Fairfield University

“Board of trustee members andrew j. Mcmahon and kristin d. Mcmahon are related through marriage (brother and sister-in-law).”

“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. 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 april 2022.”

“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'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.”

“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 coronaviris response and relief supplemental appropriations act (crrsaa) on december 27, 2020 and the american rescue plan (arp) on march 11, 2021. The university recognized $8,475,568 in grant revenue as a result of crrsaa and arp acts in fiscal year 2022. 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.”

“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 2021-2022 academic year was 4,525 undergraduates and 786 graduate students with approximately 3,416 students living in on-campus residences. Also included in our program services is a secondary preparatory school with an enrollment of approximately 761 students. Fairfield university welcomed 1,256 members of the class of 2025 and 33 transfer students to campus in the fall of 2021. The class of 2025 is a strong class, with an average sat score of 1310 under the new scoring system, higher than that of the class of 2024. 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. Fairfield university moved into the carnegie classification of institutions of higher education's doctoral universities category and entered the best national universities ranking for the first time placing among u.s news & world report's top 125 best national universities. The university was the top-ranked institution among schools that moved into the national universities category, placing at #115. Among private institutions in the national universities category, fairfield placed in the top 75. Fairfield university also earned the #29 spot among national universities ranked for best undergraduate teaching. U.s. News & world report also recognized fairfield among the top 50 for alumni giving rank, and among the top 100 for graduation and retention rates. In the best colleges for veterans category, fairfield placed in the top 75. The university's inaugural year on the best national universities list also included distinctions among schools and program specialty rankings. Fairfield's school of engineering and marion peckham egan school of nursing and health studies placed in the top 100 nationwide. Fairfield's charles f. Dolan school of business' undergraduate programs were ranked #164 on the best undergraduate business programs list, moving up two spots from last year. The business analytics program was ranked #15, finance #21, marketing was ranked #37, and accounting was ranked #39. In other national rankings, the princeton review has once again included fairfield university among the nation's best in its flagship guide, the best 388 colleges: 2023 edition. Additionally, the education services company placed fairfield at #23 nationally on its list of "best-run colleges." the princeton review reported the top 25 schools (of the 388 ranked) in each of 50 category rankings. Fairfield university placed in the top 15 percent of more than 1,500 colleges and universities in niche's 2023 best colleges in america ranking, and in the top 15 percent of top private universities in america. Fairfield was also ranked in the top 10 percent of best value colleges in america, and best college campuses in america. In the site's review of best catholic colleges, fairfield earned high marks among the top 10 percent, placing no. 13 out of 166 schools. Additionally, on the list of best colleges for nursing in america, fairfield was ranked no. 29 out of 762 (in the top 5 percent), and in the top 5 percent of best colleges for accounting and finance in america, at no. 46 out of 829. Statewide, fairfield earned the no. 1 spots for best colleges for accounting and finance in connecticut, and best colleges for nursing in connecticut. The university earned the no. 2 spot for best college campuses in connecticut, just behind yale, and placed no. 3 for best colleges for business in connecticut, colleges with the best student life in connecticut, and best college locations. Fairfield was also in the top 5 on the list of top private universities in connecticut, and best college dorms in connecticut. Other distinctions include placement among the”

“Change in split interest agreement -109,210.”