Butler University’s endowment totaled $150 million as of August 2012, but President Jim Danko’s strategic vision wants to increase it to $750 million by 2025. In order to achieve this goal, Butler’s endowment would need to grow by more than $4 million per month, on average, from September 2012 to 2025. During Butler’s last fiscal…
Officials allocate money to cover $2.28M deficit
Butler University officials used money from two funds to make up for a $2.28 million deficit in this year’s projected budget. $1.145 million from last year’s surplus will be used in part to cover the deficit. The remaining $1.135 million will come from a contingency fund, a sort of cushion for the university budget. Several…
Core budget gap filled
Butler University’s core curriculum no longer faces a budget gap as the 2012-13 school year gets underway. The core curriculum faced a budget shortfall of $400,000 last April. “Funding for the core was never in jeopardy,” said Ben Hunter, chief of staff and executive director of public safety. “The core will always be funded.” Hunter…
Hinkle Fieldhouse undergoes major exterior, interior renovations
The first major renovation of Hinkle Fieldhouse since the early-1990s is progressing as expected, school officials said. “Overall, I think it has gone well,” Richard Michal, executive director of facilities, said. “It has been challenging, but we knew it would be getting into it.” Michal said he views the renovation as two distinct projects: exterior…
OPINION | Construction congests campus but is ultimately worthwhile
Students should use patience while they navigate around the several construction projects on campus. There are many construction sites around campus, and students should understand that these upgrades are necessary and beneficial. These developing areas are a good sign that Butler is putting our tuition dollars to good use, especially after raising the tuition for…
Financial aid packages tailored to students
As course schedules are filling for next semester, financial aid is always something on the minds of students this time of year. With tuition and room and board increases, most students want as much financial aid as possible. For 2011-12, 28 percent of Butler University’s expense budget was dedicated to financial aid, totaling $47,672,800. The…
Parking revenue brings in nearly $370,000
Butler University Police Department made about 90 percent of its more than $400,000 total income last year from parking revenues. Registration fees made up $241,555, $104,290 came from tickets and $23,635.92 came from parking meters, according to a 2010-11 budget. Police Chief Ben Hunter said BUPD couldn’t sustain itself on parking revenues alone, but it…