So that as a practice that is standard those leaders should certainly show just just how their financial transactions further the nonprofit’s objective in some manner.
Asked the way the property-management arrangement furthers Liberty’s objective, Falwell stated the shopping mall had been donated to your college in bad condition. “Frankly, you will find less property that is professional that would want to consider running it for all of us. ”
A stone’s throw from the shopping mall is just a LaQuinta Inn whoever ownership additionally raises questions about whether Falwell is directing company to relatives and buddies.
The LaQuinta is owned by Comeback Inn LLC, that will be registered to Chris Doyle, whom manages estate that is real the college. In a December 2018 affidavit, Falwell Jr. Described Doyle as their “partner in … real-estate ventures in Virginia. ” Multiple present and previous college officials with understanding of the LaQuinta arrangement stated Trey Falwell is a quiet shareholder in Comeback Inn. […]