Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
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 or province, country, and ZIP or foreign postal 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
E 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$4,362,368J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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).............. 174,326
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 319,971 319,971  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 25,034
b Gross sales price for all assets on line 6a 160,340
7 Capital gain net income (from Part IV, line 2)... 25,019
8 Net short-term capital gain......... 15
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 178,273    
12 Total. Add lines 1 through 11........ 697,604 344,990 15
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 17,053      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 8,168      
b Accounting fees (attach schedule)....... 7,500      
c Other professional fees (attach schedule)....        
17 Interest............... 2      
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,050      
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 63,450      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 100,223 0   0
25 Contributions, gifts, grants paid........ 302,526 302,526
26 Total expenses and disbursements. Add lines 24 and 25 402,749 0   302,526
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 294,855
b Net investment income (if negative, enter -0-) 344,990
c Adjusted net income (if negative, enter -0-)... 15
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
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............... 90,088 202,938 202,938
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 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)........ 57,063 Click to see attachment57,702 64,718
c Investments—corporate bonds (attach schedule)........ 201,469 Click to see attachment200,297 187,460
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 3,337,855 Click to see attachment3,520,770 3,907,252
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) 3,686,475 3,981,707 4,362,368
Liabilities 17 Accounts payable and accrued expenses.......... 201 578
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).......... 201 578
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 3,686,274 3,981,129
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 instructions)...... 3,686,274 3,981,129
31 Total liabilities and net assets/fund balances (see instructions).. 3,686,475 3,981,707
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 3,686,274
2 Enter amount from Part I, line 27a..................... 2 294,855
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 3,981,129
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 3,981,129
Form 990-PF (2014)
Form 990-PF (2014)
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 19,607.843 Shares Franklin Income Fund P 2013-04-12 2014-09-03
b 7,507.508 Shares Federated Kaufmann Fund P 2005-07-25 2014-09-03
c 5,602 Shares First Trust Dow Target 10 P 2014-05-05 2015-05-08
d 21.15 Shares First Trust Dow Target 10 P 2014-06-25 2015-05-08
e 12.478 Shares First Trust Dow Target 10 P 2014-07-25 2015-05-08
16.653 Shares First Trust Dow Target 10 P 2014-08-25 2015-05-08
17.532 Shares First Trust Dow Target 10 P 2014-09-25 2015-05-08
8.513 Shares First Trust Dow Target 10 P 2014-10-27 2015-05-08
20.895 Shares First Trust Dow Target 10 P 2014-11-25 2015-05-08
17.925 Shares First Trust Dow Target 10 P 2014-12-26 2015-05-08
8.837 Shares First Trust Dow Target 10 P 2015-01-26 2015-05-08
21.61 Shares First Trust Dow Target 10 P 2015-02-25 2015-05-08
19.288 Shares First Trust Dow Target 10 P 2015-03-25 2015-05-08
GNMA Pool #508271 P 2004-01-23 2014-08-15
GNMA Pool #508271 P 2004-01-23 2014-09-15
GNMA Pool #508271 P 2004-01-23 2014-10-15
GNMA Pool #508271 P 2004-01-23 2014-11-17
GNMA Pool #508271 P 2004-01-23 2014-12-15
GNMA Pool #508271 P 2004-01-23 2015-01-15
GNMA Pool #508271 P 2004-01-23 2015-02-16
GNMA Pool #508271 P 2004-01-23 2015-03-16
GNMA Pool #508271 P 2004-01-23 2015-04-15
GNMA Pool #508271 P 2004-01-23 2015-05-15
GNMA Pool #508271 P 2004-01-23 2015-06-15
GNMA Pool #508271 P 2004-01-23 2015-07-15
(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 50,000 0 47,843 2,157
b 50,000 0 28,756 21,244
c 57,754 0 56,151 1,603
d 218 0 214 4
e 129 0 129 0
172 0 169 3
181 0 179 2
88 0 83 5
215 0 217 -2
185 0 186 -1
91 0 91 0
223 0 223 0
199 0 195 4
71 0 71 0
72 0 72 0
72 0 72 0
73 0 73 0
73 0 73 0
74 0 74 0
74 0 74 0
74 0 74 0
75 0 75 0
75 0 75 0
76 0 76 0
76 0 76 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 2,157
b 0 0 0 21,244
c 0 0 0 1,603
d 0 0 0 4
e 0 0 0 0
0 0 0 3
0 0 0 2
0 0 0 5
0 0 0 -2
0 0 0 -1
0 0 0 0
0 0 0 0
0 0 0 4
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 25,019
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 15
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 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))
2013 273,092 3,719,762 0.073417
2012 235,038 3,321,382 0.070765
2011 318,871 2,925,684 0.108990
2010 376,138 2,957,527 0.127180
2009 313,580 2,857,484 0.109740
2 Total of line 1, column (d) ...................... 2 0.490092
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 0.098018
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 4,040,193
5 Multiply line 4 by line 3....................... 5 396,012
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,450
7 Add lines 5 and 6......................... 7 399,462
8 Enter qualifying distributions from Part XII, line 4.............. 8 302,526
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 (2014)
Form 990-PF (2014)
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 6,900
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 6,900
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 6,900
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 656
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.............. Part VI Line 7 - Tax Paid with the Original Return: 656 7 656
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 65
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 6,309
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 2015 estimated taxBullet0 RefundedBullet 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 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 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 addressbulletwww.folletteducationalfoundation.org
    14
    The books are in care ofbulletBRIAN JAY Telephone no.bullet (708) 884-3006
    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 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    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 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 2014?.............
    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 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    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 2014 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 2014.)....................
    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 2014?
    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 4945(d)(4)(A)? (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 (2014)
    Form 990-PF (2014)
    Page 7
    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
    BRIAN JAY 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
    FRANK GENTILE Trustee
    1.00     		0 0 0
    3 Westbrook Center Suite 200
    Westchester,IL60154
    SUSAN DAVIS FOLLETT Secretary
    1.00     		0 0 0
    3 Westbrook Center Suite 200
    Westchester,IL60154
    BRENDAN THORNTON 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
    IRIS WAICHLER Trustee
    1.00     		0 0 0
    3 Westbrook Center Suite 200
    Westchester,IL60154
    DARLENE EDWARDS 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 (2014)
    Form 990-PF (2014)
    Page 8
    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 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
    4,031,351
    b
    Average of monthly cash balances.......................
    1b
    70,368
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,101,719
    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
    4,101,719
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    61,526
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,040,193
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    202,010
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    202,010
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    6,900
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,900
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    195,110
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    195,110
    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
    195,110
    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
    302,526
    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
    302,526
    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
    302,526
    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 (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 195,110
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 172,080
    b From 2010....... 229,310
    c From 2011....... 173,855
    d From 2012....... 71,190
    e From 2013....... 90,949
    fTotal of lines 3a through e......... 737,384
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 302,526
    a Applied to 2013, 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 2014 distributable amount..... 195,110
    e Remaining amount distributed out of corpus 107,416
    5 Excess distributions carryover applied to 2014.    
    (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 5 844,800
    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 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		172,080
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		672,720
    10 Analysis of line 9:
    a Excess from 2010.... 229,310
    b Excess from 2011.... 173,855
    c Excess from 2012.... 71,190
    d Excess from 2013.... 90,949
    e Excess from 2014.... 107,416
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    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 2014, 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) 2014 (b) 2013 (c) 2012 (d) 2011
             
    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 address 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 (2014)
    Form 990-PF (2014)
    Page 11
    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
    M ARANDA
    15949 Chase Hill Blvd 8306
    San Antonio,TX78256     		  none Education Grant 2,500
    A AUGUSTINE
    18 Heritage Green Dr
    Fiskdale,MA01518     		  none Education Grant 1,750
    T BARRETT
    13 Sheridan St
    North Easton,MA02356     		  none Education Grant 1,500
    A BERGER
    1727 Orangewood Lane
    Arcadia,CA91006     		  none Education Grant 1,500
    K BERNADO
    8 Greyshire Ct
    Algonquin,IL60102     		  none Education Grant 2,000
    K BERNADO
    30 N Brainard St
    Naperville,IL60540     		  none Education Grant 2,500
    K BERNARDO
    8 Greyshire Ct
    Algonquin,IL60102     		  None Education Grant 2,000
    G BIANCHI
    2404 S Walnut
    Wonder Lake,IL60097     		  none Education Grant 2,500
    K BIANCHI
    2404 S Walnut
    Wonder Lake,IL60097     		  none Education Grant 2,000
    A BISHOP
    507 Center
    Decorah,IA52101     		  none Education Grant 1,500
    R BOGO
    1200 Arbor Dr
    Lemont,IL60439     		  none Education Grant 1,750
    D BONNETT
    1305 Lynburke Rd
    Lyndonville,VT05851     		  none Education Grant 2,250
    J BOYD II
    1055 Havenstone
    Lawerenceville,GA30045     		  none Education Grant 2,500
    M BRESLIN
    3139 Walnut Lane
    McHenry,IL60051     		  none Education Grant 1,000
    T BRETZ
    85 Valley Rd
    Glen Ellyn,IL60137     		  none Education Grant 2,000
    B BROOKS
    726 26th St
    Allegan,MI49010     		  none Education Grant 1,750
    C BROUGHTON
    7805 Gail Dr
    Cincinnati,OH45236     		  none Education Grant 1,750
    K BROWN
    373 Edith Ave
    Salt Lake City,UT84111     		  none Education Grant 1,537
    S BROWN
    12 Hilltop Ct
    Colchester,VT05446     		  none Education Grant 1,500
    X BROWN
    18W170 Standish Lane
    Villa Park,IL60181     		  none Education Grant 2,512
    M BUCKLEY
    8726 E Citrus Way
    Scottsdale,AZ85250     		  none Education Grant 2,750
    A CAMPBELL
    3103 Tulip St
    Pine Bluff,AR71603     		  none Education Grant 2,750
    A CASSIERE
    212 Hilltop Lane
    Sleepy Hollow,IL60118     		  none Education Grant 2,250
    A CELIA
    18745 Gentian Ave
    Riverside,CA92508     		  none Education Grant 1,250
    V CHAU
    1051 Felton St
    San Francisco,CA94134     		  none Education Grant 3,000
    K CIRUELAS
    4825 N Kentucky
    Chicago,IL60630     		  None Education Grant 1,500
    K CIRUELAS
    4825 N Kentucky
    Chicago,IL60630     		  none Education Grant 1,750
    J COATS
    4303 W Shamrock Lane 1
    McHenry,IL60050     		  none Education Grant 1,563
    M COCHARA
    25272 W Newberry Lane
    Lake Villa,IL60046     		  none Education Grant 2,750
    N COTE
    278 Holly Road
    Marshfield,MA02050     		  none Education Grant 1,000
    A DEFRONZO
    373 Auburn St
    Manchester,NH03103     		  none Education Grant 2,750
    T DENNIS
    7167 Prarie
    Burlington,WI53105     		  none Education Grant 1,750
    A DICANIO
    652 S Poplar
    Elmhurst,IL60126     		  none Education Grant 1,250
    J DIEHL
    1130 Philo St
    Scranton,PA18508     		  none Education Grant 2,654
    A DOMING
    509 Daniel Shays
    Belchertown,MA01007     		  none Education Grants 2,000
    T DOMING
    509 Daniel Shays
    Belchertown,MA01007     		  none Education Grant 2,000
    C DOUGLAS
    1258 Gate Post Lane
    Powder Springs,GA30127     		  none Education Grant 1,797
    B DOUGLAS
    1258 Gate Post Lane
    Powder Springs,GA30127     		  none Education Grant 1,500
    L DUNCANSON
    100 Kimball Building 1610
    Rexburg,ID83460     		  none Education Grant 2,250
    J ENGEL
    8544 Highton Ct
    Cincinnati,OH45236     		  none Education Grant 2,250
    R EVANS
    28047 N Wells
    Wauconda,IL60084     		  none Education Grant 1,750
    M FEEN
    815 N Broadway
    Saratoga Springs,NY12866     		  None Education Grant 2,250
    T FOX
    12812 St Charles
    Little Rock,AR72211     		  none Education Grant 2,750
    N GALLAGHER
    6906 Burning Tree Circle
    McHenry,IL60050     		  none Education Grant 3,250
    S GIBLEY
    1541 Verner Lee Lane
    South Bend,IN46635     		  none Education Grant 1,250
    M GRIFFIN
    1664 Normandy Woods Ct
    Grayslake,IL60030     		  none Education Grant 2,906
    E GULICK
    816 Burr Oak Ct
    West Lafayette,IN47909     		  none Education Grant 2,750
    A HARPHAM
    1210 W 1st St
    McCook,NE69001     		  none Education Grant 1,500
    H HARTMAN
    2417 N 4th St
    Sheboygan,WI53083     		  none Education Grant 2,250
    S HOELLE
    7410 Grandview
    Avon,IN46123     		  none Education Grant 2,500
    J HOFFMAN
    25187 260th St
    Carroll,IA51401     		  none Education Grant 1,847
    J HOPKINS
    59 W Roberta St
    Lemont,IL60439     		  none Education Grant 2,000
    B JOHNSON
    5209 Heather Lane
    Johnsburg,IL60051     		  none Education Grant 750
    J JOHNSON
    1146 NW 79th St
    Oklahoma City,OK73114     		  none Education Grant 2,250
    J JOHNSON
    5209 Heather Lane
    Johnsburg,IL60051     		  none Education Grant 2,000
    A JUAREZ
    505 N Harvard Ave
    Villa Park,IL60181     		  none Education Grant 1,750
    R JUREK
    312 Vine Ave
    Ridge,IL60068     		  none Education Grant 2,000
    R KABLINSKY
    105 Longfellow Road Apt 2
    Worcester,MA01602     		  none Education Grant 2,000
    K KAMBEROS
    12938 Red Oak Ct
    Homer Glen,IL60491     		  none Education Grant 1,500
    G KELLY
    70 Keith Place
    Bridgewater,MA02324     		  none Education Grant 3,000
    T KELLY
    70 Keith Place
    Bridgewater,MA02324     		  none Education Grant 1,250
    A KENNEDY
    1659 Yellowstone Circle
    Crystal Lake,IL60014     		  none Education Grant 1,250
    A KOSIC
    1061 W Polk Street 2
    Chicago,IL60607     		  none Education Grant 2,500
    W KOSTECKA
    27W085 Tamarack Dr
    Winfield,IL60190     		  none Education Grant 1,500
    S KRETSCHMER
    41 Sarah Dr
    Crystal Lake,IL60014     		  none Education Grant 1,000
    J LAHAY
    2306 Summerfield Dr
    Lafayette,IN47909     		  none Education Grant 1,500
    M LAMB
    611 Main St
    Wadsworth,OH44281     		  none Education Grant 1,500
    A LEGREID
    17417 Avon Lane
    Tinley Park,IL60487     		  none Education Grant 2,500
    B LEGREID
    17417 Avon Lane
    Tinley Park,IL60487     		  none Education Grant 1,250
    K LETO
    5940 SW 85 Street
    Maimi,FL33143     		  none Education Grant 1,500
    R LETO
    5940 SW 85 Street
    Maimi,FL33143     		  none Education Grant 2,500
    M LOPEZ
    35261 Tracy Pt
    Warrenville,IL60555     		  none Education Grant 1,500
    A MARSHALL
    PO Box 23153
    Siiverthorne,CO80498     		  none Education Grant 1,306
    S MATIAS
    2632 N Montclare
    Chicago,IL60707     		  none Education Grant 2,250
    J MCCANN
    230 Normandy Dr
    Addison,IL60101     		  none Education Grant 2,750
    K MCCOY
    508 Glen Arvin Ave
    Lexington,KY40508     		  none Education Grant 2,500
    C MCCRAY
    753 N Ollie St
    Stephenville,TX76401     		  none Education Grant 2,500
    P MCKAY
    6414 John St
    Crystal Lake,IL60014     		  none Education Grant 1,250
    K MILLER
    1315 W Lincoln Hwy
    DeKalb,IL60115     		  none Education Grant 2,750
    M MILLER
    5 Elizabeth
    Newburyport,MA01950     		  none Education Grant 2,500
    S MILLER
    1904 Shiloh Dr
    Johnsburg,IL60651     		  none Education Grant 1,750
    M MITCHELL
    600 Legend
    McHenry,IL60050     		  none Education Grant 2,000
    M MORALES
    7233 Wallpaper Ct
    Westerville,OH43082     		  none Education Grant 2,500
    N MORALES
    7233 Wallpaper Ct
    Westerville,OH43082     		  none Education Grant 2,500
    A MOULCHIN
    1700 Chapel Dr
    Valparaiso,IN46383     		  none Education Grant 2,500
    C MURRAY
    8314 Doe Ridge Ct
    Indianapolis,IN46256     		  none Education Grant 2,250
    M NDIBA
    1612 Fairway
    Springfield,MO65804     		  none Education Grant 2,250
    Z NOLDER
    8002 Fox River Rd
    Burlington,WI53105     		  none Education Grant 2,750
    S OSWALT
    2308 Rendleman Hall
    Edwardsville,IL62026     		  none Education Grant 3,000
    J PALIO
    3223 Lincoln Way
    East Mishawaka,IN46544     		  none Education Grant 2,250
    J PEARSON
    1513 Della Dr
    Hoffman Estates,IL60169     		  none Education Grant 2,000
    J PEARSON
    1513 Della Dr
    Hoffman Estates,IL60169     		  none Education Grant 1,750
    A PENNINGTON
    9 Grim Ct
    South Kirksville,MO63501     		  none Education Grant 2,500
    C PENNINGTON
    9 Grim Ct
    South Kirksville,MO63501     		  none Education Grant 1,250
    M PEREZ
    327 E 25th St 3W
    Chicago,IL60616     		  none Education Grant 2,750
    R PETERS
    639 38th St
    Rock Island,IL61201     		  none Education Grant 2,500
    T PICHEN
    870 Lake Geneva Blvd
    Lake Geneva,WI53147     		  none Education Grant 3,250
    T PIKINGTON
    201 Fearing St
    Amherst,MA01003     		  none Education Grant 121
    M PITTS
    6614 S Kenwood Ave Unit 204
    Chicago,IL60637     		  none Education Grant 2,250
    E PLATT
    702 Deerpath Rd
    Harvard,IL60033     		  none Education Grant 1,500
    Z PLATT
    702 Deerpath Rd
    Harvard,IL60033     		  none Education Grant 2,500
    M QUINNEY
    32 Burr Oak
    Crystal Lake,IL60014     		  none Education Grant 3,000
    J RALPH
    30 N Brainard St
    Naperville,IL60540     		  none Education Grant 518
    N RAYMOND
    1607 Kathleen Ave
    Huntley,IL60142     		  none Education Grant 1,250
    P REDMOND
    16043 Tulsa St
    Granada Hills,CA91344     		  none Education Grant 1,500
    E REINDERS
    3506 Sheridan Circle
    Bellevue,NE68123     		  none Education Grant 2,250
    M REINDERS
    3506 Sheridan Circle
    Bellevue,NE68123     		  none Education Grant 2,750
    V RENKOR
    13806 S Golden Oak
    Homer Glen,IL60491     		  none Education Grant 2,500
    A REYES
    5329 South Moody
    Chicago,IL60638     		  none Education Grant 1,500
    J RICHARDSON
    32 Mill Road
    Morris Plains,NJ07950     		  none Education Grant 1,750
    M ROSS
    1154 E Sunburst Lane
    Tempe,AZ85284     		  none Education Grant 2,499
    K ROUSH
    446 Quall Haven Lane
    Winston Salem,NC27107     		  none Education Grant 1,500
    K SAGE
    2 Widow Hill Rd
    Penn Yan,NY14527     		  none Education Grant 3,500
    K SAGE
    2 Widow Hill Rd
    Penn Yan,NY14527     		  none Education Grant 2,250
    A SANCHEZ
    722 Rochambeau
    San Antonio,TX78214     		  none Education Grant 1,750
    S SCHMITTENDORF
    5956 Lakecrest Dr
    Lakeview,NY14085     		  none Education Grant 2,000
    L SEXTON
    17228 S Comanche Ct
    Lockport,IL60441     		  none Education Grant 1,500
    K SEXTON
    17228 S Comanche Ct
    Lockport,IL60441     		  none Education Grant 2,261
    M SHORT
    30 Birchmeadow Rd
    Amesbury,MA01913     		  none Education Grant 1,500
    E SHUCK
    1021 W 22nd St
    Kearney,NE68845     		  none Education Grant 2,750
    S SHUCK
    1709 W 38th St Apt 49
    Kearney,NE68845     		  none Education Grant 2,500
    V SINGH
    300 S Hackberry
    Round Lake,IL60073     		  none Education Grant 1,750
    S SMITH
    3700 Whitetail Dr
    Wonder Lake,IL60097     		  none Education Grant 1,750
    T SMITH
    3700 Whitetail Dr
    Wonder Lake,IL60097     		  none Education Grant 1,250
    S SMOLICEK
    4636 N Kasson
    Chicago,IL60630     		  none Education Grant 3,000
    E STARCK
    Carnegie Mellon
    Pittsburgh,PA15289     		  none Education Grant 1,750
    L THEODULE
    1105 NE 179 Terrance North
    Miami Beach,FL33162     		  none Education Grant 2,500
    K TORIO
    2300 Willow Lane
    Rolling Meadows,IL60008     		  none Education Grant 1,750
    M TORIO
    2300 Willow Lane
    Rolling Meadows,IL60008     		  none Education Grant 3,000
    J TOTMAN
    5347 N Millbrook Ave
    Fresno,CA93710     		  none Education Grant 2,750
    L TUD
    1690 Channing Ct
    Melrose Park,IL60160     		  none Education Grant 1,500
    K TYNAN
    536 N Bierman Ave
    Villa Park,IL60181     		  none Education Grant 3,000
    J VANCE
    1653 N Mayfield Ave
    Greencastle,IN46135     		  none Education Grant 1,750
    N VOLCHKO
    206 E 1st St
    East Dundee,IL60118     		  none Education Grant 3,250
    B VOLCHKO
    206 E 1st St
    East Dundee,IL60118     		  none Education Grant 2,250
    A WALKER
    21543 Fulton Ct
    Plainfield,IL60544     		  none Education Grant 3,500
    N WALLA
    2011 Victoria Ave
    Bellevue,NE68005     		  none Education Grant 2,500
    S WALLECK
    509 Pembroke Rd SW
    Poplar Grove,IL61065     		  none Education Grant 1,750
    B WAMBACK
    15239 Summit Place
    Naples,FL34119     		  none Education Grant 3,000
    N WAMBACK
    15239 Summit Place
    Naples,FL34119     		  none Education Grant 2,250
    A WATTS
    6401 Warner Ave Apt 430
    Huntington Beach,CA92647     		  none Education Grant 1,750
    A WEDIG
    103 Shea
    Belmont,WI53510     		  none Education Grant 1,500
    E WESSEL
    910 W Taylor St
    DeKalb,IL60115     		  none Education Grant 1,750
    M WESSEL
    Judson University
    Elgin,IL60123     		  none Education Grant 3,000
    G WESTROPE
    1610 W Arrow
    Upland,CA91786     		  none Education Grant 2,000
    M WRENCH
    3766 Issac Weeks Rd
    Clinton,NC28329     		  none Education Grant 1,500
    M WRIGHT
    2007 Euclid St
    Evansville,IN47714     		  none Education Grant 755
    Total .................................bullet 3a 302,526
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    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....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....     14 319,971  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 25,034  
    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)..   345,005  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13345,005
    (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 (2014)
    Form 990-PF (2014)
    Page 13
    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 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    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) 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 (2014)
    Additional Data


    Software ID:  
    Software Version:  
    Part VI Line 7 - Tax Paid with the Original Return: 656


    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.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2014
    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 its Form 990PF, Part I, line 2, 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) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    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, IL60154

    		$131,215


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

    DAWN SCHUMANN  
    5675 Baltusrol Ct
     
    Sanibel, FL33957

    		$5,000


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

    DOUG JEAN THOMPSON  
    629 W Elm St
     
    Wheaton, IL60189

    		$5,000


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

    ROBERT JR FOLLETT  
    PO Box 4848
     
    Dillon, CO80435

    		$5,000


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

       
     
     

    		$  


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

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    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) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 4
    Name of organization
    Follett Educational Foundation
          		Employer identification number

    36-6104348
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
    that total more than $1,000 for the year from any one contributor. 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) (2014)

    Additional Data


    Software ID:  
    Software Version:  

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2014 GainLossSaleOtherAssetsSch
    Name:
    Follett Educational Foundation
    EIN: 36-6104348
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    Sales of Investments   Purchased     160,340 135,306     25,034  

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    Follett Educational Foundation
    EIN: 36-6104348
    Name of Bond End of Year Book Value End of Year Fair Market Value
    GNMA Pool 508271X 297 299
    Goldman Sachs Note Due 12/15/2034 150,000 153,411
    Barclays Bank PLC Note Due 4/19/2033 50,000 33,750

    TY 2014 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 4,070
    377.638576 Shares Pfizer, Inc 11,296 13,618
    149.037891 Shares General Electric 5,424 3,890
    150 Shares Pfizer, Inc 4,418 5,409
    29 Shares Johnson & Johnson 1,661 2,906
    1369 Shares CNO Financial Group, Inc 28,065 24,423
    2 Shares Citigroup, Inc 1,027 117
    106.434512 Shares Walgreens 4,792 10,285

    TY 2014 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   678,655 742,177
    American Century Growth Fund   285,825 349,105
    American Century International Growth Fund   137,855 119,361
    American Century Select Fund   576,618 830,537
    Auburn Bank CD Due 3/6/19   95,000 100,732
    Federated Kaufman Fund   261,087 352,496
    Goldman Sachs Bank CD Due 3/4/19   95,000 100,965
    Central National Bank CD Due 9/28/2021   240,000 240,408
    First National Bank of America CD Due 11/29/2024   95,914 96,204
    Horizon Bank CD Due 6/26/2026   55,000 54,261
    Citibank NA CD Due 1/27/2027   25,000 23,255
    Citibank NA CD Due 10/28/2031   150,000 132,180
    Goldman Sachs Bank CD Due 6/21/2032   100,000 100,952
    Citibank NA CD Due 6/29/2032   75,000 66,128
    BMO Harris Bank CD Due 4/25/2028   50,000 48,171
    Wells Fargo Bank CD Due 6/28/2028   150,000 146,041
    Farmers & Merchant Bank CD Due 10/30/2037   150,000 139,583
    Franklin Income Fund   58,644 51,539
    First Trust Portfolios Dow Target Fund   59,927 56,239
    JPMorgan Chase Bank CD Due 6/30/2034   100,000 83,500
    Henderson Global Equity Income Fund   81,245 73,418

    TY 2014 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 3,255      
    Bank Service Charges 120      
    Insurance 2,528      
    Fund Raising Expense 57,422      


    TY 2014 OtherIncomeSchedule2
    Name:
    Follett Educational Foundation
    EIN: 36-6104348
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Golf Outing 178,273    


    TY 2014 TaxesSchedule
    Name:
    Follett Educational Foundation
    EIN: 36-6104348
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Payroll Taxes 1,750      
    Federal Excise Tax 2,300