Answered By: Amanda Starkel Last Updated: Jun 18, 2014 Views: 82
Founder's Day is February 7, the birthday of Ovid Butler.
Here is a scanned copy of a short booklet from 1882 that says:
"At a meeting of the Board of Directors of Butler University, on motion of A. I. Hobbs, it was unanimously ordered 'that the seventh day of February be observed as Founder's Day, and that the Faculty arrange for proper memorial services to be held at the University on that day.' "