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
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 08-01-2020 , and ending 07-31-2021
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$6,943,254J 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) 27,321
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 308,283 308,283  
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 86
b Gross sales price for all assets on line 6a 196,000
7 Capital gain net income (from Part IV, line 2)... 86
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 875    
12 Total. Add lines 1 through 11........ 336,565 308,369  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 8,280      
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 0      
b Accounting fees (attach schedule)....... 6,250      
c Other professional fees (attach schedule).... 0      
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 13,153      
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 2,544      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 30,227 0   0
25 Contributions, gifts, grants paid....... 271,796 271,796
26 Total expenses and disbursements. Add lines 24 and 25 302,023 0   271,796
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 34,542
b Net investment income (if negative, enter -0-) 308,369
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
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............. 503,054 463,898 463,898
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 35,222
c Investments—corporate bonds (attach schedule)....... 350,000 Click to see attachment350,000 357,159
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,786,904 Click to see attachment3,860,741 6,086,975
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) 4,668,223 4,702,904 6,943,254
Liabilities 17 Accounts payable and accrued expenses.......... 12 151
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)......... 12 151
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 4,668,211 4,702,753
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 4,668,211 4,702,753
30 Total liabilities and net assets/fund balances (see instructions). 4,668,223 4,702,904
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
4,668,211
2
Enter amount from Part I, line 27a .....................
2
34,542
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
4,702,753
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 29 .
6
4,702,753
Form 990-PF (2020)
Form 990-PF (2020)
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 First National Bank CD P 2011-09-09 2020-08-31
b BMO Harris Bank CD P 2013-04-25 2020-10-26
c BMO Harris Bank CD P 2016-11-17 2021-06-30
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 96,000 0 95,914 86
b 50,000 0 50,000 0
c 50,000 0 50,000 0
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 86
b 0 0 0 0
c 0 0 0 0
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 86
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
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
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 for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 4,286
c All other domestic foundations enter 1.39% 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 4,286
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 4,286
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 6,000
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: -6000 7 6,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
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 1,714
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet1,714 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 the instructions
for the 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 2020 or the taxable year beginning in 2020? 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 (2020)
    Form 990-PF (2020)
    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 2020, 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 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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 2020 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 2020.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    Kevin Gacek 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
    Kathy Bussman 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
    Jean Follett Thompson Selection Committee Chair
    1.00     		0 0 0
    1340 Ridgeview Dr
    McHenry,IL60050
    Monica Bussman Trustee
    1.00     		0 0 0
    1340 Ridgeview Dr
    McHenry,IL60050
    Mary Culp Trustee
    1.00     		0 0 0
    1340 Ridgeview Dr
    McHenry,IL60050
    Sam Dempsey Trustee
    1.00     		0 0 0
    1340 Ridgeview Dr
    McHenry,IL60050
    Omar Granberry Trustee
    1.00     		0 0 0
    1340 Ridgeview Dr
    McHenry,IL60050
    Benjamin Traut Trustee
    1.00     		0 0 0
    1340 Ridgeview Dr
    McHenry,IL60050
    Debra Synatschk 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 (2020)
    Form 990-PF (2020)
    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 (2020)
    Form 990-PF (2020)
    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
    5,800,444
    b
    Average of monthly cash balances.......................
    1b
    420,290
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,220,734
    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
    6,220,734
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    93,311
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,127,423
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    306,371
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    306,371
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    4,286
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,286
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    302,085
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    302,085
    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
    302,085
    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
    271,796
    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
    271,796
    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
    271,796
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 302,085
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 63,733
    b From 2016...... 48,333
    c From 2017...... 58,616
    d From 2018...... 71,909
    e From 2019...... 65,742
    fTotal of lines 3a through e........ 308,333
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 271,796
    a Applied to 2019, 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 2020 distributable amount..... 271,796
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 30,289 30,289
    (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 5 278,044
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		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 2015 not
    applied on line 5 or line 7 (see instructions) ...     		33,444
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		244,600
    10 Analysis of line 9:
    a Excess from 2016.... 48,333
    b Excess from 2017.... 58,616
    c Excess from 2018.... 71,909
    d Excess from 2019.... 65,742
    e Excess from 2020.... 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 2020, 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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 (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    M Almaguer
    College of DuPage 425 Fawell Blvd
    Glen Ellyn,IL60137     		  None Education Grant 1,500
    T Anderson
    Brigham Young Univ A-41
    Provo,UT84602     		  none Education Grant 2,250
    L Augustine
    Quinsigamond Community College
    Worcester,MA01606     		  None Education Grant 2,000
    M Agudelo
    Triton College 2000 5th Ave
    River Grove,IL60171     		  none Education Grant 1,750
    J Averch
    Metropolitan State UnivCampus Box 3
    Denver,CO80217     		  none Education Grant 2,250
    M Bargiel
    University of Wisconsin Whitewater
    Whitewater,WI53190     		  None Education Grant 2,000
    A Bargiel
    Carroll Univ 100 N East Ave
    Waukesha,WI53186     		  none Education Grant 3,250
    L Barron
    UTEP 500 W University Ave
    El Paso,TX79968     		  none Education Grant 1,750
    L Bleacher
    FHEG 3146 Solutions Center
    Chicago,IL60677     		  none Education Grant 2,052
    E Bennett
    Univ of Maine 5781 Wingate Hall
    Orono,ME04469     		  none Education Grant 3,500
    K Berandt
    Univ of Wi-Oshkosh 800 Algoma Blvd
    Oshkosh,WI54901     		  none Education Grant 3,000
    L Berandt
    Univ of Wi-Oshkosh 800 Algoma Blvd
    Oshkosh,WI54901     		  none Education Grant 2,250
    Z Bink
    Cty College of Morris214 Center
    Randolph,NJ07869     		  none Education Grant 2,000
    M Boersma
    Lake Forest College 555 N Sheridan
    Lake Forest,IL60045     		  none Education Grant 1,000
    G Bogo
    Ball St Univ Off of Bursar
    Muncie,IN47306     		  none Education Grant 3,000
    C Boris
    FHEG 3146 Solutions Center
    Chicago,IL60677     		  none Education Grant 960
    R Bosowski
    McHenry Cnty College 8900 US Hwy 14
    Crystal Lake,IL60012     		  None Education Grant 2,750
    J Boyd
    Kennesaw State Univ 395 Cobb Ave
    Kennesaw,GA30144     		  none Education Grant 2,000
    K Briley
    Blue Ridge Community College
    Weyers Cave,VA24486     		  none Education Grant 1,500
    J Brown
    Salt Lake Community College
    Salt Lake City,UT84123     		  none Education Grant 2,000
    N Colagrossi
    Triton College 2000 5th Ave
    River Grove,IL60171     		  none Education Grant 1,500
    M Conliss
    Illinois State Univ Campus Box 2320
    Normal,IL61790     		  none Education Grant 2,750
    A Conner
    Xavier Univ of Louisiana909 S Jeffe
    New Orleans,LA70125     		  none Education Grant 2,750
    B Correll
    Georgia Southern Univ 11935 Abercor
    Savannah,GA31419     		  none Education Grant 1,000
    A Croft
    Loyalist College
    Belleville,IL62223     		  none Education Grant 1,500
    B Cuevas
    Miami Dade College 300 NE 2nd Ave
    Miami,FL33132     		  none Education Grant 1,750
    A Curran
    University of Virginia POB 400204
    Charlottesville,VA22904     		  none Education Grant 1,000
    A Cutler
    Brigham Young University
    Provo,UT84606     		  none Education Grant 2,000
    A Davern
    University of Minnesota Twin Cities
    Minneapolis,MN55455     		  none Education Grant 3,250
    E Delapaz
    Texas Christian Univ TCU Box 297077
    Fort Worth,TX76129     		  none Education Grant 3,000
    N Delapaz
    Univ of Texas Arlington 701 S Nedde
    Arlington,TX76019     		  none Education Grant 2,750
    B Diggins
    NIU Swen Parson Hall 245
    DeKalb,IL60115     		  none Education Grant 2,250
    C Diggins
    Marquette Univ Office of Student Fi
    Milwaukee,WI53201     		  none Education Grant 3,250
    C Dillion
    College of Western IDPO Box 3010
    Nampa,ID83653     		  none Education Grant 2,500
    J Donato
    Missouri State Univ 901 S National
    Springfield,MO65897     		  none Education Grant 1,500
    D Douglas
    BYU-Idaho 525 Center St
    Rexburg,ID83460     		  none Education Grant 2,000
    J Easley
    McHenry County College8900 US Hwy 1
    Crystal Lake,IL60014     		  none Education Grant 2,500
    J Ervin
    Riverside Comm College4800 Magnolia
    Riverside,CA92506     		  none Education Grant 2,208
    E Farrell
    Maryville Univ 350 Maryville Univer
    St Louis,MO63141     		  none Education Grant 2,750
    Q Farrell
    St Ambrose Univ 518 Locust St
    Davenport,IA52803     		  none Education Grant 2,500
    M Fields
    Greenville Technical College 225 S
    Greenville,SC29606     		  none Education Grant 1,352
    E Gal
    Grand Valley State Univ
    Allendale,MI49401     		  none Education Grant 2,250
    R Glenn
    Va Western Community College3093 Co
    Roanoke,VA24015     		  none Education Grant 1,531
    J Glover
    Univ of So Carolina 1244 Blossom St
    Columbia,SC29208     		  none Education Grant 3,750
    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 3,250
    A Hickman
    Arizona St University PO Box 870412
    Tempe,AZ85287     		  none Education Grant 2,750
    G Hosford
    Illinois State Univ Campus Box 2320
    Normal,IL61790     		  none Education Grant 1,500
    S Howell
    B Jones University 1700 Wade Hampto
    Greenville,SC29614     		  none Education Grant 2,000
    T Hrubes
    Marquette Univ Zibel Hall 1250 W Wi
    Milwaukee,WI53233     		  none Education Grant 3,000
    J Ibarra
    Northern AZ Univ 601 Knoles Dr
    Flagstaff,AZ86001     		  none Education Grant 3,000
    E Jacques
    Fitchburg St University 160 Pearl S
    Fitchburg,MA01420     		  none Education Grant 2,750
    K Kunde
    Elmhurst Univ 190 Prospect Ave
    Elmhurst,IL60126     		  none Education Grant 3,250
    C Langner
    Harold Washington College 30 East L
    Chicago,IL60601     		  none Education Grant 438
    H Lay
    Lincoln Memorial University 6955 Cu
    Harrogate,TN37752     		  none Education Grant 2,500
    Q Lester
    Univ of WI Eau Claire PO Box 5400
    Eau Claire,WI54702     		  none Education Grant 1,500
    W Lovasz
    Arizona State Univ PO Box 870412
    Tempe,AZ85287     		  none Education Grant 2,750
    B Lumley
    Georgia Southern Univ PO Box 8155
    Statesboro,GA30460     		  none Education Grant 2,000
    S Mann
    Pickens Technical College 500 Airpo
    Aurora,CO80011     		  none Education Grant 1,750
    M Mavrenovic
    College of DuPage425 Fawell Blvd
    Glen Ellyn,IL60137     		  none Education Grant 836
    T Maxwell
    Black Hills St Univ 1200 Univ St Un
    Spearfish,SD57799     		  none Education Grant 3,250
    M McCann
    Texas St Univ601 University Drive J
    San Marcos,TX78666     		  none Education Grant 2,000
    M Meranda
    Carroll Univ 100 N Eash Ave
    Cleveland,TN37311     		  none Education Grant 2,500
    M Merriman
    Calmet Campus 3146 Solutions Center
    Chicago,IL60677     		  none Education Grant 3,250
    J Miley
    Univ of IN 1400 E Hanna Ave
    Indianapolis,IN46227     		  none Education Grant 2,500
    K Mills
    James Madison Univ 3146 Solutions C
    Chicago,IL60677     		  none Education Grant 711
    C Moore
    Columbia College 600 S Michigan Ave
    Chicago,IL60605     		  none Education Grant 1,000
    Y Morales
    Tallahassee Community College 444 A
    Tallahassee,FL32304     		  none Education Grant 2,250
    L Moyer
    Grand Canyon Univ PO Box 11097
    Phoenix,AZ85061     		  none Education Grant 2,250
    M Munoz
    Elgin Community College 1700 Sparta
    Elgin,IL60123     		  none Education Grant 2,750
    T Nickelson
    3146 Solutions Center
    Chgo,IL60677     		  none Education Grant 458
    A Novy
    Winona St Univ PO Box 5838
    Winona,MN55987     		  none Education Grant 3,250
    H Oliver
    Wofford College 429 N Church St
    Spartanburg,SC29303     		  none Education Grant 3,000
    A Oswalt
    Aurora University 347 Gladstone Dr
    Aurora,IL60506     		  none Education Grant 3,000
    S Oswalt
    UW-Whitewater 142 Wyman Mall
    Whitewater,WI53190     		  none Education Grant 2,500
    R Palubin
    Bradley Univ 1501 W Bradley Ave
    Peoria,IL61625     		  none Education Grant 3,500
    J Parker
    Hampton Univ 200 William Harvey Way
    Hampton,VA23668     		  none Education Grant 1,750
    S Partipilo
    Purdue Univ 610 Purdue Mall
    West Lafayette,IN479072040     		  none Education Grant 3,000
    V Patch
    Clemson Univ PO Box 345307
    Clemson,SC29634     		  none Education Grant 3,000
    J Pearson
    Georgia Techical College
    Rome,GA30161     		  none Education 2,000
    K Peley
    Univ of Central FL PO Box 160115
    Orlando,FL32816     		  none Education Grant 3,250
    M Pennington
    Lindenwood University 209 S Kingshi
    St Charles,MO63301     		  none Education Grant 3,250
    J Perez
    Georgia Institute of Technology
    Atlanta,GA30332     		  none Education Grant 2,250
    J Ragno
    Rowan Univ 201 Mullica Hill Rd
    Glassboro,NJ08028     		  none Education Grant 2,000
    A Ray
    Western Carolina Univ 1 University
    Cullowhee,NC28723     		  none Education Grant 1,750
    N Raymond
    Columbia College 600 S Michigan
    Chicago,IL60605     		  none Education Grant 2,000
    A Redini Ramos
    University of IL at Chicago 1200 W
    Chicago,IL60607     		  none Education Grant 2,500
    M Ruddy
    Illinois State Univ Campus Box 2320
    Normal,IL61790     		  none Education Grant 3,250
    R Ruiz
    University of Vermont PO Box 1306
    Williston,VT05495     		  none Education Grant 2,500
    S Russell
    Virginia Commonwealth University 10
    Richmond,VA23284     		  none Education Grant 1,750
    J Sarro
    University of Massachusetts-Amherst
    Amherst,MA01003     		  none Education Grant 1,000
    H Sharp
    Ohio St Univ PO Box 183248
    Columbus,OH43218     		  none Education Grant 1,750
    A Shea
    Calf St University6000 J Street
    Sacremento,CA95810     		  none Education Grant 3,250
    J Smith
    Wabash College PO Box 352
    Crawfordsville,IN47933     		  none Education Grant 2,750
    R Spanier
    Univ of MN 200 Fraser Hall
    Minneapolis,MN55455     		  none Education Grant 3,000
    K Stevens
    Illinois St Univ Campus Box 2320
    Normal,IL61790     		  none Education Grant 2,000
    J Stokes
    College of Western Idaho PO Box 301
    Nampa,ID83653     		  none Education Grant 2,000
    D Straube
    Aurora Univ 347 S Gladstone Ave
    Aurora,IL60506     		  none Education Grant 3,000
    J Suwanski
    Univ of IL Chicago 1200 W Harrison
    Chicago,IL60607     		  none Education Grant 2,750
    Z Swick
    Illinois Institute of Technology
    Chicago,IL60616     		  none Education Grant 1,000
    L Talley
    Lander University 320 Stanley
    Greenwood,SC29649     		  none Education Grant 2,500
    M Thomas
    4225 University Avenue
    Columbus,GA31907     		  none Education Grant 3,500
    E Thompson
    Univ of WI-Eau Claire PO Box 5000
    Eau Claire,WI54702     		  none Education Grant 1,000
    Y Tud
    Harper College 1200 W Algonquin Rd
    Palatine,IL60067     		  none Education Grant 2,750
    C Uhl
    AZ State Univ PO Box 870303
    Tempe,AZ85287     		  none Education Grant 3,500
    A Varney
    Umass Amherst 215 Whitmore Bldg
    Amherst,MA01003     		  none Education Grant 2,750
    M Vernon
    Indiana Univ
    Indianapolis,IN46206     		  none Education Grant 3,250
    K Walas
    Ripon College PO Box 248
    Ripon,WI54971     		  none Education Grant 2,000
    C Walleck
    Rock Valley College 3301 N Mulford
    Rockford,IL61114     		  none Education Grant 2,250
    J Ward
    Auburn Univ 203 Mary Martin Hall
    Auburn University,AL368495119     		  none Education Grant 3,750
    S Weber
    Kent State Univ PO Box 5190
    Kent,OH44242     		  none Education Grant 2,000
    M Weber
    1066 N High St
    Columbus,OH43201     		  none Education Grant 3,250
    D Welch
    High Point Univ One Univ Pkwy
    High Point,NC27268     		  none Education Grant 2,500
    A Werve
    Lenoir-Rhyne Univ PO Box 7164
    Hickory,NC28603     		  none Education Grant 3,000
    T Whaley
    3101 Hilsborough St
    Raleigh,NC27607     		  none Education Grant 3,500
    J Woo
    Butler Univ 4600 Sunset Ave
    Indianapolis,IN46208     		  none Education Grant 2,500
    Total .................................bullet 3a 271,796
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    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....     14 308,283  
    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 86  
    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)..   308,369  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    308,369
    (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 (2020)
    Form 990-PF (2020)
    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 instructions.
    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 (2020)
    Additional Data


    Software ID:  
    Software Version:  
    Part VI Line 7 -Original Return Overpayment: -6,000


    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
    2020
    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) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    Follett Educational Foundation
          		Employer identification number
    36-6104348
    Part I
    Contributors
    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
    Robert Follett
    3237 Summer Wind Ln Apt 1316
     
    Littleton, CO80129

    		$ 10,000


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    (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.)
    (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) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    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) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    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) (2020)
    Additional Data


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    TY 2020 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
    First National Bank CD 2011-09 Purchased 2020-08   96,000 95,914     86  
    BMO Harris Bank CD 2013-04 Purchased 2020-10   50,000 50,000     0  
    BMO Harris Bank CD 2016-11 Purchased 2021-06   50,000 50,000     0  

    TY 2020 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 150,000 165,659
    Morgan Stanley Fin LLC Fixed to Float Med Term Note Due 7/29/26 150,000 151,125
    Barclays Bank PLC Note Due 4/19/2033 50,000 40,375

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    Follett Educational Foundation
    EIN:
    36-6104348
    Name of Stock End of Year Book Value End of Year Fair Market Value
    387+150 Shares Pfizer, Inc 16,158 22,989
    152 Shares General Electric 5,563 1,968
    29 Shares Johnson & Johnson 1,661 4,994
    106.435 Shares Walgreens 4,883 5,018
    18 Shares Viatris Inc 0 253

    TY 2020 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   962,366 1,257,164
    American Century Growth Fund   500,672 983,643
    American Century International Growth Fund   173,123 200,972
    American Century Select Fund   1,005,749 2,291,412
    Federated Kaufman Fund   427,339 579,700
    Franklin Income Fund   63,534 63,245
    Janus Invt Fd Henderson Global Equity Income Fd   87,223 73,865
    Capital One Fin 6% pfd   25,000 25,700
    DTE Energy Co 6% pfd   25,000 25,840
    Central National Bank CD Due 9/28/2021   240,000 240,449
    JPMorgan Chase Bank CD Due 6/30/2034   100,000 80,990
    JPMorgan Chase Bank CD Due 11/30/2035   124,800 109,343
    Federated Kaufman TTFS   85,294 117,054
    Franklin Income TTFS   14,050 14,378
    Henderson Global TTFS   26,591 23,220

    TY 2020 OtherExpensesSchedule
    Name:
    Follett Educational Foundation
    EIN:
    36-6104348
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Office 2,299      
    Bank Service Charges 245      


    TY 2020 OtherIncomeSchedule2
    Name:
    Follett Educational Foundation
    EIN:
    36-6104348
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Golf Outing/auction fundraiser 875    


    TY 2020 TaxesSchedule
    Name:
    Follett Educational Foundation
    EIN:
    36-6104348
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Payroll Taxes 739      
    Federal Excise Tax 12,414