Peruna Holdings Corporation

“Line 13 - for fy 2015, whistleblowers would use the whistleblower policy of the sole member, southern methodist university. Line 15a and line 15b - peruna holdings corporation is a supporting organization for southern methodist university, a 501(c)(3) tax exempt organization. The officers receive employment compensation from southern methodist university.”

“Southern methodist university is the sole member of the corporation.”

“An electronic copy of the completed form 990 is provided to the organization's governing body sufficiently in advance of the filing deadline for a detailed and conscientious review by all officers. All questions and concerns of the governing body are addressed and incorporated into the form 990 as required.”

“The conflict of interest information is gathered by and for southern methodist university (smu), the sole member of the corporation. Smu's conflict of interest policy applies to subsidiaries and affiliates of smu. Pursuant to the smu conflict of interest policy relating to trustees, members of board committees, executive officers and deans, each covered person completes a conflict of interest disclosure form annually. These disclosures are reviewed by a board of trustees conflicts committee. The committee reviews the material facts and decides whether such facts give rise to a conflict of interest and, if so, whether such conflict of interest should be approved or disapproved. With respect to any other smu employees with authority to sign contracts or who otherwise play a substantive role in the contract approval process for financial and other commercial commitments of the university, each such person must complete a conflict of interest disclosure form annually. These disclosures are reviewed by the general counsel. Upon review of all material facts, the general counsel must decide whether such facts give rise to a conflict of interest and, if so, whether such conflict of interest should be approved or disapproved. The general counsel provides a written report of all such determinations to the board conflicts committee.”

“The organization does not make its governing documents, conflict of interest policy and financial statements available to the public.”

“Peruna holdings corporation is a supporting organization for southern methodist university. The officers are all full time employees of southern methodist university and work as needed on peruna holdings corporation.”

“Part iv line 28c - peruna holdings corporation is a supporting organization for southern methodist university. Some officers of peruna holdings corporation are also officers of southern methodist university. Any transactions between southern methodist university and peruna holdings corporation are identified in schedule r, part v.”

“The financial statements for peruna holdings corporation were included in the audited consolidated financial statements for southern methodist university. The audit committee for southern methodist university, the supported organization, is responsible for reviewing the consolidated audited financial statements and accompanying footnotes which include peruna holdings corporation. During the audit committee meeting, the committee members are given an opportunity to ask questions of management and the audit firm. Significant transactions are highlighted in the executive summary.”