Fairfield University

“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 reviewed and approved by the vice president for finance before it is forwarded to the finance and audit committee.”

“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 march 2018 during the board meeting.”

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

“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.”

“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 2018-2019 ACADEMIC YEAR WAS 4,051 UNDERGRADUATES AND 680 GRADUATE STUDENTS WITH APPROXIMATELY 3,011 STUDENTS LIVING IN ON-CAMPUS RESIDENCES. ALSO INCLUDED IN OUR PROGRAM SERVICES IS A SECONDARY PREPARATORY SCHOOL WITH AN ENROLLMENT OF APPROXIMATELY 806 STUDENTS. FAIRFIELD UNIVERSITY WELCOMED 1,091 MEMBERS OF THE CLASS OF 2022 AND 37 TRANSFER STUDENTS TO CAMPUS IN THE FALL OF 2018. THE CLASS OF 2022 IS A STRONG CLASS, WITH AN AVERAGE SAT SCORE OF 1270, SLIGHTLY HIGHER THAN THAT OF THE CLASS OF 2021. 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. RECOGNITION OF QUALITY AND VALUE: IN 2019, U.S. NEWS & WORLD REPORT NAMED FAIRFIELD THE NUMBER THREE RANKED UNIVERSITY IN THE NORTHERN REGION, AND THE PRINCETON REVIEW INCLUDED FAIRFIELD AMONG ITS BEST VALUE COLLEGES. ADDITIONALLY, FAIRFIELD GRADUATES HAVE THE SECOND HIGHEST STARTING SALARY IN CONNECTICUT, SECOND ONLY TO YALE, ACCORDING TO COLLEGE SCORECARD, AND MONEY MAGAZINE PLACED FAIRFIELD AMONG THE TOP 100 PRIVATE UNIVERSITIES AND IN THE TOP 50 MOST TRANSFORMATIVE UNIVERSITIES. SEVERAL PROGRAMS ACROSS THE UNIVERSITY ARE IN COLLEGE FACTUALS TOP 5% IN THE COUNTRY, INCLUDING ACCOUNTING, COMMUNICATIONS, MARKETING AND NURSING. FAIRFIELD HAS ALSO BEEN RECOGNIZED BY THE FOLLOWING PUBLICATIONS AND ORGANIZATIONS: WALL STREET JOURNAL/TIMES HIGHER EDUCATION BEST COLLEGES, FORBES MAGAZINE'S AMERICAN'S TOP COLLEGEs, KIPLNGER'S PERSONAL BEST COLLEGE VALUES, NEW YORK TIMES' "TOP COLLEGES DOING THE MOST FOR THE AMERICAN DREAM". THE FAIRFIELD STAGS CONTINUE TO DEMONSTRATE PROWESS ON BOTH THE FIELD AND IN THE CLASSROOM IN DATA RELEASED BY THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION: FAIRFIELD HAS THE SECOND HIGHEST GRADUATION SUCCESS RATE (GSR) IN THE METRO ATLANTIC ATHLETIC CONFERENCE (MAAC), AND AMONG THE TOP 24 SCHOOLS IN THE NATION. FAIRFIELD HAD A GSR OF 96 PERCENT WITH 11 SPORTS AT FAIRFIELD UNIVERSITY ACHIEVING A 100% GRADUATION RATE.”

“Auxiliary services include the costs of room and board for approximately 3,011 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 an apartment style residence hall.”

“Other changes in net assets: change in value of post retirement benefits $(142,986)”