2024-04-14T14:46:32-05:00 2023-05-31 FORVIS LLP 201 N Illinois Street Indianapolis IN 46204 990 2022-06-01 356016441 BUTLER FOUNDATION % BUTLER UNIV BUSINESS OFFICE BUTL 3179409779 4600 SUNSET AVENUE INDIANAPOLIS IN 46208 BRUCE E ARICK VP FINANCE AND ADMIN 3179409779 2024-04-15 true BRUCE E ARICK 999009999 NICOLE B FISHBACK P01279475 3173834000 2024-04-15 2 2022 2023-04-26 12:10:37Z JAMES M DANKO 4600 SUNSET AVENUE INDIANAPOLIS IN 46208 338690 false X WWW.BUTLER.EDU X 1921 IN TO FACILITATE RECEIPT OF LIFE INCOME GIFTS FOR FUTURE BENEFIT OF BUTLER UNIVERSITY. 30 30 0 0 0 0 0 0 0 701712 216198 0 0 701712 216198 0 0 0 0 0 0 0 0 0 3430 0 3430 0 698282 216198 3152585 3133154 1269201 1173739 1883384 1959415 TO FACILITATE RECEIPT OF LIFE INCOME GIFTS FOR FUTURE BENEFIT OF BUTLER UNIVERSITY. false false 0 0 BUTLER FOUNDATION WORKS CLOSELY WITH BUTLER UNIVERSITY TO SUPPORT THE ADVANCEMENT, ENDOWMENT OPPORTUNITIES, AND ONGOING OPERATIONS OF BUTLER UNIVERSITY. 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BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. false false false false false false false false false SUSAN WESTERMEYER CONTROLLER/ASST TREASURER 0 133294 0 0 0 0 0 13329 0 12671 0 159294 CLAIRE AIGOTTI GENERAL COUNSEL/ASST SECRETARY 0 274662 0 0 0 151 0 27466 0 16144 0 318423 James Danko PRESIDENT 0 567367 0 157658 0 66968 0 51493 0 7937 0 851423 Bruce Arick VP FINANCE & ADMIN/ASST TREAS. 0 290957 0 0 0 750 0 29096 0 16050 0 336853 Form 990, Schedule J, Part I, Line 3 COMPENSATION ESTABLISHED BY A RELATED ORGANIZATION: COMPENSATION IS PAID AND ESTABLISHED BY BUTLER UNIVERSITY USING THEIR FORMAL COMPENSATION POLICY. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW 990: BUTLER FOUNDATION'S BOARD OF DIRECTORS HAS FORMALLY DELEGATED AUTHORITY FOR THE REVIEW OF ITS FORM 990 TO THE BUTLER UNIVERSITY STEWARDSHIP COMMITTEE. IN ADDITION, BUTLER'S OUTSIDE ACCOUNTING FIRM REVIEWED THE FORM 990 PRIOR TO FILING. BUTLER UTILIZED THIS PROCESS TO ENSURE THAT ITS FORM 990 RECEIVED SUBSTANTIVE REVIEW BY DIRECTORS AND PROFESSIONALS WITH SPECIFIC KNOWLEDGE OF BUTLER'S ACTIVITIES AND EXTENSIVE FINANCIAL, ACCOUNTING AND TAX EXPERTISE. BUTLER PROVIDED A COMPLETE COPY OF THE RETURN TO THE ENTIRE BOARD PRIOR TO FILING THE TAX RETURN. FORM 990, PART VI, SECTION B, LINE 12C PROCESS FOR MONITORING COMPLIANCE WITH CONFLICT OF INTEREST POLICY: BUTLER FOUNDATION HAS ADOPTED A CONFLICT OF INTEREST POLICY THAT REQUIRES DIRECTORS AND OFFICERS TO SUBMIT AN ANNUAL CONFLICT OF INTEREST DISCLOSURE. THE ANNUAL DISCLOSURE REQUIRES DIRECTORS AND OFFICERS TO DISCLOSE, IN WRITING, ANY KNOWN FINANCIAL INTEREST THAT THE INDIVIDUAL (TOGETHER WITH FAMILY MEMBERS) HAS IN ANY BUSINESS ENTITY THAT TRANSACTS BUSINESS WITH BUTLER FOUNDATION. IN ADDITION, DIRECTORS AND OFFICERS ARE REQUIRED TO IMMEDIATELY DISCLOSE ANY POSSIBLE CONFLICT OF INTEREST THAT ARISES MID-YEAR IN RELATION TO A PROPOSED TRANSACTION. THE CONFLICT OF INTEREST POLICY REQUIRES THAT ANY INDIVIDUAL WITH A CONFLICT BE RECUSED FROM THE DECISION-MAKING PROCESS, THAT INDEPENDENT DIRECTORS OR COMMITTEE MEMBERS DETERMINE THAT THE PROPOSED TRANSACTION IS IN THE BEST INTERESTS OF BUTLER FOUNDATION, AND THE TRANSACTION MUST BE APPROVED BY A VOTE OF THE INDEPENDENT DIRECTORS OR COMMITTEE MEMBERS WITHOUT THE PARTICIPATION OF ANY INTERESTED INDIVIDUAL. THE ANNUAL CONFLICT DISCLOSURE STATEMENTS ARE SUBMITTED TO, AND REVIEWED BY, THE STEWARSHIP COMMITTEE, COMPOSED OF INDEPENDENT OUTSIDE DIRECTORS. IN ADDITION, THE EXECUTIVE STAFF OF BUTLER UNIVERSITY IS RESPONSIBLE FOR MONITORING ANY POSSIBLE CONFLICT TRANSACTIONS THAT ARISE AND MANAGING THEM TO ENSURE THAT ALL TRANSACTIONS REPRESENT ARMS' LENGTH, FAIR MARKET VALUE TERMS FOR THE BENEFIT OF BUTLER FOUNDATION. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF GOVERNING DOCUMENTS, FORM 990, AND FINANCIAL STATEMENTS: THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS (FILED ON A CONSOLIDATED BASIS WITH BUTLER UNIVERSITY) ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION MAKES THE FORM 990 AVAILABLE UPON REQUEST AT THE UNIVERSITY'S BUSINESS OFFICE. THE FORM 990 IS ALSO AVAILABLE AT WWW.GUIDESTAR.ORG. BUTLER UNIVERSITY 4600 SUNSET AVENUE INDIANAPOLIS IN 46208 350867977 EDUCATION IN 501(C)(3) 2 NA false CHARITABLE REMAINDER TRUST (5) CRUT CA NA TRUST false false false false false false false false false false false false false false false false false false false false