Fairfield University

“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.”

“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.”

“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.”

“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.”

“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.”

“Governing documents such as financial statements, conflict of interest policy and whistleblower policy are available on the university's website and also by request.”

“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. Fairf”

“Change in value of split-interest agreements - -141356;”