core.
Coaches Outpace the President
Athletics salaries overshadow the university’s top administrator. Current president Dondi Costin earned $556,191, while athletics director Ian McCaw received $905,748. Head football coach Jamey Chadwell topped the list at $5,877,112, with basketball coach Ritchie McKay at $1,857,202. Supporters argue such pay reflects competitive sports markets, while opponents say it reveals misplaced priorities. Critics argue that these contracts suggest Liberty prioritizes athletics over academics and faith.
Nonprofit Status Under Fire
Liberty University, with assets of $4.6 billion and an enrollment of nearly 140,000, reported $626 million in overall salaries and benefits. Executives also received housing allowances, bonuses, and travel perks. Watchdogs warn that these practices undermine trust in religious nonprofits. Meanwhile, staff salaries reported on Glassdoor remain far below six figures, deepening perceptions of inequity. The contrast between executive and employee pay highlights the widening gap within Liberty’s workforce.
Supporters’ Perspective
Defenders highlight Liberty’s financial stability and growth, saying competitive pay attracts leaders capable of managing a vast institution. They argue the university’s tax-exempt status remains justified by its mission and scale. Critics, however, question whether the compensation aligns with the principles of nonprofits. For many, the central concern remains whether Liberty prioritizes faith-based education or protects a culture of privilege at the top.
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Liberty University’s Executive Windfalls: Lavish Salaries Raise Eyebrows
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