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.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 08-01-2018 , and ending 07-31-2019
Name of foundation
Follett Educational Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)1340 Ridgeview Drive
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
McHenry, IL60050
A Employer identification number

36-6104348
B Telephone number (see instructions)

(708) 884-3047
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... 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$5,285,409J 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) 93,125
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 323,374 323,374  
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 5,882
b Gross sales price for all assets on line 6a 82,610
7 Capital gain net income (from Part IV, line 2)... 5,882
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... Click to see attachment 124,184    
12 Total. Add lines 1 through 11........ 546,565 329,256  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 20,624      
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 0      
b Accounting fees (attach schedule)....... 2,800      
c Other professional fees (attach schedule).... 0      
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,774      
19 Depreciation (attach schedule) and depletion... 0    
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 66,200      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 94,398 0   0
25 Contributions, gifts, grants paid....... 305,661 305,661
26 Total expenses and disbursements. Add lines 24 and 25 400,059 0   305,661
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 146,506
b Net investment income (if negative, enter -0-) 329,256
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
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............. 207,122 147,477 147,477
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).....   0  
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet     0  
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)....... 28,265 Click to see attachment28,265 32,109
c Investments—corporate bonds (attach schedule)....... 350,000 Click to see attachment350,000 295,954
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,853,780 Click to see attachment4,059,918 4,809,869
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
15 Other assets (describe bullet) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,439,167 4,585,660 5,285,409
Liabilities 17 Accounts payable and accrued expenses.......... 166 153
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons   0
21 Mortgages and other notes payable (attach schedule)......   0
22 Other liabilities (describe bullet) 0 0
23 Total liabilities (add lines 17 through 22)......... 166 153
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 4,439,001 4,585,507
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here 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)..... 4,439,001 4,585,507
31 Total liabilities and net assets/fund balances (see instructions). 4,439,167 4,585,660
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
4,439,001
2
Enter amount from Part I, line 27a .....................
2
146,506
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
4,585,507
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
4,585,507
Form 990-PF (2018)
Form 990-PF (2018)
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 Federated Kaufman Fund P 2005-07-25 2018-08-15
b First Trust Port Dow Target 10 P 2017-07-13 2018-08-09
c
d
e
(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 7,000 0 5,751 1,249
b 75,610 0 70,977 4,633
c
d
e
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 1,249
b 0 0 0 4,633
c
d
e
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 5,882
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see 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))
2017 288,520 4,709,507 0.061263
2016 258,141 4,264,028 0.060539
2015 265,770 4,144,003 0.064134
2014 302,526 4,040,193 0.074879
2013 273,092 3,719,762 0.073417
2
Total of line 1, column (d) .....................
2
0.334232
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.066846
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
4,806,740
5
Multiply line 4 by line 3......................
5
321,311
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
3,293
7
Add lines 5 and 6........................
7
324,604
8
Enter qualifying distributions from Part XII, line 4,.............
8
305,661
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 (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 6,585
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 6,585
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 6,585
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 2,800
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
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: 2800 7 2,800
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 119
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 3,904
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 2019 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 2018 or the taxable year beginning in 2018? See the 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 (2018)
    Form 990-PF (2018)
    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 ofbulletBritten Follett Telephone no.bullet (708) 884-3508

    Located atbullet1340 Ridgeview DrMcHenryIL ZIP+4bullet60050
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, 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 the instructions for exceptions and filing requirements for FinCEN Form 114. 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 2018?.............
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    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 2018 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 2018.)..................
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    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:
    Yes
    No
    (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
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    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
    1340 Ridgeview Dr
    McHenry,IL60050
    Keith O'Hara Vice President
    1.00     		0 0 0
    1340 Ridgeview Dr
    McHenry,IL60050
    Christopher Traut Trustee
    1.00     		0 0 0
    1340 Ridgeview Dr
    McHenry,IL60050
    Robert B Ferris Treasurer
    8.00     		0 0 0
    1340 Ridgeview Dr
    McHenry,IL60050
    Matthew Follett Trustee
    1.00     		0 0 0
    1340 Ridgeview Dr
    McHenry,IL60050
    Frank Gentile Trustee
    1.00     		0 0 0
    1340 Ridgeview Dr
    McHenry,IL60050
    Iris Waichler Secretary
    1.00     		0 0 0
    1340 Ridgeview Dr
    McHenry,IL60050
    Brendan Thornton Trustee
    1.00     		0 0 0
    1340 Ridgeview Dr
    McHenry,IL60050
    Ramona Burns Trustee
    1.00     		0 0 0
    1340 Ridgeview Dr
    McHenry,IL60050
    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
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    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 (2018)
    Form 990-PF (2018)
    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
    4,784,916
    b
    Average of monthly cash balances.......................
    1b
    95,023
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,879,939
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    4,879,939
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    73,199
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,806,740
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    240,337
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    240,337
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    6,585
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,585
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    233,752
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    233,752
    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
    233,752
    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
    305,661
    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
    305,661
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    305,661
    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 (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 233,752
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 90,949
    b From 2014...... 107,416
    c From 2015...... 63,733
    d From 2016...... 48,333
    e From 2017...... 58,616
    fTotal of lines 3a through e........ 369,047
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 305,661
    a Applied to 2017, 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)........     		0
    d Applied to 2018 distributable amount..... 233,752
    e Remaining amount distributed out of corpus 71,909
    5 Excess distributions carryover applied to 2018.    
    (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 5 440,956
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    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 ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		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) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		90,949
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		350,007
    10 Analysis of line 9:
    a Excess from 2014.... 107,416
    b Excess from 2015.... 63,733
    c Excess from 2016.... 48,333
    d Excess from 2017.... 58,616
    e Excess from 2018.... 71,909
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 2018, 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) 2018 (b) 2017 (c) 2016 (d) 2015
             
    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 foundation 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 (2018)
    Form 990-PF (2018)
    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
    H Abramovich
    Post Univ 800 Country Club Rd
    Woodbury,CT06798     		  none Education Grant 2,000
    B Arnold
    100 East University MSC 8411
    Magnolia,AR71753     		  none Education Grant 1,750
    A Atkinson
    Univ of VA 400 Emmet St
    Charlottesville,VA60030     		  none Education Grant 2,361
    J Averch
    Morningside College 1501 Morningsid
    Sioux City,IA51106     		  none Education Grant 2,250
    M Banks
    Univ of IL 910 South Third Street
    Champaign,IL61820     		  none Education Grant 3,250
    A Bargiel
    Carroll Univ 100 N Eash Ave
    Waukesha,WI53186     		  none Education Grant 2,000
    S Black
    Tallahassee Community College 444 A
    Tallahassee,FL32304     		  none Education Grant 1,750
    B Bosowski
    Univ of WI 800 W Main St Hyer Hall
    Whitewater,WI53190     		  none Education Grant 3,500
    R Bosowski
    Univ of WI 800 W Main St Hyer Hall
    Whitewater,WI53190     		  none Education Grant 3,500
    B Boyd
    Winston Salem State Univ 601 S Mart
    WinstonSalem,NC27110     		  none Education Grant 2,250
    I Briley
    Metropolitan State Univ Campus Box
    Denver,CO80217     		  none Education Grant 3,000
    G Brinn
    Univ of Central Fl PO Box 160115
    Orlando,FL32816     		  none Education Grant 2,000
    D Bryant
    Penn State 109 Shields Building
    University Park,PA16802     		  none Education Grant 3,750
    J Bukantis
    Iowa St Univ 1220 Beardshear Hall 5
    Ames,IA50011     		  none Education Grant 1,000
    A Burke
    Univ of IL 620 E John St
    Champaign,IL61820     		  none Education Grant 1,000
    A Cassiere
    Univ of MN 200 Fraser Hall 106 Plea
    Minneapolis,MN55455     		  none Education Grant 2,750
    J Chatman
    Indiana State Univ Bursar Operation
    Terre Haute,IN47809     		  none Education Grant 2,250
    S Collins
    ISU Campus Box 2320
    Normal,IL61790     		  none Education Grant 1,750
    C Conliss
    IL State Univ Box 1210
    Normal,IL61790     		  none Education Grant 3,750
    M Conliss
    McHenry CC 8900 US Hwy14
    Crystal Lake,IL60012     		  none Education Grant 2,250
    M Dass
    Univ of MD Lee Bldg
    College Park,MD20742     		  none Education Grant 2,000
    J DeBoe
    Spelman CollegeCashier Office Box17
    Atlanta,GA30314     		  none Education Grant 2,000
    E Delapaz
    Texas Christian Univ TCU Box 297077
    Fort Worth,TX76129     		  none Education Grant 2,000
    N Delapaz
    Univ of Texas Arlington 701 S Nedde
    Arlington,TX76019     		  none Education Grant 2,250
    C Douglas
    BYU-Idaho525 S Center St
    Rexburg,ID83460     		  none Education Grant 2,750
    D Douglas
    BYU-Idaho 525 S Center St
    Rexburg,ID83460     		  none Education Grant 1,750
    C Drury
    Western Tech College400 Seventh St
    LaCrosse,WI09085     		  none Education Grant 2,000
    K Easley
    ISU Campus Box 2320
    Normal,IL61790     		  none Education Grant 3,000
    K Easterline
    NIU 1425 W Lincoln Hwy
    DeKalb,IL60115     		  none Education Grant 3,500
    E Ewoldt
    Purdue Univ 2200 169th St
    Hammond,IN46323     		  none Education Grant 3,250
    E Farrell
    Maryville Univ 350 Maryville Univer
    St Louis,MO63141     		  none Education Grant 1,750
    Q Farrell
    Bradley Univ 1501 W Bradley Ave
    Peoria,IL61625     		  none Education Grant 1,750
    C Fox
    John Brown Univ 2000 W University
    Siloam Springs,AR72761     		  none Education Grant 1,750
    S Fox
    Friends University
    Witchita,KS67213     		  none Education Grant 3,250
    B Gibley
    Aquinas College 1700 Fulton St East
    Grand Rapids,MI78249     		  none Education Grant 3,000
    P Glenn
    1501 Lakeside Dr
    Lynchburg,VA24501     		  none Education Grant 3,250
    R Glenn
    Blue Ridge Comm College PO Box 80
    Weyers Cave,VA24486     		  none Education Grant 1,750
    C Haggerty
    PO Box 320455
    Fairfield,CT06824     		  none Education Grant 3,000
    N Hamlett
    Univ of NC 450 Ridge Rd CB1400
    Chapel Hill,NC27599     		  none Education Grant 2,250
    L Hardy
    Univ of No Georgia 82 College
    Dahlonega,GA30597     		  none Education Grant 3,500
    J Haydel
    NW State Univ PO Box 5669
    Natchitoches,LA71497     		  none Education Grant 2,750
    R Haymaker
    Office of Bursar 113 Student Union
    Stillwater,OK74078     		  none Education Grant 3,250
    R Haymaker
    Office of Bursar 113 Student Union
    Stillwater,OK74078     		  none Education Grant 2,750
    M Herzog
    SIU 3146 Solutions Ctr
    Chicago,IL60677     		  none Education Grant 2,983
    T Hrubes
    Marquette Univ Zibel Hall 1250 W Wi
    Milwaukee,WI53233     		  none Education Grant 2,000
    K Hultberg
    Oregon State University 100 Kerr
    Corvallis,OR97331     		  none Education Grant 2,750
    J Ibarra
    Northern AZ Univ 601 S Knoles
    Flagstaff,AZ86001     		  none Education Grant 2,250
    A Jackson
    OK State Univ 113 Student Union
    Stillwater,OK74078     		  none Education Grant 3,500
    E Jacques
    Fitchburg St University 160 Pearl S
    Fitchburg,MA01420     		  none Education Grant 2,000
    E Johns
    NW Univ Evanston IL 60208
    Evanston,IL60208     		  none Education Grant 1,000
    A Juarez
    Univ of IL at Urbana 3081 Universit
    Macomb,IL61455     		  none Education Grant 3,250
    H Kaniewski
    Ball St Univ Office of the Bursar L
    Muncie,IN47306     		  none Education Grant 2,750
    O Kasdin
    ITHACA 953 Danby Rd
    Ithaca,NY14850     		  none Education Grant 3,000
    M Klein
    St Univ of NY 1 College Circle
    Geneseo,NY14454     		  none Education Grant 1,000
    J Kolwicz
    Columbus St Univ 4225 University Av
    Columbus,GA31907     		  none Education Grant 3,250
    M Konley
    St Xavier Univ 3700 W 103rd St
    Chicago,IL60655     		  none Education Grant 3,250
    J Kowal
    The College of NJ PO Box 781791
    Philadelphia,PA19178     		  none Education Grant 2,500
    J Kroeger
    Stevens Inst of Tech Cast Point on
    Hoboken,NJ07030     		  none Education Grant 1,000
    J Le
    Univ of IL- Chgo1200 West Harrison
    Chicago,IL60607     		  none Education Grant 3,000
    J Leon
    McHenry College 8900 US Hwy 14
    Crystal Lake,IL60012     		  none Education Grant 2,250
    L Leon
    Central College 812 University
    Pella,IA50219     		  none Education Grant 3,250
    V Leonard
    Bishops Univ 2600 College st
    Sherbrooke,CA00000     		  none Education Grant 2,000
    C Lipford
    Univ of Kansas PO Box 414680
    Kansas City,MO64141     		  none Education Grant 1,750
    L Long
    3009 Broadway
    New York,NY10027     		  none Education Grant 1,000
    W Lovasz
    Arizona State Univ PO Box 870412
    Tempe,AZ85287     		  none Education Grant 1,500
    S Majewski
    Univ of IL Chgo9000 West College Pa
    Palos Hills,IL60465     		  none Education Grant 3,250
    C Martillo
    Concordia Univ 7400 Augusta St
    River Forest,IL60305     		  none Education Grant 2,000
    M Marunde
    Augusta College 639 38th St
    Rock Island,IL61201     		  none Education Grant 1,000
    T Maxwell
    Black Hills St Univ 1200 Univ St Un
    Spearfish,SD57799     		  none Education Grant 2,250
    J McGraw
    St Bona Venture Univ PO Box 2448 St
    Bonaventure,NY14778     		  none Education Grant 3,750
    K McGraw
    2425 Sweet Home Rd
    Amherst,NY14228     		  none Education Grant 3,750
    K McKenzie
    Delaware St Univ 1200 N DuPont Hwy
    Dover,DE19901     		  none Education Grant 2,467
    K McRaith
    Univ of MO-Columbia15 Jesse Hall
    Columbia,MO65211     		  none Education Grant 3,000
    C Mehr
    Spring Hill College 4000 Dauphin St
    Mobile,AL36608     		  none Education Grant 2,750
    R Mehr
    Fl State Univ A1500 Univ Ctr
    Tallahassee,FL32306     		  none Education Grant 1,750
    B Melton
    Lee University 1120 N Ocoee St
    Cleveland,TN37311     		  none Education Grant 2,000
    M Meranda
    Carroll Univ 100 N Eash Ave
    Cleveland,TN37311     		  none Education Grant 1,500
    M Merriman
    PO Box 823660
    Philadelphia,PA19182     		  none Education Grant 2,000
    M Miller
    Miami Univ 301 S Campus Ave
    Oxford,OH45056     		  none Education Grant 1,500
    K Mills
    Long Fairfax Comm College
    Chicago,IL60677     		  none Education Grant 1,842
    T Misirpashayev
    Rutgers PO Box 2021
    New Brunswick,NJ08903     		  none Education Grant 1,000
    E Moore
    Caly Poly State University
    San Luis Obisbo,CA93407     		  none Education Grant 1,750
    J Moore
    Univ of AK at Little Rock 2801 S Un
    Little Rock,AR72204     		  none Education Grant 1,540
    K Morgan
    Columbus St Univ 4225 Univ Ave
    Columbus,GA31907     		  none Education Grant 3,000
    K Moyer
    MidAmerica Nazarene Univ 2030 E Col
    Olathe,KS66062     		  none Education Grant 3,000
    A Novy
    McHenry County College8900 US Highw
    Crystal Lake,IL60012     		  none Education Grant 2,250
    H Oliver
    Wofford College 429 N Church St
    Spartanburg,SC29303     		  none Education Grant 2,250
    B Oo
    University of Michigan
    Ann Arbor,MI48109     		  none Education Grant 1,250
    A Oswalt
    McHenry Cty1 Hairpin Drive
    Edwardsville,IL62026     		  none Education Grant 2,500
    J Pallante
    Rowan Univ 201 Mullica Hill Rd
    Glassboro,NJ08028     		  none Education Grant 1,750
    I Partipilo
    UW Whitewater 130 Hyer Hall
    Whitewater,WI53190     		  none Education Grant 3,250
    S Partipilo
    Purdue Univ 610 Purdue Mall
    West Lafayette,IN479072040     		  none Education Grant 2,250
    K Peley
    Univ of Central FL PO Box 160115
    Orlando,FL32816     		  none Education Grant 2,000
    M Pennington
    Lindenwood University 209 S Kingshi
    St Charles,MO63301     		  none Education Grant 2,000
    A Pilla
    1145 Market St
    San Francisco,CA94103     		  none Education Grant 1,500
    K Prince
    PO Box 2640
    State University,AR724672640     		  none Education Grant 2,500
    M Ragno
    Rowan Univ 201 Mullica Hill Rd
    Glassboro,NJ08028     		  none Education Grant 2,750
    V Ragno
    Rutgers PO Box 2021
    New Brunswick,NY08903     		  none Education Grant 3,000
    A Reyes
    University of IL 620 E John St
    Urbana,IL61820     		  none Education Grant 1,750
    A Reyes
    University of IL 1200 W Harrison
    Chicgo,IL60607     		  none Education Grant 3,000
    P Rigodon
    NIU 1425 West Lincoln Highway
    DeKalb,IL60115     		  none Education Grant 3,250
    A Ruiz
    380 E Aten Rd
    Imperial,CA92251     		  none Education Grant 2,145
    R Ruiz
    University of Vermont 85 S Prospect
    Burlington,VT05401     		  none Education Grant 2,500
    S Ruiz
    Univ of Vermont 85 S Prospect St
    Burlington,VT05401     		  none Education Grant 2,750
    J Schmittendorf
    DYouville College 320 Porter Ave
    Buffalo,NY14201     		  none Education Grant 2,250
    K Schmittendorf
    Niagara Univ PO Box 2004
    Niagara University,NY141092004     		  none Education Grant 3,250
    J Sexton
    1215 Houbolt Rd
    Joliet,IL604318938     		  none Education Grant 2,000
    S Shea
    Worcester St Univ 486 Chandler St
    Worcester,MA01602     		  none Education Grant 3,250
    B Simmons
    Univ of WI 333 East Campus Mall1
    Madison,WI53715     		  none Education Grant 1,000
    R Sotelo
    3146 Solutions Ctr
    Chicago,IL60677     		  none Education Grant 2,500
    A Spikes
    425 Fawell Blvd
    Glen Ellyn,IL60137     		  none Education Grant 2,573
    D Stanley
    Georgia St Univ PO Box 4029
    Atlanta,GA303024029     		  none Education Grant 3,750
    C Suwanski
    Olivet Nazarene Univ One University
    Boubonnais,IL60914     		  none Education Grant 2,750
    J Suwanski
    Univ of IL 28393 Network Pl
    Chicago,IL60673     		  none Education Grant 1,750
    M Thomas
    4225 University Avenue
    Columbus,GA31907     		  none Education Grant 3,000
    S Thomas
    NIU 1425 Lincoln Hwy
    DeKalb,IL60115     		  none Education Grant 1,250
    L Tud
    Triton College2000 5th Avenue
    River Grove,IL60171     		  none Education Grant 3,250
    Y Tud
    Triton College2000 5th Avenue
    River Grove,IL60171     		  none Education Grant 3,250
    C Uhl
    AZ State Univ PO Box 870303
    Tempe,AZ85287     		  none Education Grant 2,750
    R Uhl
    Univ of Wisc Whitewater 800 W Main
    Whitewater,WI53190     		  none Education Grant 3,000
    A Varney
    Umass Amherst 215 Whitmore Bldg
    Amherst,MA01003     		  none Education Grant 1,750
    R Varney
    Boyden Hall Room 107
    Bridgewater,MA02325     		  none Education Grant 1,750
    M Vernon
    Indiana Univ
    Indianapolis,IN46206     		  none Education Grant 2,000
    H Vojtech
    Univ of CO 77 UCB
    Boulder,CO80309     		  none Education Grant 1,000
    S Walleck
    Univ of WI Platteville 1 Univ Plaza
    Platteville,WI53818     		  none Education Grant 3,250
    J Ward
    Auburn Univ 203 Mary Martin Hall
    Auburn University,AL368495119     		  none Education Grant 3,000
    A Werve
    Lenoir-Rhyne Univ LR Box 7227
    Hickory,NC28603     		  none Education Grant 1,750
    J Woo
    Butler Univ 4600 Sunset Ave
    Indianapolis,IN46208     		  none Education Grant 2,000
          0
    Total .................................bullet 3a 305,661
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    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....     14 323,374  
    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 5,882  
    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)..   329,256  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    329,256
    (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 (2018)
    Form 990-PF (2018)
    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) (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) (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 (2018)
    Additional Data


    Software ID:  
    Software Version:  
    Part VI Line 7 - Tax Paid with the Original Return: 2,800


    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 Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    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 isn't covered by the General Rule and/or the Special Rules doesn't 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 doesn't 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) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) 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
    Ariel O'Hara  
    521 Woodvale
     
    Deerfield, IL60015

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    Dawn Schumann  
    PO Box 51
     
    Douglas, MI494060051

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    Robert Follett  
    3237 Summer Wind Ln Apt 1316
     
    Littleton, CO80129

    		$ 7,500


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    Follett CorporationFHEG
     
    3 Westbrook Corp Center Suite 200
     
    Westchester, IL60154

    		$ 41,647


    (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) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    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) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    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) (2018)

    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 2018 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     7,000 5,751     1,249  
    Sales of Investments   Purchased     75,610 70,977     4,633  

    TY 2018 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 150,000 151,379
    Morgan Stanley Fin LLC Fixed to Float Med Term Note Due 7/29/36 150,000 112,500
    Barclays Bank PLC Note Due 4/19/2033 50,000 32,075

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    Follett Educational Foundation
    EIN:
    36-6104348
    Name of Stock End of Year Book Value End of Year Fair Market Value
    387 Shares Pfizer, Inc 16,158 20,838
    152 Shares General Electric 5,563 1,599
    29 Shares Johnson & Johnson 1,661 3,776
    106.435 Shares Walgreens 4,883 5,896

    TY 2018 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   849,347 962,565
    American Century Growth Fund   425,250 570,207
    American Century International Growth Fund   164,584 135,369
    American Century Select Fund   814,581 1,332,293
    Federated Kaufman Fund   364,694 455,313
    Franklin Income Fund   57,898 52,366
    Janus Invt Fd Henderson Global Equity Income Fd   77,721 60,681
    Capital One Fin 6% pfd   25,000 26,820
    DTE Energy Co 6% pfd   25,000 28,240
    Central National Bank CD Due 9/28/2021   240,000 240,089
    First National Bank of America CD Due 11/29/2024   95,914 96,070
    Horizon Bank CD Due 6/26/2026   55,000 54,973
    BMO Harris Bank CD Due 4/25/2028   50,000 49,654
    Wells Fargo Bank NA CD Due 9/7/2033   150,000 146,951
    JPMorgan Chase Bank CD Due 6/30/2034   100,000 67,030
    Wells Fargo Bank CD Due 7/25/2034   75,000 72,746
    JPMorgan Chase Bank CD Due 11/30/2035   124,800 88,166
    Wells Fargo Bank CD Due 5/13/2036   25,000 24,845
    BMO Harris CD Due 6/30/36   150,000 147,090
    BMO Harris Bank CD Due 11/28/36   50,000 47,900
    Wells Fargo Bank CD Due 5/13/2036 TTFS   35,000 34,783
    Federated Kaufman TTFS   68,755 84,737
    Franklin Income TTFS   12,770 11,905
    Henderson Global TTFS   23,604 19,076

    TY 2018 OtherExpensesSchedule
    Name:
    Follett Educational Foundation
    EIN:
    36-6104348
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Miscellaneous Adm 2,609      
    Bank Service Charges 2,259      
    Fund Raising Expense 61,332      


    TY 2018 OtherIncomeSchedule2
    Name:
    Follett Educational Foundation
    EIN:
    36-6104348
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Golf Outing/auction fundraiser 124,184    


    TY 2018 TaxesSchedule
    Name:
    Follett Educational Foundation
    EIN:
    36-6104348
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Payroll Taxes 1,681      
    Federal Excise Tax 3,093