Overview
What is Burridge D Butler Memorial Trust Of Chicago?
Burridge D Butler Memorial Trust of Chicago is a tax-exempt trust established in 1951, as per Burridge D. Butler's will. This trust, situated in Cary, Illinois, is dedicated to charitable and educational purposes. It operates as a supporting organization, non-functionally integrated, to the Chicago Community Trust. The trust follows a total return structure, making distributions based on a moving three-year average of its assets' net fair market value. The distributions are computed to equal five percent of this average, with the calculation happening for each of the three years preceding the current year's distribution. The trust's mission involves distributing funds to various charitable and educational organizations, adhering to the provisions outlined in Mr. Butler's will.
Is Burridge D Butler Memorial Trust Of Chicago legitimate?
Burridge D Butler Memorial Trust Of Chicago is a legitimate nonprofit organization registered as a 501(c)(3) entity. Burridge D Butler Memorial Trust Of Chicago submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $127,279
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Burridge D Butler Memorial Trust Of Chicago?
The Burridge D. Butler Memorial Trust of Chicago is a charitable and educational organization established in 1951, following the last will and testament of Burridge D. Butler. This trust operates as a Type III non-functionally integrated supporting organization to the Chicago Community Trust. Its primary purpose is to make distributions equal to five percent of a moving three-year average of its net fair market value of assets, which are used to further the charitable and educational objectives of the Chicago Community Trust. The trust operates as a total return trust, meaning it aims to generate returns on its assets for distribution. The specific mission or objectives of the Burridge D. Butler Memorial Trust itself are not explicitly stated in the provided information.
Who is the CEO of Burridge D Butler Memorial Trust Of Chicago?
Jeffrey E Kintzler is the Chairman of Burridge D Butler Memorial Trust Of Chicago.
What is the revenue of Burridge D Butler Memorial Trust Of Chicago?
Burridge D Butler Memorial Trust Of Chicago's revenue in 2022 was $2,352,622.
Who are the executives of Burridge D Butler Memorial Trust Of Chicago and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $21,000
- Related: $0
- Other: $0
- Compensation: $18,400
- Related: $0
- Other: $0
- Compensation: $16,000
- Related: $0
- Other: $0
- Compensation: $16,000
- Related: $0
- Other: $0
- Compensation: $16,000
- Related: $0
- Other: $0
Where can I find the form 990 for Burridge D Butler Memorial Trust Of Chicago?
Burridge D Butler Memorial Trust Of Chicago's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Burridge D Butler Memorial Trust Of Chicago
The Burridge D. Butler Memorial Trust of Chicago, established in 1951 through the last will and testament of Burridge D. Butler, is a tax-exempt charitable and educational organization. This trust operates as a Type III non-functionally integrated supporting organization to the Chicago Community Trust. The primary objective of the Burridge D. Butler Memorial Trust of Chicago is to make distributions equal to five percent of the moving three-year average of its assets' net fair market value for each of the three years preceding the year of the current year distribution, based on a fiscal year. These distributions are directed towards the Chicago Community Trust, thereby contributing to its charitable and educational pursuits.
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Impact
October, 2024
The Burridge D. Butler Memorial Trust of Chicago positively impacts the community by supporting charitable and educational initiatives. Established in 1951 through the last will and testament of Burridge D. Butler, the Trust operates as a total return trust, which allows for strategic financial management and consistent funding over time.
By distributing funds to the Chicago Community Trust, the Trust ensures that donations are allocated according to the specific provisions set forth in Butler's will. This approach allows for a significant flow of resources, with distributions calculated at five percent of the moving three-year average of the trust's net fair market value. The Trust's focus on long-term sustainability helps bolster programs that address community needs, enhance educational opportunities, and foster philanthropy.
Ultimately, the impact of the Burridge D. Butler Memorial Trust manifests in the betterment of the Chicago community by enabling vital services, supporting educational initiatives, and promoting charitable activities that align with the vision of its founder.
This information is meant to be a general summary of Burridge D Butler Memorial Trust Of Chicago. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,352,622
- Gross Receipts: $8,787,675
Assets and Liabilities:
- Total Assets: $39,859,615
- Total Liabilities: $678,701
- Net Assets: $39,180,914
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Organization Details
Founding Year
1951
Phone
(224) 360-7686Principal Officer
Jeffrey E Kintzler
Main Address
PO BOX 519, CARY, IL, 60013
NTEE Category
Code: T900 - Philanthropy
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