2026-05-13T09:37:46+00:00 2025-06-30 135565207 KPMG LLP Two Manhattan West 375 9th Avenue New York NY 10001 990 2024-07-01 060646623 Fairfield University FAIR 2032544000 1073 NORTH BENSON ROAD FAIRFIELD CT 06824 MARK R NEMEC PRESIDENT 2032544000 2026-05-13 true Toby Kerslake P01875806 2127589700 2026-05-13 2024 2025-03-06 01:10:19Z MARK R NEMEC PHD 1073 NORTH BENSON ROAD FAIRFIELD CT 06824 785216958 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 28 3771 830 184635 36716 46841328 71094862 403023980 449155242 38241471 36803393 1201679 1544816 489308458 558598313 124334323 139754522 0 0 176199285 192589930 218820 327262 11438413 131666488 141200297 432418916 473872011 56889542 84726302 1209670431 1304678399 358412879 349739686 851257552 954938713 TO ESTABLISH, ORGANIZE, MAINTAIN AND CONDUCT AN INSTITUTION FOR SECONDARY, UNDERGRADUATE AND GRADUATE EDUCATION IN THE STATE OF CONNECTICUT, AND TO PERFORM SUCH OTHER WORKS OF EDUCATION, CHARITY AND RELIGION. SEE SCHEDULE O. false false 332212014 137576878 364729472 HIGHER LEARNING: FAIRFIELD UNIVERSITY IS AN INSTITUTION 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. 54495410 2177644 77076816 AUXILIARY SERVICES: AUXILIARY SERVICES INCLUDE THE COSTS OF ROOM AND BOARD FOR APPROXIMATELY 3,925 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. 8863209 0 7221864 OTHER ACTIVITIES: A VARIETY OF STUDENT SERVICES INCLUDING BUT NOT LIMITED TO ARTS AND ENTERTAINMENT AT THE QUICK CENTER, AND STUDENT ACTIVITIES FOR CLUB SPORTS. 395570633 true true false true false 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 false true X 8466 0 true 3771 true true true true IT false false false true true false false false false false false X 31 28 false false false false false false false true true false false false true true true true true true true true false false X MICHAEL TRAFECANTE 2032544000 1073 NORTH BENSON ROAD FAIRFIELD CT 06824 MARK R NEMEC PHD PRESIDENT 45.0 0.0 X X 907966 0 187395 ANDREW J MCMAHON TRUSTEE 1.0 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 5.0 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 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 5.0 0.0 X 0 0 0 KATHLEEN RAFFERTY HAY TRUSTEE (AS OF 7-1-2024) 1.0 0.0 X 0 0 0 KEVIN P CANNON TRUSTEE 5.0 0.0 X 0 0 0 LISA M FERRARO TRUSTEE 5.0 0.0 X 0 0 0 MARK P EGAN TRUSTEE (AS OF 7-1-2024) 1.0 0.0 X 0 0 0 MARY RYAN CUNNINGHAM TRUSTEE 1.0 0.0 X 0 0 0 MAUREEN ERRITY BUJNO 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 1.0 0.0 X 0 0 0 Rev Gerald Blaszczak SJ TRUSTEE (AS OF 7-1-2024) 1.0 0.0 X 0 0 0 REV GREGORY KALSCHEUR SJ TRUSTEE 5.0 0.0 X 0 0 0 REV GREGORY M GOETHALS SJ TRUSTEE 5.0 0.0 X 0 0 0 REV MARIO A 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 SHELAGH MAHONEY-MCNAMEE TRUSTEE 1.0 0.0 X 0 0 0 SHELIA KEARNEY DAVIDSON TRUSTEE 5.0 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 79449 0 62038 MICHAEL TRAFECANTE VP FOR FINANCE, CFO & TREASURER 45.0 0.0 X 383591 0 160848 CHRISTINE SIEGEL PROVOST & SR VP ACADEMICS 45.0 0.0 X 526034 0 85080 DAVID FRASSINELLI VP of Facilities, Campus & Auxiliary Services 45.0 0.0 X 302678 0 62050 JOANNE WILLIAMS SR VP FOR FINANCE & ADMIN 45.0 0.0 X 474082 0 51204 RICHARD GREENWALD DEAN, SCHOOL OF CAS 45.0 0.0 X 305649 0 77278 CHRISTOPHER CASEY MEN'S BASKETBALL COACH 45.0 0.0 X 389140 0 85060 CORY UNIS VP FOR ENROLLMENT MANAGEMENT 45.0 0.0 X 371760 0 82202 PAUL SCHLICKMANN VP OF ATHLETICS 45.0 0.0 X 497036 0 86960 WALTER HALAS VP OF ADVANCEMENT 45.0 0.0 X 427725 0 74177 ZHAN LI DEAN, SCHOOL OF BUSINESS 45.0 0.0 X 498364 0 49420 5163474 0 1063712 434 false true false ARAMARK SERVICES INC 200 MARKET STREET PHILADELPHIA PA 19103 DINING SERVICES 21170632 GILBANE BUILDING SERVICES 7 JACKSON WALKWAY PROVIDENCE RI 02903 CONSTRUCTION 8708333 CONSIGLI CONSTRUCTION CO INC 100 ALLYN STREET HARTFORD CT 06103 CONSTRUCTION 6422702 ABM INDUSTRY GROUP LLC 14141 SW FREEWAY STE 400 SUGAR LAND TX 77478 JANITORIAL 4421716 NEWMAN ARCHITECTS PC Address 265 Church St 15th Fl NEW HAVEN CT 06510 CONSTRUCTION 3078352 153 0 0 1764665 0 4813943 64516254 3348381 71094862 TUITION & FEES 611600 364729472 364729472 0 0 AUXILIARY SERVICES 721000 77076816 77076816 0 0 OTHER PROGRAM SERVICES 900099 7221864 7221864 0 0 SUMMER CONFERENCES 610000 127090 0 127090 0 0 0 0 0 449155242 11728188 0 46849 11681339 0 0 0 0 0 0 0 0 1621333 353353 61097 342657 1560236 10696 1570932 0 10696 1560236 250702785 23530 219929204 5721905 30773581 -5698375 25075205 0 0 25075205 537666 1764665 563782 -26116 0 -26116 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 558598313 449028152 184635 38290664 0 0 135640280 135640280 4114242 4114242 0 0 4147852 1753388 1972626 421838 0 0 0 0 136376402 108133687 22096739 6145976 8882261 7042800 1439171 400290 33630258 26665639 5449029 1515590 9553157 7392589 1690401 470167 0 0 0 0 687018 158517 518852 9649 344642 0 344642 0 0 0 0 0 327262 327262 247825 0 247825 0 32718211 28185202 3746116 786893 3810044 3499226 271676 39142 6850969 4667468 1769023 414478 9419904 2311055 6663162 445687 0 0 0 0 13417595 13417595 0 0 6343330 5399378 733375 210577 0 0 0 0 570350 436991 103071 30288 10123576 10051607 56430 15539 0 0 0 0 30581482 22484198 7971012 126272 2704361 431813 2272548 0 MAINTENANCE & EQUIPMENT 8746694 3874619 4849543 22532 STUDY ABROAD 6392577 6392577 0 0 CONSULTANTS & HONORARIA 2610070 517079 2092991 0 LIBRARY ACQUISTIONS 1170730 1170730 0 0 4460919 1829953 2574733 56233 473872011 395570633 66862965 11438413 0 0 0 0 699 701 59079581 86538710 45060673 68726913 1523741 973842 0 0 0 0 0 0 0 0 0 0 963261669 374105980 584658867 589155689 387948411 405839557 107410619 132251623 295394 190373 0 0 23692446 21000991 1209670431 1304678399 47154175 50040361 368267 264284 17235906 16393679 278043471 268152040 0 0 0 0 0 0 0 0 15611060 14889322 358412879 349739686 X 481116679 513688722 370140873 441249991 0 0 0 0 0 0 851257552 954938713 1209670431 1304678399 X 84726302 19038663 15000 0 0 -98804 X false true true true true X 25478475 52721702 30180533 46841328 71094862 226316900 0 0 25478475 52721702 30180533 46841328 71094862 226316900 41935451 184381449 8353986 6494202 15251545 14922225 13302672 58324630 50424 453170 31342 36716 571652 46927 409189 544855 645848 537666 2184485 287397667 1867647840 0.64156 0.67105 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - GROSS INCOME FROM FUNDRAISING EVENTS, COLUMN A - 46927.0, COLUMN B - 409189.0, COLUMN C - 544855.0, COLUMN D - 645848.0, COLUMN E - 537666.0, COLUMN F - 2184485.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 1397 1397 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 0 1 false 65.0 42500 false X X X X false 471690360 3659224 54911902 5383209 8528456 192031 516157790 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 0.3659 0.6341 0.0 false false 11565297 11565297 778361231 269037605 509323626 17879233 2586928 15292305 121386802 92548195 28838607 34069106 9933252 24135854 589155689 Closely-held equity interests Financial derivatives Investments - other securities PRIVATE EQUITY AND OTHER 83888329 F HEDGE FUNDS OF FUNDS 48363294 F 132251623 Federal Income Taxes Other liabilities CAPITAL LEASES 878296 Right of use operating lease liability 14011026 14889322 X 438175704 19038663 15000 0 -139853326 -120799663 558975367 247825 -624879 -377054 558598313 334494543 0 0 624879 624879 333869664 247825 139754522 140002347 473872011 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 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, 2025 AND 2024, 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 - -98804 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements RENTAL EXPENSE - -61097 FUNDRAISING EXPENSE - -563782 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RENTAL EXPENSE - 61097 FUNDRAISING EXPENSE - 563782 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 4 Program Services Study Abroad Program 5635535 East Asia and the Pacific 0 0 Program Services Study Abroad Program 192437 East Asia and the Pacific 0 0 Grantmaking 1012418 Europe (Including Iceland and Greenland) 0 0 Grantmaking 1697458 Middle East and North Africa 0 0 Grantmaking 500 North America (Canada & Mexico only) 0 0 Grantmaking 696178 South America 0 0 Grantmaking 213114 South Asia 0 0 Grantmaking 46360 Sub-Saharan Africa 0 0 Grantmaking 316764 Central America and the Caribbean 0 0 Grantmaking 131450 Central America and the Caribbean 0 0 Investments 75797604 Europe (Including Iceland and Greenland) 0 0 Investments 20898365 1 4 0 0 1 4 106638183 0 106638183 Scholarship East Asia and the Pacific 16 1012418 Financial Applied to Student Account Scholarship Europe (Including Iceland and Greenland) 30 1697458 Financial Applied to Student Account Scholarship Middle East and North Africa 1 500 Financial Applied to Student Account Scholarship North America (Canada & Mexico only) 16 696178 Financial Applied to Student Account Scholarship South America 12 213114 Financial Applied to Student Account Scholarship South Asia 15 46360 Financial Applied to Student Account Scholarship Sub-Saharan Africa 7 316764 Financial Applied to Student Account Scholarship Central America and the Caribbean 6 131450 Financial Applied to Student Account true false true true true false 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 Administered BY THE UNIVERSITY'S FINANCIAL AID OFFICE. Schedule F, Part V PART I, LINE 2- GRANTMAKING THE UNIVERSITY OFFERS FINANCIAL ASSISTANCE IN THE FORM OF LOANS, GRANTS, EMPLOYMENT (WORK STUDY) AND SCHOLARSHIPS. THE AWARDS ARE GIVEN 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. Schedule F, Part V METHOD USED TO ACCOUNT FOR EXPENDITURES ON ORG'S FINANCIAL STATEMENTS STUDY ABROAD PROGRAMS AND GRANTMAKING ARE REPORTED ON THE ACCRUAL METHOD. INVESTMENTS ARE REPORTED AT FAIR MARKET VALUE. X X X X X X true GiveCampus Inc 903 G St SE Washington DC 20003 External Website false 3402524 124432 3278092 Community Counselling Service Co LLC 527 Madison Avenue 5th Floor New York NY 10022 Campaign Consulting false 0 196140 -196140 TOSKR Inc 2672 BAYSHORE PARKWAY MOUNTAIN VIEW CA 94043 External Communications false 0 6690 -6690 3402524 327262 3075262 CT FL NJ NY Award Dinner 2134286 1690845 443441 100453 305795 37193 ATHLETICS GOLF OUTING 88760 61270 27490 25010 19276 13333 2 79285 12550 66735 47115 15029 578 2302331 1764665 537666 172578 340100 51104 563782 -26116 Schedule G, Part I PROFESSIONAL FUNDRAISING SERVICES GIVECAMPUS provides an online platform that is used as part of the University's annual fundraising activities. COMMUNITY COUNSELLING SERVICES, a strategic fundraising firm, provides on-site training to Fairfield University in-house personnel on fundraising strategies, planning, management, and implementation of programs to achieve fundraising goals. TOSKR is a text messaging service used in fundraising. Due to the nature of the services provided by Community Counselling LLC and Toskr, Inc.-specifically campaign consulting and external communications-no direct solicitations were conducted. As a result, the University is unable to directly attribute these activities to contributions received. Accordingly, no gross receipts have been reported in Part I, Line 2b, Column (iv). Consequently, Part I, Line 2b, Column (vi) reflects a negative amount. Schedule G, Part I, Line 3 STATES REGISTERED THE UNIVERSITY IS REGISTERED IN CT, FL, NJ, AND NY FOR THE SOLICITATION OF CONTRIBUTIONS THROUGH CHARITABLE GIFT ANNUITIES. true INSTITUTIONAL SCHOLARSHIPS 7388 116786156 ATHLETIC SCHOLARSHIPS 318 7739445 STATE AND FEDERAL GRANTS 459 1272050 PREP SCHOOL FINANCIAL AID 403 4459474 OTHER FINANCIAL AID 571 5383155 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 GIVEN 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 false true false false false false false true false MARK R NEMEC PHD PRESIDENT 644873 0 252000 0 11093 0 81050 0 106345 0 1095361 0 0 0 MICHAEL TRAFECANTE VP FOR FINANCE, CFO & TREASURER 306779 0 75501 0 1311 0 27314 0 133534 0 544439 0 0 0 CHRISTINE SIEGEL PROVOST & SR VP ACADEMICS 426834 0 97200 0 2000 0 31050 0 54030 0 611114 0 0 0 JOANNE WILLIAMS SR VP FOR FINANCE & ADMIN 367986 0 74000 0 32096 0 31050 0 20154 0 525286 0 0 0 RICHARD GREENWALD DEAN, SCHOOL OF CAS 256309 0 47669 0 1671 0 23451 0 53827 0 382927 0 0 0 DAVID FRASSINELLI VP of Facilities, Campus & Auxiliary Services 242723 0 56884 0 3071 0 22562 0 39488 0 364728 0 0 0 PAUL SCHLICKMANN VP OF ATHLETICS 335801 0 78512 0 82723 0 29422 0 57538 0 583996 0 0 0 ZHAN LI DEAN, SCHOOL OF BUSINESS 400766 0 90000 0 7598 0 31050 0 18370 0 547784 0 0 0 WALTER HALAS VP OF ADVANCEMENT 346093 0 77652 0 3980 0 31050 0 43127 0 501902 0 0 0 CHRISTOPHER CASEY MEN'S BASKETBALL COACH 337667 0 47238 0 4235 0 31050 0 54010 0 474200 0 0 0 CORY UNIS VP FOR ENROLLMENT MANAGEMENT 281108 0 86009 0 4643 0 26364 0 55838 0 453962 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 AND THE VP OF ATHLETICS RECEIVED MEMBERSHIP TO A CLUB FOR THE PURPOSE OF ENTERTAINING POTENTIAL DONORS. ALL AMOUNTS ARE INCLUDED IN TAXABLE INCOME. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan Mark R. Nemec, Ph.D., the president, participated in a supplemental nonqualified retirement plan. Deferred compensation of $50,000 from the plan is included in Schedule J, Part II, column (c). 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 7450000 20006907 0 0 0 291476 0 0 0 19715431 0 2016 false true true true C 0 121950419 0 0 0 808952 0 0 40000000 81141467 0 2019 false true true true D 34565000 0 75309545 0 0 0 554389 0 0 0 74755156 0 2018 true false true true A false false true true false false 0.0 0.0 0.0 false false 0 false true B false false true true true true 0.0003 0.0 0.0003 false false 0 false true C false false true true false false 0.0 0.0 0.0 false false 0 false true D false false true true false true 0.0 0.0 0.0 false false 0 false true A false false false true false false 0 false false false 0 false false true B false false false true false false 0 false false false 0 false false true C false false false true false false 0 false false false 0 false false true D false false false true false false 0 false false false 0 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 3510000 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 false 0.0 0.0 0.0 false false 0 false true B false false true true false false 0.0 0.0 0.0 false false 0 false true A false true false false false false 0 false false false 0 false false true B false true false false false false 0 false false false 0 false false true A true B true 31500 MERIT SCHOLARSHIP EDUCATIONAL Schedule L, Part III Columns (A) and (B) - Reporting for Schools FAMILY MEMBERS OF CERTAIN BOARD MEMBERS RECEIVED MERIT SCHOLARSHIPS. ADDITIONALLY, FAMILY MEMBERS OF CERTAIN OFFICERS RECEIVED DISCOUNTED TUITION. 336 Other - Appraisals X 4629 Market value 55 3318282 Market value X Gifts in kind 13 25470 Market value 3 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 Founded in 1942, Fairfield University is a Jesuit Catholic institution rooted in the liberal arts and committed to educating students for lives of purpose and impact. The University offers more than 50 undergraduate majors, 31 interdisciplinary minors, and over 50 graduate programs including master's degrees, doctoral programs, and graduate certificates across a broad range of disciplines. In 2024, Fairfield University expanded its academic offerings through Fairfield Bellarmine, a two-year associate's degree program designed to broaden access to higher education and support student progression to bachelor's degree completion. The program's first cohort graduated in May 2025. Fairfield Bellarmine achieved a nearly 80 percent two-year graduation rate, significantly exceeding the current three-year graduation rate of under 20 percent for community colleges in Connecticut. Of the 35 graduates in the Class of 2025, approximately 90 percent matriculated into bachelor's degree programs at Fairfield University. Fairfield University serves as a significant educational, economic, and civic institution in Connecticut. As the largest private employer in the Town of Fairfield, the University plays a substantial role in regional workforce development and economic activity. A report from the Connecticut Conference of Independent Colleges (CCIC) estimates Fairfield University's annual economic contribution to the State of Connecticut at approximately $1.2 billion. The University also creates and supports approximately 9,000 jobs statewide. With more than 20,000 alumni residing and working in Connecticut-including 974 alumni-owned businesses-the University contributes meaningfully to the state's long-term economic growth and professional leadership pipeline. The University maintains active partnerships with 95 local nonprofit and community organizations and provides a steady pipeline of student interns, research collaboration, and professional development resources to industries across the region. Fairfield University is also a cultural and civic resource. During the past year, the University welcomed approximately 100,000 campus visitors for academic programs, arts performances, athletic competitions, and campus events, including 208 free events open to the public. The Regina A. Quick Center for the Arts presents nationally and internationally recognized performances and lectures, and the Fairfield University Art Museum's Walsh and Bellarmine Galleries present curated exhibitions that serve both educational and public audiences. Through Campus Ministry, the Center for Social Impact, and other University programs, students, faculty, and staff logged more than 45,000 hours of community service and civic engagement. Whether through community-engaged learning, volunteering with local and regional non-profits, mentoring youth, or supporting local businesses, Fairfield University continues to live its Jesuit mission of forming men and women for others. The University's academic quality and student outcomes are consistently recognized in national rankings. Fairfield is ranked No. 45 for Best Undergraduate Teaching and among the top private National Universities by U.S. News & World Report (2025), in the Top 20% nationally for Best Salaries and No. 63 for Student Experience by The Wall Street Journal, and once again in the top 1% nationally for long-term return on investment by Georgetown University's Center on Education and the Workforce. Institutional demand continues to grow. Applications for the Class of 2029 totaled 21,299-representing a 15% increase over the prior year and a 38% increase over two years-with applicants from 49 states and 92 countries. Form 990, Part III, Line 1 ORGANIZATION'S MISSION TO ESTABLISH, ORGANIZE, MAINTAIN AND CONDUCT AN INSTITUTION FOR 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. 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 CHAIR 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 DECEMBER 2025. 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 Trustees 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 - -98804; Total - -98804;