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, 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 recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement. The last time of review was june 2020 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.”

“The purpose of Fairfield University is 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. COVID-19 IMPACT IN RESPONSE TO COVID-19, THE UNITED STATES CONGRESS PASSED THE CORONAVIRUS AID, RELIEF AND ECONOMIC SECURITY (CARES) ACT ON MARCH 27, 2020. THE UNIVERSITY RECOGNIZED $1,564,000 IN GRANT REVENUE AS A RESULT OF THE CARES ACT. THE FUNDS WERE USED TO AWARD COVID-19 RELIEF AID TO STUDENTS, AS WELL AS, TO OFFSET COSTS INCURRED BY THE UNIVERSITY RELATED TO COVID-19, INCLUDING ADJUSTMENTS TO ROOM AND BOARD. THE UNIVERSITY ISSUED $9,369,122 OF ROOM AND BOARD ADJUSTMENTS IN 2020 AS A RESULT OF THE CAMPUS CLOSURE DUE TO THE CORONAVIRUS (COVID-19) PANDEMIC. ISSUED $9,369,122 OF ROOM AND BOARD ADJUSTMENTS IN 2020 AS A RESULT OF THE CAMPUS CLOSURE DUE TO THE CORONAVIRUS (COVID-19) PANDEMIC.”

“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 2019-2020 ACADEMIC YEAR WAS 4,208 UNDERGRADUATES AND 645 GRADUATE STUDENTS WITH APPROXIMATELY 3,156 STUDENTS LIVING IN ON-CAMPUS RESIDENCES. ALSO INCLUDED IN OUR PROGRAM SERVICES IS A SECONDARY PREPARATORY SCHOOL WITH AN ENROLLMENT OF APPROXIMATELY 770 STUDENTS. FAIRFIELD UNIVERSITY WELCOMED 1,176 MEMBERS OF THE CLASS OF 2023 AND 46 TRANSFER STUDENTS TO CAMPUS IN THE FALL OF 2019. THE CLASS OF 2023 IS A STRONG CLASS, WITH AN AVERAGE SAT SCORE OF 1280, SLIGHTLY HIGHER THAN THAT OF THE CLASS OF 2022. 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: Fairfield University was once again recognized in the annual U.S. News and World Report (USNWR) Best Colleges 2020 rankings, placing #3 for Best Regional Universities in the North. Other regional distinctions for Fairfield include No. 1 spot at the top of USNWRs Best Undergraduate Teaching list, and No. 2 Most Innovative School. Fairfield also ranked No. 9 for Student Success-Service Learning, and on USNWRs list of 2020 Academic Programs to Look For, tying with the University of Notre Dame. Fairfield earned places on USNWRs list of Best Engineering Programs and Best Undergraduate Business Programs. In other national rankings, Fairfield ranked in the top 100 for all private institutions and top 150 overall on the Forbes list of Americas Top Colleges. The Princeton Review named Fairfield among the Best 385 Colleges in its annual 2020 college rankings, where the University placed No. 14 for Best Alumni Network, No. 14 for Best Schools for internships, No. 16 for its location in the town of Fairfield, and No. 19 for Happiest Students. In The Wall Street Journal/Times Higher Education rankings for 2020, Fairfield placed in the top quartile, ranked among the top 200, and placed high in the engagement category, and in the top 20% of schools for outcomes. Egan School of Nursing and Health Studies Ranked No. 7 nationally in College Factual's 2020 'Best Colleges Ranking', placing the Egan School in the top 5 percent of programs in the country. The Egan school was also ranked No. 1 in Connecticut for its nursing program, and was recognized nationally for producing the top 5 percent highest paid graduates in the health professions. Fairfields student-athletes achieved one of the highest graduation rates in the nation by the NCAA - a 96 percent graduation success rate (GSR) for a 4 year cohort of student-athletes. Eleven sports at Fairfield University achieved a 100 percent graduation rate.”

“Auxiliary services include the costs of room and board for approximately 3,156 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 split interest agreement (118,243) uncollectible pledges write-off (316,715) --------- total (434,958)”