And also as a practice that is standard those leaders should certainly show just how their financial transactions further the nonprofit’s objective for some reason.
Expected the way the property-management arrangement furthers Liberty’s objective, Falwell stated the shopping mall ended up being donated into the educational college in bad condition. “Frankly, you can find less expert home supervisors that would be thinking about running it for all of us. ”
A stone’s throw from the shopping mall is really a LaQuinta Inn whoever ownership additionally raises questions regarding whether Falwell is directing company to friends and family.
The LaQuinta is owned by Comeback Inn LLC, which can 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. ” Numerous present and previous college officials with understanding of the LaQuinta arrangement said Trey Falwell is just a quiet shareholder in Comeback Inn. (more…)