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
2011
For calendar year 2011, or tax year beginning 08-01-2011 , and ending 07-31-2012
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$3,150,523J 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) 235,141
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 63,351 63,351  
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)....... Click to see attachment 16,695    
12 Total. Add lines 1 through 11........ 315,187 63,351  
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)....... 6,500      
c Other professional fees (attach schedule).... 473      
17 Interest............... 15      
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.......... 1,467      
23 Other expenses (attach schedule)....... Click to see attachment 10,498      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 18,953 0   0
25 Contributions, gifts, grants paid........ 319,505 319,505
26 Total expenses and disbursements. Add lines 24 and 25 338,458 0   319,505
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -23,271
b Net investment income (if negative, enter -0-) 63,351
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 (2011)
Form 990-PF (2011)
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............... 1,009,898 237,208 237,208
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)........ 55,498 Click to see attachment55,944 33,519
c Investments—corporate bonds (attach schedule)........ 66,942 Click to see attachment45,953 45,811
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 1,990,580 Click to see attachment2,760,542 2,833,985
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) 3,122,918 3,099,647 3,150,523
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.................... 3,122,918 3,099,647
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).................... 3,122,918 3,099,647
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,122,918 3,099,647
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 3,122,918
2 Enter amount from Part I, line 27a..................... 2 -23,271
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 3,099,647
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 3,099,647
Form 990-PF (2011)
Form 990-PF (2011)
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 FHLMC CMO Due 2/15/2032 P 2003-07-31 2011-08-15
b GNMA Pool #508271 P 2004-01-23 2011-08-15
c FHLMC CMO Due 2/15/2032 P 2003-07-31 2011-09-15
d GNMA Pool #508271 P 2004-01-23 2011-09-15
e Meridan Bank CD P 2009-03-06 2011-09-19
FHLMC CMO Due 2/15/2032 P 2003-07-31 2011-10-17
GNMA Pool #508271 P 2004-01-23 2011-10-17
FHLMC CMO Due 2/15/2032 P 2003-07-31 2011-11-15
GNMA Pool #508271 P 2004-01-23 2011-11-15
FHLMC CMO Due 2/15/2032 P 2003-07-31 2011-12-15
GNMA Pool #508271 P 2004-01-23 2011-12-15
FHLMC CMO Due 2/15/2032 P 2003-07-31 2012-01-17
GNMA Pool #508271 P 2004-01-23 2012-01-17
Marshall & Isley Bank CD P 2008-01-30 2012-02-08
FHLMC CMO Due 2/15/2032 P 2003-07-31 2012-02-15
GNMA Pool #508271 P 2004-01-23 2012-02-15
FHLMC CMO Due 2/15/2032 P 2003-07-31 2012-03-15
GNMA Pool #508271 P 2004-01-23 2012-03-15
FHLMC CMO Due 2/15/2032 P 2003-07-31 2012-04-16
GNMA Pool #508271 P 2004-01-23 2012-04-16
FHLMC CMO Due 2/15/2032 P 2003-07-31 2012-05-15
GNMA Pool #508271 P 2004-01-23 2012-05-15
FHLMC CMO Due 2/15/2032 P 2003-07-31 2012-06-15
GNMA Pool #508271 P 2004-01-23 2012-06-15
Southwest Bank CD P 2009-06-03 2012-06-18
FHLMC CMO Due 2/15/2032 P 2003-07-31 2012-07-16
GNMA Pool #508271 P 2004-01-23 2012-07-16
(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 1,851 0 1,851 0
b 58 0 58 0
c 1,280 0 1,280 0
d 58 0 58 0
e 95,000 0 95,000 0
1,744 0 1,744 0
59 0 59 0
1,356 0 1,356 0
59 0 59 0
1,877 0 1,877 0
59 0 59 0
2,146 0 2,146 0
60 0 60 0
25,000 0 25,000 0
1,906 0 1,906 0
60 0 60 0
1,613 0 1,613 0
60 0 60 0
1,615 0 1,615 0
61 0 61 0
1,384 0 1,384 0
61 0 61 0
1,781 0 1,781 0
61 0 61 0
25,000 0 25,000 0
1,719 0 1,719 0
62 0 62 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
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))
2010 376,138 2,957,527 0.127180
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
2 Total of line 1, column (d) ...................... 2 0.525392
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 0.105078
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 2,925,684
5 Multiply line 4 by line 3....................... 5 307,425
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 634
7 Add lines 5 and 6......................... 7 308,059
8 Enter qualifying distributions from Part XII, line 4.............. 8 319,505
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 (2011)
Form 990-PF (2011)
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 1 634
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............................ 3 634
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- ..... 5 634
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 1,348
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.............. : -1348 7 1,348
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 10 714
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet714 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 2011 or the taxable year beginning in 2011 (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 2011, 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 (2011)
    Form 990-PF (2011)
    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 2011?.............
    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 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    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 2011 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 2011.)....................
    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 2011?
    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 (2011)
    Form 990-PF (2011)
    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
    BRITTEN FOLLETT 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
    RON GRIFFIN Treasurer
    8.00     		0 0 0
    2233 WEST ST
    RIVER GROVE,IL60171
    MATTHEW FOLLETT 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
    JOE SKAGGS Secretary
    1.00     		0 0 0
    2233 WEST ST
    RIVER GROVE,IL60171
    ALAN STRATMAN Trustee
    1.00     		0 0 0
    2233 WEST ST
    RIVER GROVE,IL60171
    ELIO DISTAOLA 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 (2011)
    Form 990-PF (2011)
    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
    2,593,282
    b
    Average of monthly cash balances.......................
    1b
    376,956
    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
    2,970,238
    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
    2,970,238
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    44,554
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,925,684
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    146,284
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    146,284
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    634
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    634
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    145,650
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    145,650
    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
    145,650
    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
    319,505
    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
    319,505
    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
    634
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    318,871
    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 (2011)
    Form 990-PF (2011)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2010     		(c)
    2010     		(d)
    2011
    1 Distributable amount for 2011 from Part XI, line 7 145,650
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2011:
    a From 2006....... 114,854
    b From 2007....... 76,322
    c From 2008....... 153,530
    d From 2009....... 172,080
    e From 2010....... 229,310
    fTotal of lines 3a through e......... 746,096
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 319,505
    a Applied to 2010, 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 2011 distributable amount..... 145,650
    e Remaining amount distributed out of corpus 173,855
    5 Excess distributions carryover applied to 2011.    
    (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 5 919,951
    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 2010. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2011. 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 2006 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		114,854
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		805,097
    10 Analysis of line 9:
    a Excess from 2007.... 76,322
    b Excess from 2008.... 153,530
    c Excess from 2009.... 172,080
    d Excess from 2010.... 229,310
    e Excess from 2011.... 173,855
    Form 990-PF (2011)
    Form 990-PF (2011)
    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 2011, 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) 2011 (b) 2010 (c) 2009 (d) 2008
             
    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 (2011)
    Form 990-PF (2011)
    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
    K ABAIR
    407 CULKIN HALL
    OSWEGO,NY13126     		  none Education Grant 2,250
    T AGAR
    TCU BOX 297077
    FORT WORTH,TX76129     		  none Education Grant 2,000
    T BACHMAN-JOHNSON
    400 E COLLEGE ST
    GEORGETOWN,KY40324     		  none Education Grant 3,000
    L BANTZ
    1001 E BELTLINE AVE NE
    GRAND RAPIDS,MI49525     		  none Education Grant 1,250
    P BEKSHA
    PO BOX 3500-60
    BOSTON,MA02241     		  none Education Grant 3,250
    K BELL
    CAMPUS BOX 1210
    NORMAL,IL61790     		  none Education Grant 2,500
    M BHATTI
    1032 W SHERIDAN RD
    CHICAGO,IL60660     		  none Education Grant 1,750
    G BIANCHI
    ONE UNIVERSITY AVE
    BOURBONNAIS,IL60914     		  none Education Grant 1,500
    K BIESTEK
    PO BOX 14409
    DES MOINES,IA50305     		  none Education Grant 1,750
    M BIESTEK
    PO BOX 14409
    DES MOINES,IA50305     		  none Education Grant 2,000
    G BOGO
    610 PURDUE MALL
    WEST LAFAYETTE,IN47907     		  none Education Grant 2,250
    H BRINN
    PO BOX 114025
    GAINESVILLE,FL32611     		  none Education Grant 1,500
    H BROWN
    PO BOX 4635
    CLARKSVILLE,TN37044     		  none Education Grant 3,000
    J BROWN
    101 BRAD ST
    PLATTSBURGH,NY12901     		  none Education Grant 2,875
    M BUCKLEY
    PO BOX 870303
    TEMPE,AZ85287     		  none Education Grant 1,750
    A CASSIDY
    2500 BAY SHORE ROAD
    MANCHESTER,NH03106     		  none Education Grant 1,250
    A CERNI
    5800 BAY SHORE RD
    SARASOTA,FL34243     		  none Education Grant 3,250
    K CERNI
    A1500 UNIVERSITY CENTER
    TALLAHASSEE,FL32306     		  none Education Grant 1,750
    ADAM CHOCOLA
    PO BOX 809020
    CHICAGO,IL60680     		  none Education Grant 2,750
    K CIRUELAS
    PO BOX 519
    MILWAUKEE,WI53278     		  none Education Grant 2,750
    G CONNORS
    PO BOX 1042
    EDWARDVILLE,IL62026     		  none Education Grant 625
    T CRANE
    PO BOX 2273
    HUNTSVILLE,TX77341     		  none Education Grant 2,500
    I CROWTHER
    PO BOX 8500-S8790
    PHILADELPHIA,PA19178     		  none Education Grant 2,000
    D DAVIS
    2000 FIFTH AVE
    RIVER GROVE,IL60171     		  none Education Grant 1,750
    R DEFRONZO
    2500 NORTH RIVER RD
    MANCHESTER,NH03106     		  none Education Grant 3,250
    H DOUGLAS
    100 KIMBALL BUILDING 1610
    REXBURG,ID83460     		  none Education Grant 2,000
    T FARAGO
    3146 SOLUTIONS CENTER
    CHICAGO,IL60677     		  None Education Grant 1,750
    D FERGUSON
    BURSAR OF OPERATIONS
    TERRE HAUTE,IN47809     		  none Education Grant 1,500
    K FOX
    1500 PEACHTREE ST
    JACKSON,MS39202     		  none Education Grant 750
    N GALLAGHER
    CAMPUS BOX 1210
    NORMAL,IL61790     		  none Education Grant 2,875
    T GALLO
    3835 FREEPORT BLVD
    SACRAMENTO,CA95822     		  none Education Grant 317
    L GINESI
    ONE UNIVERSITY PARKWAY
    ROMEOVILLE,IL60446     		  none Education Grant 1,750
    E GULICK
    1400 WEST STATE ST
    WEST LAFAYETTE,IN47907     		  none Education Grant 750
    A GUTZMER
    CAMPUS BOX 1210
    NORMAL,IL61790     		  none Education Grant 3,000
    T HALL
    PO BOX 2391
    NEW YORK,NY10116     		  none Education Grant 2,750
    L HENRICKSON
    2001 ALFORD PARK DR
    KENOSHA,WI53140     		  none Education Grant 3,250
    L HOLM
    CAMPUS BOX 3
    DENVER,CO82017     		  none Education Grant 3,000
    K HONEYCUTT
    1155 UNION CIRCLE
    DENTON,TX76203     		  none Education Grant 1,500
    S HONEYCUTT
    1155 UNION CIRCLE
    DENTON,TX76203     		  none Education Grant 3,000
    J HORTON
    CAMPUS DR W
    TUSCALOOSA,AL35487     		  none Education Grant 750
    E INGLE
    PO BOX 5616
    GREENVILLE,SC29606     		  none Education Grant 750
    R ISAACSON
    1700 SPARTAN DR
    ELGIN,IL60123     		  none Education Grant 1,250
    B JOHNSON
    OFFICE OF FINANCIAL AID
    KEARNEY,NE68849     		  none Education Grant 2,500
    J JOHNSON
    100 N UNIVERSITY DR
    EDMOND,OK73034     		  none Education Grant 1,000
    J JOHNSON
    106 PLEASANT ST SE
    MINNEAPOLIS,MN55455     		  none Education Grant 4,500
    A KEENUM
    113 STUDENT UNION
    STILLWATER,OK74078     		  none Education Grant 2,250
    G KELLY
    175 FOREST ST
    WALTHAM,MA02452     		  none Education Grant 1,250
    R KENNEDY
    CAMPUS BOX 1210
    NORMAL,IL61761     		  none Education Grant 2,750
    J KEOGH
    1200 W ALGONQUIN
    PALATINE,IL60067     		  none Education Grant 1,750
    J KEOGH
    1425 LINCOLN HWY
    DEKALB,IL60115     		  none Education Grant 3,000
    K KILPATRICK
    UC 119
    MT PLEASANT,MI48859     		  none Education Grant 3,000
    A KIRKEGAARD
    PO BOX 1042
    EDWARDSVILLE,IL62026     		  none Education Grant 2,500
    D KIRKEGAARD
    PO BOX 19455
    URBANA,IL61801     		  none Education Grant 2,000
    L KISLY
    506 WRIGHT ST
    URBANA,IL61801     		  none Education Grant 3,500
    A KRAUTSTRUNK
    CAMPUS BOX 1210
    NORMAL,IL61790     		  none Education Grant 2,500
    N KUCHARSKI
    900 WOOD RD
    KENOSHA,WI53141     		  none Education Grant 2,500
    S LANDAVERDE
    18111 NORDHOFF ST
    NORTHRIDGE,CA91330     		  none Education Grant 1,181
    E LAMAY
    881 COMMONWEALTH AVE
    BOSTON,MA02215     		  none Education Grant 3,000
    L LE
    5500 N ST LOUIS
    CHICAGO,IL60625     		  none Education Grant 3,250
    M LEMMON
    1385 WOODROFFE AVE
    OTTAWA,IL61350     		  none Education Grant 750
    R LETO
    PO BOX 114050
    GAINESVILLE,FL32611     		  none Education Grant 1,250
    K LEWIS
    1 UNIVERSITY CIRCLE
    MACOMB,IL61455     		  none Education Grant 500
    T MAJEWSKI
    SWEN PARSON HALL 210
    DEKALB,IL60115     		  none Education Grant 2,750
    A MARSHALL
    525 S CENTER ST
    REXBURG,ID83460     		  none Education Grant 2,000
    J MATHEWS
    PO BOX 823660
    PHILADELPHIA,PA19182     		  none Education Grant 2,500
    M MATHEWS
    1000 CHASTAIN RD
    KENNESAW,GA30144     		  none Education Grant 1,750
    G MATTHEWS
    430 S MICHIGAN
    CHICAGO,IL60634     		  none Education Grant 2,500
    C MAY
    PO BOX 810
    GRANVILLE,OH43023     		  none Education Grant 2,000
    K MCGUCKIN
    CAMPUS BOX 1210
    NORMAL,IL61790     		  none Education Grant 3,250
    K MCGUCKIN
    PO BOX 1042
    EDWARDSVILLE,IL62026     		  none Education Grant 1,750
    R MCKAY
    8900 HWY 14
    MCHENRY,IL60012     		  none Education Grant 750
    C MELE
    101 BROAD ST
    PLATTSBURGH,NY12901     		  none Education Grant 1,750
    N MELE
    2900 PURCHASE ST
    PURCHASE,NY10577     		  none Education Grant 2,250
    C MENDEZ
    162 HENRY ADMIN BLDG
    URBANA,IL61801     		  none Education Grant 2,750
    M MILLS
    190 PROSPECT AVE
    ELMHURST,IL60126     		  none Education Grant 2,250
    J MOORE
    A1500 UNIVERSITY CENTER
    TALLAHASSEE,FL32306     		  none Education Grant 2,500
    M MORALES
    1972 CLARK AVE
    ALLIANCE,OH44601     		  none Education Grant 1,250
    K MOSLEY
    3300 N CAMPBELL AVE
    CHICAGO,IL60618     		  none Education Grant 1,125
    A MOULCHIN
    3146 SOLUTIONS CENTER
    CHICAGO,IL60677     		  none Education Grant 500
    A MOULCHIN
    3146 SOLUTIONS CENTER
    CHICAGO,IL60677     		  none Education Grant 500
    C MUSHYNSKI
    1111 N GLENSTONE
    SPRINGFIELD,MO65802     		  none Education Grant 1,500
    P NEAT
    141 EAST COLLEGE AVE
    DECATUR,GA30030     		  none Education Grant 3,750
    M NELLES
    PO BOX 14409
    DES MOINES,IA50306     		  none Education Grant 1,750
    E NEUMANN
    3111 SAUNDERS SETTLEMENT
    SANBORN,NY14132     		  none Education Grant 2,250
    L NEUMANN
    400 HAWK DR
    NEW PLATZ,NY12561     		  none Education Grant 3,000
    J NIXON
    800 LAKESHORE DR
    BIRMINGHAM,AL35229     		  none Education Grant 3,000
    J NIXON
    DEPT 888315
    KNOXVILLE,TN37995     		  none Education Grant 1,750
    S OSBOURNE
    PO BOX 5000
    ANNANDALE,NY12504     		  none Education Grant 2,250
    S OSWALT
    2308 RENDLEMAN HALL
    EDWARDSVILLE,IL62026     		  none Education Grant 1,500
    J OYER
    201 OLD MAIN
    UNIVERSITY PARK,PA16802     		  none Education Grant 625
    M OZENKOSKI
    4601 MID RIVERS MALL DR
    COTTLEVILLE,MO63376     		  none Education Grant 875
    E PACOSA
    215 WHITMORE ADMINISTRATION
    AMHEARST,MA01003     		  none Education Grant 2,250
    N PALMA
    1 E JACKSON BLVD
    CHICAGO,IL60604     		  none Education Grant 1,125
    S PALMA
    1 E JACKSON BLVD
    CHICAGO,IL60604     		  none Education Grant 3,250
    H PECORARO
    1770 WEST STATE ST
    SYCAMORE,IL60178     		  none Education Grant 3,000
    A PEDERA
    2000 5TH AVE
    RIVER GROVE,IL60171     		  none Education Grant 750
    B PETERS
    BOX K-147
    GALESBURG,IL61401     		  none Education Grant 2,500
    R PETERS
    639 38TH ST
    ROCK ISLAND,IL61201     		  none Education Grant 1,500
    L PETRAS
    900 WOOD ROAD
    KENOSHA,WI53141     		  none Education Grant 2,500
    T PICHEN
    106 PLEASANT ST SE
    MINNEAPOLIS,MN55455     		  none Education Grant 1,750
    Z PLATT
    700 E BROADWAY
    MONMOUTH,IL61462     		  none Education Grant 1,000
    B REINDERS
    3303 REBECCA ST
    SIOUX CITY,IA51104     		  none Education Grant 3,000
    M REINDERS
    800 UNIVERSITY DR
    MARYVILLE,MO64466     		  none Education Grant 2,000
    M REINDERS
    3100 MAIN ST
    HOUSTON,TX77002     		  none Education Grant 1,125
    E RENKOR
    1302 34TH ST
    ROCK ISLAND,IL61201     		  none Education Grant 3,000
    E RENKOR
    BOX 602538
    DURHAM,NC27708     		  none Education Grant 2,500
    N RICOTTA
    4400 MASSACHUSETTS AVE
    WASHINGTON,DC20016     		  none Education Grant 3,400
    K ROUSH
    429 N CHURCH ST
    SPARTANBURG,SC29303     		  none Education Grant 2,750
    L RUSK
    600 LINCOLN AVE
    CHARLESTON,IL61920     		  none Education Grant 3,000
    K SAGE
    3146 SOLUTIONS CENTER
    CHICAGO,IL60677     		  none Education Grant 1,381
    A SALAMA
    1250 BELLFLOWER BLVD
    LONG BEACH,CA90840     		  none Education Grant 2,000
    E SANTOS
    1090 SOUTH DR
    INDIANA,PA15705     		  none Education Grant 1,250
    K SAS
    14049 SCENIC HIGHWAY
    LOOKOUT MOUNTAIN,GA30750     		  none Education Grant 2,340
    M SAS
    2303 COLLEGE AVE
    HUNTINGTON,IN46750     		  none Education Grant 1,750
    R SCHAAB
    2200 E KENWOOD BLVD
    MILWAUKEE,WI53201     		  none Education Grant 2,500
    K SCHIEL
    1151 N STATE ST
    ELGIN,IL60123     		  none Education Grant 2,750
    K SCHOBER
    2065 HALF DAY ROAD
    DEERFIELD,IL60015     		  none Education Grant 2,500
    D SEELYE
    55 E JACKSON BLVD
    CHICAGO,IL60604     		  none Education Grant 2,000
    B SERPAS
    18111 NORDHOFF ST
    NORTHRIDGE,CA91330     		  none Education Grant 1,000
    M SHAFFER
    506 S WRIGHT ST
    URBANA,IL61801     		  none Education Grant 2,750
    G SHAW
    6015 CAMPUS DELIVERY
    FORT COLLINS,CO80523     		  none Education Grant 2,000
    M SKOOG
    15 JESSE HALL
    COLUMBIA,MO65211     		  none Education Grant 3,250
    C SMITH
    PO BOX 14409
    DES MOINES,IA50306     		  none Education Grant 750
    J SMITH
    116 ADMIN BUILDING
    MARTIN,TN38238     		  none Education Grant 2,500
    K SMITH
    712 S BROADWAY ST S
    MENOMONIE,WI54751     		  none Education Grant 2,500
    K SMITH
    1 UNIVERSITY CIRCLE
    MACOMB,IL61455     		  none Education Grant 1,750
    R SMITHSON
    110 21ST AVE S STE 100
    NASHVILLE,TN37203     		  none Education Grant 1,750
    S SMOLICEK
    CAMPUS BOX 1210
    NORMAL,IL61790     		  none Education Grant 2,500
    E STARCK
    5000 FORBES AVE
    PITTSBURGH,PA15213     		  none Education Grant 625
    E SPANGLER
    1 UNIVERSITY CIR
    MACOMB,IL61455     		  none Education Grant 2,750
    K STEELE
    1400 W STATE ST
    WEST LAFAYETTE,IN47906     		  none Education Grant 1,434
    A TAMLYN-HAYDEN
    541 MAIN ST
    NEW LONDON,NH03257     		  none Education Grant 2,250
    A TERRAGNOLI
    2001 MAIN ST
    BUFFALO,NY14208     		  none Education Grant 2,750
    M THOMPSON
    162 HENRY ADMINISTRATION BLDG
    URBANA,IL61801     		  none Education Grant 3,250
    C THORNTON
    PO BOX 86451
    ORLANDO,FL32866     		  none Education Grant 1,500
    W THORNTON
    1 FORESTRY DR
    SYRACUSE,NY13210     		  none Education Grant 3,000
    M TORIO
    162 HENRY ADMIN BLDG
    URBANA,IL61801     		  none Education Grant 1,750
    M TOWNER JR
    PO BOX 490129
    MOUNT BERRY,GA62901     		  none Education Grant 1,250
    K TYNAN
    CAMPUS BOX 1210
    NORMAL,IL61796     		  none Education Grant 3,500
    K TYNAN
    425 FAWELL BLVD
    GLEN ELLYN,IL60137     		  none Education Grant 2,100
    R TYSON
    ONE UNIVERSITY DR
    ORANGE,CA92866     		  none Education Grant 2,500
    A VANDEHORST
    128 FUNKHOUSER BLDG
    LEXINGTON,KY40506     		  none Education Grant 3,750
    A WALKER
    33700 WEST 103RD ST
    CHICAGO,IL60655     		  none Education Grant 2,000
    N WALLA
    6001 DODGE ST EAB 103
    OMAHA,NE68182     		  none Education Grant 1,250
    E WAMBACK
    33701 STATE RD 52
    ST LEO,FL33574     		  none Education Grant 2,532
    N WAMBACK
    33701 STATE RD 52
    ST LEO,FL33574     		  none Education Grant 1,320
    J WARREN
    5115 HAMPTON BLVD
    NORFOLK,VA23508     		  none Education Grant 1,000
    J WEDIG
    26 BRIGHAM HALL 1 UNIV PLAZA
    PLATTEVILLE,WI53818     		  none Education Grant 1,500
    B WHITE
    PO BOX 3520
    TUCSON,AZ85719     		  none Education Grant 2,250
    M WHITING
    CAMPUS BOX 1210
    NORMAL,IL61761     		  none Education Grant 3,625
    B WOJOCIECHOSKI
    8900 US 14
    CRYSTAL LAKE,IL60012     		  none Education Grant 1,000
    A WRIGLEY
    160 PEARL ST
    FITCHBURG,MA01420     		  none Education Grant 1,500
    K YOUNG
    PO BOX 80-7810
    KANSAS CITY,MO64110     		  none Education Grant 2,750
    Total .................................bullet 3a 319,505
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2011)
    Form 990-PF (2011)
    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 63,351  
    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)..   63,351  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1363,351
    (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 (2011)
    Form 990-PF (2011)
    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 (2011)
    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
    2011
    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 on line H of its
    Form 990-EZ or on Part I, 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) (2011)

    Page 2
    Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
    Name of organization
    FOLLETT EDUCATIONAL FOUNDATION
          		Employer identification number

    36-6104348
    Part I
    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
     
     

    VIRGINIA FAESEN    
    0S458 FOREST ST
       
    WINFIELD, IL   60190

    		$20,000




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

    ROBERT NANCY FOLLETT    
    PO BOX 4848
       
    DILLON, CO   80435

    		$15,000




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

    DOUG JEAN THOMPSON    
    820 N WASHINGTON
       
    HINSDALE, IL   60521

    		$5,000




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

    ARIEL O'HARA    
    521 WOODVALE AVE
       
    DEERFIELD, IL   60015

    		$5,000




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

    KENT JULIE FOLLETT    
    1060 PINELLAS BAYWAY S APT 101
       
    TIERRA VERDE, FL   33715

    		$5,000




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

         
    2233 WEST STREET
       
    RIVER GROVE, IL   60171

    		$135,513




    (Complete Part II if there is a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

    Page 3
    Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
    Name of organization
    FOLLETT EDUCATIONAL FOUNDATION
          		Employer identification number

    36-6104348
    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
     
    		$    
    (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) (2011)

    Page 4
    Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
    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
    that total 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 $  
    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) (2011)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2011 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 2,868 2,812
    GMAC Smartnotes Due 8/15/2018 40,000 40,012
    GNMA Pool 508271X 3,085 2,987

    TY 2011 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 1,879
    342.199621 Shares Pfizer, Inc 10,245 8,227
    131.245700 Shares General Electric 5,071 2,493
    150 Shares Pfizer, Inc 4,418 3,606
    29 Shares Johnson & Johnson 1,661 2,007
    1369 Shares CNO Financial Group, Inc 28,065 11,349
    2 Shares Citigroup, Inc 1,027 54
    100.006000 Shares Walgreens 4,438 3,904

    TY 2011 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   531,429 555,112
    American Century Growth Fund   193,993 220,932
    American Century International Growth Fund   124,873 83,549
    American Century Select Fund   497,852 515,598
    Auburn Bank CD Due 3/6/19   95,000 103,073
    Capital One Nat'l Assn CD Due 04/16/13   50,000 51,342
    Doral Bank CD Due 10/9/13   95,000 97,512
    Federated Kaufman Fund   186,481 219,601
    Goldman Sachs Bank CD Due 3/4/19   95,000 103,782
    Central National Bank CD Due 9/28/2021   240,000 240,727
    First National Bank of America CD Due 11/29/2024   95,914 96,185
    Horizon Bank CD Due 6/26/2026   55,000 54,633
    MB Financial Bank CD Due 9/8/2026   150,000 150,384
    Citibank NA CD Due 1/27/2027   25,000 23,500
    Citibank NA CD Due 10/28/2031   150,000 144,483
    Goldman Sachs Bank CD Due 6/21/2032   100,000 100,949
    Citibank NA CD Due 6/29/2032   75,000 72,623

    TY 2011 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 30      
    Miscellaneous Adm 300      
    Bank Service Charges 30      
    Insurance 2,337      
    Supplies        
    Fund Raising Expense 7,801      


    TY 2011 OtherIncomeSchedule2
    Name:
    FOLLETT EDUCATIONAL FOUNDATION
    EIN: 36-6104348
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Golf Outing 16,695