Liberty University's  Jerry Falwell Jr. has overseen a massive expansion of the Lynchburg, Va. campus. Fueled by online enrollment the campus has multiple capital projects in the works. Photo by Ryan T. Stone/courtesy USA Today

Jerry Falwell’s legacy: A thriving Liberty University

(RNS) Most private non-profit colleges have remained cautious with their budgets amid lingering economic uncertainty, but Liberty University is in the midst of a $400 million, four-year spending spree. Its endowment this year topped $1 billion. And its business strategy is earning praise from financial analysts.