Chancellor Jerry Falwell, Jr. addressed the crowd at Liberty University Commencement, May 11, 2013.

As Chancellor Falwell addressed the crowd, he spoke of where Liberty is today, and where it is headed. He announced that Liberty's new College of Osteopathic Medicine — set to matriculate its first class in Fall 2014 — has received provisional accreditation, a necessary step in moving forward. Falwell echoed what he announced last year and what the Washington Post reported: that Liberty stands on a solid foundation of more than $1 billion in net assets, an accomplishment unprecedented for such a young institution. His father's goal, which Chancellor Falwell now carries forward, is that Liberty will achieve national prominence in academics and athletics but never sway from its Christian foundation, like so many other institutions have.