He did it for the fundie students of tomorrow.
The Rev. Jerry Falwell left a $34 million parting gift to Liberty University and Thomas Road Baptist Church when he passed away May 15.
"That means the university is completely debt-free now and beginning to work on endowment," LU Chancellor Jerry Falwell Jr. announced from the TRBC sanctuary Friday afternoon.
...His father looked at the policies as a way to ensure the future of the college, and the most recent policy was bought in September 2006, Falwell said. The insurance money will help put the rapidly-growing university on solid footing. LU expects more than 10,000 students on campus this year.
"It allows us to remain committed to what Liberty is all about," Falwell said.
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