Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE BUTLER FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 28
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DUBUQUE, IA520040028
A Employer identification number

42-1429940
B Telephone number (see instructions)

(563) 583-7301
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$61,605,742J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 819,739
2 Check bullet.............
3 Interest on savings and temporary cash investments 2,296 2,296  
4 Dividends and interest from securities... 946,221 946,221  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 83,071
b Gross sales price for all assets on line 6a 6,395,173
7 Capital gain net income (from Part IV, line 2)... 83,071
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 93,215 0  
12 Total. Add lines 1 through 11........ 1,944,542 1,031,588  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 622 0   0
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 2,451 1,226   1,225
b Accounting fees (attach schedule)....... Click to see attachment 2,725 1,363   1,362
c Other professional fees (attach schedule).... Click to see attachment 130,187 130,187   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 36,253 36,253   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 15 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 172,253 169,029   2,587
25 Contributions, gifts, grants paid....... 2,814,506 2,814,506
26 Total expenses and disbursements. Add lines 24 and 25 2,986,759 169,029   2,817,093
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,042,217
b Net investment income (if negative, enter -0-) 862,559
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,250,193 608,202 608,202
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 46,784,914 Click to see attachment46,384,688 60,997,540
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 48,035,107 46,992,890 61,605,742
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 48,035,107 46,992,890
29 Total net assets or fund balances (see instructions)..... 48,035,107 46,992,890
30 Total liabilities and net assets/fund balances (see instructions). 48,035,107 46,992,890
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
48,035,107
2
Enter amount from Part I, line 27a .....................
2
-1,042,217
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
46,992,890
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
46,992,890
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 5,995,594   6,312,102 -316,508
b 399,579     399,579
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -316,508
b       399,579
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 83,071
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 11,990
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 11,990
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 11,990
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 45,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 45,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 33,010
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet33,010 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment.................
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTIMOTHY L BERNS Telephone no.bullet (563) 583-7301

    Located atbullet300 SECURITY BUILDINGDUBUQUEIA ZIP+4bullet52001
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JOHN E BUTLER CHAIRPERSON
    1.00     		0 0 0
    800 MAIN ST
    DUBUQUE,IA52001
    ALICE L BUTLER VICE-CHAIRPERSON
    1.00     		0 0 0
    800 MAIN ST
    DUBUQUE,IA52001
    TIMOTHY L BERNS SECY/TREASURER
    1.00     		0 0 0
    800 MAIN ST
    DUBUQUE,IA52001
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    52,508,815
    b
    Average of monthly cash balances.......................
    1b
    693,315
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    53,202,130
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    53,202,130
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    798,032
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    52,404,098
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,620,205
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,620,205
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    11,990
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    11,990
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,608,215
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,608,215
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    2,608,215
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    2,817,093
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,817,093
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,817,093
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 2,608,215
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 32,287
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019...... 66,877
    fTotal of lines 3a through e........ 99,164
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 2,817,093
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 2,608,215
    e Remaining amount distributed out of corpus 208,878
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 308,042
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		32,287
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		275,755
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019.... 66,877
    e Excess from 2020.... 208,878
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    JOHN E BUTLER
    ALICE L BUTLER
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AMERICAN ENTERPRISE INSTITUTE
    1789 MASSACHUSETTS AVE NW
    WASHINGTON,DC20036     		NONE PC GENERAL ASSISTANCE 50,000
    ARBOR DAY FOUNDATION
    211 N 12 ST STE 501
    LINCOLN,NE68508     		NONE PC GENERAL ASSISTANCE 500
    AREA RESIDENTIAL CARE
    3355 KENNEDY CIRCLE
    DUBUQUE,IA52002     		NONE PC GENERAL ASSISTANCE 250
    BABSON COLLEGE
    231 FOREST STREET
    BABSON PARK,MA02457     		NONE PC GENERAL ASSISTANCE 25,000
    BASTOGNE MEMORIAL FUND (AMERICAN OVERSEAS MEMORIAL DAY ASSOCIATION FOUNDATI
    161 THOMAS DALE
    WILLIAMSBURG,VA23185     		NONE PC LONG-TERM MAINTENANCE OF THE MARDASSON MEMORIAL TO THE BATTLE OF THE BULGE 25,000
    BELL TOWER
    2728 ASBURY RD STE 242
    DUBUQUE,IA52001     		NONE PC GENERAL ASSISTANCE 100
    BETHANY HOME
    1005 LINCOLN AVE
    DUBUQUE,IA52001     		NONE PC GENERAL ASSISTANCE 2,500
    BOY SCOUTS OF AMERICA (NORTHEAST IOWA COUNCIL BOY SCOUTS)
    10601 MILITARY ROAD
    DUBUQUE,IA52004     		NONE PC GENERAL ASSISTANCE 500
    BRYN MAWR COLLEGE
    101 N MERION AVE
    BRYN MAWR,PA19010     		NONE PC GENERAL ASSISTANCE 1,000
    CAMP ALBRECHT ACRES
    14837 SHERRILL ROAD
    SHERRILL,IA52073     		NONE PC GENERAL ASSISTANCE 1,000
    CATO
    PO BOX 97128
    WASHINGTON,DC20077     		NONE PC GENERAL ASSISTANCE 500
    CHICAGO SYMPHONY ORCHESTRA
    220 S MICHIGAN AVE
    CHICAGO,IL606042559     		NONE PC GENERAL ASSISTANCE 1,000
    CLARKE UNIVERSITY
    1550 CLARKE DRIVE
    DUBUQUE,IA52001     		NONE PC GENERAL ASSISTANCE 25,000
    DUBUQUE ARBORETUM
    3800 ARBORETUM DRIVE
    DUBUQUE,IA52001     		NONE PC SPONSORSHIP OF MUSIC IN THE GARDENS 2,500
    DUBUQUE ARTS COUNCIL
    2728 ASBURY ROAD NO 220
    DUBUQUE,IA52001     		NONE PC GENERAL ASSISTANCE 1,200
    DUBUQUE CITY YOUTH BALLET
    2085 MULLIN RD
    DUBUQUE,IA52001     		NONE PC SCHOLARSHIPS 2,825
    DUBUQUE DREAM CENTER
    1600 WHITE ST
    DUBUQUE,IA52001     		NONE PC GENERAL ASSISTANCE 30,000
    DUBUQUE MUSEUM OF ART
    701 LOCUST ST
    DUBUQUE,IA52001     		NONE PC GENERAL ASSISTANCE 10,000
    DUBUQUE REGIONAL HUMANE SOCIETY
    4242 CHAVENELLE ROAD
    DUBUQUE,IA52002     		NONE PC GENERAL ASSISTANCE 8,000
    DUBUQUE RESCUE MISSION
    PO BOX 147
    DUBUQUE,IA52004     		NONE PC GENERAL ASSISTANCE 2,000
    DUBUQUE SENIOR HIGH RENAISSANCE PROGRAM
    1800 CLARKE DRIVE
    DUBUQUE,IA52001     		NONE GOV RENAISSANCE PROGRAM 500
    DUBUQUE SYMPHONY ORCHESTRA
    2728 ASBURY ROAD STE 900
    DUBUQUE,IA52001     		NONE PC GENERAL ASSISTANCE 6,956
    DUBUQUE MUSEUM OF ART
    701 LOCUST ST
    DUBUQUE,IA52001     		NONE PC GENERAL ASSISTANCE 2,000
    DURIDE
    2728 ASBURY ROAD NO 330
    DUBUQUE,IA52001     		NONE PC GENERAL ASSISTANCE 200
    FINLEY HEALTH FOUNDATION
    350 N GRANDVIEW AVE
    DUBUQUE,IA52001     		NONE PC GENERAL ASSISTANCE 5,000
    FLY BY NIGHT PRODUCTIONS
    PO BOX 1377
    DUBUQUE,IA52004     		NONE PC GENERAL ASSISTANCE 250
    FRIENDS OF HOMACHO
    2115 EMBASSY WEST DRIVE
    DUBUQUE,IA52002     		NONE PC GENERAL ASSISTANCE 2,500
    GRAND OPERA HOUSE
    135 W 8TH STREET
    DUBUQUE,IA52001     		NONE PC GENERAL ASSISTANCE 2,500
    GRAND OPERA HOUSE
    135 W 8TH STREET
    DUBUQUE,IA52001     		NONE PC GENERAL ASSISTANCE 1,000
    HILLCREST FAMILY SERVICES
    2005 ASBURY ROAD
    DUBUQUE,IA52001     		NONE PC GENERAL ASSISTANCE 2,500
    HILLS & DALES
    1011 DAVIS AVE
    DUBUQUE,IA52001     		NONE PC GENERAL ASSISTANCE 1,000
    HILLSDALE COLLEGE-INDEPENDENT GRANT FUND
    33 E COLLEGE ST
    HILLSDALE,MI492429989     		NONE PC INDEPENDENT GRANT FUND 1,500
    HOSPICE OF DUBUQUE
    1670 JOHN F KENNEDY RD
    DUBUQUE,IA52002     		NONE PC GENERAL ASSISTANCE 1,000
    ILLINOIS NETWORK OF CHARTER SCHOOLS
    150 N MICHIGAN AVE NO 430
    CHICAGO,IL60601     		NONE PC GENERAL ASSISTANCE 25,000
    INSTITUTE FOR JUSTICE
    901 NORTH GLEBE ROAD STE 900
    ARLINGTON,VA22203     		NONE PC GENERAL ASSISTANCE 5,000
    LAUREL SCHOOL
    1 LYMAN CIRCLE
    SHAKER HEIGHTS,OH44122     		NONE PC GENERAL ASSISTANCE 2,500
    LAUREL SCHOOL
    1 LYMAN CIRCLE
    SHAKER HEIGHTS,OH44122     		NONE PC GYM/ATHLETIC 500,000
    LIBERTY JUSTICE CENTER
    190 S LASALLE ST STE 1630
    CHICAGO,IL60603     		NONE PC GENERAL ASSISTANCE 50,000
    LINWOOD
    2736 WINDSOR AVENUE
    DUBUQUE,IA52001     		NONE PC GENERAL ASSISTANCE 100
    LORAS COLLEGE
    1450 ALTA VISTA STREET
    DUBUQUE,IA52001     		NONE PC GENERAL ASSISTANCE 25,000
    LUTHER MANOR
    3131 HILLCREST ROAD
    DUBUQUE,IA52001     		NONE PC GENERAL ASSISTANCE 2,500
    LYRIC OPERA OF CHICAGO
    20 N WACKER DRIVE 860
    CHICAGO,IL60606     		NONE PC GENERAL ASSISTANCE 100,000
    LYRIC OPERA OF CHICAGO
    20 N WACKER DRIVE 860
    CHICAGO,IL60606     		NONE PC GENERAL ASSISTANCE 100,000
    MARY'S INN
    PO BOX 3338
    DUBUQUE,IA520043338     		NONE PC GENERAL ASSISTANCE 500
    MAYO CLINIC
    200 FIRST STREET SW
    ROCHESTER,MN55905     		NONE PC PRESIDENT'S STRATEGIC INITIATIVE FUND 25,000
    MERCY HEALTH FOUNDATION
    250 MERCY DRIVE
    DUBUQUE,IA52001     		NONE PC GENERAL ASSISTANCE 5,000
    NATIONAL MISSISSIPPI RIVER MUSEUM & AQUARIUM (DUBUQUE COUNTY HISTORICAL SOC
    350 E THIRD ST
    DUBUQUE,IA52001     		NONE PC $1M RIVER OF INNOVATION & $500K TO EDNOWMENT FOR EDUCATION 1,500,000
    NATIONAL TRUST FOR HISTORIC PRESERVATION
    2600 VIRGINIA AVE NW STE 1100
    WASHINGTON,DC20037     		NONE PC NATIONAL RESILIANCY FUND 10,000
    NATIONAL TRUST FOR HISTORIC PRESERVATON
    2600 VIRGINIA AVE NW STE 1100
    WASHINGTON,DC20037     		NONE PC GENERAL ASSISTANCE 50,000
    NOBLE NETWORK OF CHARTER SCHOOLS
    1 NORTH STATE STREET FLOOR 7-L
    CHICAGO,IL60602     		NONE PC GENERAL ASSISTANCE 100,000
    NORTHEAST IOWA SCHOOL OF MUSIC
    2728 ASBURY RD STE 200
    DUBUQUE,IA52001     		NONE PC 2020 CHAMBERFEST EVENT 5,000
    SALVATION ARMY
    1099 IOWA STREET
    DUBUQUE,IA52001     		NONE PC GENERAL ASSISTANCE 250
    SPECIAL OLYMPICS
    551 SE DOVETALE RD
    GRIMES,IA50111     		NONE PC GENERAL ASSISTANCE 100
    TELLURIDE FOUNDATION
    PO BOX 4222
    TELLURIDE,CO81435     		NONE PC GENERAL ASSISTANCE 30,000
    TELLURIDE HISTORICAL MUSEUM
    PO BOX 1597
    TELLURIDE,CO81435     		NONE PC GENERAL ASSISTANCE 150
    THE HERITAGE FOUNDATION
    214 MASSACHUSETTS AVE NE
    WASHINGTON,DC20002     		NONE PC GENERAL ASSISTANCE 5,000
    THE LEADERSHIP INSTITUTE
    1101 NORTH HIGHLAND ST
    ARLINGTON,VA22201     		NONE PC GENERAL ASSISTANCE 5,000
    THE NEWBERRY LIBRARY
    60 WEST WALTON STREET
    CHICAGO,IL60610     		NONE PC GENERAL ASSISTANCE 125
    THE WHARTON SCHOOL OF THE UNIV OF PENNSYLVANIA
    2929 WALNUT STREET STE 300
    PHILADELPHIA,PA191045099     		NONE PC GENERAL ASSISTANCE 2,500
    TWO BY TWO
    470 W 4TH ST
    DUBUQUE,IA52001     		NONE PC GENERAL ASSISTANCE 15,000
    UNION LEAGUE BOYS & GIRLS
    65 W JACKSON BLVD
    CHICAGO,IL60604     		NONE PC GENERAL ASSISTANCE 5,000
    UNIVERSITY OF DUBUQUE
    2000 UNIVERSITY AVE
    DUBUQUE,IA52001     		NONE PC GENERAL ASSISTANCE 5,000
    WELLESLEY COLLEGE
    106 CENTRAL STREET
    WELLESLEY,MA024818023     		NONE PC GENERAL ASSISTANCE 10,000
    YOUNG AMERICANS FOR LIBERTY
    500 N CAPITAL OF TEXAS HWY BLDG 5
    STE 100
    AUSTIN,TX78746     		NONE PC GENERAL ASSISTANCE 15,000
    Total .................................bullet 3a 2,814,506
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 2,296  
    4 Dividends and interest from securities....     14 946,221  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 83,071  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aEXCISE TAX REFUNDED     		    01 93,215  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,124,803 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,124,803
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    THE BUTLER FAMILY FOUNDATION
     
    Employer identification number

    42-1429940
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    THE BUTLER FAMILY FOUNDATION
          		Employer identification number
    42-1429940
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    JOHN E ALICE L BUTLER
    800 MAIN ST
     
    DUBUQUE, IA52001

    		$ 819,739


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    THE BUTLER FAMILY FOUNDATION
          		Employer identification number

    42-1429940
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 21,429 SHARES OF PUBLICLY TRADED SECURITIES $ 819,739 2020-12-21
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    THE BUTLER FAMILY FOUNDATION
          		Employer identification number

    42-1429940
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    THE BUTLER FAMILY FOUNDATION
    EIN:
    42-1429940
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 2,725 1,363   1,362

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE BUTLER FAMILY FOUNDATION
    EIN:
    42-1429940
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBVIE INC 3,388 4,929
    ACCELERON PHARMA COM 151 512
    ACTIVISION BLIZZARD INC COM 243 464
    ADVANCED MICRO DEVICES INC 380 1,376
    AFFILIATED MANAGERS GROUP INC COM 2,514 3,356
    ALPHABET INC 394,119 1,299,895
    AMGEN 4,779 6,208
    ASTRAZENECA ADR REP 0.5 ORD 644 750
    BERKSHIRE HATHAWAY 1,524,997 3,478,150
    BEST BUY CO INC COM 995 1,497
    BIOGEN INC COM 1,577 1,714
    BIOMARIN PHARMACEUTICAL COM 1,453 1,666
    BOOKING HOLDINGS INC COM 1,836 2,227
    BRISTOL-MYERS SQUIBB CO COM 3,501 3,908
    BRUNSWICK CORP 1,421 2,440
    CARVANA CO CL A 231 958
    CELLECTIS ADS 1,039 2,246
    CENTENE CORP 1,129 1,441
    COMCAST CORP 1,563 2,148
    CONAGRA BRANDS INC 1,318 2,248
    CUMMINS INC 1,008 1,590
    CVS HEALTH CORPORATION 4,576 5,806
    DISCOVER FINANCIAL SERVICES 799 1,086
    DISH NETWORK CORPORATION 1,459 1,585
    DISNEY WALT CO 400 544
    DODGE & COX 1,188,046 1,291,082
    DODGE & COX INT FUND 1,966,130 2,170,348
    DOUBLELINE 1,060,439 1,083,796
    EASTMAN CHEM CO COM 1,813 2,808
    EHEALTH COM 416 494
    FACEBOOK INC CLASS A 815 1,366
    FEDEX CORP COM USD0.10 3,590 5,712
    FLOOR & DCOR HOLDINGS INC CL A 288 836
    GRAPHIC PACKAGING HOLDING CO 439 610
    GUARDANT HEALTH INC COM 232 387
    HUMANA INC 2,119 3,282
    ICICI BANK LIMITED SPON ADR 72 89
    INTELLIA THERAPEUTICS INC COM 183 707
    INVESCO LTD 2,135 2,388
    INVESCO QQQ TR UNITSER 1,109,030 1,910,651
    ISHARES CORE MSCI EMERGING 2,333,659 2,912,404
    ISHARES MSCI CHINA 488,421 711,153
    ISHARES GOLD TRUST 595,827 841,305
    ISHARES MSCI EAFE INDEX FUND 3,747,972 3,981,046
    ISHARES MSCI INDIA 573,486 669,646
    ISHARES MSCI JAPAN 1,197,046 1,447,389
    ISHARES S&P 500 GROWTH ETF 700,952 1,199,625
    JD.COM INC SPON ADS 620 2,022
    KNIGHT-SWIFT TRANSN HOLDINGS 753 1,046
    KROGER CO COM 3,217 4,446
    LAZARD EMERG MKT 620,772 564,412
    MARVELL TECH GROUP COM 2,480 5,847
    MATTHEWS PACIFIC TIGER FUND 1,883,510 3,669,320
    MERCK & CO INC 1,821 2,045
    METROPOLITAN WEST T/R 1,093,275 1,149,171
    MGM RESORTS INTERNATIONAL COM 1,451 1,639
    MICROSOFT CORP 3,394 7,117
    MORGAN STANLEY COM 1,768 3,015
    MOSAIC CO NEW COM 215 253
    NATERA INC COM 87 597
    NETFLIX INC 328 541
    NEUROCRINE BIOSCIENCES INC 572 671
    NEWMONT CORP COM ISIN 3,096 5,210
    NEWS CORP NEW COM 112 144
    NVIDIA CORPORATION 1,340 4,178
    NXP SEMICONDUCTORS N V 4,581 7,791
    PARNASSUS EQTY INC FUND 2,927,788 3,740,312
    PENSKE AUTOMOTIVE GROUP INC 1,105 1,544
    PGIM GLOBAL REAL ESTATE FUND 1,007,570 972,136
    PHILIP MORRIS INTERNATIONAL 6,185 7,203
    PINDUODUO 1,172 8,173
    PRIMECAP ODYSSEY STOCK FD 525,109 584,270
    PROCTER AND GAMBLE 2,244 3,339
    QUALCOMM INC 8,083 17,671
    QURATE RETAIL INC 870 1,207
    REGENERON PHARMACEUTICALS INC 5,696 9,179
    REGIONS FINANCIAL CORP 964 1,112
    ROKU INC COM CL A 302 2,324
    SCHWAB CHARLES CORP COM 1,871 2,652
    SCHWAB US TIPS EFT 686,304 792,021
    SCOTTS MIRACLE-GRO CO CL A 138 398
    SEA LIMITED ADS CLASS A 1,686 12,540
    SMUCKER J M CO 813 925
    SNAP INC CL A 290 1,352
    SPDR S&P 500 ETF TRUST 11,909,019 16,087,074
    SYSCO CORP 998 1,114
    T ROWE PRICE NEW ASIA 509,341 832,894
    T ROWE PRICE OVERSEAS STOCK 2,516,101 2,892,836
    TAPESTRY INC COM 1,594 2,393
    TENCENT HOLDINGS LIMITED 935 1,600
    TENNECO INC CL A 1,420 1,643
    TESLA INC 1,024 14,113
    THE TRADE DESK INC CL A 664 3,204
    TURNING POINT THERAPEUTICS INC 167 487
    ULTRAGENYX PHARMACEUTICAL INC 49 138
    UNITED PARCEL SERVICE INC 1,855 2,694
    UNITED RENTALS INC 1,206 2,551
    VANECK VECTORS GOLD MINERS ETF 362,570 626,148
    VANGUARD FINANCIALS ETF (VFH) 1,751,676 1,841,483
    VANGUARD FTSE EMERGING MARKET 661,497 900,510
    VANGUARD TOTAL BOND MARKET 2,931,246 3,128,858
    WESTROCK CO COM 2,056 2,568
    YUM CHINA HLDGS INC 1,058 1,541

    TY 2020 LegalFeesSchedule
    Name:
    THE BUTLER FAMILY FOUNDATION
    EIN:
    42-1429940
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL EXPENSE 2,451 1,226   1,225


    TY 2020 OtherExpensesSchedule
    Name:
    THE BUTLER FAMILY FOUNDATION
    EIN:
    42-1429940
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WIRE FEE 15 0   0


    TY 2020 OtherIncomeSchedule2
    Name:
    THE BUTLER FAMILY FOUNDATION
    EIN:
    42-1429940
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    EXCISE TAX REFUNDED 93,215   93,215


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE BUTLER FAMILY FOUNDATION
    EIN:
    42-1429940
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 130,187 130,187   0


    TY 2020 TaxesSchedule
    Name:
    THE BUTLER FAMILY FOUNDATION
    EIN:
    42-1429940
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 36,253 36,253   0