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FAIRFIELD UNIVERSITY: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
FAIRFIELD UNIVERSITY (EIN 06-0646623)
Tax period
2023-07-01 to 2024-06-30
Filed
2025-05-15
IRS object ID
202511359349313291
Schema version
2023v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-05-15T15:08:05+00:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN135565207PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KPMG LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1345 Park AvenueAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP101540102ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN060646623EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Fairfield UniversityBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFAIRBusinessNameControlTxt
Phone2032544000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11073 NORTH BENSON ROADAddressLine1Txt
CityFAIRFIELDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06824ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARK R NEMECPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2032544000PhoneNum
Signature2025-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTOBY RUTH FRIEDMAN KERSLAKEPreparerPersonNm
PTINP01875806PTIN
Phone2127589700PhoneNum
Preparation2025-05-15PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

FieldValueIRS element (for citing)
Business Name Line1MARK R NEMEC PHDBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11073 NORTH BENSON ROADAddressLine1Txt
CityFAIRFIELDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06824ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$616,577,026GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.FAIRFIELD.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1942FormationYr
Legal Domicile StateCTLegalDomicileStateCd
Activity Or MissionFAIRFIELD'S MISSION IS TO DEVELOP THE CREATIVE INTELLECTUAL POTENTIAL OF ITS STUDENTS AND TO FOSTER IN THEM ETHICAL AND RELIGIOUS VALUES AND A SENSE OF SOCIAL RESPONSIBILITY.ActivityOrMissionDesc
Voting Members Governing Body31VotingMembersGoverningBodyCnt
Voting Members Independent30VotingMembersIndependentCnt
Total Employee3821TotalEmployeeCnt
Total Volunteers575TotalVolunteersCnt
Total Gross UBI$116,032TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$31,342NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$30,180,533PYContributionsGrantsAmt
CY Contributions Grants$46,841,328CYContributionsGrantsAmt
PY Program Service Revenue$370,160,726PYProgramServiceRevenueAmt
CY Program Service Revenue$403,023,980CYProgramServiceRevenueAmt
PY Investment Income$23,329,624PYInvestmentIncomeAmt
CY Investment Income$38,241,471CYInvestmentIncomeAmt
PY Other Revenue$857,153PYOtherRevenueAmt
CY Other Revenue$1,201,679CYOtherRevenueAmt
PY Total Revenue$424,528,036PYTotalRevenueAmt
CY Total Revenue$489,308,458CYTotalRevenueAmt
PY Grants And Similar Paid$112,544,567PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$124,334,323CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$156,882,611PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$176,199,285CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$147,139PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$218,820CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$10,961,631CYTotalFundraisingExpenseAmt
PY Other Expenses$115,172,259PYOtherExpensesAmt
CY Other Expenses$131,666,488CYOtherExpensesAmt
PY Total Expenses$384,746,576PYTotalExpensesAmt
CY Total Expenses$432,418,916CYTotalExpensesAmt
PY Revenues Less Expenses$39,781,460PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$56,889,542CYRevenuesLessExpensesAmt
Total Assets BOY$1,146,008,194TotalAssetsBOYAmt
Total Assets EOY$1,209,670,431TotalAssetsEOYAmt
Total Liabilities BOY$368,291,521TotalLiabilitiesBOYAmt
Total Liabilities EOY$358,412,879TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$777,716,673NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$851,257,552NetAssetsOrFundBalancesEOYAmt
MissionTO ESTABLISH, ORGANIZE, MAINTAIN AND CONDUCT AN INSTITUTION FOR INTERMEDIATE, SECONDARY, UNDERGRADUATE AND GRADUATE EDUCATION IN THE STATE OF CONNECTICUT, AND TO PERFORM SUCH OTHER WORKS OF EDUCATION, CHARITY AND RELIGION. A FAIRFIELD UNIVERSITY EDUCATION HAS BECOME MORE INTEGRATED IN FOCUS, MORE GLOBAL IN OUTLOOK, AND MORE INTENTIONAL IN ITS STRUCTURE THAN EVER BEFORE IN THE JESUIT TRADITION. WE ARE COMMITTED TO CREATING A STUDENT-FOCUSED, HOLISTIC, AND DIVERSE EDUCATIONAL ENVIRONMENT INTENDED TO EDUCATE THE WHOLE PERSON, MIND, BODY AND SPIRIT. WE WANT TO CULTIVATE IN BOTH OUR UNDERGRADUATE AND GRADUATE STUDENTS A SENSE OF COMMUNITY AND STRONG ETHICAL AND SPIRITUAL VALUES TO GUIDE THEM ON THEIR PATHS INTO THE FUTURE.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$299,871,484ExpenseAmt
Grant$124,334,323GrantAmt
Revenue$327,249,745RevenueAmt
DescHIGHER LEARNING: FAIRFIELD UNIVERSITY IS AN INSTITUTE OF HIGHER LEARNING WITH UNDERGRADUATE, GRADUATE, DOCTORATE AND CONTINUING EDUCATION ACADEMIC PROGRAMS INCLUDING STUDENTS RESIDING ON CAMPUS AND INCLUDES A COLLEGE PREPARATORY SCHOOL. SEE SCHEDULE O.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$51,290,626ExpenseAmt
Grant$0GrantAmt
Revenue$68,657,805RevenueAmt
DescAUXILIARY SERVICES: AUXILIARY SERVICES INCLUDE THE COSTS OF ROOM AND BOARD FOR APPROXIMATELY 3,743 FULL-TIME UNDERGRADUATE STUDENTS LIVING ON CAMPUS IN RESIDENCE HALLS, TOWNHOUSES, AND APARTMENT COMPLEXES RESIDING ON A 200 ACRE CAMPUS. GRADUATE STUDENT HOUSING IS ALSO OFFERED IN INDEPENDENT OFF-CAMPUS HOUSES, AND IN APARTMENT STYLE RESIDENCE HALLS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$5,107,870ExpenseAmt
Grant$0GrantAmt
Revenue$7,116,430RevenueAmt
DescOTHER ACTIVITIES: A VARIETY OF STUDENT SERVICES INCLUDING ARTS AND ENTERTAINMENT AT THE QUICK CENTER, STUDENT ACTIVITIES FOR CLUB SPORTS, AND OTHER ITEMS.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$356,269,980TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsYes (true)ConservationEasementsInd
Collections Of ArtYes (true)CollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (true)ReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficeYes (true)ForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsYes (true)MoreThan5000KToIndividualsInd
Professional FundraisingYes (true)ProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonYes (true)GrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionYes (true)DeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document7797IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee3821EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountYes (true)ForeignFinancialAccountInd
Foreign CountryITForeignCountryCd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtYes (true)SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members31GoverningBodyVotingMembersCnt
Independent Voting Member30IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldCTStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MICHAEL TRAFECANTEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2032544000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11073 NORTH BENSON ROADAddressLine1Txt
CityFAIRFIELDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06824ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (42 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
MARK R NEMEC PHD
PRESIDENT45.00.0Yes (X)Yes (X)$825,357$0$134,563
ANDREW J McMAHON
TRUSTEE (AS OF 7-1-2023)5.00.0Yes (X)$0$0$0
BRIAN P HULL
TRUSTEE5.00.0Yes (X)$0$0$0
CHRISTOPHER C DESMARAIS
TRUSTEE5.00.0Yes (X)$0$0$0
CHRISTOPHER C QUICK
TRUSTEE1.00.0Yes (X)$0$0$0
CLINTON A LEWIS JR
TRUSTEE1.00.0Yes (X)$0$0$0
DAGAN T KASAVANA
TRUSTEE1.00.0Yes (X)$0$0$0
DOUGLAS W HAMMOND
TRUSTEE1.00.0Yes (X)$0$0$0
ELNER L MORRELL
TRUSTEE1.00.0Yes (X)$0$0$0
GAVIN G O'CONNOR
TRUSTEE1.00.0Yes (X)$0$0$0
HUGH DAVIS
TRUSTEE1.00.0Yes (X)$0$0$0
JOHN C MEDITZ
TRUSTEE5.00.0Yes (X)$0$0$0
JORGE A CHILUISA
TRUSTEE1.00.0Yes (X)$0$0$0
KEVIN P CANNON
TRUSTEE5.00.0Yes (X)$0$0$0
LISA M FERRARO
TRUSTEE1.00.0Yes (X)$0$0$0
MARY RYAN CUNNINGHAM
TRUSTEE1.00.0Yes (X)$0$0$0
MAUREEN ERRITY BUJNO
TRUSTEE1.00.0Yes (X)$0$0$0
NANCY A ALTOBELLO
TRUSTEE5.00.0Yes (X)$0$0$0
PATRICIA E GLASSFORD
TRUSTEE5.00.0Yes (X)$0$0$0
PHILLIP J NEUGEBAUER
TRUSTEE1.00.0Yes (X)$0$0$0
REV CHRISTOPHER J DEVRON SJ
TRUSTEE (AS OF 7-1-2023)5.00.0Yes (X)$0$0$0
REV GREGORY A KALSCHEUR SJ
TRUSTEE5.00.0Yes (X)$0$0$0
REV GREGORY M GOETHALS SJ
TRUSTEE (AS OF 7-1-2023)1.00.0Yes (X)$0$0$0
REV JOHN P MULREANY SJ
TRUSTEE (AS OF 7-1-2023)1.00.0Yes (X)$0$0$0
REV MARIO M POWELL SJ
TRUSTEE1.00.0Yes (X)$0$0$0
ROBERT J MURPHY JR
TRUSTEE5.00.0Yes (X)$0$0$0
ROSELLEN WALSH SCHNURR
TRUSTEE5.00.0Yes (X)$0$0$0
SHEILA KEARNEY DAVIDSON
TRUSTEE5.00.0Yes (X)$0$0$0
SHELAGH MAHONEY-MCNAMEE
TRUSTEE1.00.0Yes (X)$0$0$0
STEPHEN M LESSING
TRUSTEE1.00.0Yes (X)$0$0$0
THOMAS J FANNING SR
TRUSTEE1.00.0Yes (X)$0$0$0
KRISTINE CARROLL
SECRETARY45.00.0Yes (X)$76,248$0$61,957
MICHAEL TRAFECANTE
VP FOR FINANCE, CFO & TREASURER45.00.0Yes (X)$363,130$0$153,914
CHRISTINE SIEGEL
PROVOST & SR VP ACADEMICS45.00.0$508,514$0$82,320Yes (X)
DAVID FRASSINELLI
VP OF FACILITIES, CAMPUS & AUXILIARY SERVICES45.00.0$289,294$0$60,970Yes (X)
JOANNE WILLIAMS
SR VP FOR FINANCE & ADMIN45.00.0$457,186$0$52,843Yes (X)
RICHARD GREENWALD
DEAN, SCHOOL OF CAS45.00.0$284,468$0$75,973Yes (X)
JOHN YOUNG
HEAD MBB COACH (end 10-16-2023)45.00.0$1,061,638$0$63,003Yes (X)
LAURIE MCCARTHY
Dean, School of Edu and Human Development (end 5-31-2023)45.00.0$459,504$0$10,599Yes (X)
PAUL SCHLICKMANN
VP OF ATHLETICS45.00.0$378,940$0$84,707Yes (X)
WALTER HALAS
VP OF ADVANCEMENT45.00.0$414,525$0$74,892Yes (X)
ZHAN LI
DEAN, SCHOOL OF BUSINESS45.00.0$462,668$0$49,897Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$5,581,472TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$905,638TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K368IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
ARAMARK SERVICES INC
200 MARKET STREETPHILADELPHIAPA19103DINING SERVICES$19,848,271
GILBANE BUILDING SERVICES
7 JACKSON WALKWAYPROVIDENCERI02903CONSTRUCTION$14,703,006
CONSIGLI CONSTRUCTION CO INC
100 ALLYN STREETHARTFORDCT06103CONSTRUCTION$13,076,141
WHITING TURNER CONTRACTING CO
195 CHURCH STREETNEW HAVENCT06510CONSTRUCTION$7,789,223
ABM INDUSTRY GROUP LLC
14141 SW FREEWAY STE 400SUGAR LANDTX77478JANITORIAL$4,793,849
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K153CntrctRcvdGreaterThan100KCnt
Fundraising$1,318,232FundraisingAmt
Government Grants$5,700,688GovernmentGrantsAmt
All Other Contributions$39,822,408AllOtherContributionsAmt
Noncash Contributions$1,544,491NoncashContributionsAmt
Total Contributions$46,841,328TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
TUITION & FEES611600$327,249,745$327,249,745
AUXILIARY SERVICES721000$68,657,805$68,657,805
OTHER PROGRAM SERVICES900099$6,653,294$6,653,294
SUMMER CONFERENCES610000$463,136$370,117$93,019

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$403,023,980TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$13,578,109TotalRevenueColumnAmt
Unrelated Business Revenue$40,076UnrelatedBusinessRevenueAmt
Exclusion$13,538,033ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$1,384,192RealAmt
Personal$216,027PersonalAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$199,167RealAmt
Personal$233,090PersonalAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$1,185,025RealAmt
Personal-$17,063PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,167,962TotalRevenueColumnAmt
Unrelated Business Revenue-$17,063UnrelatedBusinessRevenueAmt
Exclusion$1,185,025ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$150,825,419SecuritiesAmt
Other$62,123OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$125,860,071SecuritiesAmt
Other$364,109OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$24,965,348SecuritiesAmt
Other-$301,986OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$24,663,362TotalRevenueColumnAmt
Exclusion$24,663,362ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$645,848FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$1,318,232ContriRptFundraisingEventAmt
Fundraising Direct Expenses$612,131FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$33,717TotalRevenueColumnAmt
Exclusion$33,717ExclusionAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$0OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$489,308,458TotalRevenueColumnAmt
Related Or Exempt Func Income$402,930,961RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$116,032UnrelatedBusinessRevenueAmt
Exclusion$39,420,137ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$120,773,611TotalAmt
Program Services$120,773,611ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$3,560,712TotalAmt
Program Services$3,560,712ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$3,934,133TotalAmt
Program Services$1,675,716ProgramServicesAmt
Management And General$1,877,649ManagementAndGeneralAmt
Fundraising$380,768FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$126,306,179TotalAmt
Program Services$99,119,513ProgramServicesAmt
Management And General$21,316,512ManagementAndGeneralAmt
Fundraising$5,870,154FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$8,089,879TotalAmt
Program Services$6,348,580ProgramServicesAmt
Management And General$1,365,317ManagementAndGeneralAmt
Fundraising$375,982FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$29,232,398TotalAmt
Program Services$22,940,296ProgramServicesAmt
Management And General$4,933,510ManagementAndGeneralAmt
Fundraising$1,358,592FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$8,636,696TotalAmt
Program Services$6,556,917ProgramServicesAmt
Management And General$1,630,713ManagementAndGeneralAmt
Fundraising$449,066FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,067,358TotalAmt
Program Services$68,536ProgramServicesAmt
Management And General$998,822ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$209,061TotalAmt
Management And General$209,061ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$218,820TotalAmt
Fundraising$218,820FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$228,085TotalAmt
Management And General$228,085ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$28,773,597TotalAmt
Program Services$24,020,420ProgramServicesAmt
Management And General$3,760,423ManagementAndGeneralAmt
Fundraising$992,754FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$3,085,088TotalAmt
Program Services$2,811,859ProgramServicesAmt
Management And General$232,799ManagementAndGeneralAmt
Fundraising$40,430FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$7,051,332TotalAmt
Program Services$4,924,992ProgramServicesAmt
Management And General$1,713,128ManagementAndGeneralAmt
Fundraising$413,212FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$8,061,407TotalAmt
Program Services$2,229,903ProgramServicesAmt
Management And General$5,544,334ManagementAndGeneralAmt
Fundraising$287,170FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$12,095,868TotalAmt
Program Services$12,095,868ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$5,852,309TotalAmt
Program Services$4,963,351ProgramServicesAmt
Management And General$674,889ManagementAndGeneralAmt
Fundraising$214,069FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$436,623TotalAmt
Program Services$341,806ProgramServicesAmt
Management And General$79,475ManagementAndGeneralAmt
Fundraising$15,342FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$10,367,035TotalAmt
Program Services$8,898,407ProgramServicesAmt
Management And General$1,448,442ManagementAndGeneralAmt
Fundraising$20,186FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$29,455,422TotalAmt
Program Services$21,295,790ProgramServicesAmt
Management And General$8,007,213ManagementAndGeneralAmt
Fundraising$152,419FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,567,094TotalAmt
Program Services$374,058ProgramServicesAmt
Management And General$2,193,036ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
MAINTENANCE & EQUIPMENT$7,392,416$3,294,346$4,035,171$62,899
STUDY ABROAD$5,767,877$5,767,877
CONSULTANTS & HONORARIA$2,271,734$1,357,874$831,648$82,212
LIBRARY ACQUISITIONS$1,144,811$1,107,281$9,974$27,556

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$5,839,371TotalAmt
Program Services$1,742,267ProgramServicesAmt
Management And General$4,097,104ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$432,418,916TotalAmt
Program Services$356,269,980ProgramServicesAmt
Management And General$65,187,305ManagementAndGeneralAmt
Fundraising$10,961,631FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$699BOYAmt
EOY$699EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$66,519,601BOYAmt
EOY$59,079,581EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$31,314,689BOYAmt
EOY$45,060,673EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,213,281BOYAmt
EOY$1,523,741EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$937,512,148LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$352,853,281LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$551,597,874BOYAmt
EOY$584,658,867EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$358,571,142BOYAmt
EOY$387,948,411EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$94,526,291BOYAmt
EOY$107,410,619EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$484,982BOYAmt
EOY$295,394EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$41,779,635BOYAmt
EOY$23,692,446EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,146,008,194BOYAmt
EOY$1,209,670,431EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$50,136,961BOYAmt
EOY$47,154,175EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$216,637BOYAmt
EOY$368,267EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$16,206,331BOYAmt
EOY$17,235,906EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$287,665,627BOYAmt
EOY$278,043,471EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$14,065,965BOYAmt
EOY$15,611,060EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$368,291,521BOYAmt
EOY$358,412,879EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$447,954,021BOYAmt
EOY$481,116,679EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$329,762,652BOYAmt
EOY$370,140,873EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$777,716,673BOYAmt
EOY$851,257,552EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,146,008,194BOYAmt
EOY$1,209,670,431EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$56,889,542ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$16,792,693NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$141,356OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$42,763,677CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$25,478,475CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$52,721,702CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$30,180,533CurrentTaxYearMinus1YearAmt
Current Tax Year$46,841,328CurrentTaxYearAmt
Total$197,985,715TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$42,763,677CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$25,478,475CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$52,721,702CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$30,180,533CurrentTaxYearMinus1YearAmt
Current Tax Year$46,841,328CurrentTaxYearAmt
Total$197,985,715TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$23,943,387SubstantialContributorsTotAmt
Public Support Total170$174,042,329PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$14,130,651CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$8,353,986CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,494,202CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$15,251,545CurrentTaxYearMinus1YearAmt
Current Tax Year$14,922,225CurrentTaxYearAmt
Total$59,152,609TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$50,424CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$453,170CurrentTaxYearMinus1YearAmt
Current Tax Year$31,342CurrentTaxYearAmt
Total$534,936TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$36,496CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$46,927CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$409,189CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$544,855CurrentTaxYearMinus1YearAmt
Current Tax Year$645,848CurrentTaxYearAmt
Total$1,683,315TotalAmt
FieldValueIRS element (for citing)
Total Support$259,356,575TotalSupportAmt
Gross Receipts Rltd Activities$1,711,032,549GrossReceiptsRltdActivitiesAmt
Public Support CY1700.6711PublicSupportCY170Pct
Public Support PY1700.7009PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule A, Part II, Line 10 Other IncomeFormAndLineReferenceDesc
ExplanationDESCRIPTION - GROSS INCOME FROM FUNDRAISING EVENTS, COLUMN A - 36496.0, COLUMN B - 46927.0, COLUMN C - 409189.0, COLUMN D - 544855.0, COLUMN E - 645848.0, COLUMN F - 1683315.0;ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
VolunteersfalseVolunteersInd
Paid Staff Or ManagementfalsePaidStaffOrManagementInd
Media AdvertisementsfalseMediaAdvertisementsInd
Mailings MembersfalseMailingsMembersInd
Publications Or BroadcastfalsePublicationsOrBroadcastInd
Grants Other OrganizationsfalseGrantsOtherOrganizationsInd
Direct Contact LegislatorsfalseDirectContactLegislatorsInd
Rallies DemonstrationsfalseRalliesDemonstrationsInd
Other ActivitiesYes (true)OtherActivitiesInd
Other Activities$31OtherActivitiesAmt
Total Lobbying Expenditures$31TotalLobbyingExpendituresAmt
Not Described Section501c3falseNotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITYFormAndLineReferenceDesc
ExplanationFAIRFIELD UNIVERSITY INDIRECTLY INCURS LOBBYING EXPENSE THROUGH DUES PAID TO OTHER ORGANIZATIONS.ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Protection Natural HabitatYes (X)ProtectionNaturalHabitatInd
Total Easements9TotalEasementsCnt
Total Acreage30.0TotalAcreageCnt
Historic Strctr Easements Aftr0HistoricStrctrEasementsAftrCnt
Modified Easements0ModifiedEasementsCnt
States Easements Held1StatesEasementsHeldCnt
Written Policy MonitoringYes (true)WrittenPolicyMonitoringInd
Staff Hours Spent Enforcement65.0StaffHoursSpentEnforcementCnt
Expenses Incurred Enforcement$42,500ExpensesIncurredEnforcementAmt
Section170h Rqr StsfdfalseSection170hRqrStsfdInd
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Coll Used Loan Or Exch ProgYes (X)CollUsedLoanOrExchProgInd
Solicited Assets SalefalseSolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$433,609,129BeginningYearBalanceAmt
Contributions$6,249,042ContributionsAmt
Investment Earnings Or Losses$50,311,401InvestmentEarningsOrLossesAmt
Grants Or Scholarships$5,368,987GrantsOrScholarshipsAmt
Other Expenditures$12,905,430OtherExpendituresAmt
Administrative Expenses$204,795AdministrativeExpensesAmt
End Year Balance$471,690,360EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$407,344,987BeginningYearBalanceAmt
Contributions$8,359,383ContributionsAmt
Investment Earnings Or Losses$34,214,939InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,989,938GrantsOrScholarshipsAmt
Other Expenditures$11,207,352OtherExpendituresAmt
Administrative Expenses$112,890AdministrativeExpensesAmt
End Year Balance$433,609,129EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$464,604,164BeginningYearBalanceAmt
Contributions$6,900,055ContributionsAmt
Investment Earnings Or Losses-$51,712,704InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,392,904GrantsOrScholarshipsAmt
Other Expenditures$7,940,015OtherExpendituresAmt
Administrative Expenses$113,609AdministrativeExpensesAmt
End Year Balance$407,344,987EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$357,051,925BeginningYearBalanceAmt
Contributions$5,229,014ContributionsAmt
Investment Earnings Or Losses$118,628,213InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,158,615GrantsOrScholarshipsAmt
Other Expenditures$11,999,924OtherExpendituresAmt
Administrative Expenses$146,449AdministrativeExpensesAmt
End Year Balance$464,604,164EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$382,450,518BeginningYearBalanceAmt
Contributions$1,402,417ContributionsAmt
Investment Earnings Or Losses-$15,169,929InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,530,960GrantsOrScholarshipsAmt
Other Expenditures$6,958,998OtherExpendituresAmt
Administrative Expenses$141,123AdministrativeExpensesAmt
End Year Balance$357,051,925EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.3689BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.6311PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.0TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$10,950,253OtherCostOrOtherBasisAmt
Book Value$10,950,253BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$758,293,906OtherCostOrOtherBasisAmt
Depreciation$255,993,753DepreciationAmt
Book Value$502,300,153BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$15,885,478OtherCostOrOtherBasisAmt
Depreciation$1,135,371DepreciationAmt
Book Value$14,750,107BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$104,369,352OtherCostOrOtherBasisAmt
Depreciation$85,441,350DepreciationAmt
Book Value$18,928,002BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$48,013,159OtherCostOrOtherBasisAmt
Depreciation$10,282,807DepreciationAmt
Book Value$37,730,352BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$584,658,867TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (3 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
Investments - other securities
PRIVATE EQUITY AND OTHER$63,573,376F
HEDGE FUNDS OF FUNDS$43,837,243F
FieldValueIRS element (for citing)
Total Book Value Securities$107,410,619TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
Other liabilities
CAPITAL LEASES$837,941
Right of use operating lease liability$14,773,119
FieldValueIRS element (for citing)
Total Liability$15,611,060TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$382,441,775TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$16,792,693NetUnrealizedGainsInvstAmt
Other Revenue-$124,475,679OtherRevenueAmt
Revenue Not Reported-$107,682,986RevenueNotReportedAmt
Revenue Subtotal$490,124,761RevenueSubtotalAmt
Investment Expenses Not Incld$228,085InvestmentExpensesNotIncldAmt
Other Revenues Not Included-$1,044,388OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt-$816,303RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$489,308,458TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$308,900,896TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$1,044,388OtherExpensesIncludedAmt
Expenses Not Reported$1,044,388ExpensesNotReportedAmt
Expenses Subtotal$307,856,508ExpensesSubtotalAmt
Investment Expenses Not Incld2$228,085InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$124,334,323OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$124,562,408ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$432,418,916TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule D, Part III, Line 1a Collections of art - financial statement footnoteTHE ART COLLECTIONS ARE DONATED TO THE UNIVERSITY AND NOT RECOGNIZED IN THE ASSETS OF THE BALANCE SHEET. THE AUDITED FINANCIAL STATEMENTS DO NOT HAVE A FOOTNOTE REGARDING THE COLLECTIONS.
Schedule D, Part III, Line 4 Collections of art - description of collectionsTHE ART COLLECTIONS ARE AN IMPORTANT CULTURAL RESOURCE OF THE UNIVERSITY, PROVIDING ARTS AND ACADEMIC ENRICHMENT TO THE STUDENTS, FACULTY, LOCAL COMMUNITY, AND INTERNATIONAL SCHOLARLY COMMUNITY. THE COLLECTIONS ARE HOUSED AT THE FAIRFIELD UNIVERSITY ART MUSEUM'S THOMAS J WALSH ART GALLERY, THE BELLARMINE HALL GALLERIES AND AT VARIOUS LOCATIONS ON CAMPUS. THE COLLECTIONS AREA OF THE MUSEUM'S WEBSITE PROVIDES DIGITAL ACCESS TO THESE WORKS OF ART, AND PROVIDES ART HISTORICAL AND TECHNICAL INFORMATION ABOUT THESE OBJECTS. THE FAIRFIELD UNIVERSITY ART MUSEUM IS DEDICATED TO PRESERVING, STUDYING, AND EXHIBITING THOSE OBJECTS ENTRUSTED TO ITS CARE, WHILE NEVER LOSING SIGHT OF ITS OBLIGATION TO EDUCATE AND INSPIRE ITS MANY AUDIENCES, FOR THE GREATER ENRICHMENT OF ALL. THE MUSEUM IS OPEN TO THE PUBLIC AND FREE OF CHARGE.
Schedule D, Part V, Line 4 Intended uses of endowment fundsTHE UNIVERSITY'S ENDOWMENT IS AN AGGREGATION OF GIFTS PROVIDED BY DONORS WITH THE REQUIREMENT THE GIFTS BE HELD IN PERPETUITY TO GENERATE EARNINGS NOW AND IN FUTURE YEARS TO SUPPORT THE UNIVERSITY'S PROGRAMS OF INSTRUCTION, RESEARCH AND PUBLIC SERVICE AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT. EARNINGS FROM ENDOWMENT INVESTMENTS SUPPORT SCHOLARSHIPS, CHAIRS, PROFESSORSHIPS, FELLOWSHIPS, BASIC RESEARCH, AS WELL AS ACADEMIC AND PUBLIC SERVICE PROGRAMS. THE ENDOWMENT SHOULD PROVIDE STABILITY SINCE THE PRINCIPAL IS INVESTED AND EARNINGS ARE GENERATED YEAR AFTER YEAR. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS.
Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnoteTHE UNIVERSITY IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS GENERALLY EXEMPT FROM INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE UNIVERSITY RECOGNIZES THE EFFECTS OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. THE UNIVERSITY EVALUATES, ON AN ANNUAL BASIS, THE EFFECTS OF ANY UNCERTAIN TAX POSITIONS ON ITS FINANCIAL STATEMENTS. AS OF JUNE 30, 2024 AND 2023, THE UNIVERSITY HAS NOT IDENTIFIED OR PROVIDED FOR ANY SUCH POSITIONS.
Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990Financial Aid - -XXX-XX-XXXX Change in Value of Split-Interest Agreements - -141356
Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statementsRENTAL EXPENSE - -432257 FUNDRAISING EXPENSE - -612131
Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990RENTAL EXPENSE - 432257 FUNDRAISING EXPENSE - 612131
Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statementsFINANCIAL AID - XXX-XX-XXXX

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediafalsePlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550falseComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICYSEE SUPPLEMENTAL SECTION FOR NARRATIVE
Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTFAIRFIELD UNIVERSITY RECEIVES GRANTS, AWARDS AND FINANCIAL ASSISTANCE FOR ITS STUDENTS FROM VARIOUS GOVERNMENTAL AGENCIES. THE UNIVERSITY HAS ALWAYS BEEN IN GOOD STANDING AND THE RIGHT TO RECEIVE SUCH AID HAS NEVER BEEN REVOKED OR SUSPENDED.
Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICYTHE UNIVERSITY'S NON-DISCRIMINATORY POLICY IS ACCESSIBLE VIA LINK ON THE UNIVERSITY'S HOMEPAGE. FAIRFIELD UNIVERSITY ADMITS STUDENTS OF ANY SEX, RACE, COLOR, MARITAL STATUS, SEXUAL ORIENTATION, RELIGION, AGE, NATIONAL ORIGIN OR ANCESTRY, DISABILITY OR HANDICAP TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS OF THE UNIVERSITY. IT DOES NOT DISCRIMINATE ON THE BASIS OF SEX, RACE, COLOR, MARITAL STATUS, SEXUAL ORIENTATION, GENDER IDENTITY, VETERAN'S STATUS, POLITICAL IDEOLOGY, RELIGION, AGE, NATIONAL ORIGIN OR ANCESTRY, DISABILITY OR HANDICAP IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS POLICIES, EMPLOYMENT POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, ATHLETIC PROGRAMS, OR OTHER UNIVERSITY-ADMINISTERED PROGRAMS. THIS INFORMATION IS OUTLINED ON FAIRFIELD UNIVERSITY'S PUBLIC WEBSITE.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (11 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
Europe (Including Iceland and Greenland)15Program ServicesStudy Abroad Program$5,946,990
East Asia and the Pacific00Program ServicesStudy Abroad Program$85,768
East Asia and the Pacific00Grantmaking$274,592
Europe (Including Iceland and Greenland)00Grantmaking$1,872,211
Middle East and North Africa00Grantmaking$27,000
North America (Canada & Mexico only)00Grantmaking$535,628
South America00Grantmaking$122,355
South Asia00Grantmaking$577,284
Sub-Saharan Africa00Grantmaking$151,642
Central America and the Caribbean00Investments$61,374,182
Europe (Including Iceland and Greenland)00Investments$15,106,382
FieldValueIRS element (for citing)
Subtotal Offices1SubtotalOfficesCnt
Subtotal Employees5SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office1TotalOfficeCnt
Total Employee5TotalEmployeeCnt
Subtotal Spent$86,074,034SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$86,074,034TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (7 entries)

Type Of AssistanceTypeOfAssistanceTxtRegionRegionTxtRecipientRecipientCntCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxt
ScholarshipEast Asia and the Pacific14$274,592Financial Aid Applied to Student Account
ScholarshipEurope (Including Iceland and Greenland)34$1,872,211Financial Aid Applied to Student Account
ScholarshipMiddle East and North Africa2$27,000Financial Aid Applied to Student Account
ScholarshipNorth America (Canada & Mexico only)11$535,628Financial Aid Applied to Student Account
ScholarshipSouth America3$122,355Financial Aid Applied to Student Account
ScholarshipSouth Asia11$577,284Financial Aid Applied to Student Account
ScholarshipSub-Saharan Africa4$151,642Financial Aid Applied to Student Account
FieldValueIRS element (for citing)
Transfer To Foreign CorpYes (true)TransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipYes (true)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (true)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (true)ForeignPartnershipInd
Boycott CountriesYes (true)BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule F, Part I, Line 2 Procedures for monitoring use of grant fundsTHE UNIVERSITY HAS IN PLACE INTERNAL CONTROLS TO ENSURE AMOUNTS ARE AWARDED TO STUDENTS WHO CONTINUE TO MEET & MAINTAIN ELIGIBILITY REQUIREMENTS. THESE INTERNAL CONTROLS ARE ADMINISTRATED BY THE UNIVERSITY'S FINANCIAL AID OFFICE. GRANTMAKING THE UNIVERSITY OFFERS FINANCIAL ASSISTANCE IN THE FORM OF LOANS, GRANTS, EMPLOYMENT (WORK STUDY) AND SCHOLARSHIPS. THE AWARDS ARE AWARDED TO STUDENTS MEETING CERTAIN ELIGIBILITY REQUIREMENTS. THE PROGRAMS ARE ADMINISTERED BY THE FINANCIAL AID OFFICE.
Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statementsCENTRAL AMERICA AND THE CARIBBEAN-Other:Fair Market Value; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual,Other:Fair Market Value; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual
Schedule F, Part III Method used to account for expenditures on org's financial statementsEAST ASIA AND THE PACIFIC -Accrual EUROPE (INCLUDING ICELAND AND GREENLAND) -Accrual MIDDLE EAST AND NORTH AFRICA -Accrual NORTH AMERICA (CANADA & MEXICO ONLY) -Accrual SOUTH AMERICA -Accrual SOUTH ASIA -Accrual SUB-SAHARAN AFRICA -Accrual

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsYes (X)MailSolicitationsInd
Email SolicitationsYes (X)EmailSolicitationsInd
Phone SolicitationsYes (X)PhoneSolicitationsInd
In Person SolicitationsYes (X)InPersonSolicitationsInd
Solicitation Of Non Govt GrantsYes (X)SolicitationOfNonGovtGrantsInd
Special Fundraising EventsYes (X)SpecialFundraisingEventsInd
Agrmt Prof Fundraising ActyYes (true)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdActivityActivityTxtFundraiser Control Of FundsFundraiserControlOfFundsIndGross ReceiptsGrossReceiptsAmtRetained By ContractorRetainedByContractorAmtNet To OrganizationNetToOrganizationAmt
GiveCampus Inc
903 G St SEWashingtonDC20003External Websitefalse$2,623,961$76,966$2,546,995
Greater Giving Inc
2035 NW Front Avenue Suite 205PortlandOR97209External Websitefalse$229,520$9,739$219,781
Community Counselling LLC
527 Madison Avenue 5th FloorNew YorkNY10022Campaign Consultingfalse$0$96,000-$96,000
TOSKR Inc
2672 BAYSHORE PARKWAYMOUNTAIN VIEWCA94043External Communicationsfalse$0$7,615-$7,615
EverTrue
33 Arch St 17th FloorBostonMA02110Donor Experiencefalse$243,727$28,500$215,227
FieldValueIRS element (for citing)
Total Gross Receipts$3,097,208TotalGrossReceiptsAmt
Total Retained By Contractors$218,820TotalRetainedByContractorsAmt
Total Net To Organization$2,878,388TotalNetToOrganizationAmt
Licensed StatesCTLicensedStatesCd
Licensed StatesFLLicensedStatesCd
Licensed StatesNJLicensedStatesCd
Licensed StatesNYLicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1Alumni Award DinnerEvent1Nm
Gross Receipts Event1$1,419,000GrossReceiptsEvent1Amt
Charitable Contri Event1$995,300CharitableContriEvent1Amt
Gross Revenue Event1$423,700GrossRevenueEvent1Amt
Rent Facility Costs Event1$78,959RentFacilityCostsEvent1Amt
Food And Beverage Event1$296,306FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$48,435OtherDirectExpensesEvent1Amt
Event2Prep AuctionEvent2Nm
Gross Receipts Event2$283,796GrossReceiptsEvent2Amt
Charitable Contri Event2$176,771CharitableContriEvent2Amt
Gross Revenue Event2$107,025GrossRevenueEvent2Amt
Rent Facility Costs Event2$25,638RentFacilityCostsEvent2Amt
Food And Beverage Event2$19,538FoodAndBeverageEvent2Amt
Other Direct Expenses Event2$18,115OtherDirectExpensesEvent2Amt
Other Events Total5OtherEventsTotalCnt
Gross Receipts Other Events$261,284GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$146,161CharitableContriOtherEventsAmt
Gross Revenue Other Events$115,123GrossRevenueOtherEventsAmt
Rent Fclty Costs Other Events$72,169RentFcltyCostsOtherEventsAmt
Food And Beverage Other Events$24,057FoodAndBeverageOtherEventsAmt
Oth Direct Expnss Other Events$28,914OthDirectExpnssOtherEventsAmt
Gross Receipts Total$1,964,080GrossReceiptsTotalAmt
Charitable Contributions Tot$1,318,232CharitableContributionsTotAmt
Gross Revenue Total Events$645,848GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$176,766RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$339,901FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$95,464OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$612,131DirectExpenseSummaryEventsAmt
Net Income Summary$33,717NetIncomeSummaryAmt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule G, Part I PROFESSIONAL FUNDRAISING SERVICESGREATER GIVING AND GIVECAMPUS: PROVIDE AN ON-LINE PLATFORM USED AS PART OF THE UNIVERSITY'S ANNUAL FUNDRAISING ACTIVITIES. COMMUNITY COUNSELING SERVICES, A STRATEGIC FUNDRAISING FIRM, PROVIDED ON-SITE TRAININGS TO FAIRFIELD UNIVERSITY IN-HOUSE PERSONNEL ON FUNDRAISING STRATEGIES, PLANNING, MANAGING, AS WELL AS IMPLEMENTING PROGRAMS THAT ACHIEVE FUNDRAISING GOALS. THE UNIVERSITY IS UNABLE TO DETERMINE THE GROSS RECEIPTS FROM THESE ACTIVITIES. TOSKR: A TEXT MESSAGING SERVICE USED IN FUNDRAISING. THE UNIVERSITY IS UNABLE TO DETERMINE THE GROSS RECEIPTS FROM THESE ACTIVITIES. Evertrue: a software platform that provides two primary services. First, to provide career data updates for our alumni through data mining. Second, it operates a frontline portfolio tool, helping to increase efficiency in individual donor outreach to our intermediate giving donors.
Schedule G, Part I, Line 3 STATES REGISTEREDTHE UNIVERSITY IS REGISTERED IN CT, NY, NJ AND FL FOR THE SOLICITATION OF CONTRIBUTIONS THROUGH CHARITABLE GIFT ANNUITIES.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (5 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
INSTITUTIONAL SCHOLARSHIPS6673$102,221,774
ATHLETIC SCHOLARSHIPS270$7,117,704
STATE AND FEDERAL GRANTS294$1,497,122
PREP SCHOOL FINANCIAL AID359$4,185,087
OTHER FINANCIAL AID609$5,751,924

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule I, Part I, Line 2 Procedures for monitoring use of grant funds.FormAndLineReferenceDesc
ExplanationTHE UNIVERSITY OFFERS FINANCIAL ASSISTANCE IN THE FORM OF LOANS, GRANTS, EMPLOYMENT (WORK STUDY) AND SCHOLARSHIPS. THE AWARDS ARE AWARDED TO STUDENTS MEETING CERTAIN ELIGIBILITY REQUIREMENTS. THE PROGRAMS ARE ADMINISTERED BY THE FINANCIAL AID OFFICE WHICH HAS VARIOUS INTERNAL CONTROLS IN PLACE TO MONITOR THE AMOUNT OFFERED TO STUDENTS. AN ANNUAL UNIFORM GUIDANCE AUDIT IS CONDUCTED FOR THE FINANCIAL AID PROGRAMS AND THE FISAP REPORT IS PREPARED ANNUALLY FOR THE DEPARTMENT OF EDUCATION. AMOUNTS OF AID AWARDED ARE CREDITED TO STUDENT ACCOUNTS AND NOT SENT DIRECTLY TO THE STUDENT.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (true)SeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (true)AnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MARK R NEMEC PHD
PRESIDENT$606,447$0$210,000$0$8,910$0$29,700$0$104,863$0$959,920$0$0$0
MICHAEL TRAFECANTE
VP FOR FINANCE, CFO & TREASURER$295,630$0$67,500$0$0$0$26,197$0$127,717$0$517,044$0$0$0
CHRISTINE SIEGEL
PROVOST & SR VP ACADEMICS$387,327$0$121,187$0$0$0$29,700$0$52,620$0$590,834$0$0$0
JOANNE WILLIAMS
SR VP FOR FINANCE & ADMIN$364,823$0$72,000$0$20,363$0$29,700$0$23,143$0$510,029$0$0$0
RICHARD GREENWALD
DEAN, SCHOOL OF CAS$246,668$0$37,800$0$0$0$22,935$0$53,038$0$360,441$0$0$0
DAVID FRASSINELLI
VP OF FACILITIES, CAMPUS & AUXILIARY SERVICES$235,501$0$53,793$0$0$0$21,744$0$39,226$0$350,264$0$0$0
JOHN YOUNG
HEAD MBB COACH (end 10-16-2023)$419,868$0$0$0$641,770$0$29,700$0$33,303$0$1,124,641$0$0$0
ZHAN LI
DEAN, SCHOOL OF BUSINESS$367,388$0$82,349$0$12,931$0$29,700$0$20,197$0$512,565$0$0$0
WALTER HALAS
VP OF ADVANCEMENT$333,449$0$75,026$0$6,050$0$29,700$0$45,192$0$489,417$0$0$0
LAURIE MCCARTHY
Dean, School of Edu and Human Development (end 5-31-2023)$114,440$0$0$0$345,064$0$7,782$0$2,817$0$470,103$0$0$0
PAUL SCHLICKMANN
VP OF ATHLETICS$307,531$0$67,725$0$3,684$0$28,704$0$56,003$0$463,647$0$0$0

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule J, Part I, Line 1a Housing allowance or residence for personal useTHE PRESIDENT RESIDES IN A HOUSE THAT WAS DONATED TO THE UNIVERSITY SPECIFICALLY FOR THE PRESIDENT'S USE. THE HOUSE IS USED FOR UNIVERSITY EVENTS. THE PRESIDENT LIVES IN THE HOUSE FOR THE CONVENIENCE OF THE UNIVERSITY. ALL AMOUNTS ARE INCLUDED IN NON-TAXABLE BENEFITS IN COLUMN D OF SCHEDULE J, PART II, COLUMN (D). THE UNIVERSITY PROVIDES AN APARTMENT FOR USE BY THE DEAN OF THE SCHOOL OF BUSINESS AND SENIOR VP OF FINANCE & ADMINISTRATION. ALL AMOUNTS ARE INCLUDED IN TAXABLE INCOME.
Schedule J, Part I, Line 1a Health or social club dues or initiation feesTHE PRESIDENT RECEIVED MEMBERSHIP TO A CLUB FOR THE PURPOSE OF ENTERTAINING POTENTIAL DONORS. ALL AMOUNTS ARE INCLUDED IN TAXABLE INCOME.
Schedule J, Part I, Line 4a Severance or change-of-control paymentJOHN YOUNG RECEIVED A SEVERANCE PAYMENT OF $638,932. LAURIE MCCARTHY RECEIVED A SEVERANCE PAYMENT OF $345,064.
Schedule J, Part I, Line 7 Non-fixed paymentsVARIOUS MEMBERS OF MANAGEMENT WERE AWARDED A PERFORMANCE BONUS BASED ON SUCCESSFUL ATTAINMENT OF PERFORMANCE BASED OBJECTIVES.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
CHEFA 2016 SERIES Q-1
A06080618620774YYR22016-02-25$53,583,942CONSTRUCTION OF VARIOUS CAMPUS FACILITIESfalsefalsefalse
CHEFA 2016 SERIES Q-2
B06080618620774YZH32016-03-30$20,006,907PARTIALLY ADVANCE REFUND CHEFA SERIES 2008falsefalsefalse
CHEFA 2017 SERIES R
C06080618620774Y3B12017-12-20$121,950,419REFUND CHEFA SERIES O; CONSTRUCTIONfalsefalsefalse
CHEFA 2018 SERIES S
D06080618620774Y3Y12018-04-04$75,309,545REFUND CHEFA SERIES M & N; CONSTRUCTIONfalsefalsefalse

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtTotal ProceedsTotalProceedsAmtIn Reserve FundInReserveFundAmtCapitalized InterestCapitalizedInterestAmtRefunding EscrowRefundingEscrowAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCredit EnhancementCreditEnhancementAmtWorking Capital ExpendituresWorkingCapitalExpendituresAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtUnspentUnspentAmtSubstantial CompletionSubstantialCompletionYrRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintIndBond DefeasedBondDefeasedAmt
A$0$53,583,942$0$3,138,393$0$525,083$0$0$49,920,466$0$02018falsefalseYes (true)Yes (true)
B$6,260,000$20,006,907$0$0$0$291,476$0$0$0$19,715,431$02016falseYes (true)Yes (true)Yes (true)
C$121,950,419$0$0$0$808,952$0$0$40,000,000$81,141,467$02019falseYes (true)Yes (true)Yes (true)
D$27,960,000$75,309,545$0$0$0$554,389$0$0$0$74,755,156$02018Yes (true)falseYes (true)Yes (true)$0

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndEngage Bond Counsel ContractsEngageBondCounselContractsIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctPrivate Bus Concerning UBIPrivateBusConcerningUBIPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdIndEngage Bond Counsel ResearchEngageBondCounselResearchInd
AfalsefalseYes (true)Yes (true)false0.00.00.0falsefalseYes (true)
BfalsefalseYes (true)Yes (true)Yes (true)0.00080.00.0008falsefalseYes (true)Yes (true)
CfalsefalseYes (true)Yes (true)false0.00.00.0falsefalseYes (true)
DfalsefalseYes (true)Yes (true)false0.00.00.0falsefalseYes (true)Yes (true)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
AfalsefalsefalseYes (true)falsefalsefalsefalseYes (true)
BfalsefalsefalseYes (true)falsefalsefalsefalseYes (true)
CfalsefalsefalseYes (true)falsefalsefalsefalseYes (true)
DfalsefalsefalseYes (true)falsefalsefalsefalseYes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (true)
BYes (true)
CYes (true)
DYes (true)

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule K, Part II, Line 11 OTHER SPENT PROCEEDSCHEFA 2016 SERIES Q-2 BOND: THE OTHER SPENT PROCEEDS WERE USED TO ADVANCE REFUND A PORTION OF THE SERIES M BOND ISSUE. CHEFA 2017 SERIES R BOND: THE OTHER PROCEEDS WERE USED TO REFUND SERIES O. THE REMAINING $40 MILLION WAS USED FOR THE CONSTRUCTION OF NEW JR/SR TOWNHOUSES AND RENOVATIONS OF OTHER CAMPUS FACILITIES. CHEFA 2018 SERIES S BOND: THE OTHER SPEND PROCEEDS WERE USED TO CURRENTLY REFUND THE 2008 SERIES M AND SERIES N BOND ISSUES. CHEFA 2020 SERIES T BOND: THE OTHER SPENT PROCEEDS WERE USED TO REFUND THE 2010 SERIES P BOND SERIES.
Schedule K, Part III, Line 3a MANAGEMENT AND SERVICE CONTRACTSALL MANAGEMENT AND SERVICE CONTRACTS IN BOND FINANCED SPACE HAVE BEEN PREVIOUSLY REVIEWED BY BOND COUNSEL. THEY WERE DETERMINED TO FALL UNDER THE SAFE HARBOR PROVIDED BY REVENUE PROCEDURE 2007-17 AND WILL NOT RESULT IN PRIVATE BUSINESS USE.
Schedule K, Part III, Line 3c RESEARCH AGREEMENTSRESEARCH AGREEMENTS RELATING TO THE BOND ISSUE Q2 HAVE BEEN REVIEWED BY BOND COUNSEL TO ENSURE THEY ARE COMPLIANT WITH THE APPLICABLE SAFE HARBORS. THE RESEARCH AGREEMENTS DID NOT RESULT IN ANY PRIVATE BUSINESS USE.
Schedule K, Part IV, Line 2c REBATE CALCULATIONSTHE DATE OF MOST RECENT REBATE CALCULATION FOR THE CHEFA 2016 SERIES Q-1 WAS FEBRUARY 25, 2021. THE DATE OF THE MOST RECENT REBATE CALCULATION FOR THE CHEFA 2016 Q-2 WAS MARCH 30, 2021. THE DATE OF THE MOST RECENT REBATE CALCULATION FOR THE CHEFA 2017 SERIES R BOND WAS DECEMBER 20, 2022. THE DATE OF THE MOST RECENT REBATE CALCULATION FOR THE CHEFA 2018 SERIES S BOND WAS APRIL 4, 2023.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
CHEFA 2020 SERIES T
A06080618620775DHW52020-09-10$28,063,429REFUND CHEFA SERIES P; CONSTRUCTIONfalsefalsefalse
CHEFA 2022 SERIES U
B06080618620775DST02022-03-17$30,469,568CONSTRUCTIONfalsefalsefalse

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtTotal ProceedsTotalProceedsAmtIn Reserve FundInReserveFundAmtCapitalized InterestCapitalizedInterestAmtRefunding EscrowRefundingEscrowAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCredit EnhancementCreditEnhancementAmtWorking Capital ExpendituresWorkingCapitalExpendituresAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtUnspentUnspentAmtSubstantial CompletionSubstantialCompletionYrRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintInd
A$2,760,000$28,063,429$0$0$0$489,189$0$0$16,068,221$11,506,019$02024Yes (true)falsefalseYes (true)
B$0$30,469,568$0$0$0$469,568$0$0$30,000,000$0$02024falsefalsefalseYes (true)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndEngage Bond Counsel ContractsEngageBondCounselContractsIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctPrivate Bus Concerning UBIPrivateBusConcerningUBIPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
AfalsefalseYes (true)Yes (true)false0.00.00.0falsefalseYes (true)
BfalsefalseYes (true)Yes (true)false0.00.00.0falsefalseYes (true)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
AfalseYes (true)falsefalsefalsefalsefalsefalseYes (true)
BfalseYes (true)falsefalsefalsefalsefalsefalseYes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (true)
BYes (true)

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (2 entries)

Cash GrantCashGrantAmtType Of AssistanceTypeOfAssistanceTxtAssistance PurposeAssistancePurposeTxt
$14,000MERIT SCHOLARSHIPEDUCATIONAL
$124,350Discounted TuitionEDUCATIONAL

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule L, Part III Columns (A) and (B) - Reporting for Schools:FormAndLineReferenceDesc
ExplanationFamily members of certain officers received merit scholarships and discounted tuition. The aid was awarded in accordance with the University's Standard Policies and Procedures.ExplanationTxt

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution307ContributionCnt
Method Of Determining RevenuesOther - AppraisalsMethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution40ContributionCnt
Noncash Contributions Rpt F990$1,452,111NoncashContributionsRptF990Amt
Method Of Determining RevenuesMarket valueMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescGifts in kindDesc
Contribution5ContributionCnt
Noncash Contributions Rpt F990$92,380NoncashContributionsRptF990Amt
Method Of Determining RevenuesMarket valueMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received2Form8283ReceivedCnt
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsfalseReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule M, Part I, Line 33 Noncash contribution amounts not reportedFAIRFIELD UNIVERSITY DOES NOT REPORT AN APPRAISED VALUE FOR WORK OF ARTS IN ITS AUDITED FINANCIAL STATEMENTS.
Schedule M, Part I Explanations of reporting method for number of contributionsArt - Works of art - number of contributions Securities - Publicly traded - number of contributors Other - Gifts in kind number of contributions

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part III, Line 4a Program Service AccomplishmentsFAIRFIELD UNIVERSITY IS AN INSTITUTION OF HIGHER LEARNING WITH UNDERGRADUATE, GRADUATE, DOCTORATE AND CONTINUING EDUCATION ACADEMIC PROGRAMS INCLUDING STUDENTS RESIDING ON CAMPUS. FULL-TIME EQUIVALENT ENROLLMENT FOR THE 2023-2024 ACADEMIC YEAR WAS 4,925 UNDERGRADUATE AND 857 GRADUATE STUDENTS WITH APPROXIMATELY 3,749 STUDENTS LIVING IN ON-CAMPUS RESIDENCES. ALSO INCLUDED IN OUR PROGRAM SERVICES IS A SECONDARY PREPARATORY SCHOOL WITH AN ENROLLMENT OF APPROXIMATELY 790 STUDENTS. FAIRFIELD UNIVERSITY WELCOMED 1,436 MEMBERS OF THE CLASS OF 2027 AND 24 TRANSFER STUDENTS TO CAMPUS IN THE FALL OF 2023. THE CLASS OF 2027 IS A STRONG CLASS, WITH AN AVERAGE SAT SCORE OF 1,313, HIGHER THAN THAT OF THE CLASS OF 2026. CONTINUED REFINEMENT OF THE FINANCIAL AID PROCESS AS WELL AS ENHANCEMENTS TO CAMPUS PROGRAMMING AND FOLLOW UP COMMUNICATION EFFORTS RESULTED IN A CLASS THAT EXCEEDED OUR BUDGETED GOALS. FOUNDED IN 1942, FAIRFIELD UNIVERSITY IS A MODERN JESUIT CATHOLIC UNIVERSITY WITH A STRONG FOUNDATION IN THE LIBERAL ARTS AND ROOTED IN ONE OF THE WORLD'S OLDEST INTELLECTUAL AND SPIRITUAL TRADITIONS. FAIRFIELD OFFERS OVER 50 UNDERGRADUATE MAJORS, 31 INTERDISCIPLINARY MINORS AND MORE THAN 50 MASTER'S DEGREE PROGRAMS, DOCTORAL PROGRAMS AND GRADUATE CERTIFICATES IN A WIDE VARIETY OF FIELDS. FAIRFIELD UNIVERSITY RANKED NO. 45 FOR BEST UNDERGRADUATE TEACHING IN THE NATIONAL UNIVERSITIES CATEGORY IN THE 2025 U.S. NEWS & WORLD REPORT BEST COLLEGE RANKINGS. FAIRFIELD'S OVERALL RANK IN THE NATIONAL UNIVERSITIES CATEGORY THIS YEAR IS NO. 132 (T), WITH NATIONALLY RANKED UNDERGRADUATE AND GRADUATE PROGRAMS IN A VARIETY OF DISCIPLINES INCLUDING: NO. 127 BEST UNDERGRADUATE BUSINESS PROGRAMS; NO. 96 BEST UNDERGRADUATE NURSING; AND NO. 78 BEST UNDERGRADUATE ENGINEERING. OUT OF 161 NATIONAL DOCTORAL/PROFESSIONAL UNIVERSITIES (DPU), AS CLASSIFIED BY THE CARNEGIE CLASSIFICATION SYSTEM, FAIRFIELD IS NO. 7. AMONG PRIVATE INSTITUTIONS IN THE NATIONAL UNIVERSITIES CATEGORY, FAIRFIELD ONCE AGAIN PLACED IN THE TOP 75, COMING IN AT NO. 65. IN PROGRAM SPECIALTY RANKINGS, THE DOLAN SCHOOL CONTINUES TO SHINE WITH STANDOUT RANKINGS: NO. 13 (T) FOR BUSINESS ANALYTICS; NO. 16 (T) FOR MARKETING; NO. 16 (T) FOR FINANCE; NO. 18 (T) FOR ACCOUNTING; AND NO. 38 (T) FOR MANAGEMENT. FAIRFIELD'S SCHOOL OF ENGINEERING & COMPUTING WAS RANKED NO. 86 IN THE BEST UNDERGRADUATE ENGINEERING PROGRAMS CATEGORY (NON-DOCTORATE) WAS RANKED NO. 78 (T), AND THE EGAN SCHOOL OF NURSING WAS RANKED NO. 96 FOR BEST UNDERGRADUATE NURSING PROGRAMS. FAIRFIELD UNIVERSITY WAS RANKED NO. 116 ON THE WALL STREET JOURNAL'S 2025 BEST COLLEGES IN THE U.S. LIST, RISING 8 SPOTS. THE UNIVERSITY ALSO MADE A SIGNIFICANT LEAP IN THE STUDENT EXPERIENCE CATEGORY TO THE TOP 13 PERCENT AT NO. 63-CLIMBING AN IMPRESSIVE 254 PLACES FROM LAST YEAR'S POSITION. THE WALL STREET JOURNAL RANKED FAIRFIELD NO. 97 AND IN THE TOP 20 PERCENT IN THE BEST SALARIES CATEGORY OUT OF 500 COLLEGES, A TESTAMENT TO THE UNIVERSITY'S COMMITMENT TO PREPARING STUDENTS FOR SUCCESSFUL CAREERS. GRADUATE PROGRAMS IN THE CHARLES F. DOLAN SCHOOL OF BUSINESS AND THE MARION PECKHAM EGAN SCHOOL OF NURSING & HEALTH STUDIES ROSE ONCE AGAIN IN THE 2024-2025 U.S. NEWS BEST GRADUATE SCHOOL RANKINGS. FAIRFIELD DOLAN'S ACCOUNTING PROGRAM ROSE 10 SPOTS TO NO.16 (T), ONCE AGAIN IN THE TOP 20 IN THE U.S. FAIRFIELD DOLAN'S MARKETING PROGRAM WAS ALSO RANKED IN THE TOP 20 AT NO.17 (T). BUSINESS ANALYTICS (T) AND FINANCE PROGRAMS WERE BOTH RANKED NO. 25 IN THE NATION. CONTINUING THE UPWARD TREND, FAIRFIELD DOLAN'S PART-TIME MBA PROGRAM ROSE 23 SPOTS TO NO. 53 (T). AMONG BEST NURSING SCHOOLS IN THE U.S. THAT OFFER MASTER'S DEGREES, FAIRFIELD EGAN ROSE 15 SPOTS TO NO. 58 (T) THIS YEAR (NO.2 IN CONNECTICUT). THE EGAN SCHOOL'S DNP PROGRAM ALSO ROSE 2 SPOTS TO NO. 72 (NO. 3 IN CONNECTICUT). FOR THE 2024-2025 EDITION, U.S. NEWS ALSO REPORTED ADDITIONAL SPECIALTY PROGRAMS RANKINGS - NEW SURVEY-BASED RANKINGS FOR TWELVE DISCIPLINES THAT ARE BASED SOLELY ON PEER ASSESSMENT. FAIRFIELD EGAN AND THE SCHOOL OF EDUCATION AND HUMAN DEVELOPMENT RECEIVED AWARD-WINNING RANKINGS IN THE FOLLOWING PEER-REVIEWED DISCIPLINES: NURSING ANESTHESIA NO. 29; NURSING MIDWIFERY NO. 17; AND SOCIAL WORK NO. 142 (T). THE PRINCETON REVIEW'S 2025 BEST 390 COLLEGES RANKINGS PLACED FAIRFIELD AT NO. 22 FOR BEST CAREER SERVICES; NO. 18 BEST STUDENT SUPPORT AND COUNSELING SERVICES; AND NO. 22 MOST ACTIVE STUDENT GOVERNMENT. FAIRFIELD'S REPUTATION FOR EXCELLENCE IS ALSO REFLECTED IN THE RECORD NUMBER OF APPLICATIONS THE UNIVERSITY IS RECEIVING, AND OUR ADMIT RATE DECLINING. THE FIRST-YEAR CLASS OF 2028 IS THE MOST ACADEMICALLY ACCOMPLISHED IN THE JESUIT INSTITUTION'S RECENT HISTORY, WITH OVER 1,460 STUDENTS ADMITTED FROM A RECORD 18,505 APPLICANTS, UP FROM THE PREVIOUS RECORD-BREAKING NUMBER OF APPLICATIONS RECEIVED LAST YEAR. THIS CLASS MARKED THE MOST COMPETITIVE ADMISSION CYCLE IN THE UNIVERSITY'S HISTORY WITH A 33 PERCENT ACCEPTANCE RATE. THE CLASS OF 2028 HAS AN IMPRESSIVE AVERAGE GPA OF 3.96, WITH 128 MAGIS SCHOLARS IN THE HONORS PROGRAM. THE CLASS REPRESENTS 30 STATES, WASHINGTON, D.C., PUERTO RICO, AND 12 COUNTRIES, WITH A RECORD 25 PERCENT ADMITTED THROUGH EARLY DECISION. FAIRFIELD HAS CONTINUED TO ACHIEVE THIS GROWTH WHILE REMAINING TRUE TO ITS JESUIT MISSION TO EDUCATE AND FORM PERSONS OF INTEGRITY AND PURPOSE WHO WILL CONTINUE TO TRANSFORM OUR WORLD FOR THE BETTER. AS WE GROW, WE HAVE INVESTED IN OUR STUDENT'S EDUCATIONAL EXPERIENCE ENHANCING OUR LEARNING, LIVING AND RESEARCH SPACES, AND CREATING NEW AND INNOVATIVE FACILITIES TO ENSURE THAT A FAIRFIELD EDUCATION IS OF THE HIGHEST CONTEMPORARY STANDARDS. OVER THE PAST SEVERAL YEARS, FAIRFIELD UNIVERSITY HAS SEEN SIGNIFICANT GROWTH WITH NEW ACADEMIC AND ADMINISTRATIVE BUILDINGS, ATHLETICS FACILITIES, AND RESIDENCE HALLS. IN FALL 2024, AS PART OF ITS ONGOING EXPANSION EFFORTS FAIRFIELD CELEBRATED TWO SIGNIFICANT MILESTONES: THE GRAND OPENING OF FAIRFIELD POST, A NEW OFFICE BUILDING LOCATED IN DOWNTOWN FAIRFIELD, AND THE OFFICIAL UNVEILING OF AVERY DULLES, S.J. HALL ON CAMPUS, A 28,000-SQUARE-FOOT MODERN RESIDENCE THAT NEWLY HOUSES MORE THAN 100 SOPHOMORES. THE UNIVERSITY'S NEWEST FACILITY IN DOWNTOWN FAIRFIELD LOCATED AT 1720 POST ROAD, HOUSES STAFF FROM THE CENTER FOR SOCIAL IMPACT, CENTER FOR ARTS & MINDS, MARKETING & COMMUNICATIONS, AND ADVANCEMENT. IN 2024, FAIRFIELD BELLARMINE, THE UNIVERSITY'S TWO-YEAR ASSOCIATE'S DEGREE PROGRAM, CONTINUED TO EXPAND ITS IMPACT IN THE GREATER BRIDGEPORT REGION, WELCOMING 75 NEW STUDENTS INTO ITS SECOND COHORT (FB CLASS OF 2026). RECENTLY, FAIRFIELD BELLARMINE RECEIVED THE PAUL S. TIMPANELLI LEADERSHIP AWARD AT THE BRIDGEPORT REGIONAL BUSINESS COUNCIL'S ANNUAL GALA, RECOGNIZING ITS POSITIVE INFLUENCE ON THE EAST END NEIGHBORHOOD AND COMMITMENT TO INTERGENERATIONAL PROSPERITY. THE PROGRAM'S FOCUS ON STUDENT SUCCESS IS REFLECTED IN ITS HIGH RETENTION RATE FOR THE CLASS OF 2025, SUPPORTED BY SMALL CLASS SIZES, PERSONALIZED MENTORING, AND A STRONG COMMUNITY. THE UNIVERSITY CONTINUES TO BRING ITS EXCELLENT NURSING PROGRAMS TO AUSTIN, TEXAS, A REGION WHERE THERE IS A CRITICAL SHORTAGE OF NURSES. IN 2024, FIFTEEN NEW GRADUATE STUDENTS IN THE MARION PECKHAM EGAN SCHOOL OF NURSING & HEALTH STUDIES BEGAN THE RIGOROUS JOURNEY TOWARD A DOCTOR OF NURSING PRACTICE (DNP) DEGREE IN NURSE ANESTHESIA AT FAIRFIELD UNIVERSITY'S AUSTIN CAMPUS. THE PROGRAM EXPANSION WAS APPROVED EARLIER THIS YEAR BY THE COUNCIL ON ACCREDITATION OF NURSE ANESTHESIA EDUCATIONAL PROGRAMS AND IS THE ONLY ACCREDITED DNP NURSE ANESTHESIA CONCENTRATION IN CENTRAL TEXAS. THIS GROWTH REFLECTS FAIRFIELD UNIVERSITY'S BROADER IMPACT, AS IT CONTINUES TO CONTRIBUTE SIGNIFICANTLY TO BOTH LOCAL ECONOMIES AND THE COMMUNITIES IT SERVES. IN FACT, FAIRFIELD UNIVERSITY CONTRIBUTES NEARLY $1 BILLION ANNUALLY TO THE LOCAL ECONOMY, ACCORDING TO THE CONNECTICUT CONFERENCE OF INDEPENDENT COLLEGES (CCIC) 2023 ECONOMIC IMPACT STUDY.
Form 990, Part VI, Line 1a Delegate broad authority to a committeeTHE BOARD OF TRUSTEES (THE BOARD) IS THE GOVERNING BODY FOR THE UNIVERSITY. THE BOARD IS COMPRISED OF 31 MEMBERS, ONE OF WHICH IS THE UNIVERSITY PRESIDENT. THE BOARD MEETS ON A QUARTERLY BASIS AND EACH MEMBER HAS EQUAL VOTING RIGHTS. THE BOARD IS COMPRISED OF 10 COMMITTEES, EACH LED BY A COMMITTEE CHAIR. THE CHAIR OF EACH COMMITTEE IS ALSO A MEMBER OF THE EXECUTIVE COMMITTEE WHICH ALSO INCLUDES THE CHAIR OF THE FULL BOARD AND THE PRESIDENT OF THE UNIVERSITY. MINUTES ARE MAINTAINED FOR ALL COMMITTEE MEETINGS AND SHARED WITH THE FULL BOARD. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL OF THE AUTHORITY OF THE BOARD OF TRUSTEES TO CARRY ON THE ORDINARY BUSINESS OF THE CORPORATION BETWEEN MEETINGS OF THE BOARD OF TRUSTEES.
Form 990, Part VI, Line 11b Review of form 990 by governing bodyTHE FORM 990 IS REVIEWED AND APPROVED BY THE VICE PRESIDENT FOR FINANCE BEFORE IT IS FORWARDED TO THE FINANCE AND AUDIT COMMITTEE. IT IS THE POLICY OF FAIRFIELD UNIVERSITY THAT EACH VOTING MEMBER OF THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF TRUSTEES IS PRESENTED WITH A COPY OF THE COMPLETED IRS FORM 990 BEFORE IT IS FILED WITH THE IRS. FORM 990 IS ALSO POSTED TO THE UNIVERSITY'S BOARD OF TRUSTEE ONLINE PORTAL FOR ALL TRUSTEES TO REVIEW PRIOR TO FILING.
Form 990, Part VI, Line 12c Conflict of interest policyMEMBERS OF THE BOARD OF TRUSTEES ARE ASKED TO SIGN A CONFLICT OF INTEREST STATEMENT. THE STATEMENT SHALL BE SIGNED ANNUALLY BY EACH BOARD MEMBER AS A CONDITION OF MEMBERSHIP ON THE BOARD OF TRUSTEES. EACH TRUSTEE IS EXPECTED TO DISCLOSE IN WRITING TO THE CHAIRMAN OF THE BOARD ALL SITUATIONS IN WHICH CONFLICTS MIGHT EXIST OR APPEAR TO EXIST. CONFLICT OF INTEREST STATEMENTS ARE COLLECTED AND REVIEWED BY THE UNIVERSITY SECRETARY. NO TRUSTEE HAVING INTERESTS CONFLICTING WITH THE INTERESTS OF THE UNIVERSITY, OR APPEARING SO, SHALL TAKE PART IN THE DELIBERATIONS OR VOTES OF THE BOARD INVOLVING THE QUESTION CONCERNING THE CONFLICT NOR SEEK TO INFLUENCE THE OTHER TRUSTEES ON THAT QUESTION.
Form 990, Part VI, Line 15a Process to establish compensation of top management officialTHE REVIEW PROCESS INCLUDES ALL OF THESE ELEMENTS (1) REVIEW AND APPROVAL BY THE BOARD OF TRUSTEES--COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES OF FAIRFIELD UNIVERSITY EVERY TWO YEARS, PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. (2) USE OF DATA AS TO COMPARABLE COMPENSATION--THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED UNIVERSITIES. THE FOLLOWING METHODS HAVE BEEN USED: A. REVIEW BY AN INDEPENDENT THIRD PARTY; B. CONDUCT MARKET ASSESSMENT OF SALARIES; AND C. EVALUATE THE APPROPRIATENESS OF THE CURRENT SALARY STRUCTURE TO ENSURE THAT WE ARE AND REMAIN COMPETITIVE WITH THE MARKET, AS WELL AS REMAIN INTERNALLY EQUITABLE. (3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING--THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORD KEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. COMPENSATION ARRANGEMENT: THE LAST TIME OF REVIEW WAS FEBRUARY 2024.
Form 990, Part VI, Line 15b Process to establish compensation of other employeesCompensation of the President and Senior Management is reviewed and approved by the Compensation Committee of the Board of Trustee's every two years, provided that persons with conflict of interest with respect to the compensation arrangement at issue are not involved in this review and approval. See the narrative above (Part VI, Line 15a) for additional review procedures.
Form 990, Part VI, Line 19 Required documents available to the publicGOVERNING DOCUMENTS SUCH AS FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND WHISTLEBLOWER POLICY ARE AVAILABLE ON THE UNIVERSITY'S WEBSITE AND ALSO BY REQUEST.
Form 990, Part XI, Line 9 Other changes in net assets or fund balancesCHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS - -141356;