THE GILBERT AND ILDIKO BUTLER FAMILY FOUNDATION: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: THE GILBERT AND ILDIKO BUTLER FAMILY FOUNDATION (EIN 27-0141384)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2013-02-01
IRS object ID: 201300329349100410
Schema version: 2011v1.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Accounting Fees Schedule
Investments Other Schedule2
Legal Fees Schedule
Other Assets Schedule
Other Expenses Schedule
Other Income Schedule2
Other Increases Schedule
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-02-01T14:03:42-06:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	113266576	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	GRASSI & CO CPA'S PC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	488 MADISON AVENUE	AddressLine1
City	NEW YORK	City
State	NY	State
ZIP Code	10022	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	270141384	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	THE GILBERT AND ILDIKO BUTLER	BusinessNameLine1
Business Name Line2	FAMILY FOUNDATION INC	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	GILB	NameControl
Phone	2123030214	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	60 CUTTER MILL ROAD NO 212	AddressLine1
City	GREAT NECK	City
State	NY	State
ZIP Code	11021	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DHRUVIKA PATEL AMIN	Name
Title	CONTROLLER	Title
Phone	2123030214	Phone
Date Signed	2013-02-01	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	ANTHONY DATTOMA	Name
PTIN	P00237982	PTIN
Phone	2128321110	Phone

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	9739337	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Not Required To Attach Schedule B	X	NotRequiredToAttachScheduleB
Interest On Savings Rev And Expnss	35235	InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm	35235	InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss	239448	DividendsRevAndExpnss
Dividends Net Invst Incm	239448	DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss	8539	NetGainSaleAssetsRevAndExpnss
Capital Gain Net Incm Net Invst Incm	8539	CapitalGainNetIncmNetInvstIncm
Other Income Rev And Expnss	8143	OtherIncomeRevAndExpnss
Other Income Net Invst Incm	8143	OtherIncomeNetInvstIncm
Total Revenue And Expenses	291365	TotalRevenueAndExpenses
Total Net Investment Income	291365	TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss	0	CompOfcrDirTrstRevAndExpnss
Comp Ofcr Dir Trst Net Invst Incm	0	CompOfcrDirTrstNetInvstIncm
Comp Ofcr Dir Trst Dsbrs Chrtbl Prps	0	CompOfcrDirTrstDsbrsChrtblPrps
Legal Fees Rev And Expnss	2295	LegalFeesRevAndExpnss
Legal Fees Net Invst Incm	1148	LegalFeesNetInvstIncm
Legal Fees Dsbrs Chrtbl Prps	1147	LegalFeesDsbrsChrtblPrps
Accounting Fees Rev And Expnss	5767	AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm	2883	AccountingFeesNetInvstIncm
Accounting Fees Dsbrs Chrtbl Prps	2884	AccountingFeesDsbrsChrtblPrps
Other Prof Fees Rev And Expnss	134305	OtherProfFeesRevAndExpnss
Other Prof Fees Net Invst Incm	125873	OtherProfFeesNetInvstIncm
Other Prof Fees Dsbrs Chrtbl Prps	8432	OtherProfFeesDsbrsChrtblPrps
Interest Rev And Expnss	22573	InterestRevAndExpnss
Interest Net Invst Incm	22573	InterestNetInvstIncm
Interest Dsbrs Chrtbl Prps	0	InterestDsbrsChrtblPrps
Taxes Rev And Expnss	13572	TaxesRevAndExpnss
Taxes Net Invst Incm	10262	TaxesNetInvstIncm
Taxes Dsbrs Chrtbl Prps	0	TaxesDsbrsChrtblPrps
Other Expenses Rev And Expnss	1057	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	1057	OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps	0	OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss	179569	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	163796	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	12463	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	260718	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	260718	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	440287	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	163796	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	273181	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-148922	ExcessOfRevenueOverExpenses
Net Investment Income	127569	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	1968709	CashBOY
Cash EOY	8030	CashEOY
Cash EOYFMV	8030	CashEOYFMV
Savings And Temp Cash Invst BOY	458471	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	748793	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	748793	SavingsAndTempCashInvstEOYFMV
Investments Other BOY	6386230	InvestmentsOtherBOY
Investments Other EOY	8745717	InvestmentsOtherEOY
Investments Other EOYFMV	8745717	InvestmentsOtherEOYFMV
Other Assets BOY	0	OtherAssetsBOY
Other Assets EOY	236797	OtherAssetsEOY
Other Assets EOYFMV	236797	OtherAssetsEOYFMV
Total Assets BOY	8813410	TotalAssetsBOY
Total Assets EOY	9739337	TotalAssetsEOY
Total Assets EOYFMV	9739337	TotalAssetsEOYFMV
Accounts Payable BOY	21914	AccountsPayableBOY
Accounts Payable EOY	171	AccountsPayableEOY
Total Liabilities BOY	21914	TotalLiabilitiesBOY
Total Liabilities EOY	171	TotalLiabilitiesEOY
Org That Follow SFAS117	X	OrgThatFollowSFAS117
Unrestricted BOY	8791496	UnrestrictedBOY
Unrestricted EOY	9739166	UnrestrictedEOY
Total Net Assets BOY	8791496	TotalNetAssetsBOY
Total Net Assets EOY	9739166	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	8813410	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	9739337	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	8791496	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-148922	ExcessOfRevenueOverExpenses
Other Increases	1096592	OtherIncreases
Subtotal	9739166	Subtotal
Other Decreases	0	OtherDecreases
Total Net Assets Fund Balances EOY	9739166	TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (9 entries)

Description Of AssetDescriptionOfAsset	How AcquiredHowAcquired	Gain Or LossGainOrLoss	Gains Minus Excess Or LossesGainsMinusExcessOrLosses
JPMORGAN CHASE BANK	P	-364433	-364433
JPMORGAN CHASE BANK	P	-4418	-4418
RBC DAIN RAUSCHER #304-32169	P	95637	95637
RBC DAIN RAUSCHER #310-21400	P	-1867	-1867
RBC DAIN RAUSCHER #310-21400	P	148740	148740
BAROMETER (USD ACCOUNT)	P	12038	12038
BAROMETER (CAD ACCOUNT)	P	134272	134272
MORGAN CREEK ABSOLUTE RETURN FUND	P	-14224	-14224
MORGAN CREEK DISLOCATION OFFSHORE FUND	P	2794	2794

Field	Value	IRS element (for citing)
Capital Gain Net Income	8539	CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	0	LiableFor4942Tax
Qualifying Distributions Year1	321910	QualifyingDistributionsYear1
Noncharitable Assets Year1	7957607	NoncharitableAssetsYear1
Distribution Ratio Year1	0.040453	DistributionRatioYear1
Qualifying Distributions Year2	388075	QualifyingDistributionsYear2
Noncharitable Assets Year2	6927328	NoncharitableAssetsYear2
Distribution Ratio Year2	0.056021	DistributionRatioYear2
Qualifying Distributions Year3	376929	QualifyingDistributionsYear3
Noncharitable Assets Year3	8941555	NoncharitableAssetsYear3
Distribution Ratio Year3	0.042155	DistributionRatioYear3
Qualifying Distributions Year4	410620	QualifyingDistributionsYear4
Noncharitable Assets Year4	7269794	NoncharitableAssetsYear4
Distribution Ratio Year4	0.056483	DistributionRatioYear4
Qualifying Distributions Year5	81320	QualifyingDistributionsYear5
Noncharitable Assets Year5	1861774	NoncharitableAssetsYear5
Distribution Ratio Year5	0.043679	DistributionRatioYear5
Total Distribution Ratio	0.238791	TotalDistributionRatio
Average Distribution Ratio	0.047758	AverageDistributionRatio
Net Noncharitable Assets	9148302	NetNoncharitableAssets
Adjusted Noncharitable Assets	436905	AdjustedNoncharitableAssets
One Percent Net Investment Income	1276	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	438181	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	273181	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Investment Income Excise Tax	2551	InvestmentIncomeExciseTax
Tax Under Section511	0	TaxUnderSection511
Subtotal	2551	Subtotal
Subtitle A Tax	0	SubtitleATax
Tax Based On Investment Income	2551	TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment	15855	EstTaxPaymentsAndOverpayment
Total Credits And Payments	15855	TotalCreditsAndPayments
Overpayment	13304	Overpayment
Amount Credited To Next Year	13304	AmountCreditedToNextYear
Amount To Be Refunded	0	AmountToBeRefunded

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	0	LegislativePoliticalActivities
More Than100 Spent	0	MoreThan100Spent
Form1120 POL Filed	0	Form1120POLFiled
Sect4955 Tax On Organization	0	Sect4955TaxOnOrganization
Sect4955 Tax On Managers	0	Sect4955TaxOnManagers
Reimbursement Of Tax	0	ReimbursementOfTax
Activities Not Prev Reported	0	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	0	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	1	UnrelatedBusIncomeOver1000
Form990 T Filed	1	Form990TFiled
Termination Etc	0	TerminationEtc
Requirements Of Sect508e	1	RequirementsOfSect508e
At Least5000 In Assets	1	AtLeast5000InAssets
States Filed With	MA	StatesFiledWith
Form990 PF Filed With AG	1	Form990PFFiledWithAG
Private Operating Foundation	0	PrivateOperatingFoundation
New Substantial Contributors	0	NewSubstantialContributors
Interest In Controlled Entity	0	InterestInControlledEntity
Applicable Insurance Contract	0	ApplicableInsuranceContract
Comply With Public Inspection Rqr	1	ComplyWithPublicInspectionRqr
Website Address	N/A	WebsiteAddress
Books In Care Of Person Name	GILBERT ILDIKO BUTLER FAMILY FDN	BooksInCareOfPersonName
Books In Care Of Phone Number	2123030214	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	60 CUTTER MILL ROAD SUITE 212	AddressLine1
City	GREAT NECK	City
State	NY	State
ZIP Code	11021	ZIPCode

Field	Value	IRS element (for citing)
Foreign Bank	0	ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

Field	Value	IRS element (for citing)
Sale Or Exchange With Dsqfly Person	0	SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person	0	BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person	1	FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person	1	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	0	TransferAssetsToDsqflyPerson
Payment To Government Offical	0	PaymentToGovernmentOffical
Acts Fail To Qualify As Exceptions	0	ActsFailToQualifyAsExceptions
Uncorrected Prior Acts	0	UncorrectedPriorActs
Undistributed Income Prior Years	0	UndistributedIncomePriorYears
Business Holdings	0	BusinessHoldings
Jeopardy Investments	0	JeopardyInvestments
Uncorrected Jeopardy Investments	0	UncorrectedJeopardyInvestments
Influence Legislation	0	InfluenceLegislation
Influence Election	0	InfluenceElection
Grants To Individuals	0	GrantsToIndividuals
Grants To Organizations	0	GrantsToOrganizations
Noncharitable Purpose	0	NoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft Contract	0	RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract	0	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	0	ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (7 entries)

Address Line1USAddress/AddressLine1	Address Line2USAddress/AddressLine2	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitle	Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition	CompensationCompensation	Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc	Expense Account Other AllowancesExpenseAccountOtherAllowances
GILBERT BUTLER
C/O GILBERT ILDIKO BUTLER FAMILY	FOUNDATION 60 CUTTER MILL ROAD	GREAT NECK	NY	11021	PRESIDENT/TREASURER	1.00	0	0	0
ILDIKO BUTLER
C/O GILBERT ILDIKO BUTLER FAMILY	FOUNDATION 60 CUTTER MILL ROAD	GREAT NECK	NY	11021	DIRECTOR	0.50	0	0	0
EMILY RAFFERTY
C/O GILBERT ILDIKO BUTLER FAMILY	FOUNDATION 60 CUTTER MILL ROAD	GREAT NECK	NY	11021	DIRECTOR	0.50	0	0	0
WINTHROP RUTHERFURD JRESQ
C/O GILBERT ILDIKO BUTLER FAMILY	FOUNDATION 60 CUTTER MILL ROAD	GREAT NECK	NY	11021	DIRECTOR/SECRETARY	0.50	0	0	0
MELISSA BUTLER
C/O GILBERT ILDIKO BUTLER FAMILY	FOUNDATION 60 CUTTER MILL ROAD	GREAT NECK	NY	11021	DIRECTOR	0.50	0	0	0
FRED BUTLER
C/O GILBERT ILDIKO BUTLER FAMILY	FOUNDATION 60 CUTTER MILL ROAD	GREAT NECK	NY	11021	DIRECTOR	0.50	0	0	0
LISA GARVEY
C/O GILBERT ILDIKO BUTLER FAMILY	FOUNDATION 60 CUTTER MILL ROAD	GREAT NECK	NY	11021	VP OF FINANCE/ ADMINISTRAT	1.00	0	0	0

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k	0	TotNumberOfOthEmplPaidOver50k

Compensation Of Hghst Paid Cntrct CompensationOfHghstPaidCntrct (2 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	Type Of ServiceTypeOfService	CompensationCompensation
BLACK RIVER MANAGEMENT CO
60 CUTTER MILL ROAD SUITE 212	GREAT NECK	NY	11021	ADVISORY FEES	89010
BLACK RIVER MANAGEMENT CO
60 CUTTER MILL ROAD SUITE 212	GREAT NECK	NY	11021	ADMINISTRATIVE AND ACCOUNTING FEES	14430

Field	Value	IRS element (for citing)
Tot Number Of Cntrct Paid Over50k	0	TotNumberOfCntrctPaidOver50k

Sum Of Program Related Investments SumOfProgramRelatedInvestments

Field	Value	IRS element (for citing)
Total	0	Total

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	9262433	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	25183	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	9287616	TotalFMVOfUnusedAssets
Reduction Claimed	0	ReductionClaimed
Acquisition Indebtedness	0	AcquisitionIndebtedness
Adj Total FMV Of Unused Assets	9287616	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	139314	CashDeemedCharitable
Net Noncharitable Assets	9148302	NetNoncharitableAssets
Minimum Investment Return	457415	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	457415	MinimumInvestmentReturn
Tax Based On Investment Income	2551	TaxBasedOnInvestmentIncome
Total Tax	2551	TotalTax
Distributable Amount Before Adj	454864	DistributableAmountBeforeAdj
Recoveries Qlfy Distributions	0	RecoveriesQlfyDistributions
Distributable Amount Before Ded	454864	DistributableAmountBeforeDed
Deduction Fr Distributable	$0	DeductionFrDistributableAmount
Distributable Amount As Adjusted	454864	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	273181	ExpensesAndContributions
Program Related Investments Total	0	ProgramRelatedInvestmentsTotal
Qualifying Distributions	273181	QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm	0	OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions	273181	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	454864	DistributableAmountAsAdjusted
Undistributed Income Prior Year	5382	UndistributedIncomePriorYear
Total For Prior Years	0	TotalForPriorYears
Total Excess Distri Carryover	0	TotalExcessDistriCarryover
Qualifying Distributions	273181	QualifyingDistributions
Applied To Year1	5382	AppliedToYear1
Applied To Prior Years	0	AppliedToPriorYears
Treated As Distri From Corpus	0	TreatedAsDistriFromCorpus
Applied To Current Year	267799	AppliedToCurrentYear
Remaining Distri From Corpus	0	RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus	0	ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY	0	ExcessDistriCyovAppliedCY
Total Corpus	0	TotalCorpus
Prior Year Undistributed Income	0	PriorYearUndistributedIncome
Prior Year Deficiency Or Tax	0	PriorYearDeficiencyOrTax
Taxable Amount1	0	TaxableAmount1
Taxable Amount2	0	TaxableAmount2
Undistributed Income CY	187065	UndistributedIncomeCY
Distri From Corpus170b1 E Or4942g3	0	DistriFromCorpus170b1EOr4942g3
Excess Distri Cyov From Year5	0	ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year	0	ExcessDistriCyovToNextYear

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	GILBERT BUTLER	ContributingManager
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (54 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationship	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount	Address Line2RecipientUSAddress/AddressLine2	Address Line1RecipientForeignAddress/AddressLine1	Province Or StateRecipientForeignAddress/ProvinceOrState	CountryRecipientForeignAddress/Country
AMERICAN FRIENDS OF THE LOUVRE
60 FIFTH AVENUE	NEW YORK	NY	10011	NONE	PUBLIC CHARITY	CULTURAL	$100
BAR HARBOR FOOD PANTRY
36 MOUNT DESERT STREET PO BOX 434	BAR HARBOR	ME	04609	NONE	PUBLIC CHARITY	SOCIAL PROGRAM	$200
BEATRIX FARRAND SOCIETY
PO BOX 111	MT DESERT	ME	04660	NONE	PUBLIC CHARITY	EDUCATION	$500
BLACK WATCH COUNCIL
PO BOX 390	TICONDEROGA	NY	12883	NONE	PUBLIC CHARITY	CULTURAL	$270
BUDAPEST FESTIVAL ORCHESTRA
FDR STATION PO BOX 1642	NEW YORK	NY	10150	NONE	PUBLIC CHARITY	CULTURAL	$1,313
CAMP BEACH CLIFF
1157 MAIN STREET	MT DESERT	ME	04660	NONE	PUBLIC CHARITY	ENVIRONMENT PROGRAM	$360
CATHOLIC CHARITIES
1011 FIRST AVENUE	NEW YORK	NY	10022	NONE	PUBLIC CHARITY	CULTURAL	$500
CHAMBER MUSIC SOCIETY OF UTICA
BLUE BARN BEND 463 PARTRIDGE HILL	BARNEVELD	NY	13304	NONE	PUBLIC CHARITY	CULTURAL	$10,000	ROAD
CITIZENS COMMITTEE FOR CHILDREN
105 EAST 22ND STREET	NEW YORK	NY	10010	NONE	PUBLIC CHARITY	SOCIAL PROGRAM	$500
COMMUNITY LIBRARY
PO BOX 2168 415 SPRUCE AVENUE	KETCHUM	ID	83340	NONE	PUBLIC CHARITY	EDUCATION	$10,000
COOKE CENTER FOR LEARNING
475 RIVERSIDE DRIVE SUITE 730	NEW YORK	NY	10115	NONE	PUBLIC CHARITY	EDUCATION	$500
CORNELIA CONNELLY CENTER
220 EAST 4TH STREET	NEW YORK	NY	10009	NONE	PUBLIC CHARITY	EDUCATION	$500
DOCTORS WITHOUT BORDERS
333 SEVENTH AVENUE 2ND FLOOR	NEW YORK	NY	10001	NONE	PUBLIC CHARITY	SOCIAL PROGRAM	$20,000
FORDHAM UNIVERSITY
441 EAST FORDHAM ROAD	NEW YORK	NY	10458	NONE	PUBLIC CHARITY	EDUCATION	$10,000
FOREIGN POLICY ASSOCATION
470 PARK AVENUE SOUTH	NEW YORK	NY	10016	NONE	PUBLIC CHARITY	SOCIAL PROGRAM	$2,500
FRENCH INSTITUTE OF ALLIANCE
22 EAST 60TH STREET	NEW YORK	NY	10022	NONE	PUBLIC CHARITY	EDUCATION	$5,000
FRESH AIR FUND
633 THIRD AVENUE 14TH FLOOR	NEW YORK	NY	10014	NONE	PUBLIC CHARITY	ENVIORNMENTAL PROGRAM	$10,500
FRICK COLLECTION
1 EAST 70TH STREET	NEW YORK	NY	10021	NONE	PUBLIC CHARITY	EDUCATION	$140
FRIENDS OF ACADIA
PO BOX 45	BAR HARBOR	ME	04609	NONE	PUBLIC CHARITY	SOCIAL PROGRAM	$12,600
FRIENDS OF CARNEGIE HALL
881 SEVENTH AVENUE	NEW YORK	NY	10019	NONE	PUBLIC CHARITY	CULTURAL	$2,500
FRIENDS OF UPPER EAST SIDE
966 LEXINGTON AVENUE 3E	NEW YORK	NY	10021	NONE	PUBLIC CHARITY	SOCIAL PROGRAM	$6,310
GOTHAM CHAMBER OPERA
410 WEST 42ND STREET	NEW YORK	NY	10036	NONE	PUBLIC CHARITY	SOCIAL PROGRAM	$325
GROSVENOR NEIGHBORHOOD HOUSE
176 WEST 105TH STREET	NEW YORK	NY	10025	NONE	PUBLIC CHARITY	SOCIAL PROGRAM	$500
HOPE HOUSE
PO BOX 161	UTICA	NY	13503	NONE	PUBLIC CHARITY	SOCIAL PROGRAM	$1,500
HOSPICE & PALLIATIVE CARE
4277 MIDDLE SETTLEMENT ROAD	NEW HARTFORD	NY	13413	NONE	PUBLIC CHARITY	SOCIAL PROGRAM	$6,000
HUMANUS DOCUMENTARY FILMS
11165 BARMAN AVE	CULVER CITY	CA	90230	NONE	PUBLIC CHARITY	EDUCATION	$5,000
HUNGARIAN AMERICAN COALITION
1120 CONNECTICUT AVE NW SUITE 280	WASHINGTON	DC	20036	NONE	PUBLIC CHARITY	SOCIAL PROGRAM	$2,000
LENNOX HILL NEIGHBORHOOD HOUSE
331 EAST 70TH STREET	NEW YORK	NY	10021	NONE	PUBLIC CHARITY	PUBLIC WELFARE	$130
MARIN COUNTY ROWING GROUP
50 DRAKES LANDING ROAD	GREENBRAE	CA	94904	NONE	PUBLIC CHARITY	SOCIAL PROGRAM	$500
METROPOLITAN OPERA GUILD
70 LINCOLN CENTER PLAZA 6TH FLOOR	NEW YORK	NY	10023	NONE	PUBLIC CHARITY	CULTURAL	$125
MILTON ACADEMY
170 CENTRE STREET	MILTON	MA	02186	NONE	PUBLIC CHARITY	EDUCATION	$10,000
NARSAD
60 CUTTER MILL ROAD SUITE 404	GREAT NECK	NY	11201	NONE	PUBLIC CHARITY	SOCIAL PROGRAM	$25,000
NEW YORK CITY BALLET
DAVID KOCH THEATER 20 LINCOLN	NEW YORK	NY	10023	NONE	PUBLIC CHARITY	CULTURAL	$2,500	CENTER
NEW YORK HISTORICAL SOCIETY
170 CENTRAL PARK WEST	NEW YORK	NY	10024	NONE	PUBLIC CHARITY	CULTURAL	$4,400
NEW YORK PUBLIC LIBRARY
476 FIFTH AVENUE	NEW YORK	NY	10018	NONE	PUBLIC CHARITY	SOCIAL PROGRAM	$2,000
NEW YORK SOCIETY FOR THE RELIEF OF RUPTURED & CRIPPLED
HOSPITAL FOR SPECIAL SURGERY 535	NEW YORK	NY	10021	NONE	PUBLIC CHARITY	SOCIAL PROGRAM	$5,000	EAST 70TH STREET
NIGHTANGALE-BAMFORD SCHOOL
20 EAST 92ND STREET	NEW YORK	NY	10128	NONE	PUBLIC CHARITY	EDUCATION	$2,000
NORTHEAST HARBOR LIBRARY
PO BOX 279	NORTHEAST HARBOR	ME	04662	NONE	PUBLIC CHARITY	SOCIAL PROGRAM	$500
NRDC
40 WEST 20TH STREET	NEW YORK	NY	10068	NONE	PUBLIC CHARITY	ENVIRONMENTAL PROGRAM	$2,070
PARTNERSHIP FOR INNER CITY EDUCATION
1011 FIRST AVENUE 18TH FLOOR	NEW YORK	NY	10022	NONE	PUBLIC CHARITY	EDUCATION	$5,100
PIERPONT MORGAN LIBRARY
225 MADISON AVENUE	NEW YORK	NY	10016	NONE	PUBLIC CHARITY	EDUCATION	$6,225
PLANNED PARENTHOOD
434 WEST 33RD STREET	NEW YORK	NY	10001	NONE	PUBLIC CHARITY	SOCIAL PROGRAM	$1,000
PRESERVATION LEAGUE OF NEW YORK STATE
44 CENTRAL AVENUE	ALBANY	NY	12206	NONE	PUBLIC CHARITY	ENVIORNMENTAL PROGRAM	$11,650
PROCTOR ACADEMY
PO BOX 389	ANDOVER	NH	03216	NONE	PUBLIC CHARITY	EDUCATION	$10,000
PROJECT SUNSHINE
108 WEST 39TH STREET SUITE 725	NEW YORK	NY	10018	NONE	PUBLIC CHARITY	SOCIAL PROGRAM	$10,100
ROCK END ART BARN
ROCK END ROAD	NORTHEAST HARBOR	ME	04662	NONE	PUBLIC CHARITY	EDUCATION	$500
RUSSIA CIVIC ASSOCIATION
520 RUSSIA ROAD	POLAND	NY	13431	NONE	PUBLIC CHARITY	SOCIAL PROGRAM	$5,000
SUN VALLEY ARTIST SERIES
PO BOX 1379	SUN VALLEY	ID	83353	NONE	PUBLIC CHARITY	CULTURAL	$5,000
SZEPRIIVESZETU MUSEM
				NONE	PUBLIC CHARITY	CULTURAL	$30,000		1146 BUDAPEST	DOZSA GYORGY WAY 41	HU
THIRD STREET MUSIC SETTLEMENT
235 EAST 11TH STREET 1	NEW YORK	NY	10003	NONE	PUBLIC CHARITY	CULTURAL	$500
TRENTON FALLS ASSOCIATION
PO BOX 434	BARNEVELD	NY	13304	NONE	PUBLIC CHARITY	ENVIRONMENTAL PROGRAM	$500
UNIVERSITY OF COLORADO
1305 UNIVERSITY AVENUE 459 UCB	BOULDER	CO	80302	NONE	PUBLIC CHARITY	EDUCATION	$5,000
URBAN STAGES
259 WEST 30TH STREET	NEW YORK	NY	10001	NONE	PUBLIC CHARITY	CULTURAL	$1,300
WILLIAM GEORGE AGENCY FOR CHILDREN'S SOCIETY
380 FREEVILLE ROAD	FREEVILLE	NY	13068	NONE	PUBLIC CHARITY	SOCIAL PROGRAM	$5,000

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	260718	TotGrantOrContriPaidDuringYear
Tot Grant Or Contri Approved Future	0	TotGrantOrContriApprovedFuture

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$35,235	ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$239,448	ExclusionAmount

Other Investment Income Part VII OtherInvestmentIncomePartVII

Field	Value	IRS element (for citing)
Exclusion Code	15	ExclusionCode
Exclusion	$8,143	ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Exclusion Code	18	ExclusionCode
Exclusion	$8,539	ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Unrelated Business Income	$0	UnrelatedBusinessIncomeAmount
Exclusion	$291,365	ExclusionAmount
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Part XVIA	291365	TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Noncharitable EO	0	TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO	0	TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets	0	SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO	0	PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc	0	RentalOfFacilitiesEtc
Reimbursement Arrangements	0	ReimbursementArrangements
Loans Or Loan Guarantees	0	LoansOrLoanGuarantees
Performance Of Services Etc	0	PerformanceOfServicesEtc
Sharing Of Facilities Etc	0	SharingOfFacilitiesEtc
Relationships Noncharitable E Os	0	RelationshipsNoncharitableEOs

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

Field	Value	IRS element (for citing)
Category	ACCOUNTING FEES	Category
Amount	$5,767	Amount
Net Investment Income	2883	NetInvestmentIncome
Disbursements Charitable Prps	2884	DisbursementsCharitablePrps

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther (4 entries)

Category Or ItemCategoryOrItem	Listed At Cost Or FMVListedAtCostOrFMV	Book ValueBookValue	EOYFMVEOYFMV
CANADIAN SECURITIES	FMV	3404941	3404941
MASTER LIMITED PARTNERSHIPS	FMV	5093247	5093247
PRIVATE EQUITY	FMV	244482	244482
HEDGE FUND	FMV	3047	3047

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFees

Field	Value	IRS element (for citing)
Category	LEGAL FEES	Category
Amount	$2,295	Amount
Net Investment Income	1148	NetInvestmentIncome
Disbursements Charitable Prps	1147	DisbursementsCharitablePrps

Other Assets Schedule OtherAssetsSchedule

Other Assets OtherAssets (3 entries)

DescriptionDescription	EOY Book ValueEOYBookValue	EOYFMVEOYFMV
HEDGE FUND RECEIVABLE	2210	2210
SECURITY TRANSANCTION RECEIVABLE	184619	184619
RARE MAPS	49968	49968

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Net Investment IncomeNetInvestmentIncome	Disbursements Charitable PrpsDisbursementsCharitablePrps
FORMS AND SUPPLIES	755	755	0
MISCELLANEOUS	302	302	0

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome

Field	Value	IRS element (for citing)
Description	NET PORTFOLIO GAIN FROM PASSTHROUGH ENTITIES	Description
Revenue And Expenses Per Books	8143	RevenueAndExpensesPerBooks
Net Investment Income	8143	NetInvestmentIncome
Adjusted Net Income	8143	AdjustedNetIncome

Other Increases Schedule OtherIncreasesSchedule

Other Increases OtherIncreases

Field	Value	IRS element (for citing)
Description	UNREALIZED GAIN ON INVESTMENTS	Description
Amount	$1,096,592	Amount

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees (4 entries)

CategoryCategory	AmountAmount	Net Investment IncomeNetInvestmentIncome	Disbursements Charitable PrpsDisbursementsCharitablePrps
INVESTMENT ADVISORY FEES	$119,875	119875	0
EXPENSE REIMBURSEMENT-BCC INVESTMENT RELATED	$10,103	5052	5051
EXPENSE REIMBURSEMENT-GENERAL AND ADMIN SERVICES	$3,381	0	3381
EXPENSE REIMBURSEMENT-GENERAL AND ADMIN SERVICES	$946	946	0

Taxes Schedule TaxesSchedule

Taxes Taxes (2 entries)

CategoryCategory	AmountAmount	Net Investment IncomeNetInvestmentIncome	Disbursements Charitable PrpsDisbursementsCharitablePrps
FOREIGN TAX	$10,262	10262	0
FEDERAL EXCISE TAX	$3,310	0	0

THE GILBERT AND ILDIKO BUTLER FAMILY FOUNDATION: Form 990PF, tax year 2011

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Balance Sheets BalanceSheets

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (9 entries)

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Statements Regarding Activities StatementsRegardingActivities

Books In Care Of US Address BooksInCareOfUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (7 entries)

Compensation Of Hghst Paid Cntrct CompensationOfHghstPaidCntrct (2 entries)

Sum Of Program Related Investments SumOfProgramRelatedInvestments

Minimum Investment Return MinimumInvestmentReturn

Distributable DistributableAmount

Qualifying Distributions QualifyingDistributions

Undistributed Income UndistributedIncome

Supplementary Information SupplementaryInformation

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (54 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Other Investment Income Part VII OtherInvestmentIncomePartVII

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Subtotals Part XVIA SubtotalsPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther (4 entries)

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFees

Other Assets Schedule OtherAssetsSchedule

Other Assets OtherAssets (3 entries)

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome

Other Increases Schedule OtherIncreasesSchedule

Other Increases OtherIncreases

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees (4 entries)

Taxes Schedule TaxesSchedule

Taxes Taxes (2 entries)

Comments