Liberty University plans to invest $5 million of its endowment in Israel \u2014 an action president Jerry Falwell Jr. said shows its support for the country in the face of a campaign asking schools to divest.<\/p>\n
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.<\/p>\n
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 \u201concology, biopharmaceuticals, and digital health, with a strong focus on cancer immunotherapy,\u201d according to a news release from the university announcing the investment committee\u2019s late-May decision.<\/p>\n