 Both schools are operated under the auspices of the Roman Catholic Archdiocese of Newark.In 1942, Fairleigh Dickinson University was founded in Rutherford as a two-year college, anchored by the Iviswold Castle on Montross Avenue, which was built in the 1880s as a summer home by David B. Ivison.After FDU expanded to a four-year college and then to offering graduate programs, it acquired other, larger campuses, and eventually left Rutherford, offering the campus for sale due to financial difficulties.