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
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 08-01-2015 , and ending 07-31-2016
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:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$4,403,057J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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) 147,749
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 247,598 247,598  
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 10,556
b Gross sales price for all assets on line 6a 262,089
7 Capital gain net income (from Part IV, line 2)... 10,556
8 Net short-term capital gain......... 153
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 145,074    
12 Total. Add lines 1 through 11........ 550,977 258,154 153
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 23,619      
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 7,750      
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest............... 34      
18 Taxes (attach schedule) (see instructions)... Click to see attachment 15,974      
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 74,827      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 122,204 0   0
25 Contributions, gifts, grants paid....... 265,770 265,770
26 Total expenses and disbursements. Add lines 24 and 25 387,974 0   265,770
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 163,003
b Net investment income (if negative, enter -0-) 258,154
c Adjusted net income (if negative, enter -0-)... 153
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
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............. 202,938 99,872 99,872
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)....... 57,702 Click to see attachment58,694 65,998
c Investments—corporate bonds (attach schedule)....... 200,297 Click to see attachment350,000 335,075
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,520,770 Click to see attachment3,635,801 3,902,112
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) 3,981,707 4,144,367 4,403,057
Liabilities 17 Accounts payable and accrued expenses.......... 578 235
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)......... 578 235
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 3,981,129 4,144,132
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)..... 3,981,129 4,144,132
31 Total liabilities and net assets/fund balances (see instructions). 3,981,707 4,144,367
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
3,981,129
2
Enter amount from Part I, line 27a .....................
2
163,003
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
4,144,132
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
4,144,132
Form 990-PF (2015)
Form 990-PF (2015)
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 Auburn Bank CD Due 3/6/19 P 2009-03-03 2015-09-01
b Goldman CD Due 3/4/19 P 2009-02-25 2015-09-08
c 6038 First Trust Port Dow Target 10 P 2015-05-11 2016-06-09
d 15.765 First Trust Port Dow Target 10 P 2015-06-25 2016-06-09
e 27.694 First Trust Port Dow Target 10 P 2015-08-25 2016-06-09
28.854 First Trust Port Dow Target 10 P 2015-09-25 2016-06-09
27.406 First Trust Port Dow Target 10 P 2015-11-25 2016-06-09
32.468 First Trust Port Dow Target 10 P 2015-12-28 2016-06-09
22.18 First Trust Port Dow Target 10 P 2016-02-25 2016-06-09
26.628 First Trust Port Dow Target 10 P 2016-03-28 2016-06-09
9.56 First Trust Port Dow Target 10 P 2016-04-25 2016-06-09
Citibank NA CD due 1/2/2027 P 2011-10-25 2016-07-28
Citibank NA CD due 10/28/2031 P 2012-01-11 2016-04-27
Citibank NA CD due 6/29/2032 P 2012-06-13 2016-06-29
Goldman Sachs Bank USA CD 6/21/2032 P 2012-06-12 2016-06-21
Wells Fargo Bank CD Due 6/28/2028 P 2012-12-20 2016-06-28
(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 99,779 0 95,000 4,779
b 99,876 0 95,000 4,876
c 60,524 0 59,776 748
d 158 0 150 8
e 277 0 246 31
289 0 245 44
275 0 253 22
325 0 300 25
222 0 206 16
267 0 260 7
96 0 96 0
25,000 0 25,000 0
15,000 0 15,000 0
75,000 0 75,000 0
100,000 0 100,000 0
150,000 0 150,000 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 4,779
b 0 0 0 4,876
c 0 0 0 748
d 0 0 0 8
e 0 0 0 31
0 0 0 44
0 0 0 22
0 0 0 25
0 0 0 16
0 0 0 7
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 10,556
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 3 153
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))
2014 302,526 4,040,193 0.074879
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
2
Total of line 1, column (d) .....................
20.455231
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
0.091046
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
4,144,003
5
Multiply line 4 by line 3......................
5
377,295
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
2,582
7
Add lines 5 and 6........................
7
379,877
8
Enter qualifying distributions from Part XII, line 4.............
8
265,770
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 (2015)
Form 990-PF (2015)
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 Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 5,163
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 5,163
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 5,163
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 6,920
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 - Original Return Overpayment: -6920 7 6,920
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,757
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet1,757 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 2015 or the taxable year beginning in 2015 (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
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 2015, 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  
    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 2015?.............
    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 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    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 2015 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 2015.)..................
    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 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    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 (2015)
    Form 990-PF (2015)
    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
    IRIS WAICHLER 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
    RAMONA BURNS Trustee
    1.00     		0 0 0
    3 Westbrook Center Suite 200
    Westchester,IL60154
    SUSAN DAVIS 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  
    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  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    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
    4,082,196
    b
    Average of monthly cash balances.......................
    1b
    124,914
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,207,110
    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
    4,207,110
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    63,107
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,144,003
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    207,200
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    207,200
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    5,163
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,163
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    202,037
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    202,037
    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
    202,037
    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
    265,770
    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
    265,770
    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
    265,770
    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 (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7 202,037
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010...... 229,310
    b From 2011...... 173,855
    c From 2012...... 71,190
    d From 2013...... 90,949
    e From 2014...... 107,416
    fTotal of lines 3a through e........ 672,720
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 265,770
    a Applied to 2014, 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 2015 distributable amount..... 202,037
    e Remaining amount distributed out of corpus 63,733
    5 Excess distributions carryover applied to 2015.    
    (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 5 736,453
    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 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. 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 2010 not
    applied on line 5 or line 7 (see instructions) ...     		229,310
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		507,143
    10 Analysis of line 9:
    a Excess from 2011.... 173,855
    b Excess from 2012.... 71,190
    c Excess from 2013.... 90,949
    d Excess from 2014.... 107,416
    e Excess from 2015.... 63,733
    Form 990-PF (2015)
    Form 990-PF (2015)
    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 2015, 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) 2015 (b) 2014 (c) 2013 (d) 2012
             
    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 (2015)
    Form 990-PF (2015)
    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
    S ACAR
    3953 Solutions Center
    Chicago,IL60677     		  none Education Grant 3,500
    M ARANDA
    One UTSA Circle
    San Antonio,TX78249     		  none Education Grant 3,000
    A AUGUSTINE
    486 Chandler Street
    Worcester,MA01602     		  none Education Grant 2,500
    M BANKS
    910 South Third Street
    Champaign,IL61820     		  none Education Grant 1,500
    T BARRETT
    220 Pawtucket Street Suite M30
    Lowell,MA01854     		  none Education Grant 2,250
    D BEDARD
    21 Boulevard Lasalle Sundbury ON P3
    Westchester,IL60154     		  none Education Grant 1,750
    A BERGER
    PO Box 4096
    Flagstaff,AZ86011     		  none Education Grant 750
    K BERNADO
    28393 Network Place
    Chicago,IL60673     		  none Education Grant 2,500
    K BERNADO
    30 N Brainard St
    Naperville,IL60540     		  none Education Grant 2,500
    K BERNARDO
    PO Box 754
    Kirksville,MO63501     		  None Education Grant 2,250
    A BISHOP
    700 College Drive
    Decorah,IA52101     		  none Education Grant 2,250
    R BOGO
    600 South Michigan Avenue
    Chicago,IL60605     		  none Education Grant 2,250
    D BONNETT
    730 East Beach Blvd
    Long Beach,MS39560     		  none Education Grant 2,750
    B BOSOWSKI
    800 West Main Street
    Whitewater,WI53190     		  none Education Grant 1,500
    J BOYD II
    PO Box 8155
    Statesboro,GA30460     		  none Education Grant 3,000
    I BRAILEY
    PO Box 173362
    Denver,CO80217     		  none Education Grant 1,250
    B BROOKS
    220 Trowbridge Road
    East Lansing,MI48824     		  none Education Grant 2,500
    J BROOKS
    893 West Street
    Amherst,MA01002     		  none Education Grant 1,750
    D BRYANT
    109 Shields Building
    University Park,PA16802     		  none Education Grant 1,750
    P BUSCH
    1425 West Lincoln Highway
    DeKalb,IL60115     		  none Education Grant 750
    B BUTDORFF
    281 West Lane Avenue
    Columbus,OH43210     		  none Education Grant 1,000
    C CARBONARA
    518 West Locust Street
    Davenport,IA52803     		  none Education Grant 750
    A CASSIERE
    620 East John Street
    Champaign,IL61820     		  none Education Grant 1,250
    A CELLA
    8432 Magnolia Avenue
    RIVERSIDE,CA92504     		  none Education Grant 1,250
    K CIRUELAS
    28393 Network Place
    Chicago,IL60673     		  None Education Grant 2,000
    J COATS
    4303 W Shamrock Lane 1
    McHenry,IL60050     		  none Education Grant 1,430
    M COCHARA
    1001 Rogers Street
    Columbia,MO65216     		  none Education Grant 2,750
    S CONKEY
    131 Summer Street
    Bridgewater,MA02324     		  none Education Grant 2,250
    C CONLISS
    Campus Box 2320
    Normal,IL61790     		  none Education Grant 1,750
    N COTE
    100 Morrissey Blvd
    Boston,MA02125     		  none Education Grant 750
    E CRANDALL
    PO Box 14409
    Des Moines,IA50306     		  none Education Grant 1,750
    A DEFRONZO
    100 Saint Anselm Drive 1733
    Manchester,NH03102     		  none Education Grant 3,250
    T DENNIS
    120 Wigley Administration Center
    MANKATO,MN56001     		  none Education Grant 2,250
    A DOMING
    PO Box 1630
    Westfield,MA01086     		  none Education Grants 2,500
    T DOMING
    PO Box 1630
    Westfield,MA01086     		  none Education Grant 2,500
    C DOUGLAS
    3175 Cedartown Highway
    Rome,GA30161     		  none Education Grant 1,855
    A EASLEY
    1425 West Lincoln Highway
    Dekalb,IL60115     		  none Education Grant 2,500
    S EDWARDS
    893 West Street
    Amherst,MA01002     		  none Education Grant 1,750
    R EVANS
    19351 West Washington Street
    Grayslake,IL60030     		  none Education Grant 1,290
    J FARLEY
    8900 US Highway 14
    Crystal Lake,IL60012     		  none Education Grant 1,250
    M FEEN
    815 N Broadway
    Saratoga Springs,NY12866     		  None Education Grant 2,750
    C FISCHER
    PO Box 7237
    Indianapolis,IN46206     		  none Education Grant 1,500
    S FOX
    2100 West University Avenue
    Wichita,KS67213     		  none Education Grant 1,000
    E FRANCZAK
    3690 East Avenue
    Rochester,NY14618     		  none Education Grant 1,500
    J GAL
    4000 Whiting Drive
    Midland,MI48640     		  none Education Grant 750
    L GILTNER
    1263 Lincoln Drive
    Carbondale,IL62901     		  none Education Grant 1,500
    P GLENN
    1501 Lakeside Drive
    Lynchburg,VA24501     		  none Education Grant 1,500
    J HANCOCK
    2309 West End Avenue
    Nashville,TN37203     		  none Education Grant 750
    M HANCOCK
    2309 West End Avenue
    Nashville,TN37203     		  none Education Grant 750
    R HAYMAKER
    709 Oklahoma Blvd
    ALVA,OK73717     		  none Education Grant 1,750
    S HOELLE
    Ball State University
    Muncie,IN47306     		  none Education Grant 2,500
    J HOFFMAN
    515 Morrill Road
    Ames,IA50011     		  none Education Grant 2,750
    L IBARRA
    PO Box 4079
    Flagstaff,AZ86011     		  none Education Grant 1,250
    B JOHNSON
    7150 Montview Blvd
    DENVER,CO80220     		  none Education Grant 2,000
    C JOLLY
    333 East Campus Mall 10501
    Madison,WI53715     		  none Education Grant 750
    A JUAREZ
    1 University Circle
    Macomb,IL61455     		  none Education Grant 2,000
    A JUAREZ
    620 East John Street
    Champaign,IL61820     		  none Education Grant 2,500
    C JUDGE
    28 Westhampton Way
    Richmond,VA23173     		  none Education Grant 750
    R JUREK
    1200 West Harrison Street
    Chicago,IL60607     		  none Education Grant 2,250
    K KAMBEROS
    639 38th Street
    Rock Island,IL61201     		  none Education Grant 2,250
    M KONLEY
    3700 West 103rd Street
    Chicago,IL60655     		  none Education Grant 1,500
    S LANDAVERDE
    18111 Nordhoff Street
    Northridge,CA91330     		  none Education Grant 728
    B LAVIN
    One University Avenue
    Bourbonnais,IL60914     		  none Education Grant 1,500
    T LEACH
    15 Jesse Hall
    Columbia,MO65211     		  none Education Grant 1,250
    B LEERS
    281 West Lane Avenue
    Columbus,OH43210     		  none Education Grant 3,000
    L LEON
    812 University
    Pella,IA50219     		  none Education Grant 1,750
    K LETO
    1500 University Center
    Tallahassee,FL32306     		  none Education Grant 2,250
    G LYNG
    640 Bay Road
    Queensbury,NY12804     		  none Education Grant 1,750
    J MARCHERT
    Bovee University Center 119
    Mt Pleasant,MI48859     		  none Education Grant 2,750
    S MATIAS
    4300 North Narragansett
    Chicago,IL60634     		  none Education Grant 1,069
    J MCCANN
    425 Fawell Blvd
    Glen Ellyn,IL60137     		  none Education Grant 3,000
    J MCGRAW
    3261 West State Road
    Saint Bonaventure,NY14778     		  none Education Grant 2,500
    K MCGRAW
    3261 West State Road
    Saint Bonaventure,NY14778     		  none Education Grant 1,500
    K MCRAITH
    15 Jesse Hall
    Columbia,MO65211     		  none Education Grant 750
    M MEIER
    Bursars Office
    Louisville,KY40292     		  none Education Grant 1,250
    S MILLER
    1007 South Third Street
    Champaign,IL61820     		  none Education Grant 2,250
    N MORALES
    1 Ohio University
    Athens,OH45701     		  none Education Grant 3,000
    V MORGA
    601 University Drive
    San Marcos,TX78666     		  none Education Grant 3,000
    C MORRIS
    1032 West Sheridan Road
    Chicago,IL60660     		  none Education Grant 1,750
    C MURRAY
    PO Box 7237
    Indianapolis,IN46206     		  none Education Grant 2,750
    M OLIVER
    20 Tillman Hall
    Rock Hill,SC29733     		  none Education Grant 750
    A OSWALT
    1 Hairpin Drive
    Edwardsville,IL62026     		  none Education Grant 1,500
    S OSWALT
    1 University Circle
    Macomb,IL61455     		  none Education Grant 1,250
    J PALLO
    1 Campus Drive
    Allendale,MI49401     		  none Education Grant 2,750
    J PEARSON
    Campus Box 2320
    Normal,IL61790     		  none Education Grant 1,750
    J PEARSON
    1513 Della Dr
    Hoffman Estates,IL60169     		  none Education Grant 2,000
    A PENNINGTON
    800 University Drive
    Maryville,MO64468     		  none Education Grant 3,000
    C PENNINGTON
    1 University Circle
    Macomb,IL61455     		  none Education Grant 2,500
    W PENNINGTON
    2800 South Lone Tree Road
    Flagstaff,AZ86005     		  none Education Grant 1,362
    A PITSENBARGER
    738 South Mason Street
    Harrisonburg,VA22807     		  none Education Grant 2,250
    E PLATT
    700 East Broadway
    Monmouth,IL61462     		  none Education Grant 2,000
    Z PLATT
    700 East Broadway
    Monmouth,IL61462     		  none Education Grant 3,000
    J POLLARD
    83 Windham Street
    Willimantic,CT06226     		  none Education Grant 1,250
    P REDMOND
    One Washington Square
    San Jose,CA95192     		  none Education Grant 2,000
    C REDSHAW
    515 Morrill Road
    Ames,IA50011     		  none Education Grant 3,000
    E REED
    190 Prospect Avenue
    Elmhurst,IL60126     		  none Education Grant 750
    R REEL
    PO Box 4386
    Spartanburg,SC29305     		  none Education Grant 2,000
    E REINDERS
    1014 Boswell Avenue
    Crete,NE68333     		  none Education Grant 2,750
    M REINDERS
    984245 Nebraska Medical Center
    Omaha,NE68198     		  none Education Grant 3,250
    V RENKOR
    Office of Student Financial Aid
    IOWA CITY,IA52242     		  none Education Grant 750
    J RICHARDSON
    881 Commonwealth Avenue
    BOSTON,MA02215     		  none Education Grant 2,250
    P RIGODON
    1425 West Lincoln Highway
    DeKalb,IL60115     		  none Education Grant 1,250
    J ROCHE
    210 South College Avenue
    Newark,DE19716     		  none Education Grant 1,750
    M ROSS
    PO Box 870412
    Tempe,AZ85287     		  none Education Grant 2,750
    K ROUSH
    1 Ohio University
    Athens,OH45701     		  none Education Grant 1,750
    L RUSK
    600 Lincoln Avenue
    Charleston,IL61920     		  none Education Grant 2,750
    A SANCHEZ
    6300 Ocean Drive Unit 5772
    Corpus Christi,TX78412     		  none Education Grant 2,250
    S SCHMITTENDORF
    10900 Euclid Avenue
    Cleveland,OH44106     		  none Education Grant 2,000
    L SEXTON
    347 South Gladstone Avenue
    Aurora,IL60506     		  none Education Grant 2,000
    K SEXTON
    1215 Houbolt Road
    Joliet,IL60431     		  none Education Grant 1,933
    M SHORT
    352 Lafayette Street
    Salem,MA01970     		  none Education Grant 1,750
    E SHUCK
    605 West 25th Street
    Kearney,NE68849     		  none Education Grant 3,250
    V SINGH
    1032 West Sheridan Road
    Chicago,IL60660     		  none Education Grant 2,250
    J SNARSKI
    1425 West Lincoln Highway
    DeKalb,IL60115     		  none Education Grant 2,000
    C SPEARS
    1151 North State Street
    Elgin,IL60123     		  none Education Grant 2,250
    K SPEARS
    1151 North State Street
    Elgin,IL60123     		  none Education Grant 1,250
    A SPIKES
    425 Fawell Blvd
    Glen Ellyn,IL60137     		  none Education Grant 1,500
    E STARCK
    5000 Forbes Avenue
    Pittsburgh,PA15213     		  none Education Grant 2,500
    R THOMPSON
    8900 US Highway 14
    Crystal Lake,IL60012     		  none Education Grant 2,250
    J TOTMAN
    5150 North Maple Avenue
    Fresno,CA93740     		  none Education Grant 3,250
    L TUD
    2000 5th Avenue
    River Grove,IL60171     		  none Education Grant 2,000
    J VANCE
    PO Box 37
    Greencastle,IN46135     		  none Education Grant 2,250
    R VARNEY
    100 State Street
    Framingham,MA01701     		  none Education Grant 1,750
    J VONCKX
    1 University Plaza
    Platteville,WI53818     		  none Education Grant 2,250
    N WALLA
    6001 Dodge Street
    Omaha,NE68182     		  none Education Grant 2,500
    S WALLECK
    3301 North Mulford Road
    Rockford,IL61114     		  none Education Grant 2,000
    M WALTERS
    Cal Poly University San Luis Obispo
    San Luis Obispo,CA93407     		  none Education Grant 1,750
    B WAMBACK
    10501 FGCU Blvd South
    Fort Myers,FL33965     		  none Education Grant 3,000
    B WARD
    11 Garrison Avenue-Stoke Hall
    Durham,NH03824     		  none Education Grant 1,250
    M WARREN
    Old Dominion University
    Norfolk,VA23529     		  none Education Grant 2,500
    A WATTS
    11711 Sand Canyon Road
    Yucaipa,CA92399     		  none Education Grant 1,001
    A WEDIG
    1 University Plaza
    Platteville,WI53818     		  none Education Grant 1,750
    E WESSEL
    1151 North State Street
    ELGIN,IL60123     		  none Education Grant 2,250
    G WESTROPE
    1662 West Arrow Highway 181
    Upland,CA91786     		  none Education Grant 2,500
    M WRENCH
    411 North Front Street
    Wilmington,NC28401     		  none Education Grant 1,102
    M WRIGHT
    8600 University Blvd
    Evansville,IN47712     		  none Education Grant 2,750
          0
    Total .................................bullet 3a 265,770
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    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....     14 247,598  
    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 10,556  
    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)..   258,154  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13258,154
    (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 (2015)
    Form 990-PF (2015)
    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 organizations?
    Yes
    No
    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 name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  
    Part VI Line 7 -Original Return Overpayment: -6,920


    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
    2015
    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) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) 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 CorporationFHEG
     

       
    3 Westbrook Corp Center Suite 200
     
    Westchester, IL60154

    		$ 53,423


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

    ARIEL O'HARA  
    521 Woodvale Ave
     
    Deerfield, IL600152373

    		$ 20,000


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

       
    55740 Currant Rd
     
    Mishawaka, IN46545

    		$ 16,774


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

    JOHN AND AMY O'HARA  
    PO Box 1687
     
    Sandpoint, ID83864

    		$ 5,000


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

    ROBERT AND NANCY FOLLETT  
    3237 Summer Wind Lane
     
    Littleton, CO80129

    		$ 5,075


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    Ruth J Follett Trust
     

       
    610 Melrose Ave
     
    Kenilworth, IL60043

    		$ 12,500


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    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) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    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) (2015)

    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 2015 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     262,089 251,533     10,556  

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    Follett Educational Foundation
    EIN:
    36-6104348
    Name of Bond End of Year Book Value End of Year Fair Market Value
    Goldman Sachs Note Due 12/15/2034 150,000 150,000
    Barclays Bank PLC Note Due 4/19/2033 50,000 35,075
    Morgan Stanley Fin LLC Fixed to Float Med Term Note Due 7/29/36 150,000 150,000

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    Follett Educational Foundation
    EIN:
    36-6104348
    Name of Stock End of Year Book Value End of Year Fair Market Value
    40 Shares S&P Global Inc. 1,019 4,888
    150 Shares Pfizer, Inc 4,418 5,534
    391.098304 Shares Pfizer, Inc 11,740 14,428
    149.037891 Shares General Electric 5,563 4,791
    29 Shares Johnson & Johnson 1,661 3,632
    1369 Shares CNO Financial Group, Inc 28,065 23,780
    2 Shares Citigroup, Inc 1,027 88
    107.542 Shares Walgreens 4,883 8,523
    3 Shares Vanguard Total Stock 318 334

    TY 2015 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   721,733 763,680
    American Century Growth Fund   308,704 359,365
    American Century International Growth Fund   144,123 108,444
    American Century Select Fund   627,470 855,508
    Federated Kaufman Fund   263,796 274,642
    Central National Bank CD Due 9/28/2021   240,000 240,353
    First National Bank of America CD Due 11/29/2024   95,914 96,180
    Horizon Bank CD Due 6/26/2026   55,000 55,426
    BMO Harris Bank CD Due 4/25/2028   50,000 50,224
    BMO Harris Bank CD Due 9/16/2030   200,000 200,660
    BMO Harris Bank CD Due 6/30/36   150,000 147,750
    Farmers & Merchant Bank CD Due 10/30/2037   150,000 150,000
    Franklin Income Fund   50,358 43,446
    First Trust Portfolios Dow Target Fund   62,697 64,913
    JPMorgan Chase Bank CD Due 6/30/2034   100,000 80,875
    JPMorgan Chase Bank CD Due 11/30/2035   124,800 131,277
    Henderson Global Equity Income Fund   65,759 55,272
    Wells Fargo Bank CD Due 7/25/2034   75,000 74,719
    Wells Fargo Bank CD Due 5/13/2036   25,000 25,414
    Federated Kaufman TTFS   59,547 61,132
    Franklin Income TTFS   11,056 9,877
    Henderson Global TTFS   19,844 17,375
    Wells Fargo CD TTFS   35,000 35,580

    TY 2015 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 15      
    Miscellaneous Adm 2,518      
    Bank Service Charges 3,920      
    Insurance 2,828      
    Fund Raising Expense 65,546      


    TY 2015 OtherIncomeSchedule2
    Name:
    Follett Educational Foundation
    EIN:
    36-6104348
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Golf Outing 145,074    


    TY 2015 TaxesSchedule
    Name:
    Follett Educational Foundation
    EIN:
    36-6104348
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Payroll Taxes 2,745      
    Federal Excise Tax 13,229