This committee is concerned with institution-wide planning at the University. It meets regularly to confer about the implementation of existing institutional plans, to examine issues of long-term planning, and to advise the President on matters of importance to the university community. A faculty member chosen by the faculty members of the committee reports to the Faculty at least once a year.
The membership of the Committee is as follows:
- President
 - Dean of the Faculty/Provost
 - Dean of the College
 - Vice President for Finance and Administration
 - 4 Faculty (one member each from the divisions of Natural Sciences and Mathematics, Social Sciences, Arts and Humanities, and University Studies), elected to staggered 3-year, nonrenewable terms
 - Chair of the FAC
 - Chair of the Faculty Affirmative Action Oversight Committee
 - One staff member (appointed by the President)
 - Elected faculty member of the Academic Affairs Board
 - Elected faculty member of the Student Affairs Board
 - Elected faculty member of the Committee on Budget and Financial Planning