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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 08-01-2021 , and ending 07-31-2022
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$5,871,315J 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) 25,953
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 663,618 663,618  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... Click to see attachment 9,355    
12 Total. Add lines 1 through 11........ 698,926 663,618  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 3,921      
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 0      
b Accounting fees (attach schedule)....... 3,500      
c Other professional fees (attach schedule).... 0      
17 Interest............... 3      
18 Taxes (attach schedule) (see instructions)... Click to see attachment 574      
19 Depreciation (attach schedule) and depletion... 0    
20 Occupancy.............. 2,500      
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 16,202      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 26,700 0   0
25 Contributions, gifts, grants paid....... 249,102 249,102
26 Total expenses and disbursements. Add lines 24 and 25 275,802 0   249,102
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 423,124
b Net investment income (if negative, enter -0-) 663,618
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 463,898 281,378 281,378
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 45,346
c Investments—corporate bonds (attach schedule)....... 350,000 Click to see attachment350,000 281,470
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,860,741 Click to see attachment4,450,484 5,247,371
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment15,750 Click to see attachment15,750
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,702,904 5,125,877 5,871,315
Liabilities 17 Accounts payable and accrued expenses.......... 151 0
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)......... 151 0
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........... 4,702,753 5,125,877
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)..... 4,702,753 5,125,877
30 Total liabilities and net assets/fund balances (see instructions). 4,702,904 5,125,877
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
4,702,753
2
Enter amount from Part I, line 27a .....................
2
423,124
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
5,125,877
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
5,125,877
Form 990-PF (2021)
Form 990-PF (2021)
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 Central National Bank CD Due 9/28/2021 P 2011-09-27 2021-09-28
b Capital One Financial 6% PFD P 2016-11-21 2021-12-01
c DTE Energy Co 6% PFD P 2016-11-28 2021-12-15
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 240,000 0 240,000 0
b 25,000 0 25,000 0
c 25,000 0 25,000 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 0
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 0
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 9,224
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 9,224
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 1,769
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: 1769 7 1,769
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 76
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 7,531
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 2022 estimated taxBullet0 RefundedBullet 11  
Part VI-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 XIV..................................
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
     
     
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
     
    Part VII
    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
    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 (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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 VIII-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 VIII-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 (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    6,179,848
    b
    Average of monthly cash balances.......................
    1b
    305,169
    c
    Fair market value of all other assets (see instructions)................
    1c
    7,875
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,492,892
    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
    6,492,892
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    97,393
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    6,395,499
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    319,775
    Part X
    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 IX, line 6..................
    1
    319,775
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    9,224
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,224
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    310,551
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    310,551
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    310,551
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 310,551
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 48,333
    b From 2017...... 58,616
    c From 2018...... 71,909
    d From 2019...... 65,742
    e From 2020...... 0
    f Total of lines 3a through e ........ 244,600
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 249,102
    a Applied to 2020, 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 2021 distributable amount..... 249,102
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 61,449 61,449
    (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 5 183,151
    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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		183,151
    10 Analysis of line 9:
    a Excess from 2017.... 45,500
    b Excess from 2018.... 71,909
    c Excess from 2019.... 65,742
    d Excess from 2020.... 0
    e Excess from 2021.... 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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 Educational Foundation
    1340 Ridgeview Dr
    McHenry,IL60050
    (708) 884-3302
    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 (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    DePaul Univ 1 E Jackson Blvd
    Chicago,IL60604     		  None Education Grant 2,000
    J Allison
    Southwestern College 100 College St
    Winfield,KS67156     		  none Education Grant 1,250
    E Anderson
    Brigham Young Univ A-41
    Provo,UT84602     		  none Education Grant 3,250
    T Anderson
    Brigham Young Univ A-41
    Provo,UT84602     		  none Education Grant 2,750
    K Aponte
    Univ of Arizona PO Box 28820
    Tucson,AZ85726     		  none Education Grant 2,500
    L Augustine
    Quinsigamond Community College
    Worcester,MA01606     		  None Education Grant 3,000
    S Bannon
    Univ of Mass-Amherst 181 Presidents
    Amherst,MA01003     		  none Education Grant 1,750
    M Bannon
    Union College 807 Union St
    Schenectady,NY12308     		  none Education Grant 2,250
    C Barcy
    DePaul University 2400 Sheffield Av
    Chicago,IL60614     		  none Education Grant 1,750
    M Bargiel
    University of Wisconsin Whitewater
    Whitewater,WI53190     		  None Education Grant 2,250
    L Barron
    UTEP 500 W University Ave
    El Paso,TX79968     		  none Education Grant 2,750
    L Berandt
    Univ of Wi-Oshkosh 800 Algoma Blvd
    Oshkosh,WI54901     		  none Education Grant 2,250
    K Billups
    Canisius College 2001 Main St
    Buffalo,NY14208     		  none Education Grant 2,750
    J Blazevic
    St Louis Univ 1 N Grand Blvd
    St Louis,MO63103     		  none Education Grant 1,000
    C Bourdo
    Collin Cnty Comm College 3542 Spur
    McKinney,TX75069     		  none Education Grant 1,500
    E Bousquet
    Cape Cod Comm College 2240 Lyannoug
    W Barnstable,MA02668     		  none Education Grant 1,750
    J Boyd
    Kennesaw St Univ 1000 Chastain Rd
    Kennesaw,GA30144     		  none Education Grant 2,500
    K Briley
    Blue Ridge Community College
    Weyers Cave,VA24486     		  none Education Grant 1,500
    G Calderone
    Sacred Heart Univ 5151 Park Ave
    Fairfield,CT06825     		  none Education Grant 2,000
    D Carlson
    Univ of Minn-Twin Cities PO 1450
    Minneapolis,MN55485     		  none Education Grant 2,000
    D Cobb
    Kent Campus 3146 Solutions Center
    Chicago,IL60677     		  none Education Grant 303
    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 4,000
    A Croft
    Loyalist College
    Belleville,IL62223     		  none Education Grant 2,000
    A Curran
    Northern VA Comm College 8333 Littl
    Annandale,VA22003     		  none Education Grant 2,000
    A Cutler
    Brigham Young University
    Provo,UT84606     		  none Education Grant 2,250
    M Cutler
    Idaho St Univ 821 S 8th Ave
    Pocatello,ID83209     		  none Education Grant 1,750
    E Delapaz
    Texas Christian Univ TCU Box 297077
    Fort Worth,TX76129     		  none Education Grant 2,500
    N Delapaz
    Univ of Texas Arlington 701 S Nedde
    Arlington,TX76019     		  none Education Grant 2,750
    M DeMik
    Kankakee Comm College 100 College D
    Kankakee,IL60901     		  none Education Grant 1,394
    C Dillion
    Boise St Univ 1910 University Dr
    Boise,ID83725     		  none Education Grant 2,100
    N Dorsey
    UC Riverside 900 University Ave
    Riverside,CA92521     		  none Education Grant 3,000
    J Easley
    Univ of WI-Milwaukee PO Box 500
    Milwaukee,WI53201     		  none Education Grant 2,500
    G Eckl
    Wellesley College 106 Central St
    Wellesley,MA02481     		  none Education Grant 3,000
    N Ervin
    190 S Prospect Ave
    Elmhurst,IL60126     		  none Education Grant 2,000
    S Ewoldt
    Univ of Montevallo 75 College Dr
    Montevallo,AL35115     		  none Education Grant 3,750
    J Farrell
    Univ of Iowa
    Iowa City,IA52242     		  none Education Grant 1,000
    M Fitts
    UAB 1720 2nd Ave South
    Birmingham,AL35294     		  none Education Grant 2,000
    L Freid
    McHenry Cnty College 8900 US Highwa
    Crystal Lake,IL60012     		  none Education Grant 2,000
    B Gelger
    NC State Univ 2005 Harris Hall
    Raleigh,NC27695     		  none Education Grant 1,500
    J Glover
    Univ of So Carolina 1244 Blossom St
    Columbia,SC29208     		  none Education Grant 3,500
    E Graves
    Valdosta State 1500 Patterson St
    Valdosta,GA31698     		  none Education Grant 3,290
    R Haymaker
    Office of Bursar 113 Student Union
    Stillwater,OK74078     		  none Education Grant 4,000
    K Heaton
    Central NM Comm College PO Box 4586
    Albuquerque,NM87196     		  none Education Grant 1,250
    S Helm III
    9827 Skipjack Cove
    Fort Wayne,IN46835     		  none Education Grant 2,500
    J Herne
    Rochester Institute of Tech 56 Lomb
    Rochester,NY14623     		  none Education Grant 1,500
    A Hickman
    Arizona St University PO Box 870412
    Tempe,AZ85287     		  none Education Grant 3,500
    S Howell
    B Jones University 1700 Wade Hampto
    Greenville,SC29614     		  none Education Grant 2,250
    T Hrubes
    Marquette Univ Zibel Hall 1250 W Wi
    Milwaukee,WI53233     		  none Education Grant 4,000
    E Jacques
    Fitchburg St University 160 Pearl S
    Fitchburg,MA01420     		  none Education Grant 3,500
    H Jacques
    MCLA 375 Church St
    North Adams,MA01247     		  none Education Grant 2,000
    B Jameson
    Georgia Institute of Tech
    Atlanta,GA30332     		  none Education Grant 1,000
    C Jolly
    Univ of Missouri
    Columbia,MO65211     		  none Education Grant 1,000
    A Klimczak
    Iowa St Univ 515 Morrill Rd
    Ames,IA50011     		  none Education Grant 1,500
    C Lacey
    Copiah Lincoln Comm College PO Box
    Wesson,MS39191     		  none Education Grant 2,000
    A Leylani
    620 E John St
    Champaign,IL61820     		  none Education Grant 2,250
    W Lovasz
    Arizona State Univ PO Box 870412
    Tempe,AZ85287     		  none Education Grant 3,500
    F Lor
    Univ of Wisc-Milwaukee PO Box 500
    Milwaukee,WI53201     		  none Education Grant 2,000
    T Lucas
    SCAD-Savannah PO Box 2701
    Savannah,GA31402     		  none Education Grant 2,500
    C Macdonald
    TCU PO Box 735556
    Dallas,TX75373     		  none Education Grant 1,500
    B Merriman
    930 N 6th St
    Sheboygan,WI53081     		  none Education Grant 2,750
    M Merriman
    Calmet Campus 3146 Solutions Center
    Chicago,IL60677     		  none Education Grant 874
    J Miley
    Purdue Univ Ft Wayne 2101 E Coliseu
    Fort Wayne,IN46805     		  none Education Grant 3,000
    K Mills
    James Madison Univ 3146 Solutions C
    Chicago,IL60677     		  none Education Grant 1,916
    K Moore
    Huntington Univ 2303 College Ave
    Huntington,IN46750     		  none Education Grant 2,000
    K Morris
    Univ of South Fla 4202 Fowler Ave
    Tampa,FL33620     		  none Education Grant 2,750
    L Moyer
    Grand Canyon Univ PO Box 11097
    Phoenix,AZ85061     		  none Education Grant 2,750
    M Munoz
    Northeastern IL Univ 5500 N St Loui
    Chicago,IL60625     		  none Education Grant 2,750
    T Nickelson
    3146 Solutions Center
    Chgo,IL60677     		  none Education Grant 234
    A Novy
    Winona St Univ PO Box 5838
    Winona,MN55987     		  none Education Grant 3,250
    V Novy
    McHenry Cnty College 8900 US Highwa
    Crystal Lake,IL60012     		  none Education Grant 1,157
    H Nunn
    Univ of North Georgia 82 College Ci
    Dahlonega,GA30597     		  none Education Grant 1,750
    L Nyberg
    1425 W Lincoln Hwy
    DeKalb,IL60115     		  none Education Grant 2,000
    N Osborn
    Rocky Mtn College of Art Design 160
    Lakewood,CO80214     		  none Education Grant 2,500
    P Parsons
    Oregon Inst of Tech 3201 Campus Dr
    Klamath Falls,OR97601     		  none Education Grant 2,000
    K Peley
    Univ of Central FL PO Box 160115
    Orlando,FL32816     		  none Education Grant 4,252
    S Peterson
    Lewis University One University Par
    Romeoville,IL60446     		  none Education Grant 2,000
    E Piacenti
    Olivet Nazarene Univ One University
    Bourbonnais,IL60914     		  none Education Grant 2,000
    M Potter-James
    TCC 121 College Place
    Norfold,VA23510     		  none Education Grant 1,750
    J Ragno
    Rowan Univ 201 Mullica Hill Rd
    Glassboro,NJ08028     		  none Education Grant 1,441
    A Ray
    Western Carolina Univ 1 University
    Cullowhee,NC28723     		  none Education Grant 1,750
    A Reyes
    Moraine Valley Comm College 9000 W
    Palos Hills,IL60465     		  none Education Grant 2,500
    E Ruddy
    UW-Whitewater 800 W Main St
    Whitewater,WI53190     		  none Education Grant 2,250
    S Russell
    Virginia Commonwealth University 10
    Richmond,VA23284     		  none Education Grant 2,250
    C Seabolt
    Okla St Univ
    Stillwater,OK74078     		  none Education Grant 1,000
    A Schultz
    Yale Univ PO Box 208232
    New Haven,CT06520     		  none Education Grant 2,000
    T Shoder
    ILL ST Univ 100 University St
    Normal,IL61761     		  none Education Grant 1,000
    C Simmers
    Virginia Tech 800 Washington St SW
    Blacksburg,VA24061     		  none Education Grant 3,000
    J Smith
    Wabash College PO Box 352
    Crawfordsville,IN47933     		  none Education Grant 3,000
    J Stokes
    College of Western Idaho PO Box 301
    Nampa,ID83653     		  none Education Grant 2,500
    A Talley
    Pfeiffer Univ PO Box 960
    Mishenheimer,NC28109     		  none Education Grant 2,500
    L Talley
    Lander University 320 Stanley
    Greenwood,SC29649     		  none Education Grant 4,000
    Y Tud
    Edward-Elmhurst Health PO Box 77695
    Chicago,IL60677     		  none Education Grant 391
    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 3,500
    V Varney
    Umass Amherst 215 Whitmore Bldg
    Amherst,MA01003     		  none Education Grant 2,000
    C Villapando
    Univ of Southern CA 700 Childs Way
    Los Angeles,CA90089     		  none Education Grant 2,250
    K Walas
    Ripon College PO Box 248
    Ripon,WI54971     		  none Education Grant 2,500
    C Walleck
    Aurora University 347 S Gladstone A
    Aurora,IL60506     		  none Education Grant 2,750
    S Weber
    Ashland University 401 College Ave
    Ashland,OH44805     		  none Education Grant 3,250
    M Weber
    1066 N High St
    Columbus,OH43201     		  none Education Grant 4,250
    X Welch
    McHenry Cnty College 8900 US Hwy 14
    Crystal Lake,IL60012     		  none Education Grant 2,500
    D Welch
    High Point Univ One Univ Pkwy
    High Point,NC27268     		  none Education Grant 3,250
    A Werve
    Lenoir-Rhyne Univ PO Box 7164
    Hickory,NC28603     		  none Education Grant 4,250
    P Werve
    Univ of NC Pembroke PO Box 1510
    Pembroke,NC28372     		  none Education Grant 2,500
    B Whited
    Ball State Univ
    Muncie,IN47306     		  none Education Grant 1,750
    J Woo
    Butler Univ 4600 Sunset Ave
    Indianapolis,IN46208     		  none Education Grant 3,000
    Oak ParkRiver Forest Community Foundation
    1049 Lake St Suite 204
    Oak Park,IL60301     		  none Contribution 2,000
    Total .................................bullet 3a 249,102
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 ....          
    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 0  
    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) ..   663,618  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    663,618
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  
    Part VI Line 7 - Tax Paid with the Original Return: 1,769


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    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
    2021
    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) (2021)
    Schedule B (Form 990) (2021) 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
    Follett Corporation
     
    3 Westbrook Corporation Center
     
    Westchester, IL60154

    		$ 15,750


    (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) (2021)
    Schedule B (Form 990) (2021)
    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
    1
    		 Artwork $ 15,750 2022-02-15
    (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) (2021)
    Schedule B (Form 990) (2021)
    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) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 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 150,000 137,757
    Morgan Stanley Fin LLC Fixed to Float Med Term Note Due 7/29/26 150,000 111,552
    Barclays Bank PLC Note Due 4/19/2033 50,000 32,161

    TY 2021 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 27,124
    152 Shares General Electric 5,563 8,770
    29 Shares Johnson & Johnson 1,661 5,061
    106.435 Shares Walgreens 4,883 4,217
    18 Shares Viatris Inc 0 174

    TY 2021 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   1,196,606 1,147,217
    American Century Growth Fund   615,995 837,593
    American Century International Growth Fund   198,989 157,119
    American Century Select Fund   1,193,285 2,039,128
    Federated Kaufman Fund   478,216 422,543
    Franklin Income Fund   67,864 63,375
    Janus Invt Fd Henderson Global Equity Income Fd   92,522 71,093
    First Trust Strategic International Opprty Port   40,391 34,645
    First Trust Income Div Eq Allocation IDEA Port   101,390 96,820
    First Trust Select DSIP Port 3rd Quarter 2021   101,566 97,722
    JPMorgan Chase Bank CD Due 6/30/2034   100,000 64,928
    JPMorgan Chase Bank CD Due 11/30/2035   124,800 93,110
    Federated Kaufman TTFS   95,568 85,321
    Franklin Income TTFS   15,035 14,408
    Henderson Global TTFS   28,257 22,349

    TY 2021 OtherAssetsSchedule
    Name:
    Follett Educational Foundation
    EIN:
    36-6104348
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Artwork 0 15,750 15,750


    TY 2021 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 5,593      
    Bank Service Charges 173      
    Annual Fee 15      
    Fundraising Expense 10,421      


    TY 2021 OtherIncomeSchedule2
    Name:
    Follett Educational Foundation
    EIN:
    36-6104348
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Golf Outing/auction fundraiser 9,355    


    TY 2021 TaxesSchedule
    Name:
    Follett Educational Foundation
    EIN:
    36-6104348
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Payroll Taxes 519      
    Federal Excise Tax 55