Liberty University plans to invest $5 million of its endowment in Israel — an action president Jerry Falwell Jr. said shows its support for the country in the face of a campaign asking schools to divest.
Liberty has over $1.4 billion in total cash and investments, with about $1 billion of that listed as endowment in its financial statements, Falwell said.
The Israel investment is going to a healthcare fund focused on venture capital that is run by a U.S. manager with an Israeli office. The fund includes fields such as “oncology, biopharmaceuticals, and digital health, with a strong focus on cancer immunotherapy,” according to a news release from the university announcing the investment committee’s late-May decision.
Source: http://www.richmond.com/news/virginia/article_85761270-d45b-55d3-af72-cb1e401b71eb.html