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
2012
Open to Public Inspection
For calendar year 2012, or tax year beginning 08-01-2012 , and ending 07-31-2013
Name of foundation
FOLLETT EDUCATIONAL FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)3 WESTBROOK CORP CENTER   Room/suite
City or town, state, and ZIP code
WESTCHESTER, IL60154
A Employer identification number

36-6104348
B Telephone number (see instructions)

(708) 884-2199
C bullet
G Check all that apply:

D 1. bullet
2. bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$3,594,191J 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 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) 303,475
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 111,057 111,057  
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 175,120    
12 Total. Add lines 1 through 11........ 589,652 111,057  
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)....... 6,750      
c Other professional fees (attach schedule).... 398      
17 Interest............... 51      
18 Taxes (attach schedule) (see instructions)        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 58,717      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 65,916 0   0
25 Contributions, gifts, grants paid........ 235,038 235,038
26 Total expenses and disbursements. Add lines 24 and 25 300,954 0   235,038
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 288,698
b Net investment income (if negative, enter -0-) 111,057
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2012)
Form 990-PF (2012)
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............... 237,208 114,759 114,759
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)........ 55,944 Click to see attachment56,474 48,101
c Investments—corporate bonds (attach schedule)........ 45,953 Click to see attachment242,296 231,500
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 2,760,542 Click to see attachment2,974,816 3,199,831
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) 3,099,647 3,388,345 3,594,191
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.................... 3,099,647 3,388,345
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).................... 3,099,647 3,388,345
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 3,099,647 3,388,345
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 3,099,647
2 Enter amount from Part I, line 27a..................... 2 288,698
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 3,388,345
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 3,388,345
Form 990-PF (2012)
Form 990-PF (2012)
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 2012-08-15
b GNMA Pool #508271 P 2004-01-23 2012-08-15
c FHLMC CMO Due 2/15/2032 P 2003-07-31 2012-09-17
d GNMA Pool #508271 P 2004-01-23 2012-09-17
e MB Financial Bank NA CD P 2011-08-29 2012-10-09
GNMA Pool #508271 P 2004-01-23 2012-10-15
GNMA Pool #508271 P 2004-01-23 2012-11-15
GNMA Pool #508271 P 2004-01-23 2012-12-17
Doral Bank CD P 2009-10-05 2013-01-09
GNMA Pool #508271 P 2004-01-23 2013-01-15
GNMA Pool #508271 P 2004-01-23 2013-02-15
GNMA Pool #508271 P 2004-01-23 2013-03-15
GNMA Pool #508271 P 2004-01-23 2013-04-15
Capital One NA CD P 2008-04-10 2013-04-16
GNMA Pool #508271 P 2004-01-23 2013-05-15
GNMA Pool #508271 P 2004-01-23 2013-06-17
GNMA Pool #508271 P 2004-01-23 2013-07-15
(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 840 0 840 0
b 62 0 62 0
c 1,965 0 1,965 0
d 62 0 62 0
e 150,000 0 150,000 0
76 0 76 0
63 0 63 0
64 0 64 0
95,000 0 95,000 0
64 0 64 0
64 0 64 0
65 0 65 0
65 0 65 0
50,000 0 50,000 0
65 0 65 0
73 0 73 0
66 0 66 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
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 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))
2011 318,871 2,925,684 0.108990
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
2 Total of line 1, column (d) ...................... 2 0.534112
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 0.106822
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 3,321,382
5 Multiply line 4 by line 3....................... 5 354,797
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,111
7 Add lines 5 and 6......................... 7 355,908
8 Enter qualifying distributions from Part XII, line 4.............. 8 235,038
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.
Form 990-PF (2012)
Form 990-PF (2012)
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 2,221
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 2,221
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 2,221
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 714
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.............. Tax Paid Original Return: 714 7 714
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 1,507
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet0 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 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 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?
    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 instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    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 ofbulletJENNIFER GRIFFIN Telephone no.bullet (708) 884-2199
    Located atbullet3 WESTBROOK CORP CENTER SUITE 200WESTCHESTERIL ZIP+4bullet60154
    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 2012, 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 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 (2012)
    Form 990-PF (2012)
    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 2012?.............
    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 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    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 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 2012 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 2012.)....................
    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 2012?
    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 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 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 (2012)
    Form 990-PF (2012)
    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 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
    3 WESTBROOK CENTER SUITE 200
    WESTCHESTER,IL60154
    KEITH O'HARA Vice President
    1.00     		0 0 0
    3 WESTBROOK CENTER SUITE 200
    WESTCHESTER,IL60154
    CHRISTOPHER TRAUT Trustee
    1.00     		0 0 0
    3 WESTBROOK CENTER SUITE 200
    WESTCHESTER,IL60154
    RON GRIFFIN Treasurer
    8.00     		0 0 0
    3 WESTBROOK CENTER SUITE 200
    WESTCHESTER,IL60154
    MATTHEW FOLLETT Trustee
    1.00     		0 0 0
    3 WESTBROOK CENTER SUITE 200
    WESTCHESTER,IL60154
    SUZANNE STEGEMAN Trustee
    1.00     		0 0 0
    3 WESTBROOK CENTER SUITE 200
    WESTCHESTER,IL60154
    JOE SKAGGS Secretary
    1.00     		0 0 0
    3 WESTBROOK CENTER SUITE 200
    WESTCHESTER,IL60154
    ALAN STRATMAN Trustee
    1.00     		0 0 0
    3 WESTBROOK CENTER SUITE 200
    WESTCHESTER,IL60154
    ELIO DISTAOLA Trustee
    1.00     		0 0 0
    3 WESTBROOK CENTER SUITE 200
    WESTCHESTER,IL60154
    ALISON O'HARA Trustee
    1.00     		0 0 0
    3 WESTBROOK CENTER SUITE 200
    WESTCHESTER,IL60154
    IRIS WAICHLER Trustee
    1.00     		0 0 0
    3 WESTBROOK CENTER SUITE 200
    WESTCHESTER,IL60154
    2 Compensation of five highest-paid employees (other than those included on line 1—see 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 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 (2012)
    Form 990-PF (2012)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see 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 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
    3,209,587
    b
    Average of monthly cash balances.......................
    1b
    162,374
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,371,961
    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
    3,371,961
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    50,579
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,321,382
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    166,069
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    166,069
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    2,221
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,221
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    163,848
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    163,848
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    163,848
    Part XII
    Qualifying Distributions (see 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
    235,038
    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
    235,038
    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 instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    235,038
    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 (2012)
    Form 990-PF (2012)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2011     		(c)
    2011     		(d)
    2012
    1 Distributable amount for 2012 from Part XI, line 7 163,848
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2012:
    a From 2007....... 76,322
    b From 2008....... 153,530
    c From 2009....... 172,080
    d From 2010....... 229,310
    e From 2011....... 173,855
    fTotal of lines 3a through e......... 805,097
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 235,038
    a Applied to 2011, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2012 distributable amount..... 163,848
    e Remaining amount distributed out of corpus 71,190
    5 Excess distributions carryover applied to 2012.    
    (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 5 876,287
    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 instructions ...........     		 
    e Undistributed income for 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		76,322
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		799,965
    10 Analysis of line 9:
    a Excess from 2008.... 153,530
    b Excess from 2009.... 172,080
    c Excess from 2010.... 229,310
    d Excess from 2011.... 173,855
    e Excess from 2012.... 71,190
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 9
    Part XIV
    Private Operating Foundations (see 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 2012, 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) 2012 (b) 2011 (c) 2010 (d) 2009
             
    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 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 or e-mail of the person to whom applications should be addressed:
    FOLLETT CORPORATION - HUMAN RESOURC
    3 WESTBROOK CORP CENTER SUITE 200
    WESTCHESTER,IL60154
    (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 (2012)
    Form 990-PF (2012)
    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 2,087
    S ACAR
    4920 N LOWELL AVE
    CHICAGO,IL60630     		  none Education Grant 1,750
    P BEKSHA
    PO BOX 3500-60
    BOSTON,MA02241     		  none Education Grant 3,250
    K BELL
    CAMPUS BOX 1210
    NORMAL,IL61790     		  none Education Grant 3,000
    M BHATTI
    1032 W SHERIDAN RD
    CHICAGO,IL60660     		  none Education Grant 2,250
    G BIANCHI
    ONE UNIVERSITY AVE
    BOURBONNAIS,IL60914     		  none Education Grant 1,750
    K BIESTEK
    PO BOX 14409
    DES MOINES,IA50305     		  none Education Grant 2,250
    M BIESTEK
    PO BOX 14409
    DES MOINES,IA50305     		  none Education Grant 2,500
    G BOGO
    610 PURDUE MALL
    WEST LAFAYETTE,IN47907     		  none Education Grant 2,500
    H BROWN
    PO BOX 4635
    CLARKSVILLE,TN37044     		  none Education Grant 3,000
    J BROWN
    101 BRAD ST
    PLATTSBURGH,NY12901     		  none Education Grant 1,125
    T BROWN
    1 HAIRPIN DR
    EDWARDSVILLE,IL62025     		  none Education Grant 1,750
    M BUCKLEY
    PO BOX 870303
    TEMPE,AZ85287     		  none Education Grant 2,250
    A CAMPBELL
    1200 N UNIVERSITY DR
    PINE BLUFF,AR71601     		  none Education Grant 2,250
    D CHATMAN
    600 LINCOLN AVE
    CHARLESTON,IL61920     		  none Education Grant 2,250
    ADAM CHOCOLA
    PO BOX 809020
    CHICAGO,IL60680     		  none Education Grant 1,500
    K CIRUELAS
    901 W ILLINOIS ST
    URBANA,IL61801     		  None Education Grant 2,250
    K CIRUELAS
    PO BOX 519
    MILWAUKEE,WI53278     		  none Education Grant 3,000
    K COLLINS
    100 WELDON BLVD
    SANFORD,FL32773     		  none Education Grant 2,189
    G CONNORS
    PO BOX 1042
    EDWARDVILLE,IL62026     		  none Education Grant 466
    T CRANE
    PO BOX 2273
    HUNTSVILLE,TX77341     		  none Education Grant 3,000
    I CROWTHER
    PO BOX 8500-S8790
    PHILADELPHIA,PA19178     		  none Education Grant 2,750
    A DEFRONZO
    2500 NORTH RIVER RD
    MANCHESTER,NH03106     		  none Education Grant 3,000
    G DIKUN
    KISSENA BLVD
    FLUSHING,NY11367     		  none Education Grant 3,250
    J DUITS
    24255 PACIFIC COAST HWY
    MALIBU,CA90263     		  none Education Grants 3,500
    M DUITS
    1250 BELLFLOWER BLVD
    LONG BEACH,CA90840     		  none Education Grant 1,722
    B DOUGLAS
    100 KIMBALL BUILDING 1610
    REXBURG,ID83460     		  none Education Grant 750
    J ENGEL
    1 OHIO UNIVERSITY
    ATHENS,OH45701     		  none Education Grant 1,250
    M FEEN
    815 N BROADWAY
    SARATOGA SPRINGS,NY12866     		  None Education Grant 1,250
    K FOX
    1500 PEACHTREE ST
    JACKSON,MS39202     		  none Education Grant 750
    N GALLAGHER
    CAMPUS BOX 1210
    NORMAL,IL61790     		  none Education Grant 1,125
    A GALLO
    2083 LAWRENCEVILLE RD
    LAWRENCE TOWNSHIP,NJ08648     		  none Education Grant 1,750
    M GRIFFIN
    900 N BRANCH ST
    CHICAGO,IL60642     		  none Education Grant 1,750
    K GONZALEZ
    901 W ILLINOIS ST
    URBANA,IL61801     		  none Education Grant 2,000
    Z HALSEY
    PO BOX 8058
    AUSTIN,TX78713     		  none Education Grant 1,750
    H HARTMANN
    W3718 SOUTH DR
    PLYMOUTH,WI53073     		  none Education Grant 1,750
    J HORTON
    CAMPUS DR W
    TUSCALOOSA,AL35487     		  none Education Grant 750
    B JOHNSON
    OFFICE OF FINANCIAL AID
    KEARNEY,NE68849     		  none Education Grant 2,750
    J JOHNSON
    100 N UNIVERSITY DR
    EDMOND,OK73034     		  none Education Grant 1,500
    A KEENUM
    113 STUDENT UNION
    STILLWATER,OK74078     		  none Education Grant 2,750
    G KELLY
    175 FOREST ST
    WALTHAM,MA02452     		  none Education Grant 1,750
    J KEOGH
    21193 MALTA RD
    MALTA,IL60150     		  none Education Grant 2,000
    J KEOGH
    1425 LINCOLN HWY
    DEKALB,IL60115     		  none Education Grant 3,250
    K KILPATRICK
    UC 119
    MT PLEASANT,MI48859     		  none Education Grant 3,000
    S KRAUTSTRUNK
    1700 SPARTAN DR
    ELGIN,IL60123     		  none Education Grant 1,100
    S KUSZ
    430 S MICHIGAN AVE
    CHICAGO,IL60605     		  none Education Grant 2,250
    R LETO
    PO BOX 114050
    GAINESVILLE,FL32611     		  none Education Grant 1,750
    I LUBY
    1200 W INTERNATIONAL SPEEDWAY
    DAYTONA BEACH,IL32114     		  none Education Grant 924
    T MAJEWSKI
    SWEN PARSON HALL 210
    DEKALB,IL60115     		  none Education Grant 2,750
    A MARSHALL
    525 S CENTER ST
    REXBURG,ID83460     		  none Education Grant 750
    J MATHEWS
    NORTH AVE NORTHWEST
    ATLANTA,GA30332     		  none Education Grant 1,500
    M MATHEWS
    1000 CHASTAIN RD
    KENNESAW,GA30144     		  none Education Grant 2,750
    J MCCANN
    425 FAWELL DR
    GLEN ELLYN,IL60137     		  none Education Grant 1,500
    R MCKAY
    8900 HWY 14
    MCHENRY,IL60012     		  none Education Grant 750
    C MENDEZ
    162 HENRY ADMIN BLDG
    URBANA,IL61801     		  none Education Grant 3,000
    M MILLS
    190 PROSPECT AVE
    ELMHURST,IL60126     		  none Education Grant 2,500
    J MOORE
    A1500 UNIVERSITY CENTER
    TALLAHASSEE,FL32306     		  none Education Grant 3,000
    M MORALES
    1972 CLARK AVE
    ALLIANCE,OH44601     		  none Education Grant 2,000
    N MORALES
    1972 CLARK AVE
    ALLIANCE,OH44601     		  none Education Grant 1,500
    V MOREGA
    601 UNIVERSITY DR
    SAN MARCOS,TX78666     		  none Education Grant 2,250
    A MOULCHIN
    1700 CHAPEL DR
    VALPARAISO,IN46383     		  none Education Grant 1,750
    M NELLES
    PO BOX 14409
    DES MOINES,IA50306     		  none Education Grant 2,500
    M NORLANDER
    8900 US 14
    CRYSTAL LAKE,IL60012     		  none Education Grant 1,125
    B OSBORN
    342 BULL ST
    SAVANNAH,GA31402     		  none Education Grant 1,250
    S OSBORN
    PO BOX 5000
    ANNANDALE,NY12504     		  none Education Grant 2,500
    S OSWALT
    2308 RENDLEMAN HALL
    EDWARDSVILLE,IL62026     		  none Education Grant 2,500
    J OYER
    UNIVERSITY PARK
    STATE COLLEGE,PA16801     		  none Education Grant 625
    E PACOSA
    215 WHITMORE ADMINISTRATION
    AMHEARST,MA01003     		  none Education Grant 2,750
    N PALMA
    1 E JACKSON BLVD
    CHICAGO,IL60604     		  none Education Grant 2,750
    M PEREZ
    820 N MICHIGAN AVE
    CHICAGO,IL60611     		  none Education Grant 2,000
    B PETERS
    BOX K-147
    GALESBURG,IL61401     		  none Education Grant 3,000
    R PETERS
    639 38TH ST
    ROCK ISLAND,IL61201     		  none Education Grant 2,000
    T PICHEN
    106 PLEASANT ST SE
    MINNEAPOLIS,MN55455     		  none Education Grant 2,000
    Z PLATT
    700 E BROADWAY
    MONMOUTH,IL61462     		  none Education Grant 1,000
    M QUINNEY
    BOX K-147
    GALESBURG,IL61401     		  none Education Grant 1,500
    B REINDERS
    3303 REBECCA ST
    SIOUX CITY,IA51104     		  none Education Grant 3,250
    M REINDERS
    3100 MAIN ST
    HOUSTON,TX77002     		  none Education Grant 1,125
    E RENKOR
    BOX 602538
    DURHAM,NC27708     		  none Education Grant 2,750
    V RENKOR
    17 CALVIN CENTER
    IOWA CITY,IA52242     		  none Education Grant 1,500
    N RICOTTA
    4400 MASSACHUSETTS AVE
    WASHINGTON,DC20016     		  none Education Grant 1,350
    S ROSE
    700 E BROADWAY
    MONMOUTH,IL61462     		  none Education Grant 1,500
    M ROSS
    3300 W CAMELBACK
    PHOENIX,AZ85107     		  none Education Grant 1,250
    A RUIZ
    5500 CAMPANILE DR
    SAN DIEGO,CA92182     		  none Education Grant 3,179
    A RUIZ
    380 E ATEN RD
    IMPERIAL,CA92251     		  none Education Grant 1,750
    L RUSK
    600 LINCOLN AVE
    CHARLESTON,IL61920     		  none Education Grant 1,750
    K SAGE
    3146 SOLUTIONS CENTER
    CHICAGO,IL60677     		  none Education Grant 2,014
    E SANTOS
    1090 SOUTH DR
    INDIANA,PA15705     		  none Education Grant 1,750
    K SCHOBER
    2065 HALF DAY ROAD
    DEERFIELD,IL60015     		  none Education Grant 3,000
    B SERPAS
    18111 NORDHOFF ST
    NORTHRIDGE,CA91330     		  none Education Grant 1,000
    G SHAW
    6015 CAMPUS DELIVERY
    FORT COLLINS,CO80523     		  none Education Grant 2,250
    E SHUCK
    905 W 25TH ST
    KEARNEY,NE68849     		  none Education Grant 1,750
    S SHUCK
    36TH ST
    KEARNEY,NE68849     		  none Education Grant 2,500
    M SKOOG
    15 JESSE HALL
    COLUMBIA,MO65211     		  none Education Grant 3,500
    C SMITH
    1400 R ST
    LINCOLN,NE68508     		  none Education Grant 1,250
    K SMITH
    712 BROADWAY
    MENOMONIE,WI54751     		  none Education Grant 2,750
    K SMITH
    1 UNIVERSITY CIRCLE
    MACOMB,IL61455     		  none Education Grant 2,000
    S SMOLICEK
    CAMPUS BOX 1210
    NORMAL,IL61790     		  none Education Grant 2,250
    D SPIKES
    425 FAWELL
    GLEN ELLYN,IL60137     		  none Education Grant 1,125
    E STARCK
    5000 FORBES AVE
    PITTSBURGH,PA15213     		  none Education Grant 625
    A STAINROD
    275 MT CARMEL AVE
    HAMDEN,CT06518     		  none Education Grant 1,499
    M STUMP
    1005 N ABBE
    ELYRIA,OH44035     		  none Education Grant 1,250
    R TERRAGNOLI
    1 LOMB MEMORIAL DR
    ROCHESTER,NY14623     		  none Education Grant 2,250
    R THOMPSON
    300 E COLLEGE AVE
    EUREKA,IL61530     		  none Education Grant 1,250
    M TORIO
    162 HENRY ADMIN BLDG
    URBANA,IL61801     		  none Education Grant 2,750
    K TYNAN
    CAMPUS BOX 1210
    NORMAL,IL61796     		  none Education Grant 1,750
    K TYNAN
    30 N BRAINARD
    NAPERVILLE,IL60540     		  none Education Grant 2,500
    R TYSON
    ONE UNIVERSITY DR
    ORANGE,CA92866     		  none Education Grant 2,750
    B VOLCHKO
    1700 SPARTAN DR
    ELGIN,IL60123     		  none Education Grant 194
    N VOLCHKO
    1700 SPARTAN DR
    ELGIN,IL60123     		  none Education Grant 2,250
    N WALLA
    6001 DODGE ST EAB 103
    OMAHA,NE68182     		  none Education Grant 1,500
    J WALLECK
    3301 N MULFORD RD
    ROCKFORD,IL61114     		  none Education Grant 1,750
    J WARREN
    5115 HAMPTON BLVD
    NORFOLK,VA23508     		  none Education Grant 1,316
    M WESSEL
    1151 N STATE
    ELGIN,IL60123     		  none Education Grant 2,750
    B WHITE
    PO BOX 3520
    TUCSON,AZ85719     		  none Education Grant 2,750
    M WHITING
    CAMPUS BOX 1210
    NORMAL,IL61761     		  none Education Grant 1,375
    M WRIGHT
    8600 UNIVERSITY BLVD
    EVANSVILLE,IN47712     		  none Education Grant 1,750
    A WRIGLEY
    160 PEARL ST
    FITCHBURG,MA01420     		  none Education Grant 2,750
    A YSAGUIRRE
    639 68TH ST
    ROCK ISLAND,IL61201     		  none Education Grant 1,498
    Total .................................bullet 3a 235,038
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2012)
    Form 990-PF (2012)
    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 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....     14 111,057  
    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)..   111,057  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13111,057
    (See worksheet in line 13 instructions 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 foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2012)
    Form 990-PF (2012)
    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
    Sign Here
    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
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2012)
    Additional Data


    Software ID:  
    Software Version:  
    Part VI Line 7 - Tax Paid Original Return: 714


    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
    2012
    Name of the 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) (2012)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Page 2
    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
    FOLLETT CORPORATION
     

         
    3 WESTBROOK CORP CENTER SUITE 200
       
    WESTCHESTER, IL   60154

    		$216,096


    (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
    BETTERWORLDBOOKS
     

         
    55470 CURRANT ROAD
       
    MISHAWAKA, IN   46545

    		$33,430


    (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
     
     

    VIRGINIA FAESEN    
    0S458 FOREST ST
       
    WINFIELD, IL   60190

    		$10,000


    (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
     
     

    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
    5
     
     

    ROBERT NANCY FOLLETT    
    PO BOX 4848
       
    DILLON, CO   80435

    		$10,075


    (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
     
     

    ARIEL O'HARA    
    521 WOODVALE AVE
       
    DEERFIELD, IL   60015

    		$5,000


    (Complete Part II if there is a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    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
    7
     
     

    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
     
     
     

         
     
       

    		$  


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

         
     
       

    		$  


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

         
     
       

    		$  


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

         
     
       

    		$  


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

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Page 3
    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) (2012)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Page 4
    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) (2012)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2012 InvestmentsCorpBondsSchedule
    Name:
    FOLLETT EDUCATIONAL FOUNDATION
    EIN: 36-6104348
    Name of Bond End of Year Book Value End of Year Fair Market Value
    GMAC Smartnotes Due 8/15/2018 40,000 40,025
    GNMA Pool 508271X 2,296 2,110
    Goldman Sachs Note Due 12/15/2034 150,000 142,865
    Barclays Bank PLC Note Due 4/19/2033 50,000 46,500

    TY 2012 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 2,474
    354.043933 Shares Pfizer, Inc 10,564 10,349
    139.182750 Shares General Electric 5,172 3,392
    150 Shares Pfizer, Inc 4,418 4,385
    29 Shares Johnson & Johnson 1,661 2,712
    1369 Shares CNO Financial Group, Inc 28,065 19,549
    2 Shares Citigroup, Inc 1,026 104
    102.215000 Shares Walgreens 4,549 5,136

    TY 2012 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   557,219 634,435
    American Century Growth Fund   203,112 261,292
    American Century International Growth Fund   126,377 103,873
    American Century Select Fund   501,583 600,291
    Auburn Bank CD Due 3/6/19   95,000 99,976
    Federated Kaufman Fund   204,548 284,402
    Goldman Sachs Bank CD Due 3/4/19   95,000 100,586
    Central National Bank CD Due 9/28/2021   240,000 229,426
    First National Bank of America CD Due 11/29/2024   95,914 91,305
    Horizon Bank CD Due 6/26/2026   55,000 54,920
    Citibank NA CD Due 1/27/2027   25,000 22,115
    Citibank NA CD Due 10/28/2031   150,000 128,211
    Goldman Sachs Bank CD Due 6/21/2032   100,000 92,110
    Citibank NA CD Due 6/29/2032   75,000 65,790
    BMO Harris Bank CD Due 4/25/2028   50,000 49,366
    Wells Fargo Bank CD Due 6/28/2028   150,000 132,782
    Farmers & Merchant Bank CD Due 10/30/2037   150,000 149,784
    Franklin Income Fund   50,661 48,619
    First Trust Portfolios Dow Target Fund   50,402 50,548

    TY 2012 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 125      
    Miscellaneous Adm 2,327      
    Bank Service Charges 386      
    Insurance 2,525      
    Supplies        
    Fund Raising Expense 53,354      


    TY 2012 OtherIncomeSchedule2
    Name:
    FOLLETT EDUCATIONAL FOUNDATION
    EIN: 36-6104348
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Golf Outing 175,120