Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2010
For calendar year 2010, or tax year beginning 08-01-2010 , and ending 07-31-2011
G
Check all that apply:
Name of foundation
FOLLETT EDUCATIONAL FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)2233 WEST STREET   Room/suite
City or town, state, and ZIP code
RIVER GROVE, IL60171
A Employer identification number

36-6104348
B Telephone number (see page 10 of the instructions)

(708) 437-2308
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$3,136,594J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
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 page 11 of the 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) 325,281
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 52,429 52,429  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
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).......      
12 Total. Add lines 1 through 11........ 377,710 52,429  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... 6,200      
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions)        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 789      
23 Other expenses (attach schedule)....... Click to see attachment 3,084      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 10,073 0   0
25 Contributions, gifts, grants paid........ 376,662 376,662
26 Total expenses and disbursements. Add lines 24 and 25 386,735 0   376,662
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -9,025
b Net investment income (if negative, enter -0-) 52,429
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
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............... 340,374 1,009,898 1,009,898
2 Savings and temporary cash investments..........      
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 page 15 of the
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)........ 55,191 Click to see attachment55,498 28,885
c Investments—corporate bonds (attach schedule)........ 124,654 Click to see attachment66,942 67,462
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 2,611,724 Click to see attachment1,990,580 2,030,349
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) 3,131,943 3,122,918 3,136,594
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
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 3,131,943 3,122,918
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 3,131,943 3,122,918
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,131,943 3,122,918
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 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 3,131,943
2 Enter amount from Part I, line 27a...................... 2 -9,025
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 3,122,918
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 3,122,918
Form 990-PF (2010)
Form 990-PF (2010)
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 Wells Fargo Bank CD P 2009-07-27 2010-08-02
b Citizens Bank CD P 2009-10-07 2010-08-09
c GNMA Pool # 508271 P 2004-01-23 2010-08-16
d HSBC Finance Corp Internotes Due 8/15/10 P 2005-08-15 2010-08-16
e Bank Hapoalim BM NY CD P 2009-02-24 2010-09-09
GNMA Pool # 508271 P 2004-01-23 2010-09-15
JP Morgan Chase CD P 2009-09-17 2010-09-17
MedFirst Bank CD P 2009-03-18 2010-09-20
Harris Bank CD P 2009-09-23 2010-09-23
GNMA Pool # 508271 P 2004-01-23 2010-10-15
Lehman Bank CD P 2008-04-30 2010-11-01
GNMA Pool # 508271 P 2004-01-23 2010-11-15
First Banking Center CD P 2008-01-30 2010-11-24
FHLMC CMO Due 2/15/2032 P 2003-07-31 2010-12-15
GNMA Pool # 508271 P 2004-01-23 2010-12-15
MidFirst Bank CD P 2009-05-28 2010-12-20
FHLMC CMO Due 2/15/2032 P 2003-07-31 2011-01-18
GNMA Pool # 508271 P 2004-01-23 2011-01-18
FHLMC CMO Due 2/15/2032 P 2003-07-31 2011-02-15
GNMA Pool # 508271 P 2004-01-23 2011-02-15
FHLMC CMO Due 2/15/2032 P 2003-07-31 2011-03-15
GNMA Pool # 508271 P 2004-01-23 2011-03-15
FHLMC CMO Due 2/15/2032 P 2003-07-31 2011-04-15
GNMA Pool # 508271 P 2004-01-23 2011-04-15
Fractional Share Citigroup P 2005-11-29 2011-05-09
FHLMC CMO Due 2/15/2032 P 2003-07-31 2011-05-16
GNMA Pool # 508271 P 2004-01-23 2011-05-16
FHLMC CMO Due 2/15/2032 P 2003-07-31 2011-06-15
GNMA Pool # 508271 P 2004-01-23 2011-06-15
FHLMC CMO Due 2/15/2032 P 2003-07-31 2011-07-15
GNMA Pool # 508271 P 2004-01-23 2011-07-15
(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 30,000 0 30,000 0
b 95,000 0 95,000 0
c 54 0 54 0
d 40,000 0 40,000 0
e 95,000 0 95,000 0
54 0 54 0
25,000 0 25,000 0
95,000 0 95,000 0
95,000 0 95,000 0
68 0 68 0
80,000 0 80,000 0
55 0 55 0
25,000 0 25,000 0
2,737 0 2,737 0
55 0 55 0
95,000 0 95,000 0
3,448 0 3,448 0
56 0 56 0
2,357 0 2,357 0
56 0 56 0
2,010 0 2,010 0
56 0 56 0
1,396 0 1,396 0
56 0 56 0
4 0 4 0
2,486 0 2,486 0
57 0 57 0
1,258 0 1,258 0
57 0 57 0
1,231 0 1,231 0
57 0 57 0
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 0 0 0 0
b 0 0 0 0
c 0 0 0 0
d 0 0 0 0
e 0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
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  
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 pages 13 and 17 of the 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
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 313,580 2,857,484 0.109740
2008 279,171 2,523,514 0.110628
2007 206,015 2,655,732 0.077574
2006 225,313 2,247,063 0.100270
2005 183,809 2,069,064 0.088837
2 Total of line 1, column (d) ...................... 2 0.487049
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.097410
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 2,957,527
5 Multiply line 4 by line 3....................... 5 288,093
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 524
7 Add lines 5 and 6......................... 7 288,617
8 Enter qualifying distributions from Part XII, line 4.............. 8 376,662
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2010)
Form 990-PF (2010)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 524
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% 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............................ 3 524
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 524
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 1,872
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. : -1872 7 1,872
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
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 1,348
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet1,348 Refunded Bullet 11  
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 page 19 of
the instructions for 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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 page 19 of the
    instructions)bulletIL
    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 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? 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
    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 page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    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 ofbulletRON GRIFFIN Telephone no.bullet (708) 437-2308
    Located atbullet2233 WEST STREETRIVER GROVEIL ZIP+4bullet601711817
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    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 page 20 of the 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 2010?.............
    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 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    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 page 20 of the instructions.) .........
    2b
     
    No
    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 2010 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 2010.)....................
    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 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (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 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the 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 page 22 of the 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
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    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 page 22 of the 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
    RICHARD ELLSPERMANN Pres/Trustee
    2.00     		0 0 0
    2233 WEST ST
    RIVER GROVE,IL60171
    RICHARD A WAICHLER Trustee
    1.00     		0 0 0
    2233 WEST ST
    RIVER GROVE,IL60171
    CHRISTOPHER TRAUT Trustee
    1.00     		0 0 0
    2233 WEST ST
    RIVER GROVE,IL60171
    THEMIS G GALANIS Treasurer
    8.00     		0 0 0
    2233 WEST ST
    RIVER GROVE,IL60171
    DOUG THOMPSON Trustee
    1.00     		0 0 0
    2233 WEST ST
    RIVER GROVE,IL60171
    KEITH O'HARA Vice President
    1.00     		0 0 0
    2233 WEST ST
    RIVER GROVE,IL60171
    CLIFF EWERT Secretary
    1.00     		0 0 0
    2233 WEST ST
    RIVER GROVE,IL60171
    LISA MCMANAMAN Trustee
    1.00     		0 0 0
    2233 WEST ST
    RIVER GROVE,IL60171
    MARK LITZSINGER Trustee
    1.00     		0 0 0
    2233 WEST ST
    RIVER GROVE,IL60171
    ALISON O'HARA Trustee
    1.00     		0 0 0
    2233 WEST ST
    RIVER GROVE,IL60171
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the 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
    3 Five highest-paid independent contractors for professional services (see page 23 of the 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  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the 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 page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the 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
    2,133,316
    b
    Average of monthly cash balances.......................
    1b
    869,249
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,002,565
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d..........................
    3
    3,002,565
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    45,038
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,957,527
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    147,876
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    147,876
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    524
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    524
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    147,352
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    147,352
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    147,352
    Part XII
    Qualifying Distributions (see page 25 of the 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
    376,662
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    376,662
    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 page 26 of the instructions)............
    5
    524
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    376,138
    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 (2010)
    Form 990-PF (2010)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2009     		(c)
    2009     		(d)
    2010
    1 Distributable amount for 2010 from Part XI, line 7 147,352
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005....... 81,859
    b From 2006....... 114,854
    c From 2007....... 76,322
    d From 2008....... 153,530
    e From 2009....... 172,080
    fTotal of lines 3a through e......... 598,645
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 376,662
    a Applied to 2009, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2010 distributable amount..... 147,352
    e Remaining amount distributed out of corpus 229,310
    5 Excess distributions carryover applied to 2010.    
    (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 5 827,955
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		81,859
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		746,096
    10 Analysis of line 9:
    a Excess from 2006.... 114,854
    b Excess from 2007.... 76,322
    c Excess from 2008.... 153,530
    d Excess from 2009.... 172,080
    e Excess from 2010.... 229,310
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the 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 2010, 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) 2010 (b) 2009 (c) 2008 (d) 2007
             
    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 organization had $5,000 or more in
    assets at any time during the year—see page 27 of the 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).)
    NONE
    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.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    FOLLETT CORPORATION - HUMAN RESOURC
    2233 WEST STREET
    RIVER GROVE,IL601711895
    (708) 437-2402
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION FORMS AVAILABLE UPON REQUEST
    cAny submission deadlines:
    MAY 1ST
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTEES ARE CHILDREN OF FOLLETT EMPLOYEES WITH AT LEAST 1 YEAR OF SERVICE.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    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
    JOHN ABALOS
    1145 WEST WILSON
    CHICAGO,IL60640     		  none Education Grant 1,125
    JORDAN AMES
    PO BOX 359
    SHEBOYGEN,WI00005     		  none Education Grant 2,750
    AMANDA AMMERMAN
    505 RAMAPO VALLEY ROAD
    MAHWAH,NJ07430     		  none Education Grant 1,500
    T BACHMAN-JOHNSON
    400 E COLLEGE ST
    GEORGETOWN,KY40324     		  none Education Grant 2,500
    S BEASON
    7500 GLENOAKS BLVD
    BURBANK,CA91510     		  none Education Grant 2,750
    M BHATTI
    1032 W SHERIDAN RD
    CHICAGO,IL60660     		  none Education Grant 1,500
    K BANTZ
    820 N LASALLE BLVD
    CHICAGO,IL60610     		  none Education Grant 1,250
    LAUREN BANTZ
    1001 E BELTLINE NE
    GRAND RAPIDS,MI49525     		  none Education Grant 1,250
    PATRICK BEKSHA
    PO BOX 3500-60
    BOSTON,MA02241     		  none Education Grant 2,250
    KAITLYN BELL
    CAMPUS BOX 1210
    NORMAL,IL61790     		  none Education Grant 2,000
    L BERRY
    425 FAWELL BLVD
    GLEN ELLYN,IL60137     		  none Education Grant 750
    K BIESTEK
    5 CALVIN HALL
    IOWA CITY,IA52242     		  none Education Grant 1,500
    M BIESTEK
    5 CALVIN HALL
    IOWA CITY,IA52242     		  none Education Grant 1,500
    GAREY BOGO
    29294 NETWORK PLACE
    CHICAGO,IL60673     		  none Education Grant 1,750
    ALICIA BOUCHEE
    8900 US HWY 14
    CRYSTAL LAKE,IL60012     		  none Education Grant 2,000
    HOLLY BROWN
    PO BOX 4635
    CLARKSVILLE,TN37044     		  none Education Grant 2,500
    J BROWN
    101 BROAD ST
    PLATTSBURGH,NY12901     		  none Education Grant 1,250
    M BUCKLEY
    699 S MILL AVE
    TEMPE,AZ85281     		  none Education Grant 1,250
    D CHATMAN
    6 HAIRPIN DR
    EDWARDSVILLE,IL62026     		  none Education Grant 1,500
    ADAM CHOCOLA
    518 W LOCUST ST
    DAVENPORT,IA52803     		  none Education Grant 1,500
    JOSEPH CHOCOLA
    518 W LOCUST
    DAVENPORT,IA52803     		  none Education Grant 3,000
    MICHELLE CHUA
    6525 N SHERIDAN RD
    CHICAGO,IL60626     		  none Education Grant 1,325
    KRISTINE CIRUELAS
    PO BOX 78750
    MILWAUKEE,WI53278     		  none Education Grant 2,250
    K COLLINS
    421 N WOODLAND BLVD
    DELAND,FL32723     		  none Education Grant 1,500
    TAYLOR CRANE
    PO BOX 2273
    HUNTSVILLE,TX77341     		  none Education Grant 2,000
    IAN CROWTHER
    PO BOX 8500-S8790
    PHILADELPHIA,PA19178     		  none Education Grant 2,000
    PAUL DEC
    75 REMITTANCE DR
    CHICAGO,IL60675     		  none Education Grant 2,250
    S DEC
    605 WASHINGTON ST
    FAYETTE,IA52142     		  none Education Grant 750
    RYAN DEFRONZO
    2500 NORTH RIVER RD
    MANCHESTER,NH03106     		  none Education Grant 2,500
    ANDREW DELCARMEN
    103 SHEILDS BUILDING
    UNIVERSITY PARK,PA16802     		  none Education Grant 3,000
    H DOUGLAS
    525 S CENTER ST
    REXBURG,ID83460     		  none Education Grant 1,500
    CARLY DIKUN
    CAMPUS BOX 1210
    NORMAL,IL61790     		  none Education Grant 3,000
    E DUESTERHAUS
    100 POMERANTZ CENTER
    IOWA CITY,IA52242     		  none Education Grant 750
    JOANNE DUITS
    24255 PACIFIC COAST HWY
    MALIBU,CA90263     		  none Education Grant 1,250
    M DUITS
    1250 BELLFLOWER BLVD
    LONG BEACH,CA90840     		  none Education Grant 750
    KRISTINE ELY
    BOX 5076
    COOKEVILLE,TN38505     		  none Education Grant 3,000
    ROBERT ENGENGRO
    501 CRESCENT ST
    NEW HAVEN,CT06515     		  none Education Grant 2,000
    D ESTRADA
    7900 DIVISION ST
    RIVER FOREST,IL60305     		  none Education Grant 1,250
    BRITTANY EVANS
    1 CAMPUS DRIVE
    ALLENDALE,MI49401     		  none Education Grant 3,000
    A FLEISHER
    1700 WADE HAMPTON BLVD
    GREENVILLE,SC29614     		  None Education Grant 375
    N FLEISHER
    1700 WADE HAMPTON BLVD
    GREENVILLE,SC29614     		  none Education Grant 375
    B FOLK
    1331 CIRCLE PARK DR
    KNOXVILLE,TN37996     		  none Education Grant 3,000
    T FOX
    14049 SCENIC HWY
    LOOKOUT MOUNTAIN,GA30750     		  none Education Grant 1,500
    A FRANK
    2200 KENWOOD BLVD
    MILWAUKEE,WI53211     		  none Education Grant 750
    W FRANK
    175 W MARK ST
    WINONA,MN55987     		  none Education Grant 750
    STEPHANIE FRANZ
    111 ALAMANCE
    ELON,NC27244     		  none Education Grant 2,750
    A GALLO
    2083 LAWRENCEVILLE RD
    LAWRENCEVILLE,NJ08648     		  none Education Grant 1,500
    T GALLO
    1650 HOLLOWAY AVE
    SAN FRANCISCO,CA94132     		  none Education Grant 1,450
    A GARCIA
    6453 KENMORE AVE
    CHICAGO,IL60660     		  none Education Grant 1,375
    LANETTE GARCIA
    515 E JEFFERSON ST
    ANN ARBOR,MI48109     		  none Education Grant 3,000
    C GERDES
    3301 SAINT MARYS ROAD
    ST MARY OF THE WOODS,IN47876     		  none Education Grant 1,000
    KEITH GILTNER
    2000 FIFTH AVE
    RIVER GROVE,IL60171     		  none Education Grant 750
    LINDSAY GLASS
    ZIMBAR-LIJENSTEIN HALL
    EAST STROUDSBURG,PA18301     		  none Education Grant 3,250
    B GONZALEZ
    2101 W GARVEY AVE
    WEST COVINA,CA91790     		  none Education Grant 1,000
    E GULICK
    610 PURDUE MALL
    WEST LAFAYETTE,IN47907     		  none Education Grant 750
    CHRISTOPHER GULLO
    120 BOYLSTON ST
    BOSTON,MA02116     		  none Education Grant 1,125
    SAMUEL GUSTIN
    1215 HOUBOLT RD
    JOLIET,IL60431     		  none Education Grant 1,250
    ANNALISE GUTZMER
    CAMPUS BOX 1210
    NORMAL,IL61790     		  none Education Grant 2,500
    MARK GUTZMER
    PO BOX 4386
    CAROL STREAM,IL60197     		  none Education Grant 3,000
    TARA HALL
    PO BOX 2391
    NEW YORK,NY10116     		  none Education Grant 2,250
    R HARRIS
    8900 US 14
    CRYSTAL LAKE,IL60012     		  none Education Grant 2,000
    R HARVEY
    1400 COLLEGE DR
    WACO,TX76708     		  none Education Grant 2,750
    L HENRICKSON
    2001 ALFORD PARK DR
    KENOSHA,WI53140     		  none Education Grant 2,500
    JEFFREY HILTON
    278 WHITE BRIDGE RD
    STANDISH,ME04084     		  none Education Grant 1,739
    LAUREN HOLM
    1420 AUSTIN BLUFFS PWY
    COLORADO SPRINGS,CO80918     		  none Education Grant 3,000
    LINDSI HOLM
    PO BOX 173362
    DENVER,CO80217     		  none Education Grant 2,500
    REBECCA HOLMES
    210 S COLLEGE AVE
    NEWARK,DE19716     		  none Education Grant 2,000
    S HONEYCUTT
    1155 UNION CIRCLE
    DENTON,TX76203     		  none Education Grant 2,000
    A JOHNSON
    12 EAST 53RD ST
    NEW YORK,NY10022     		  none Education Grant 2,500
    B JOHNSON
    1400 R ST
    LINCOLN,NE68588     		  none Education Grant 2,500
    MORGAN JUDGE
    118 RUSSELL HALL
    LOCK HAVEN,PA17745     		  none Education Grant 1,250
    A KEENUM
    139 AGRICULTURE
    STILLWATER,OK74078     		  none Education Grant 1,500
    R KENNEDY
    702 W COLLEGE AVE
    NORMAL,IL61761     		  none Education Grant 2,500
    JESSICA KEOGH
    801 E KIRKWOOD AVE
    BLOOMINGTON,IN47405     		  none Education Grant 2,000
    A KRIKEGAARD
    1220 DOUGLAS DR
    CARBONDALE,IL62901     		  none Education Grant 2,250
    D KRIKEGAARD
    162 HENRY ADMIN BLDG
    URBANA,IL61801     		  none Education Grant 1,750
    K KRIKEGAARD
    702 W COLLEGE AVE
    NORMAL,IL61761     		  none Education Grant 3,000
    KYLE KILPATRICK
    UC 119
    MOUNT PLEASANT,MI48859     		  none Education Grant 2,500
    ERIC KISLY
    1400 TOWNSEND DR
    HOUGHTON,MI49931     		  none Education Grant 3,000
    LAUREN KISLY
    620 E JOHN ST
    CHAMPAIGN,IL61801     		  none Education Grant 3,000
    JORDAN KLOBUSNIK
    601 E KIRKWOOD AVE
    BLOOMINGTON,IN47405     		  none Education Grant 1,250
    RYAN KLOBUSNIK
    SCHLEMAN HALL
    WEST LAFAYETTE,IN47907     		  none Education Grant 1,250
    AMANDA KRAUTSTRUNK
    1700 SPARTAN DR
    ELGIN,IL60123     		  none Education Grant 1,750
    S KRAUTSTRUNK
    1700 SPARTAN DR
    ELGIN,IL60123     		  none Education Grant 1,500
    NICHOLAS KUCHARSKI
    8900 US HWY 14
    CRYSTAL LAKE,IL60012     		  none Education Grant 2,750
    ANTHONY KUSZ
    SWEN PARSON HALL 210
    DEKALB,IL60115     		  none Education Grant 2,250
    ELIZABETH LAMAY
    881 COMMONWEALTH AVE
    BOSTON,MA02215     		  none Education Grant 2,500
    LYNN LE
    5500 N ST LOUIS
    CHICAGO,IL60625     		  none Education Grant 3,000
    M LEMMON
    1385 WOODROFFE AVE
    OTTAWA,IL61350     		  none Education Grant 750
    GREG LEPPERT
    9000 W COLLEGE PARKWAY
    PALOS HILLS,IL60465     		  none Education Grant 520
    MELISSA LEPPERT
    CAMPUS BOX 1210
    NORMAL,IL61790     		  none Education Grant 750
    K LEWIS
    2000 5TH AVE
    RIVER GROVE,IL60171     		  none Education Grant 2,500
    S LUCERO
    699 S MILL AVE
    TEMPE,AZ85281     		  none Education Grant 1,250
    TRAVIS MADEIRA
    3000 CAMPUS HILL DR
    LIVEMORE,CA94551     		  none Education Grant 1,351
    A MARSHALL
    525 S CENTER ST
    REXBURG,ID83460     		  none Education Grant 1,500
    C MARSHALL
    802 GRAND AVE
    GLENWOOD SPRINGS,CO81601     		  none Education Grant 500
    RYAN MARRS
    SWEN PARSON HALL 210
    DEKALB,IL60115     		  none Education Grant 2,500
    WHITNEY MASON
    ASU ACCOUNTS OFFICE
    SAN ANGELO,TX76909     		  none Education Grant 3,000
    TIMOTHY MATT
    518 W LOCUST
    DAVENPORT,IA52803     		  none Education Grant 3,000
    J MATHEWS
    225 NORTH AVE
    ATLANTA,GA30332     		  none Education Grant 2,000
    AMY MATIAS
    4300 N NARRAGANSETT
    CHICAGO,IL60634     		  none Education Grant 1,639
    GREGORY MATTHEWS
    430 S MICHIGAN AVE
    CHICAGO,IL60605     		  none Education Grant 2,500
    C MAY
    100 WEST COLLEGE ST
    GRANVILLE,OH43023     		  none Education Grant 2,000
    Z MACDONELL
    1 GRAND AVE
    SAN LUIS OBISPO,CA93407     		  none Education Grant 2,750
    KALI MCGUCKIN
    CAMPUS BOX 1210
    NORMAL,IL61790     		  none Education Grant 3,000
    HALEY MCMAHON
    100 OCHRE POINT AVE
    NEWPORT,RI02840     		  none Education Grant 3,000
    NICOLE MELE
    2900 PURCHASE ST
    PURCHASE,NY10577     		  none Education Grant 1,500
    CHRISTINA MENDEZ
    162 HENRY ADMIN BLDG
    URBANA,IL61801     		  none Education Grant 2,000
    ERICA MENDEZ
    55 EAST JACKSON BLVD
    CHICAGO,IL60604     		  none Education Grant 2,750
    M MILLS
    190 PROSPECT AVE
    ELMHURST,IL60126     		  none Education Grant 1,750
    JESSICA MOORE
    A1500 UNIVERSITY CENTER
    TALLAHASSEE,FL32306     		  none Education Grant 2,000
    P NEAT
    141 EAST COLLEGE AVE
    DECATUR,GA30030     		  none Education Grant 2,500
    L NEUMANN
    1 HAWK DR
    NEW PLATZ,NY12561     		  none Education Grant 2,500
    J NIXON
    2000 N PARKWAY
    MEMPHIS,TN38112     		  none Education Grant 1,500
    J NIXON
    800 LAKESHORE DR
    BIRMINGHAM,AL35209     		  none Education Grant 2,500
    TRAVIS NOLDER
    601 REGENCY DR
    GLENDALE HEIGHTS,IL60185     		  none Education Grant 2,500
    JONATHAN NORTH
    2001 MAIN ST
    BUFFALO,NY14208     		  none Education Grant 2,000
    STEVEN OLIVERI
    30 N BRAINARD ST
    NAPERVILLE,IL60540     		  none Education Grant 3,000
    S OSBOURNE
    30 CAMPUS ROAD
    ANNANDALE ON HUDSON,NY12504     		  none Education Grant 1,750
    M OZENKOSKI
    1 UNIVERSITY AVE
    FULTON,MO65251     		  none Education Grant 1,250
    EVAN PACOSA
    PO BOX 1630
    WESTFIELD,MA01086     		  none Education Grant 1,500
    N PALMA
    1 E JACKSON BLVD
    CHICAGO,IL60604     		  none Education Grant 1,835
    SAMANTHA PALMA
    1 E JACKSON BLVD
    CHICAGO,IL60604     		  none Education Grant 2,665
    SAMANTHA PALOMAKI
    8900 US HWY 14
    CRYSTAL LAKE,IL60012     		  none Education Grant 2,000
    JUSTIN PATINO
    5 CALVIN HALL
    IOWA CITY,IA52242     		  none Education Grant 750
    H PECORARO
    8900 US 14
    CRYSTAL LAKE,IL60012     		  none Education Grant 875
    A PEDERA
    2000 5TH AVE
    RIVER GROVE,IL60171     		  none Education Grant 750
    M PEREZ
    1032 W SHERIDAN RD
    CHICAGO,IL60660     		  none Education Grant 1,750
    K PETERSON
    UNIVERSITY RELATIONS
    AMES,IA50011     		  none Education Grant 750
    LISA PETRAS
    19351 W WASHINGTON ST
    GRAYSLAKE,IL60030     		  none Education Grant 2,500
    E PETRIE
    425 FAWELL BLVD
    GLEN ELLYN,IL60137     		  none Education Grant 750
    ANNA PIETRUS
    30 N BRAINARD
    NAPERVILLE,IL60540     		  none Education Grant 2,000
    SAMANTHA PITZEN
    900 WOOD RD
    KENOSHA,WI53141     		  none Education Grant 2,750
    B RATCLIFF
    410 CHURCH ST SOUTHEAST
    MINNEAPOLIS,MN55455     		  none Education Grant 1,750
    SHANNON RATCLIFF
    PO BOX 2207
    COLUMBUS,GA31902     		  none Education Grant 3,619
    B REINDERS
    3303 REBECCA ST
    SIOUX CITY,IA51104     		  none Education Grant 2,250
    ROBERT REINDERS
    1319 GALVIN RD
    BELLEVUE,NE68005     		  none Education Grant 3,000
    ELIZABETH RENKOR
    639 38TH ST
    ROCK ISLAND,IL61201     		  none Education Grant 2,500
    ERIC RENKOR
    BOX 90759
    DURHAM,NC27708     		  none Education Grant 2,000
    J REYES
    162 HENRY ADMIN BLDG
    URBANA,IL61801     		  none Education Grant 750
    N RICOTTA
    3141 CHESTNUT ST
    PHILADELPHIA,PA19104     		  none Education Grant 1,500
    ALLISON ROKUSEK
    1032 W SHERIDAN RD
    CHICAGO,IL60660     		  none Education Grant 1,000
    JANNA ROKUSEK
    36 S WABASH
    CHICAGO,IL60603     		  none Education Grant 2,750
    K ROUSH
    429 N CHURCH ST
    SPARTANBURG,SC29303     		  none Education Grant 1,750
    SARAH RUSK
    600 LINCOLN AVE
    CHARLESTON,IL61920     		  none Education Grant 2,250
    MARK SAFE
    PO BOX 1746
    BUFFALO,NY14240     		  none Education Grant 2,500
    A SALAMA
    1200 E UNIVERSITY BLVD
    TUCSON,AZ85719     		  none Education Grant 1,500
    B SALIN
    202 S HALSTED ST
    CHICAGO HEIGHTS,IL60411     		  none Education Grant 2,000
    KATHRYN SAS
    14049 SCENIC HIGHWAY
    LOOKOUT MOUNTAIN,GA30750     		  none Education Grant 2,500
    R SCHAAB
    1025 WEST JOHNSON ST
    MADISON,WI53706     		  none Education Grant 2,500
    KELSEY SCHIEL
    1151 N STATE ST
    ELGIN,IL60123     		  none Education Grant 2,750
    K SCHOVER
    2065 HALF DAY ROAD
    DEERFIELD,IL60015     		  none Education Grant 2,000
    D SEELYE
    8900 US 14
    CRYSTAL LAKE,IL60012     		  none Education Grant 1,341
    G SEWELL
    1025 WEST JOHNSON ST
    MADISON,WI53706     		  none Education Grant 1,000
    SAMANTHA SEWELL
    1450 ALTA VISTA ST
    DUBUQUE,IA52001     		  none Education Grant 2,000
    GARRETT SHAW
    6015 CAMPUS DELIVERY
    FORT COLLINS,CO80523     		  none Education Grant 1,750
    CAMERON SHORT
    550 HUNTINGTON AVE
    BOSTON,MA01913     		  none Education Grant 1,750
    T SIERACKI
    2300 WEST INNES ST
    SALISBURY,NC28144     		  none Education Grant 446
    BRUNO SIME
    2641 KENNEDY BLVD
    JERSEY CITY,NJ07306     		  none Education Grant 3,250
    M SKOOG
    311 JESSE HALL
    COLUMBIA,MO65211     		  none Education Grant 2,000
    ISAIAH SMALLEY
    600 S MICHIGAN AVE
    CHICAGO,IL60605     		  none Education Grant 3,000
    A SMITH
    401 JOE ROUTT BLVD
    COLLEGE STATION,TX77843     		  none Education Grant 750
    JESSE SMITH
    2046 NORTH PARKWAY
    JACKSON,TN38301     		  none Education Grant 2,000
    K SMITH
    1 UNIVERSITY CIRCLE
    MACOMB,IL61455     		  none Education Grant 1,250
    L SMITH
    425 FAWELL BLVD
    GLEN ELLYN,IL60137     		  none Education Grant 1,778
    E SPANGLER
    1 UNIVERSITY CIR
    MACOMB,IL61455     		  none Education Grant 2,250
    LACEY STANFORD
    1400 COLLEGE DR
    WACO,TX76708     		  none Education Grant 2,500
    KRISTEN STEELE
    1400 W STATE ST
    WEST LAFAYETTE,IN47906     		  none Education Grant 3,675
    HAYLIE STRONER
    8900 US HWY 14
    CRYSTAL LAKE,IL60012     		  none Education Grant 2,000
    C SULT
    1700 CHAPEL DR
    VALPARASIO,IN46383     		  none Education Grant 2,250
    ALYSSA TAMLYN-HAYDEN
    541 MAIN ST
    NEW LONDON,NH03257     		  none Education Grant 2,250
    A TERRAGNOLI
    2001 MAIN ST
    BUFFALO,NY14208     		  none Education Grant 3,000
    R TERRAGNOLI
    ONE LOMB MEMORIAL DR
    ROCHESTER,NY14623     		  none Education Grant 1,500
    MICHAEL THOMPSON
    162 HENRY ADMINISTRATION BLDG
    URBANA,IL61801     		  none Education Grant 3,250
    WILLIAM THORNTON
    1 FORESTRY DR
    SYRACUSE,NY13210     		  none Education Grant 2,500
    MICHAEL TORIO
    1200 W ALGONQUIN RD
    PALATINE,IL60067     		  none Education Grant 1,750
    ANGELA TROY
    900 S NORMAL AVE
    CARBONDALE,IL62901     		  none Education Grant 3,000
    KATHERINE TYNAN
    CAMPUS BOX 1210
    NORMAL,IL61796     		  none Education Grant 3,000
    KYLE TYNAN
    425 FAWELL BLVD
    GLEN ELLYN,IL60137     		  none Education Grant 2,250
    RYAN TYSON
    ONE UNIVERSITY DR
    ORANGE,CA92866     		  none Education Grant 1,750
    KRISTINA VANNATTER
    DISTRICT 1500
    FORT WORTH,TX76102     		  none Education Grant 2,250
    E WAHRMAN
    1425 WEST LINCOLN HIGHWAY
    DEKALB,IL60115     		  none Education Grant 2,750
    E WAMBACK
    33701 STATE RD 52
    ST LEO,FL33574     		  none Education Grant 1,500
    J WARREN
    5115 HAMPTON BLVD
    NORFOLK,VA23508     		  none Education Grant 805
    J WEDIG
    1205 W JOHNSON ST
    MADISON,WI53706     		  none Education Grant 1,250
    B WESTRICK
    521 LANCASTER AVE
    RICHMOND,KY40475     		  none Education Grant 625
    B WHITE
    1200 E UNIVERSITY BLVD
    TUCSON,AZ85719     		  none Education Grant 1,500
    M WHITING
    702 W COLLEGE AVE
    NORMAL,IL61761     		  none Education Grant 1,849
    DANIEL WILLER
    2507 UNIVERSITY AVE
    DES MOINES,IA50311     		  none Education Grant 1,750
    A WILLMONT
    1500 SOUTHWEST JEFFERSON WAY
    CORVALLIS,OR97331     		  none Education Grant 1,250
    B WOJOCIECHOSKI
    8900 US 14
    CRYSTAL LAKE,IL60012     		  none Education Grant 1,500
    MEGAN WRIGHT
    900 WOOD RD
    KENOSHA,WI53141     		  none Education Grant 3,000
    AMANDA WRIGLEY
    160 PEARL ST
    FITCHBURG,MA01420     		  none Education Grant 1,500
    K YOUNG
    5100 ROCKHILL ROAD
    KANSAS CITY,MO64110     		  none Education Grant 2,500
    Total .................................bullet 3a 376,662
    bApproved for future payment
    Total ..................................bullet 3b  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    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 page 28 of
    the 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....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 52,429  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory          
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   52,429  
    13Total. Add line 12, columns (b), (d), and (e)...................
    1352,429
    (See worksheet in line 13 instructions on page 28 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 organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    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
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    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) of the Code (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
    SignHere
    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 or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2010)
    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.
    OMB No. 1545-0047
    2010
    Name of organization
    FOLLETT EDUCATIONAL FOUNDATION
     
    Employer identification number

    36-6104348
    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 is not covered by the General Rule and/or the Special Rules does not 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 in the heading of its
    Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not 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) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 2 of Part I
    Name of organization
    FOLLETT EDUCATIONAL FOUNDATION
          		Employer identification number

    36-6104348
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    1
     
     

    DAWN SCHUMAN    
    2233 WEST STREET
       
    RIVER GROVE, IL   60171

    		$5,000




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    2
    SUMMIT FOUNDATION
     

         
    111 LINCOLN AVE
       
    BRECKENRIDGE, CO   80424

    		$5,000




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    3
     
     

    RUTH FOLLETT    
    815 FRANKLIN AVE
       
    RIVER FOREST, IL   60305

    		$10,000




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    4
     
     

    DOUG THOMPSON    
    425 BONNIE BRAE ROAD
       
    HINSDALE, IL   60521

    		$5,000




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    5
     
     

    VIRGINIA FAESEN    
    PO BOX 386
       
    WINFIELD, IL   60190

    		$10,000




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    6
    FOLLETT CORPORATION
     

         
    2233 WEST STREET
       
    RIVER GROVE, IL   60171

    		$223,308




    (Complete Part II if there is
    a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 2 of 2 of Part I
    Name of organization
    FOLLETT EDUCATIONAL FOUNDATION
          		Employer identification number

    36-6104348
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    7
    COCA COLA
     

         
    1 COCA COLA PLZ NW
       
    ATLANTA, GA   30313

    		$17,959




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part II
    Name of organization
    FOLLETT EDUCATIONAL FOUNDATION
          		Employer identification number

    36-6104348
    Part II
    Noncash Property (see Instructions)
    		     
    (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
     
    		$    
    (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) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part III
    Name of organization
    FOLLETT EDUCATIONAL FOUNDATION
          		Employer identification number

    36-6104348
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    aggregating more than $1,000 for the year. (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 $  
    (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) (2010)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    FOLLETT EDUCATIONAL FOUNDATION
    EIN: 36-6104348
    Name of Bond End of Year Book Value End of Year Fair Market Value
    Freddie Mac CMO Due 2/15/2032 23,140 23,747
    GMAC Smartnotes Due 8/15/2018 40,000 39,890
    GNMA Pool 508271X 3,802 3,825

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    FOLLETT EDUCATIONAL FOUNDATION
    EIN: 36-6104348
    Name of Stock End of Year Book Value End of Year Fair Market Value
    40 Shares McGraw Hill 1,019 1,664
    328.427003 Shares Pfizer, Inc 9,964 6,322
    126.416087 Shares General Electric 4,996 2,264
    150 Shares Pfizer, Inc 4,418 2,888
    29 Shares Johnson & Johnson 1,661 1,879
    1369 Shares CNO Financial Group, Inc 28,065 10,062
    2 Shares Citigroup, Inc 1,026 77
    96.964000 Shares Walgreens 4,349 3,729

    TY 2010 InvestmentsOtherSchedule2
    Name:
    FOLLETT EDUCATIONAL FOUNDATION
    EIN: 36-6104348
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    American Century Balanced Fund   521,558 510,009
    American Century Growth Fund   185,936 209,013
    American Century International Growth Fund   123,988 93,079
    American Century Select Fund   496,594 492,119
    Auburn Bank CD Due 3/6/19   95,000 98,946
    Capital One Nat'l Assn CD Due 04/16/13   50,000 52,874
    Doral Bank CD Due 10/9/13   95,000 98,906
    Federated Kaufman Fund   182,499 229,231
    Goldman Sachs Bank CD Due 3/4/19   95,000 99,434
    Marshall & Ilsley Bank CD   25,005 25,400
    Meridian Bank CD Due 9/17/21   95,000 95,460
    Southwest Bank CD Due 6/18/29   25,000 25,878

    TY 2010 OtherExpensesSchedule
    Name:
    FOLLETT EDUCATIONAL FOUNDATION
    EIN: 36-6104348
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    State Filing Fees 25      
    Miscellaneous Adm 300      
    Bank Service Charges 154      
    Insurance 2,337      
    Supplies 268