2025-05-15T15:08:05+00:00 2024-06-30 135565207 KPMG LLP 345 Park Avenue New York NY 101540102 990 2023-07-01 060646623 Fairfield University FAIR 2032544000 1073 NORTH BENSON ROAD FAIRFIELD CT 06824 MARK R NEMEC PRESIDENT 2032544000 2025-05-15 true TOBY RUTH FRIEDMAN KERSLAKE P01875806 2127589700 2025-05-15 2023 2025-03-06 01:10:19Z MARK R NEMEC PHD 1073 NORTH BENSON ROAD FAIRFIELD CT 06824 616577026 false X WWW.FAIRFIELD.EDU X 1942 CT FAIRFIELD'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. 31 30 3821 575 116032 31342 30180533 46841328 370160726 403023980 23329624 38241471 857153 1201679 424528036 489308458 112544567 124334323 0 156882611 176199285 147139 218820 10961631 115172259 131666488 384746576 432418916 39781460 56889542 1146008194 1209670431 368291521 358412879 777716673 851257552 TO 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. false false 299871484 124334323 327249745 HIGHER 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. 51290626 0 68657805 AUXILIARY 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. 5107870 0 7116430 OTHER ACTIVITIES: A VARIETY OF STUDENT SERVICES INCLUDING ARTS AND ENTERTAINMENT AT THE QUICK CENTER, STUDENT ACTIVITIES FOR CLUB SPORTS, AND OTHER ITEMS. 356269980 true true false true false true true false true true true false false true true true false true true true false true true true false false false true true true false false false false false false true false false false true true false false false false false false false true X 7797 0 true 3821 true true true true IT false false false true true false false false false true false X 31 30 false false false false false false false true true false false true true true true true true true true false CT X MICHAEL TRAFECANTE 2032544000 1073 NORTH BENSON ROAD FAIRFIELD CT 06824 MARK R NEMEC PHD PRESIDENT 45.0 0.0 X X 825357 0 134563 ANDREW J McMAHON TRUSTEE (AS OF 7-1-2023) 5.0 0.0 X 0 0 0 BRIAN P HULL TRUSTEE 5.0 0.0 X 0 0 0 CHRISTOPHER C DESMARAIS TRUSTEE 5.0 0.0 X 0 0 0 CHRISTOPHER C QUICK TRUSTEE 1.0 0.0 X 0 0 0 CLINTON A LEWIS JR TRUSTEE 1.0 0.0 X 0 0 0 DAGAN T KASAVANA TRUSTEE 1.0 0.0 X 0 0 0 DOUGLAS W HAMMOND TRUSTEE 1.0 0.0 X 0 0 0 ELNER L MORRELL TRUSTEE 1.0 0.0 X 0 0 0 GAVIN G O'CONNOR TRUSTEE 1.0 0.0 X 0 0 0 HUGH DAVIS TRUSTEE 1.0 0.0 X 0 0 0 JOHN C MEDITZ TRUSTEE 5.0 0.0 X 0 0 0 JORGE A CHILUISA TRUSTEE 1.0 0.0 X 0 0 0 KEVIN P CANNON TRUSTEE 5.0 0.0 X 0 0 0 LISA M FERRARO TRUSTEE 1.0 0.0 X 0 0 0 MARY RYAN CUNNINGHAM TRUSTEE 1.0 0.0 X 0 0 0 MAUREEN ERRITY BUJNO TRUSTEE 1.0 0.0 X 0 0 0 NANCY A ALTOBELLO TRUSTEE 5.0 0.0 X 0 0 0 PATRICIA E GLASSFORD TRUSTEE 5.0 0.0 X 0 0 0 PHILLIP J NEUGEBAUER TRUSTEE 1.0 0.0 X 0 0 0 REV CHRISTOPHER J DEVRON SJ TRUSTEE (AS OF 7-1-2023) 5.0 0.0 X 0 0 0 REV GREGORY A KALSCHEUR SJ TRUSTEE 5.0 0.0 X 0 0 0 REV GREGORY M GOETHALS SJ TRUSTEE (AS OF 7-1-2023) 1.0 0.0 X 0 0 0 REV JOHN P MULREANY SJ TRUSTEE (AS OF 7-1-2023) 1.0 0.0 X 0 0 0 REV MARIO M POWELL SJ TRUSTEE 1.0 0.0 X 0 0 0 ROBERT J MURPHY JR TRUSTEE 5.0 0.0 X 0 0 0 ROSELLEN WALSH SCHNURR TRUSTEE 5.0 0.0 X 0 0 0 SHEILA KEARNEY DAVIDSON TRUSTEE 5.0 0.0 X 0 0 0 SHELAGH MAHONEY-MCNAMEE TRUSTEE 1.0 0.0 X 0 0 0 STEPHEN M LESSING TRUSTEE 1.0 0.0 X 0 0 0 THOMAS J FANNING SR TRUSTEE 1.0 0.0 X 0 0 0 KRISTINE CARROLL SECRETARY 45.0 0.0 X 76248 0 61957 MICHAEL TRAFECANTE VP FOR FINANCE, CFO & TREASURER 45.0 0.0 X 363130 0 153914 CHRISTINE SIEGEL PROVOST & SR VP ACADEMICS 45.0 0.0 X 508514 0 82320 DAVID FRASSINELLI VP OF FACILITIES, CAMPUS & AUXILIARY SERVICES 45.0 0.0 X 289294 0 60970 JOANNE WILLIAMS SR VP FOR FINANCE & ADMIN 45.0 0.0 X 457186 0 52843 RICHARD GREENWALD DEAN, SCHOOL OF CAS 45.0 0.0 X 284468 0 75973 JOHN YOUNG HEAD MBB COACH (end 10-16-2023) 45.0 0.0 X 1061638 0 63003 LAURIE MCCARTHY Dean, School of Edu and Human Development (end 5-31-2023) 45.0 0.0 X 459504 0 10599 PAUL SCHLICKMANN VP OF ATHLETICS 45.0 0.0 X 378940 0 84707 WALTER HALAS VP OF ADVANCEMENT 45.0 0.0 X 414525 0 74892 ZHAN LI DEAN, SCHOOL OF BUSINESS 45.0 0.0 X 462668 0 49897 5581472 0 905638 368 false true false ARAMARK SERVICES INC 200 MARKET STREET PHILADELPHIA PA 19103 DINING SERVICES 19848271 GILBANE BUILDING SERVICES 7 JACKSON WALKWAY PROVIDENCE RI 02903 CONSTRUCTION 14703006 CONSIGLI CONSTRUCTION CO INC 100 ALLYN STREET HARTFORD CT 06103 CONSTRUCTION 13076141 WHITING TURNER CONTRACTING CO 195 CHURCH STREET NEW HAVEN CT 06510 CONSTRUCTION 7789223 ABM INDUSTRY GROUP LLC 14141 SW FREEWAY STE 400 SUGAR LAND TX 77478 JANITORIAL 4793849 153 1318232 5700688 39822408 1544491 46841328 TUITION & FEES 611600 327249745 327249745 AUXILIARY SERVICES 721000 68657805 68657805 OTHER PROGRAM SERVICES 900099 6653294 6653294 SUMMER CONFERENCES 610000 463136 370117 93019 0 0 0 0 403023980 13578109 40076 13538033 1384192 216027 199167 233090 1185025 -17063 1167962 -17063 1185025 150825419 62123 125860071 364109 24965348 -301986 24663362 24663362 645848 1318232 612131 33717 33717 0 0 0 0 0 489308458 402930961 116032 39420137 120773611 120773611 3560712 3560712 3934133 1675716 1877649 380768 126306179 99119513 21316512 5870154 8089879 6348580 1365317 375982 29232398 22940296 4933510 1358592 8636696 6556917 1630713 449066 1067358 68536 998822 209061 209061 218820 218820 228085 228085 28773597 24020420 3760423 992754 3085088 2811859 232799 40430 7051332 4924992 1713128 413212 8061407 2229903 5544334 287170 12095868 12095868 5852309 4963351 674889 214069 436623 341806 79475 15342 10367035 8898407 1448442 20186 29455422 21295790 8007213 152419 2567094 374058 2193036 MAINTENANCE & EQUIPMENT 7392416 3294346 4035171 62899 STUDY ABROAD 5767877 5767877 CONSULTANTS & HONORARIA 2271734 1357874 831648 82212 LIBRARY ACQUISITIONS 1144811 1107281 9974 27556 5839371 1742267 4097104 0 432418916 356269980 65187305 10961631 699 699 66519601 59079581 31314689 45060673 1213281 1523741 0 0 0 0 937512148 352853281 551597874 584658867 358571142 387948411 94526291 107410619 484982 295394 41779635 23692446 1146008194 1209670431 50136961 47154175 216637 368267 16206331 17235906 287665627 278043471 0 0 14065965 15611060 368291521 358412879 X 447954021 481116679 329762652 370140873 777716673 851257552 1146008194 1209670431 X 56889542 16792693 -141356 X false true X true true true X 42763677 25478475 52721702 30180533 46841328 197985715 0 0 42763677 25478475 52721702 30180533 46841328 197985715 23943387 174042329 14130651 8353986 6494202 15251545 14922225 59152609 50424 453170 31342 534936 36496 46927 409189 544855 645848 1683315 259356575 1711032549 0.6711 0.7009 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - 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; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 31 31 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY FAIRFIELD UNIVERSITY INDIRECTLY INCURS LOBBYING EXPENSE THROUGH DUES PAID TO OTHER ORGANIZATIONS. X 9 30.0 0 0 1 true 65.0 42500 false X X X X false 433609129 6249042 50311401 5368987 12905430 204795 471690360 407344987 8359383 34214939 4989938 11207352 112890 433609129 464604164 6900055 -51712704 4392904 7940015 113609 407344987 357051925 5229014 118628213 4158615 11999924 146449 464604164 382450518 1402417 -15169929 4530960 6958998 141123 357051925 0.3689 0.6311 0.0 false false 10950253 10950253 758293906 255993753 502300153 15885478 1135371 14750107 104369352 85441350 18928002 48013159 10282807 37730352 584658867 Investments - other securities PRIVATE EQUITY AND OTHER 63573376 F HEDGE FUNDS OF FUNDS 43837243 F 107410619 Other liabilities CAPITAL LEASES 837941 Right of use operating lease liability 14773119 15611060 X 382441775 16792693 -124475679 -107682986 490124761 228085 -1044388 -816303 489308458 308900896 1044388 1044388 307856508 228085 124334323 124562408 432418916 Schedule D, Part III, Line 1a Collections of art - financial statement footnote THE 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 collections THE 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 funds THE 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) footnote THE 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 990 Financial 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 statements RENTAL EXPENSE - -432257 FUNDRAISING EXPENSE - -612131 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RENTAL EXPENSE - 432257 FUNDRAISING EXPENSE - 612131 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements FINANCIAL AID - XXX-XX-XXXX true true false true true true true false false false false false false false false true false false Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY SEE SUPPLEMENTAL SECTION FOR NARRATIVE Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT FAIRFIELD 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 POLICY THE 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. true Europe (Including Iceland and Greenland) 1 5 Program Services Study Abroad Program 5946990 East Asia and the Pacific 0 0 Program Services Study Abroad Program 85768 East Asia and the Pacific 0 0 Grantmaking 274592 Europe (Including Iceland and Greenland) 0 0 Grantmaking 1872211 Middle East and North Africa 0 0 Grantmaking 27000 North America (Canada & Mexico only) 0 0 Grantmaking 535628 South America 0 0 Grantmaking 122355 South Asia 0 0 Grantmaking 577284 Sub-Saharan Africa 0 0 Grantmaking 151642 Central America and the Caribbean 0 0 Investments 61374182 Europe (Including Iceland and Greenland) 0 0 Investments 15106382 1 5 0 0 1 5 86074034 0 86074034 Scholarship East Asia and the Pacific 14 274592 Financial Aid Applied to Student Account Scholarship Europe (Including Iceland and Greenland) 34 1872211 Financial Aid Applied to Student Account Scholarship Middle East and North Africa 2 27000 Financial Aid Applied to Student Account Scholarship North America (Canada & Mexico only) 11 535628 Financial Aid Applied to Student Account Scholarship South America 3 122355 Financial Aid Applied to Student Account Scholarship South Asia 11 577284 Financial Aid Applied to Student Account Scholarship Sub-Saharan Africa 4 151642 Financial Aid Applied to Student Account true false true true true true Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds THE 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 statements CENTRAL 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 statements EAST 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 X X X X X X true GiveCampus Inc 903 G St SE Washington DC 20003 External Website false 2623961 76966 2546995 Greater Giving Inc 2035 NW Front Avenue Suite 205 Portland OR 97209 External Website false 229520 9739 219781 Community Counselling LLC 527 Madison Avenue 5th Floor New York NY 10022 Campaign Consulting false 0 96000 -96000 TOSKR Inc 2672 BAYSHORE PARKWAY MOUNTAIN VIEW CA 94043 External Communications false 0 7615 -7615 EverTrue 33 Arch St 17th Floor Boston MA 02110 Donor Experience false 243727 28500 215227 3097208 218820 2878388 CT FL NJ NY Alumni Award Dinner 1419000 995300 423700 78959 296306 48435 Prep Auction 283796 176771 107025 25638 19538 18115 5 261284 146161 115123 72169 24057 28914 1964080 1318232 645848 176766 339901 95464 612131 33717 Schedule G, Part I PROFESSIONAL FUNDRAISING SERVICES GREATER 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 REGISTERED THE UNIVERSITY IS REGISTERED IN CT, NY, NJ AND FL FOR THE SOLICITATION OF CONTRIBUTIONS THROUGH CHARITABLE GIFT ANNUITIES. true INSTITUTIONAL SCHOLARSHIPS 6673 102221774 ATHLETIC SCHOLARSHIPS 270 7117704 STATE AND FEDERAL GRANTS 294 1497122 PREP SCHOOL FINANCIAL AID 359 4185087 OTHER FINANCIAL AID 609 5751924 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. 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 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. X X true true X X X X true false false false false false false true false MARK R NEMEC PHD PRESIDENT 606447 0 210000 0 8910 0 29700 0 104863 0 959920 0 0 0 MICHAEL TRAFECANTE VP FOR FINANCE, CFO & TREASURER 295630 0 67500 0 0 0 26197 0 127717 0 517044 0 0 0 CHRISTINE SIEGEL PROVOST & SR VP ACADEMICS 387327 0 121187 0 0 0 29700 0 52620 0 590834 0 0 0 JOANNE WILLIAMS SR VP FOR FINANCE & ADMIN 364823 0 72000 0 20363 0 29700 0 23143 0 510029 0 0 0 RICHARD GREENWALD DEAN, SCHOOL OF CAS 246668 0 37800 0 0 0 22935 0 53038 0 360441 0 0 0 DAVID FRASSINELLI VP OF FACILITIES, CAMPUS & AUXILIARY SERVICES 235501 0 53793 0 0 0 21744 0 39226 0 350264 0 0 0 JOHN YOUNG HEAD MBB COACH (end 10-16-2023) 419868 0 0 0 641770 0 29700 0 33303 0 1124641 0 0 0 ZHAN LI DEAN, SCHOOL OF BUSINESS 367388 0 82349 0 12931 0 29700 0 20197 0 512565 0 0 0 WALTER HALAS VP OF ADVANCEMENT 333449 0 75026 0 6050 0 29700 0 45192 0 489417 0 0 0 LAURIE MCCARTHY Dean, School of Edu and Human Development (end 5-31-2023) 114440 0 0 0 345064 0 7782 0 2817 0 470103 0 0 0 PAUL SCHLICKMANN VP OF ATHLETICS 307531 0 67725 0 3684 0 28704 0 56003 0 463647 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use THE 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 fees THE 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 payment JOHN 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 payments VARIOUS MEMBERS OF MANAGEMENT WERE AWARDED A PERFORMANCE BONUS BASED ON SUCCESSFUL ATTAINMENT OF PERFORMANCE BASED OBJECTIVES. A CHEFA 2016 SERIES Q-1 060806186 20774YYR2 2016-02-25 53583942 CONSTRUCTION OF VARIOUS CAMPUS FACILITIES false false false B CHEFA 2016 SERIES Q-2 060806186 20774YZH3 2016-03-30 20006907 PARTIALLY ADVANCE REFUND CHEFA SERIES 2008 false false false C CHEFA 2017 SERIES R 060806186 20774Y3B1 2017-12-20 121950419 REFUND CHEFA SERIES O; CONSTRUCTION false false false D CHEFA 2018 SERIES S 060806186 20774Y3Y1 2018-04-04 75309545 REFUND CHEFA SERIES M & N; CONSTRUCTION false false false A 0 53583942 0 3138393 0 525083 0 0 49920466 0 0 2018 false false true true B 6260000 20006907 0 0 0 291476 0 0 0 19715431 0 2016 false true true true C 121950419 0 0 0 808952 0 0 40000000 81141467 0 2019 false true true true D 27960000 0 75309545 0 0 0 554389 0 0 0 74755156 0 2018 true false true true A false false true true false 0.0 0.0 0.0 false false true B false false true true true true 0.0008 0.0 0.0008 false false true C false false true true false 0.0 0.0 0.0 false false true D false false true true false true 0.0 0.0 0.0 false false true A false false false true false false false false true B false false false true false false false false true C false false false true false false false false true D false false false true false false false false true A true B true C true D true Schedule K, Part II, Line 11 OTHER SPENT PROCEEDS CHEFA 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 CONTRACTS ALL 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 AGREEMENTS RESEARCH 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 CALCULATIONS THE 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. A CHEFA 2020 SERIES T 060806186 20775DHW5 2020-09-10 28063429 REFUND CHEFA SERIES P; CONSTRUCTION false false false B CHEFA 2022 SERIES U 060806186 20775DST0 2022-03-17 30469568 CONSTRUCTION false false false A 2760000 28063429 0 0 0 489189 0 0 16068221 11506019 0 2024 true false false true B 0 30469568 0 0 0 469568 0 0 30000000 0 0 2024 false false false true A false false true true false 0.0 0.0 0.0 false false true B false false true true false 0.0 0.0 0.0 false false true A false true false false false false false false true B false true false false false false false false true A true B true 14000 MERIT SCHOLARSHIP EDUCATIONAL 124350 Discounted Tuition EDUCATIONAL Schedule L, Part III Columns (A) and (B) - Reporting for Schools: Family members of certain officers received merit scholarships and discounted tuition. The aid was awarded in accordance with the University's Standard Policies and Procedures. X 307 Other - Appraisals X 40 1452111 Market value X Gifts in kind 5 92380 Market value 2 false false false Schedule M, Part I, Line 33 Noncash contribution amounts not reported FAIRFIELD 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 contributions Art - Works of art - number of contributions Securities - Publicly traded - number of contributors Other - Gifts in kind number of contributions Form 990, Part III, Line 4a Program Service Accomplishments FAIRFIELD 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 committee THE 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 body THE 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 policy MEMBERS 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 official THE 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 employees Compensation 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 public GOVERNING 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 balances CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS - -141356;