2011-04-02T07:47:35-05:00 2010-05-31 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2009-06-01 350867977 Butler University BUTL 3179409779 4600 Sunset Avenue Indianapolis IN 46208 BRUCE ARICK 3179409135 2011-04-18 true Joyce Dulworth 3173834000 2009 2016-02-24 21:20:13Z DR BOBBY FONG 4600 SUNSET AVENUE INDIANAPOLIS IN 46208 234691578 false X www.butler.edu X 1850 IN TO PROVIDE THE HIGHEST QUALITY LIBERAL AND PROFESSIONAL EDUCATION AND TO INTEGRATE THE LIBERAL ARTS WITH PROFESSIONAL EDUCATION BY CREATING AND FOSTERING A STIMULATING INTELLECTUAL COMMUNITY. 33 33 3203 2046 -38372 -38372 10847696 5782180 138605432 149494222 -2378179 8128342 44261 78149 147119210 163482893 39402444 43434483 0 0 71742234 76884496 113685 0 2359051 46275909 46976465 157534272 167295444 -10415062 -3812551 334568835 340555560 129947181 125978737 204621654 214576823 TO PROVIDE THE HIGHEST QUALITY OF LIBERAL AND PROFESSIONAL EDUCATION AND TO INTEGRATE THE LIBERAL ARTS WITH PROFESSIONAL EDUCATION, BY CREATING AND FOSTERING A STIMULATING INTELLECTUAL COMMUNITY BUILT UPON INTERACTIVE DIALOGUE AND INQUIRY AMONG STUDENTS, FACULTY, AND STAFF. false false 149188275 43434483 149494222 See Schedule O. 149188275 true true false false false false true false true true false true true false true false true false true false false false true true true true false false false false true false false false false true true false false false true false false false true 5784 0 true 3203 true true true false false false false true true false false false 33 33 false false false false false false false true true false false false true true true true true true true false IN X BUTLER UNIV BUSINESS OFFICE 3179409779 4600 SUNSET AVENUE INDIANAPOLIS IN 46208 KATHRYN G BETLEY 1.0 X 0 0 0 KEVIN AULT 1.0 X 0 0 0 KEITH W BURKS 1.0 X 0 0 0 THOMAS BURLESON 1.0 X 0 0 0 ALBERT M CHEN 1.0 X 0 0 0 JOHN D COOKE 1.0 X 0 0 0 RICHARD CUMMINGS 1.0 X 0 0 0 CLAUDE E DAVIS JR 1.0 X X 0 0 0 ROLLIN M DICK 1.0 X 0 0 0 RONALD W DOLLENS 1.0 X X 0 0 0 JOHN B DUNN 1.0 X 0 0 0 CRAIG E FENNEMAN 1.0 X X 0 0 0 THOMAS J FISCHER 1.0 X 0 0 0 RICHARD HAILEY 1.0 X 0 0 0 JOHN R HARGROVE 1.0 X X 0 0 0 R MICHAEL HENDERSON 1.0 X 0 0 0 BETTY L LOFTON 1.0 X 0 0 0 STEPHEN E MCKENZIE 1.0 X 0 0 0 COREY B MCPHERRIN 1.0 X 0 0 0 ROBERT L MYERS 1.0 X 0 0 0 WAYNE E PATRICK 1.0 X 0 0 0 SHARI ALEXANDER RICHEY 1.0 X 0 0 0 JATINDER BIR SINGH SANDHU 1.0 X 0 0 0 HOWARD L SHEARON 1.0 X 0 0 0 MELISSA STONE-HICKMAN 1.0 X 0 0 0 JAMES P WHITE 1.0 X X 0 0 0 EUGENE WHITE 1.0 X 0 0 0 BILLIE LOU WOOD 1.0 X 0 0 0 DENNIS BASSETT 1.0 X 0 0 0 KEITH FALLER 1.0 X 0 0 0 M JAMES JOHNSTON 1.0 X 0 0 0 JAMES LILL 1.0 X 0 0 0 JAMIE PHILLIPPE 1.0 X 0 0 0 BOBBY FONG 50.0 X 325410 0 58775 BRUCE ARICK 50.0 X 175392 0 36393 MARK HELMUS 50.0 X 146303 0 33288 JILL R MCGREGOR 50.0 X 123007 0 25871 ELLEN A CLARK 50.0 X 48119 0 8696 JAYNE COMSTOCK 50.0 X 194205 0 29333 BRAD STEVENS 50.0 X 506425 0 48516 MARY ANDRITZ 50.0 X 212788 0 36227 LARRY O'CONNOR 50.0 X 217989 0 41674 BARRY COLLIER 50.0 X 220421 0 37951 CHARLES WILLIAMS 50.0 X 222263 0 40737 2392322 0 397461 65 false true false SHIEL SEXTON CO INC 902 CAPITOL AVE INDIANAPOLIS IN 46204 CONSTRUCTION 9215885 ANTHEM PO BOX 951254 CLEVELAND OH 44193 INSURANCE 7031913 ARAMARK CATERING SERVICE 704 WEST HAMPTON DRIVE INDIANAPOLIS IN 46208 BOARD/CATERING 4742619 US BANK CORPORATE PAYMENT SYSTEM PO BOX 790428 ST LOUIS MO 63179 CARD SERVICER 2814439 BUTLER UNIVERSITY BOOKSTORE 4600 SUNSET AVENUE INDIANAPOLIS IN 46208 BOOK/APPAREL SALES 1159177 81 37553 857765 4886862 734979 5782180 STUDENT TUITION AND FEES 900099 117213310 117213310 RESIDENCE HALLS/ROOM & BOARD 611710 16485447 16485447 AUXILIARY REVENUE 611710 4092937 4092937 ATHLETIC REVENUE 900099 4262673 4262673 OTHER MISCELLANOUS 611710 7439855 7439855 149494222 4592521 -123695 4716216 27847 27847 0 116500 31177 85323 85323 85323 72852748 1806645 69366729 1784690 3486019 21955 3507974 3507974 18915 37553 26089 -7174 -7174 0 0 0 163482893 149494222 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13332399 12625240 4660223 4341491 101945196 98784600 0 0 10009363 10227406 129947181 125978737 X 28437215 52396130 44747901 29585949 131436538 132594744 204621654 214576823 334568835 340555560 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X false 121617939 698601 21898697 2722098 5601583 135891556 173514699 4940842 -47919053 2900284 6018265 121617939 0.07610 0.92390 false true true 0 1475828 1475828 0 192439974 91953641 100486333 0 6826334 5492908 1333426 0 35499173 30126988 5372185 0 46560798 38928583 7632215 116299987 HEDGE FUND 6149123 F VENTURE CAPITAL - ALT INVEST 4620661 F REALTY - ALT INVEST 819702 F PRIVATE EQUITY - ALT INVEST 5907247 F NATURAL RESOURCES - ALT INVEST 8690767 F LOANS/FIXED INC - ALT INVEST 5347331 F 31534831 BOND PROC & OTHER HELD IN ESCR 8078157 RENEWAL & REPLACE IN PROGRESS 3066032 BENEFICIAL INT PERPET TRUSTS 1928421 UNAMORTIZED BOND ISSUE COSTS 3561573 16634183 0 ANNUITIES AND TRUST PAYABLE 1962998 ADV FROM GOV - STUDENT LOANS 7541872 FUNDS HELD FOR CAMPUS ORGS 722536 10227406 163482893 167295444 -3812551 17329720 -3562000 13767720 9955169 134495370 17329720 679240 18008960 116486410 46996483 46996483 163482893 123860961 123860961 43434483 43434483 167295444 PART III, LINE 4 THE EXEMPT PURPOSE BUTLER UNIVERSITY MAINTAINS WORKS OF ART, MUSICAL INSTRUMENTS, AND A RARE BOOK COLLECTION FOR EDUCATION, SCHOLARLY RESEARCH, AND PRESERVATION FOR FUTURE GENERATIONS. INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE GOVERNING BODY TO FUNCTION AS ENDOWMENTS (BOARD-DESIGNATED ENDOWMENT FUNDS). THE ENDOWMENT IS AVAILABLE FOR SCHOLARSHIPS, ACADEMIC PROGRAMS, AND OTHER INSTITUTIONAL SUPPORT. FIN 48 DISCLOSURE PART X DURING FISCAL 2010, THE UNIVERSITY ADOPTED THE PROVISIONS OF ASC TOPIC 740, INCOME TAXES, CONCERNING THE ACCOUNTING AND DISCLOSURES FOR UNCERTAIN TAX POSITIONS, PREVIOUSLY DEFERRED BY ASC TOPIC 740-10-65. AS PART OF THE IMPLEMENTATION OF THIS STANDARD, MANAGEMENT EVALUATED ITS CURRENT TAX POSITIONS AND DETERMINED THE ADOPTION OF THIS STANDARD HAD NO MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE UNIVERSITY. The University's tax years still subject to examination by taxing authorities are years subsequent to 2006. RECONCILIATION ITEMS PART XI, LINE 8 CHANGE IN PLEDGE PROVISION $3,562,000 PART XII, LINE 2D INCOME & EXPENSES OF BUTLER FOUNDATION $679,240 PART XII, LINE 4B SCHOLARSHIPS $43,434,483 CHANGE IN PLEDGE PROVISION 3,562,000 ------------ $46,996,483 PART XIII, LINE 4B SCHOLARSHIPS $43,434,483 true true true PER THE STUDENT HANDBOOK, "BUTLER UNIVERSITY IS COMMITTED TO THE PRINCIPLE OF EQUAL OPPORTUNITY. IT DOES NOT KNOWINGLY DISCRIMINATE AGAINST ANY APPLICANT, STUDENT OR EMPLOYEE ON THE BASIS OF SEX, SEXUAL ORIENTATION, RACE, COLOR, AGE, RELIGION OR NATIONAL, ETHNIC OR GEOGRAPHICAL ORIGIN. IT ATTEMPTS TO MAKE ITS PROGRAMS EQUALLY ACCESSIBLE TO ALL QUALIFIED APPLICANTS REGARDLESS OF PHYSICAL OR MENTAL DISABILITY. THIS SCHOOL IS AUTHORIZED UNDER FEDERAL LAW TO ENROLL NON-IMMIGRANT ALIEN STUDENTS." true true true true false false false false false false false false true false BUTLER UNIVERSITY RECEIVES CERTAIN AMOUNTS FROM GOVERNMENTAL AGENCIES FOR SUPPORT OF ITS RESEARCH AND EDUCATIONAL PROGRAM. true true Central America and the Caribbean 0 3 Program Services EDUCATION 15640 East Asia and the Pacific 0 5 Program Services EDUCATION 43303 Europe (Including Iceland and Greenland) 0 7 Program Services EDUCATION 123674 North America 0 2 Program Services EDUCATION 40214 Russia and the Newly Independent States 0 2 Program Services EDUCATION 21735 0 19 244566 FINANCIAL AID FOR STUDENTS Cent. America/Caribbean 3 8482 FINANCIAL AID FOR STUDENTS East Asia/Pacific 25 123474 FINANCIAL AID FOR STUDENTS Europe/Iceland/Greenland 75 318770 FINANCIAL AID FOR STUDENTS Middle East/North Africa 2 8532 FINANCIAL AID FOR STUDENTS Russia 1 4145 FINANCIAL AID FOR STUDENTS South America 9 42692 FINANCIAL AID FOR STUDENTS South Asia 1 2075 FINANCIAL AID FOR STUDENTS Sub-Saharan Africa 3 10300 PROCEDURES FOR MONITORING USE OF GRANT FUNDS OUTSIDE THE UNITED STATES SCHEDULE F, PART I, LINE 2 BUTLER UNIVERSITY HAS STUDENTS WHO STUDY ABROAD. THE FINANCIAL AID RECEIVED BY STUDENTS WHO STUDY ABROAD IS A REDUCTION OR WAIVER OF BUTLER UNIVERSITY TUITION WHILE THE STUDENT IS STUDYING ABROAD. BUTLER UNIVERSITY HAS WRITTEN QUALIFICATION CRITERIA FOR STUDENT FINANCIAL AID AND FOLLOWS A WRITTEN APPROVAL PROCESS. GOLFEST 56468 37553 18915 6163 12336 6360 1229 0 56468 37553 18915 6163 12336 6360 1229 26088 -7173 true SCHOLARSHIPS FOR STUDENTS 3400 42916013 PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN THE UNITED STATES SCHEDULE I, PART I, LINE 2 BUTLER UNIVERSITY HAS WRITTEN QUALIFICATION CRITERIA FOR STUDENT FINANCIAL AID AND FOLLOWS A WRITTEN APPROVAL PROCESS. X X X true true X X X X false false false false false false false true false BOBBY FONG 324231 0 0 0 1179 0 12971 0 45804 0 384185 0 0 0 BRUCE ARICK 175392 0 0 0 0 0 0 0 36393 0 211785 0 0 0 MARK HELMUS 145417 0 0 0 886 0 0 0 33288 0 179591 0 0 0 BRAD STEVENS 437125 0 60000 0 9300 0 0 0 48516 0 554941 0 0 0 MARY ANDRITZ 211544 0 0 0 1244 0 0 0 36227 0 249015 0 0 0 LARRY O'CONNOR 215489 0 2500 0 0 0 0 0 41674 0 259663 0 0 0 BARRY COLLIER 177192 0 37500 0 5729 0 0 0 37951 0 258372 0 0 0 JAYNE COMSTOCK 191108 0 0 0 3097 0 0 0 29333 0 223538 0 0 0 CHARLES WILLIAMS 211225 0 10000 0 1038 0 0 0 40737 0 263000 0 0 0 OTHER BENEFITS SCHEDULE J, PART I, LINE 1A THE RESIDENCE BUTLER UNIVERSITY PROVIDES A RESIDENCE AND HOUSEHOLD SERVICES FOR DR. BOBBY FONG, THE UNIVERSITY'S PRESIDENT. THE RESIDENCE AND HOUSEHOLD SERVICES ARE NOT INCLUDED IN DR. FONG'S TAXABLE INCOME. THE RESIDENCE IS FURNISHED FOR THE CONVENIENCE OF BUTLER UNIVERSITY. DR. FONG WAS REQUIRED TO LIVE IN THE RESIDENCE AS A CONDITION OF HIS EMPLOYMENT, AND HIS RESIDENCE IS CONTIGUOUS TO BUTLER'S CAMPUS. BUTLER UNIVERSITY PAYS SOCIAL CLUB DUES FOR DR. BOBBY FONG, BARRY COLLIER, AND BRAD STEVENS. THE PERSONAL USE OF THESE DUES IS INCLUDED IN EACH EMPLOYEE'S TAXABLE INCOME. NON-FIXED PAYMENTS SCHEDULE J, PART I, LINE 7 BUTLER UNIVERSITY PROVIDED NON-FIXED PAYMENTS TO BARRY COLLIER AND BRAD STEVENS AS BONUSES AS OUTLINED IN THEIR WRITTEN EMPLOYMENT CONTRACTS. INDIANA FINANCING AUTHORITY 521698917 S86442720 2004-09-15 56300000 FITNESS FACILITY & APT VILLAGE false false 57875069 3706100 2863514 51305455 2006 false false true true false false true false true 0.00810 0.03170 0.03980 true true false false false true false JAYNE COMSTOCK HOME MORTGAGE LOAN X 475000 458637 false true true 458637 X 3 160000 INDEPENDNT APPRAISAL X 23592 INDEPENDNT APPRAISAL X 39 416076 STOCK QUOTE X TRAVEL/FOOD 2 2631 COST X CAMERA EQUIPMENT 1 5045 COST X DISKS AND RECORDING 1 127635 COST 1 false true true USE OF THIRD PARTIES TO SELL NONCASH CONTRIBUTIONS SCHEDULE M, PART I, LINE 32A BUTLER UNIVERSITY USES AN AUCTION HOUSE TO SELL NONCASH CONTRIBUTIONS AND WELLS FARGO TO SELL DONATIONS OF STOCK. PROGRAM SERVICE ACCOMPLISHMENTS Form 990, Part III, line 4a EDUCATION BUTLER IS A NATIONALLY RECOGNIZED COMPREHENSIVE UNIVERSITY ENCOMPASSING SIX COLLEGES: BUSINESS, COMMUNICATION, EDUCATION, FINE ARTS, LIBERAL ARTS AND SCIENCES, AND PHARMACY AND HEALTH SCIENCES. TOGETHER, THESE COLLEGES OFFER OVER 55 UNDERGRADUATE MAJORS, ONE FIRST PROFESSIONAL AND 18 MASTER'S DEGREES. AROUND 4,600 STUDENTS ARE ENROLLED AT BUTLER, REPRESENTING 46 STATES AND 50 COUNTRIES. NINETY-FIVE PERCENT OF BUTLER STUDENTS WILL HAVE PARTICIPATED IN SOME FORM OF INTERNSHIP, STUDENT TEACHING, CLINICAL ROTATION, RESEARCH OR SERVICE LEARNING BY THE TIME THEY GRADUATE. IN ADDITION TO THIS PROFESSIONAL EXPERIENCE, BUTLER STUDENTS DEVELOP LIFELONG SKILLS IN CRITICAL THINKING, EFFECTIVE COMMUNICATION, COOPERATIVE TEAMWORK AND ETHICAL DECISION MAKING. BUTLER ENDEAVORS TO PREPARE STUDENTS NOT SIMPLY TO MAKE A LIVING, BUT TO LIVE LIVES OF PURPOSE IN WHICH PERSONAL FLOURISHING IS INTERTWINED WITH THE WELFARE OF OTHERS. BUTLER'S OVERALL PLACEMENT RATE WITHIN SIX MONTHS OF GRADUATION AVERAGES 94 PERCENT, INCLUDING 33 PERCENT WHO GO ON TO GRADUATE OR PROFESSIONAL SCHOOLS. CLOWES MEMORIAL HALL BUTLER UNIVERSITY'S 2,200-SEAT CLOWES MEMORIAL HALL OPENED TO THE PUBLIC ON OCT. 18, 1963. THIS PROFESSIONAL PERFORMING ARTS FACILITY IS HOME TO CLOWES PRESENTS - AN ANNUAL SERIES OF MUSIC, THEATRE AND DANCE PERFORMANCES AND A K-12 EDUCATION PROGRAM. CLOWES IS ALSO THE HOME OF RESIDENT COMPANIES SUCH AS THE INDIANAPOLIS OPERA, JCFA'S MUSIC AT BUTLER AND THE BUTLER BALLET. OTHER GREAT ORGANIZATIONS SUCH AS BROADWAY IN INDIANAPOLIS, MUSIC FOR ALL (BANDS OF AMERICA) AND BUTLER'S VISITING WRITERS SERIES, DIVERSITY LECTURE SERIES AND RELIGION SEMINARS ALL USE THE FACILITY. HEALTH AND RECREATION COMPLEX A NEW HEALTH AND RECREATION COMPLEX THAT IS EQUIPPED WITH RECREATION COURTS, AN INDOOR JOGGING TRACK, AN AQUATICS AREA, A WEIGHT AND FITNESS SPACE, AND A LOUNGE AND A JUICE BAR, OPENED IN FALL 2006. STUDENTS ENROLLED IN AT LEAST 12 CREDIT HOURS ARE AUTOMATIC MEMBERS OF THE HRC. MEMBERSHIP IS ALSO AVAILABLE TO UNIVERSITY FACULTY, STAFF, ALUMNI AND A LIMITED NUMBER OF COMMUNITY MEMBERS. ATHLETICS BUTLER OFFERS 19 INTERCOLLEGIATE SPORTS. ALL COMPETE IN THE HORIZON LEAGUE, EXCEPT FOOTBALL, WHICH IS A MEMBER OF THE PIONEER FOOTBALL LEAGUE. THROUGHOUT THE YEARS, BUTLER'S STUDENT ATHLETES HAVE COMPILED IMPRESSIVE RECORDS BOTH ON AND OFF THE PLAYING COURT AND FIELD. BUTLER TEAMS HAVE CAPTURED 26 CONFERENCE CHAMPIONSHIPS (IN FOUR DIFFERENT LEAGUES). THE BULLDOGS HAVE MADE APPEARANCES IN NCAA NATIONAL CHAMPIONSHIP TOURNAMENTS IN MEN'S AND WOMEN'S BASKETBALL, MEN'S SOCCER, VOLLEYBALL, MEN'S CROSS COUNTRY, LACROSSE, AND BASEBALL. CURRENTLY, BUTLER HAS OVER 350 STUDENT-ATHLETES. ROOM AND BOARD BUTLER STUDENTS CAN CHOOSE FROM A NUMBER OF HOUSING OPTIONS, INCLUDING AN UPPERCLASSMAN RESIDENTIAL APARTMENT VILLAGE, AN APARTMENT-STYLE RESIDENCE HALL, ONE ALL-WOMEN RESIDENCE HALL, TWO COEDUCATIONAL RESIDENCE HALLS WITH OPTIONAL LIVING-LEARNING CENTERS. ALL BUTLER UNDERGRADUATES ARE REQUIRED TO LIVE ON CAMPUS THROUGH JUNIOR YEAR. PROCESS TO REVIEW FORM 990 FORM 990, PART VI, LINE 11A BUTLER UNIVERSITY'S BOARD OF DIRECTORS HAS FORMALLY DELEGATED AUTHORITY FOR THE REVIEW OF ITS FORM 990 TO THE BUTLER UNIVERSITY AUDIT 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. MONITORING & ENFORCEMENT OF COMPLIANCE WITH CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12C BUTLER UNIVERSITY HAS ADOPTED A CONFLICT OF INTEREST POLICY THAT REQUIRES DIRECTORS, OFFICERS AND KEY EMPLOYEES TO SUBMIT AN ANNUAL CONFLICT OF INTEREST DISCLOSURE. THE ANNUAL DISCLOSURE REQUIRES DIRECTORS, OFFICERS AND KEY EMPLOYEES 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 UNIVERSITY. IN ADDITION, DIRECTORS, OFFICERS AND KEY EMPLOYEES 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 DECISIONMAKING PROCESS, THAT INDEPENDENT DIRECTORS OR COMMITTEE MEMBERS DETERMINE THAT THE PROPOSED TRANSACTION IS IN THE BEST INTERESTS OF BUTLER UNIVERSITY, 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 AUDIT COMMITTEE, COMPOSED OF INDEPENDENT OUTSIDE DIRECTORS. IN ADDITION, THE EXECUTIVE STAFF 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 UNIVERSITY. PROCESS TO DETERMINE PRESIDENT & OFFICER COMPENSATION FORM 990, PART VI, LINES 15A & 15B BUTLER UNIVERSITY HAS ADOPTED AN EXECUTIVE COMPENSATION AND INTERMEDIATE SANCTIONS POLICY THAT ENSURES THAT ALL COMPENSATION ARRANGEMENTS WITH RELATED PARTIES ARE EVALUATED AND ENTERED AT ARMS' LENGTH AND THAT ANY COMPENSATION THAT IS PAID TO A RELATED PARTY IS REASONABLE AND REFLECTS FAIR MARKET VALUE. THE POLICY ENCOURAGES THE APPLICATION OF THE REBUTTABLE PRESUMPTION STANDARD OF CODE SECTION 4958 AND THE RELATED TREASURY REGULATIONS BY (A) EXCLUDING ANY INTERESTED PARTY FROM THE DECISIONMAKING PROCESS; (B) REQUIRING DISINTERESTED BOARD OR COMMITTEE MEMBERS TO OBTAIN AND RELY UPON COMPARABILITY DATA WHEN SETTING THE PROPOSED COMPENSATION TERMS; (C) REQUIRING APPROVAL OF THE TRANSACTION IN ADVANCE BY DISINTERESTED DIRECTORS OR COMMITTEE MEMBERS; AND (D) REQUIRING CONTEMPORANEOUS DOCUMENTATION (I.E., MINUTES) REFLECTING THE DECISION AND THE PROCESS BY WHICH IT WAS MADE. BUTLER UNIVERSITY HAS DELEGATED AUTHORITY REGARDING EXECUTIVE COMPENSATION MATTERS TO THE EXECUTIVE COMPENSATION COMMITTEE, COMPOSED OF INDEPENDENT OUTSIDE DIRECTORS. THE COMMITTEE IS RESPONSIBLE FOR APPLYING THE TERMS AND PROCESS OF THE EXECUTIVE COMPENSATION AND INTERMEDIATE SANCTIONS POLICY AS OUTLINED ABOVE. AVAILABILITY OF GOVERNING DOCUMENTS, COI POLICY, FORM 990, AND FS FORM 990, PART VI, LINE 19 THE UNIVERSITY MAKES THE FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST AT THE UNIVERSITY'S BUSINESS OFFICE AND LIBRARY. THE FORM 990 IS ALSO AVAILABLE AT WWW.GUIDESTAR.ORG. LOANS TO INTERESTED PERSONS SCH L, PART II THE LOAN LISTED WAS PROVIDED TO JAYNE COMSTOCK UNDER BUTLER UNIVERSITY'S FIRST MORTGAGE PROGRAM AND SECURED BY THE PROPERTY. THE FIRST MORTGAGE PROGRAM IS AVAILABLE TO EMPLOYEES WHO MEET THE ELIGIBILITY REQUIREMENTS SET BY THE BOARD OF TRUSTEES. BUTLER FOUNDATION 4600 SUNSET AVENUE INDIANAPOLIS IN 46208 356016441 GIFT RECEIPT IN 501(C)(3) 11A BUTLER UNIV false false false false false false false false false false false false false false false false false false