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Follett Educational Foundation is a private corporation based in MCHENRY, IL. The foundation received its IRS ruling in 1964. It holds total assets of $5.3M. Annual income is reported at $424K. Total assets have grown from $3.1M in 2010 to $5.4M in 2023. The foundation is governed by 14 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2024. Grantmaking is concentrated in Illinois. According to available records, Follett Educational Foundation has made 412 grants totaling $1.1M, with a median grant of $3K. Annual giving has decreased from $272K in 2021 to $143K in 2024. Grantmaking activity was highest in 2022 with $498K distributed across 216 grants. Individual grants have ranged from $148 to $42K, with an average award of $3K. The foundation has supported 183 unique organizations. The foundation primarily supports organizations in Illinois, Wisconsin, Indiana, which account for 39% of all grants. Grantmaking reaches organizations across 34 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$438
Median Grant
$3K
Average Grant
$2K
Largest Grant
$4K
Based on 116 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Follett Educational Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 412 grants. Its grantmaking reaches organizations primarily in IL, WI, IN.
Follett Educational Foundation has distributed a total of $1.1M across 412 grants. The median grant size is $3K, with an average of $3K. Individual grants have ranged from $148 to $42K.
Follett Educational Foundation typically selects its grantees rather than accepting unsolicited proposals. The application deadline is May 1st. Grantees are children of Follett Employees with at least 1 year of service.
Follett Educational Foundation is headquartered in MCHENRY, IL. While based in IL, the foundation distributes grants to organizations across 34 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kevin Gacek | Treasurer | $0 | $0 | N/A |
| Sam Dempsey | Trustee | $0 | $0 | N/A |
| Matthew Follett | Trustee | $0 | $0 | N/A |
| Omar Granberry | Trustee | $0 | $0 | N/A |
| Brendan Thornton | Trustee | $0 | $0 | N/A |
| Keith O'Hara | Vice President | $0 | $0 | N/A |
| Jean Follett Thompson | Selection Committee Chair | $0 | $0 | N/A |
| Britten Follett | Pres/Trustee | $0 | $0 | N/A |
| Ramona Burns | Trustee | $0 | $0 | N/A |
| Christopher Traut | Trustee | $0 | $0 | N/A |
| Monica Bussman | Trustee | $0 | $0 | N/A |
| Frank Gentile | Trustee | $0 | $0 | N/A |
| Benjamin Traut | Trustee | $0 | $0 | N/A |
| Kathy Bussman | Secretary | $0 | $0 | N/A |
Total Giving
$173K
Total Assets
$5.4M
Fair Market Value
$7.3M
Net Worth
$5.4M
Grants Paid
$143K
Contributions
$31K
Net Investment Income
$224K
Distribution Amount
$324K
Total: $378K
Total Grants
412
Total Giving
$1.1M
Average Grant
$3K
Median Grant
$3K
Unique Recipients
183
Most Common Grant
$3K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Oak Park River Forest Community FoundationEducation Grant | Oak Park, IL | $42K | 2024 |
| D SimmonsEducation Grant | Normal, IL | $5K | 2024 |
| C Hernadez MancillaEducation Grant | Romeoville, IL | $5K | 2024 |
| X HernandezEducation Grant | Willowbrook, IL | $5K | 2024 |
| K MooreEducation Grant | Huntington, IN | $4K | 2024 |
| B MerrimanEducation Grant | Hammond, IN | $4K | 2024 |
| K BillupsEducation Grant | Buffalo, NY | $4K | 2024 |
| A TalleyEducation Grant | Mishenheimer, NC | $4K | 2024 |
| G EcklEducation Grant | Wellesley, MA | $4K | 2024 |
| L FreidEducation Grant | Dekalb, IL | $4K | 2024 |
| E PiacentiEducation Grant | Bourbonnais, IL | $4K | 2024 |
| N OsbornEducation Grant | Lakewood, CO | $4K | 2024 |
| C VillapandoEducation Grant | Los Angeles, CA | $4K | 2024 |
| J MileyEducation Grant | Fort Wayne, IN | $4K | 2024 |
| S HowellEducation Grant | Greenville, SC | $3K | 2024 |
| M MunozEducation Grant | Chicago, IL | $3K | 2024 |
| L NybergEducation Grant | Dekalb, IL | $3K | 2024 |
| K AponteEducation Grant | Tucson, AZ | $3K | 2024 |
| F LorEducation Grant | Milwaukee, WI | $3K | 2024 |
| A BargielEducation Grant | Whitewater, WI | $3K | 2024 |
| S HelmEducation Grant | Fort Wayne, IN | $3K | 2024 |
| P WerveEducation Grant | Pembroke, NC | $3K | 2024 |
| C BarcyEducation Grant | Chicago, IL | $3K | 2024 |
| A LeylaniEducation Grant | Champaign, IL | $3K | 2024 |
| J HerneEducation Grant | Rochester, NY | $3K | 2024 |
| D CarlsonEducation Grant | Mankato, MN | $3K | 2024 |
| V VarneyEducation Grant | Amherst, MA | $3K | 2024 |
| G CalderoneEducation Grant | Fairfield, CT | $2K | 2024 |
| M DemikEducation Grant | Kankakee, IL | $2K | 2024 |
| M Potter-JamesEduation Grant | Norfolk, VA | $2K | 2024 |
| V NovyEducation Grant | Crystal Lake, IL | $2K | 2024 |
| D CobbEducation Grant | Jacksonville, FL | $2K | 2024 |
| L AugustineEducation Grant | Worcester, MA | $775 | 2024 |
| N RaymondEducation Grant | Chicago, IL | $6K | 2023 |
| L TalleyEducation Grant | Greenwood, SC | $4K | 2023 |
| J GloverEducation Grant | Columbia, SC | $4K | 2023 |
| C DillionEducation Grant | Boise, ID | $4K | 2023 |
| L MoyerEducation Grant | Phoenix, AZ | $3K | 2023 |
| C SimmersEducation Grant | Blacksburg, VA | $3K | 2023 |
| K WalasEducation Grant | Ripon, WI | $3K | 2023 |
| J EasleyEducation Grant | Milwaukee, WI | $3K | 2023 |
| S BannonEducation Grant | Amherst, MA | $3K | 2023 |