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        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
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      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JOHN TONTI</NamePerson>
        <Title>TRUSTEE</Title>
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        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
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        <NamePerson>JOHN MACINTOSH</NamePerson>
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        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
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        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DR LOUIS ZONA</NamePerson>
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        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
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        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
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      <TotalReportableCompFrmRltdOrgs>0</TotalReportableCompFrmRltdOrgs>
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      <TotalContributions>1888073</TotalContributions>
      <ProgramServiceRevenue>
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      <NetIncomeFromFundraisingEvents>
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      <OtherRevenueMisc>
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      </OtherRevenueMisc>
      <TotalOtherRevenue>16072</TotalOtherRevenue>
      <TotalRevenue>
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        <RelatedOrExemptFunctionIncome>183627</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>0</UnrelatedBusinessRevenue>
        <ExclusionAmount>2006136</ExclusionAmount>
      </TotalRevenue>
      <CompCurrentOfficersDirectors>
        <Total>100000</Total>
        <ProgramServices>60000</ProgramServices>
        <ManagementAndGeneral>40000</ManagementAndGeneral>
      </CompCurrentOfficersDirectors>
      <OtherSalariesAndWages>
        <Total>545108</Total>
        <ProgramServices>327065</ProgramServices>
        <ManagementAndGeneral>218043</ManagementAndGeneral>
      </OtherSalariesAndWages>
      <PensionPlanContributions>
        <Total>40125</Total>
        <ProgramServices>24075</ProgramServices>
        <ManagementAndGeneral>16050</ManagementAndGeneral>
      </PensionPlanContributions>
      <OtherEmployeeBenefits>
        <Total>163304</Total>
        <ProgramServices>97982</ProgramServices>
        <ManagementAndGeneral>65322</ManagementAndGeneral>
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      <PayrollTaxes>
        <Total>56743</Total>
        <ProgramServices>34046</ProgramServices>
        <ManagementAndGeneral>22697</ManagementAndGeneral>
      </PayrollTaxes>
      <FeesForServicesInvstMgmntFees>
        <Total>98062</Total>
        <ManagementAndGeneral>98062</ManagementAndGeneral>
      </FeesForServicesInvstMgmntFees>
      <FeesForServicesOther>
        <Total>61611</Total>
        <ProgramServices>18483</ProgramServices>
        <ManagementAndGeneral>43128</ManagementAndGeneral>
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      <Advertising>
        <Total>58889</Total>
        <ProgramServices>8833</ProgramServices>
        <ManagementAndGeneral>50056</ManagementAndGeneral>
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      <OfficeExpenses>
        <Total>42387</Total>
        <ProgramServices>40267</ProgramServices>
        <ManagementAndGeneral>2120</ManagementAndGeneral>
      </OfficeExpenses>
      <Occupancy>
        <Total>378716</Total>
        <ProgramServices>359782</ProgramServices>
        <ManagementAndGeneral>18934</ManagementAndGeneral>
      </Occupancy>
      <Travel>
        <Total>68449</Total>
        <ProgramServices>68449</ProgramServices>
      </Travel>
      <DepreciationDepletion>
        <Total>403979</Total>
        <ProgramServices>359541</ProgramServices>
        <ManagementAndGeneral>44438</ManagementAndGeneral>
      </DepreciationDepletion>
      <Insurance>
        <Total>77515</Total>
        <ProgramServices>69764</ProgramServices>
        <ManagementAndGeneral>7751</ManagementAndGeneral>
      </Insurance>
      <OtherExpenses>
        <Description>FREIGHT AND SHIPPING</Description>
        <Total>68415</Total>
        <ProgramServices>68415</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>EXHIBITS EXPENSE</Description>
        <Total>68030</Total>
        <ProgramServices>68030</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>EDUCATION EXPENSE</Description>
        <Total>27400</Total>
        <ProgramServices>26030</ProgramServices>
        <ManagementAndGeneral>1370</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>PRINTING EXPENSE</Description>
        <Total>17795</Total>
        <ProgramServices>16906</ProgramServices>
        <ManagementAndGeneral>889</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MISCELLANEOUS EXPENSE</Description>
        <Total>17359</Total>
        <ProgramServices>16492</ProgramServices>
        <ManagementAndGeneral>867</ManagementAndGeneral>
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      <AllOtherExpenses>
        <Total>34015</Total>
        <ProgramServices>19528</ProgramServices>
        <ManagementAndGeneral>14487</ManagementAndGeneral>
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      <TotalFunctionalExpenses>
        <Total>2327902</Total>
        <ProgramServices>1683688</ProgramServices>
        <ManagementAndGeneral>644214</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
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      <CashNonInterestBearing>
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        <EOY>73024</EOY>
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      <SavingsAndTempCashInvestments>
        <BOY>1560179</BOY>
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      <PledgesAndGrantsReceivable>
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        <EOY>97838</EOY>
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      <AccountsReceivable>
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        <EOY>375914</EOY>
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      <InventoriesForSaleOrUse>
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        <EOY>17816</EOY>
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      <PrepaidExpensesDeferredCharges>
        <BOY>22442</BOY>
        <EOY>23478</EOY>
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      <LandBuildingsEquipmentBasis>12624498</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>6791371</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>6092553</BOY>
        <EOY>5833127</EOY>
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      <InvestmentsPubTradedSecurities>
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        <BOY>15801008</BOY>
        <EOY>16427791</EOY>
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      <TotalAssets>
        <BOY>53016361</BOY>
        <EOY>58254629</EOY>
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      <AccountsPayableAccruedExpenses>
        <BOY>37577</BOY>
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      <DeferredRevenue>
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        <EOY>44132</EOY>
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      <TotalLiabilities>
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        <EOY>64659</EOY>
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      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
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        <EOY>51978795</EOY>
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      <TemporarilyRestrictedNetAssets>
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      <PermanentlyRestrictedNetAssets>
        <BOY>2965998</BOY>
        <EOY>3165998</EOY>
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      <TotalNetAssetsFundBalances>
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        <EOY>58189970</EOY>
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      <TotalLiabNetAssetsFundBalances>
        <BOY>53016361</BOY>
        <EOY>58254629</EOY>
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      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
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      <ReconcilationOtherChanges>3495303</ReconcilationOtherChanges>
      <InfoInScheduleOPartXII>X</InfoInScheduleOPartXII>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <AuditCommittee>1</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
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    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1039100001">
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        <CurrentTaxYearMinus3Years>1896856</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>929366</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>1055847</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>1888073</CurrentTaxYear>
        <Total>7583321</Total>
      </GiftsGrantsContribReceived170>
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        <CurrentTaxYearMinus4Years>1813179</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>1896856</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>929366</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>1055847</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>1888073</CurrentTaxYear>
        <Total>7583321</Total>
      </Total170>
      <AmountsSubstContributorsTotal>805040</AmountsSubstContributorsTotal>
      <PublicSupportTotal170>6778281</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <CurrentTaxYearMinus4Years>863366</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>1057421</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>1037634</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>818013</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>708346</CurrentTaxYear>
        <Total>4484780</Total>
      </GrossInvestmentIncome170>
      <OtherIncome170>
        <CurrentTaxYearMinus4Years>68817</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>91163</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>90980</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>101334</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>180402</CurrentTaxYear>
        <Total>532696</Total>
      </OtherIncome170>
      <TotalSupport>12600797</TotalSupport>
      <GrossReceiptsFromAdmissionsEtc>451766</GrossReceiptsFromAdmissionsEtc>
      <PublicSupportPertcentage170>0.53790</PublicSupportPertcentage170>
      <PublicSupportPertcentPriorYear>0.52180</PublicSupportPertcentPriorYear>
      <ThirtyThreePercntTestsCY170>X</ThirtyThreePercntTestsCY170>
      <GeneralExplanation>SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: SCHEDULE A, PART II, SECTION B, LINE 10: INCOME FROM SPECIAL EVENTS ($57,611), SALE OF INVENTORY ($106,719), AND MISCELLANEOUS INCOME ($16,072).</GeneralExplanation>
    </IRS990ScheduleA>
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          <AddressLine2>RESTRICTED</AddressLine2>
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          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
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        <RevenuesIncluded>555538</RevenuesIncluded>
        <AssetsInPartX>16427791</AssetsInPartX>
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      <CollectUsedForPublicExhibition>X</CollectUsedForPublicExhibition>
      <CollectUsedForScholarResearch>X</CollectUsedForScholarResearch>
      <CollectUsedForPreservation>X</CollectUsedForPreservation>
      <CollectUsedForLoanOrExchPrgrms>X</CollectUsedForLoanOrExchPrgrms>
      <SolicitedAssetsForSale>0</SolicitedAssetsForSale>
      <CurrentYear>
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        <InvestmentEarningsOrLosses>4750799</InvestmentEarningsOrLosses>
        <OtherExpenditures>471730</OtherExpenditures>
        <EndOfYearBalance>28914115</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
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        <InvestmentEarningsOrLosses>1990727</InvestmentEarningsOrLosses>
        <OtherExpenditures>463744</OtherExpenditures>
        <EndOfYearBalance>24635046</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <CurrentYearMinus2Years>
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        <InvestmentEarningsOrLosses>-4382075</InvestmentEarningsOrLosses>
        <OtherExpenditures>898964</OtherExpenditures>
        <EndOfYearBalance>23108063</EndOfYearBalance>
      </CurrentYearMinus2Years>
      <BoardDesignatedEOYBalance>0.85820</BoardDesignatedEOYBalance>
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      <TermEndowmentEOYBalance>0.03230</TermEndowmentEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>0</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>0</EndowmentsHeldByRelatedOrgs>
      <Land>
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        <BookValue>55000</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>10703586</OtherCostOrOtherBasis>
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        <BookValue>5315725</BookValue>
      </Buildings>
      <LeaseholdImprovements>
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        <BookValue>271730</BookValue>
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      <OtherLandBuildings>
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        <BookValue>190672</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>5833127</TotalOfBookValueLandBuildings>
      <OtherAssets>
        <Description>ART COLLECTION</Description>
        <BookValue>16427791</BookValue>
      </OtherAssets>
      <TotalBookValueOtherAssets>16427791</TotalBookValueOtherAssets>
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      <RevenueNotRptdF990>3723087</RevenueNotRptdF990>
      <RevenueSubtotal>4077836</RevenueSubtotal>
      <RevenueNotRptdOnFinStmt>0</RevenueNotRptdOnFinStmt>
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      <ExpensesNotRptdF990>227784</ExpensesNotRptdF990>
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      <ExpensesNotRptdOnFinStmt>0</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>2327902</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <ReturnReference>PART III, LINE 4:</ReturnReference>
        <Explanation>PART III, LINE 4: SINCE 1919, THE BUTLER INSTITUTE HAS BEEN COMMITTED TO THE PROMOTION AND CULTIVATION OF AESTHETIC VALUES BY COLLECTING AND EXHIBITING WORKS OF PROMINENT AMERICAN ARTISTS. THE MUSEUM'S HOLDINGS NOW NUMBER OVER 18,000 WORKS OF ART: PAINTINGS, WORKS ON PAPER, SCULPTURE, CERAMICS, PHOTOGRAPHS, AND PIECES IN SPECIAL COLLECTIONS. THE PERMANENT COLLECTION IS EXHIBITED IN HISTORICAL SEQUENCE THROUGHOUT THE NINE FIRST FLOOR GALLERIES OF THE INSTITUTE. THE SECOND FLOOR GALLERIES SURROUNDING BEECHER COURT ARE USED FOR SPECIAL EXHIBITIONS OF THE COLLECTION, BASED ON TOPICAL OR HISTORIC THEMES. THE MUSEUM'S ARCHIVAL DOCUMENTS REPRESENT PRIMARY SOURCE MATERIAL RELATING TO THE FOUNDING, ACQUISITION, AND GROWTH OF THE INSTITUTE'S COLLECTIONS. THESE PRIMARY SOURCE MATERIALS INCLUDE HOLOGRAPH LETTERS FROM ARTISTS, COLLECTORS, GALLERY OWNERS, AND THE STAFF OF THE BUTLER INSTITUTE OF AMERICAN ART. THE PERMANENT COLLECTION CONSISTS OF PAINTINGS, DRAWINGS, PRINTS, PHOTOGRAPHS, SCULPTURES, AND THE HISTORIC STRUCTURE. ALL OBJECTS IN THE PERMANENT COLLECTION ARE ACCESSED AND FOLLOW ACCEPTED PRACTICES FOR ACQUISITION. ARTISTS' FILES CONSIST OF LETTERS, PHOTOGRAPHS, EXHIBITION RECORDS, PUBLICATION HISTORY AND PROVENANCE, AND RELATE TO SPECIFIC OBJECTS IN THE COLLECTION. THE ARCHIVE CONSISTS OF EXHIBITION CATALOGS, PUBLIC RELATIONS FILES, AND PRIMARY SOURCE MATERIAL RELATED TO THE CONSTRUCTION OF THE HISTORIC STRUCTURE. THE ARCHIVES ARE ACCESSIBLE TO MUSEUM STAFF ONLY. SELECTED ITEMS HAVE BEEN DIGITIZED FOR WEB AND KIOSK USE. THE COLLECTION IS DIRECTLY RELATED TO THE EDUCATIONAL PURPOSE OF THE MUSEUM. THE COLLECTION IS DISPLAYED FOR PUBLIC VIEWING AND IS DIRECTLY USED IN THE EDUCATIONAL PROGRAMS OFFERED BY THE MUSEUM'S EDUCATION DEPARTMENT. THE MUSEUM OFFERS SIGNIFICANT ACCESS TO THE COLLECTION FOR THE PUBLIC THROUGH REGULAR OPEN HOURS, A FREE ADMISSION POLICY, DETAILED MATERIAL DESCRIBING THE COLLECTION, AND SIGNIFICANT PROMOTION OF THE MUSEUM.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:</Identifier>
        <ReturnReference>PART V, LINE 4:</ReturnReference>
        <Explanation>THE PURPOSES OF THE ENDOWMENT ARE TO ADVOCATE THE APPRECIATION OF ART TO THE MUSEUM'S MEMBERS AND TO THE COMMUNITY. THE OBJECTIVE OF THE UNDERLYING INVESTMENTS WITHIN THE ENDOWMENT FUNDS IS TO ALLOW FOR PRINCIPAL PRESERVATION, GROWTH OF PRINCIPAL, AND TO PROVIDE AN INCOME STREAM FOR USES OF THE MUSEUM.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Explanation>PART XII &amp; PART XIII, LINES 2D: MUSEUM EXPENSES ARE NETTED WITH MUSEUM REVENUE. EVENT EXPENSE IS NETTED WITH EVENT REVENUE.</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
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      <EventsInformation>
        <NameOfEvent1>AMERICAN HOLIDAY</NameOfEvent1>
        <GrossReceiptsEvent1>50109</GrossReceiptsEvent1>
        <GrossRevenueEvent1>50109</GrossRevenueEvent1>
        <RentFacilityCostsEvent1>29386</RentFacilityCostsEvent1>
        <NameOfEvent2>RONNIE WOOD OPENING</NameOfEvent2>
        <GrossReceiptsEvent2>27322</GrossReceiptsEvent2>
        <GrossRevenueEvent2>27322</GrossRevenueEvent2>
        <RentFacilityCostsEvent2>2080</RentFacilityCostsEvent2>
        <TotalNumberOfOtherEvents>2</TotalNumberOfOtherEvents>
        <GrossReceiptsOtherEvents>17775</GrossReceiptsOtherEvents>
        <GrossRevenueOtherEvents>17775</GrossRevenueOtherEvents>
        <RentFacilityCostsOtherEvents>6129</RentFacilityCostsOtherEvents>
        <GrossReceiptsTotal>95206</GrossReceiptsTotal>
        <GrossRevenueTotalEvents>95206</GrossRevenueTotalEvents>
        <RentFacilityCostsTotalEvents>37595</RentFacilityCostsTotalEvents>
        <DirectExpenseSummaryEvents>37595</DirectExpenseSummaryEvents>
        <NetIncomeSummary>57611</NetIncomeSummary>
      </EventsInformation>
    </IRS990ScheduleG>
    <IRS990ScheduleM documentId="RetDoc1042900001">
      <WorksOfArt>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>56</NumberOfContributions>
        <NoncashContribsRptdF990>555538</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>APPRAISED VALUE</MethodOfDeterminingRevenues>
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      <GeneralExplanation>
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