Resurrection University

“Form 990, Part VI, Line 6 The University shall have one member, which shall be the Parent Corporation (the "Member"). New members may be admitted only by the written consent of the sole Member.”

“Form 990, Part VI, Line 7a The annual meeting of the Member, for the purpose of approving the election of the Directors of the University of the Board and the transaction of such other business as shall properly come before the member, shall be held at such date, time, and place as shall be determined by the Chairperson of the Member, or on such other date, and at such time and place, as is determined in accordance with the Member's bylaws or by resolution of the Member's Board of Directors (the "Member Board"). The Member shall act hereunder by resolution of the Member Board or to the extent permitted by the Member's Bylaws or resolutions and the Illinois Not For Profit Corporation Act through action taken by resolution of any authorized Board committee or action of a senior management representative to whom the Member has appropriately delegated applicable approval or other power. Actions by the Member shall be appropriately documented in the Member's Board or committee minutes or other Member records, and communicated by the Member's President or Secretary to the University President or Board Chair.”

“Form 990, Part VI, Line 7b The University Board shall not be authorized to act in connection with the following without the approval of the Member: Acquisition of capital assets not included in the Annual Capital Budget required; The approval of a sale of significant assets, a merger, consolidation, reorganization, dissolution or liquidation with respect to the University, provided that, "significant assets" shall mean assets that are necessary for the operations of the University, unless such assets are sold in the ordinary course of business, pursuant to approved budgets, or replaced with substantially similar assets; The incurrence of any indebtedness or modification of any existing debt facility; provided, however, the University may enter into operating leases in the ordinary course of business from time to time without the consent of the Member; Invest in or acquire any debt or equity securities issued by any third party, other than investments within the guidelines of the investment policy established for the University consistent with the social responsibility and general prudent investment guidelines for all the Member's affiliate corporations and routine investment of excess cash or reserves; Amend the Articles of Incorporation of the University; Set up a subsidiary of the University or otherwise enter into a joint venture with an unrelated third party, or invest in or own all or a portion of the shares, securities, or equity interest in another entity; Select or modify any business name or logo of the University, including any assumed or d/b/a names; or Take any action not in the ordinary course of the University's business or any action that may adversely impact any of the Member's rights as a member of the University, whether pursuant to the Illinois Not for Profit Corporation Act or under these Bylaws.”

“Form 990, Part VI, Line 11b Prior to filing the Form 990, it is reviewed and approved by the University's Finance, Audit, and Compliance committee. The review involves an in-depth presentation by University staff to the Committee. The Committee will also review the overall accuracy and completeness of the 990. Prior to filing the Form 990, the draft return is also provided to the remaining voting members of the University's Governing Body. They will review the draft return for overall accuracy and completeness. The President and CFO will also review the 990 for overall accuracy and completeness.”

“Form 990, Part VI, Line 12c Any Director, Officer, committee member, or employee who has a financial or personal interest IN A CONTRACT OR OTHER TRANSACTION PRESENTED TO THE UNIVERSITY Board or a committee thereof, or to the University President or other authorized Officer for authorization, approval, or ratification, shall make a prompt and full disclosure of such interest to such authorizing body or Officer prior to such a body's or Officer's formal consideration of and action on such contract or transaction. Such disclosure shall include any relevant and material facts known to such person about the contract or transaction which might reasonably be construed to be adverse to the University's interest. If the disclosure is made to the University Board or a committee thereof by a University Board or committee member, such body shall determine, by a majority vote (at a meeting at which the person with the potential conflict is not present, except to the extent necessary to respond to questions regarding the potential conflict and does not vote), whether the disclosure shows that a conflict of interest exists or may reasonably be construed to exist. If a conflict is deemed to exist the Director or committee member having the conflict shall not vote on, nor use his or her personal influence on, nor be present or otherwise participate in, the discussions or deliberations with respect to such contract or transaction. Such person shall not be counted in determining the existence of a quorum at any meeting where the contract or transaction is under discussion. The minutes of the meeting shall reflect the disclosure made, any vote thereon and, where applicable, the abstention from voting and participation, and whether a quorum was present. Each Director, committee member, Officer, and key employee of the University shall complete an annual disclosure form as may be adopted from time to time by the University Board, for the purpose of disclosing any interest of such individual in any contract to which the University is a party or in any transaction, business relaitonship, or other matter in which the University is involved.”

“Form 990, Part VI, Line 15a COMPENSATION FOR THE UNIVERSITY'S PRESIDENT IS DETERMINED AND APPROVED ANNUALLY in AN EXECUTIVE SESSION OF THE BOARD OF DIRECTORS IN ACCORDANCE WITH WRITTEN POLICIES AND PROCEDURES ADOPTED BY ITS BOARD OF DIRECTORS. THE UNIVERSITY USES MARKET DATA PULLED FROM COMPENSATION FIGURES OF LOCAL AND LIKE-KIND HIGHER EDUCATION INSTITUTIONS TO ESTABLISH BASE SALARIES, BENEFITS, AND TOTAL COMPENSATION OPPORTUNITIES. THE BOARD OF DIRECTORS' REVIEW PROCESS AND DOCUMENTATION ARE FORMALIZED IN A LETTER TO THE DIRECTOR OF HR.”

“Form 990, Part VI, Line 15b COMPENSATION FOR OTHER OFFICERS AND OTHER EXECUTIVES ARE REVIEWED AND APPROVED BY THE BOARD THROUGH THE ANNUAL BUDGET PROCESS. THE UNIVERSITY HAS ENGAGED WITH AN INDEPENDENT CONSULTANT TO PERFORM A THOROUGH COMPENSATION REVIEW OF THE CURRENT EXECUTIVE TEAM DURING THE FISCAL YEAR 2015.”

“Form 990, Part VI, Line 19 No documents ARE available to the public.”