TY 2020 Form 990PF

- TIN:

Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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 01-01-2020 , and ending 12-31-2020

Name of foundation
SEHGAL FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)100 COURT AVE STE 211
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
DES MOINES, IA503092213

A Employer identification number

42-1477858

B Telephone number (see instructions)

(515) 288-0010

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$65,077,174J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	2,174,142
2	Check .............
3	Interest on savings and temporary cash investments	18,476		18,476
4	Dividends and interest from securities...	1,148,726		1,148,726
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		274,289
b	Gross sales price for all assets on line 6a 16,300,570
7	Capital gain net income (from Part IV, line 2)...			274,289
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).....
11	Other income (attach schedule).......		4,647	807
12	Total. Add lines 1 through 11........	3,620,280		1,442,298
13	Compensation of officers, directors, trustees, etc.	163,250		0	163,250
14	Other employee salaries and wages......	70,000		0	70,000
15	Pension plans, employee benefits.......	47,046		0	47,046
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		3,729	1,865	1,864
c	Other professional fees (attach schedule)....		487,035	341,074	145,961
17	Interest...............	4		0	4
18	Taxes (attach schedule) (see instructions)...		42,014	25,366	16,648
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............	9,902		0	9,902
21	Travel, conferences, and meetings.......	4,540		0	4,540
22	Printing and publications..........
23	Other expenses (attach schedule).......		48,047	4,514	43,533
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	875,567		372,819	502,748
25	Contributions, gifts, grants paid.......	1,977,636			1,977,636
26	Total expenses and disbursements. Add lines 24 and 25	2,853,203		372,819	2,480,384
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	767,077
b	Net investment income (if negative, enter -0-)			1,069,479
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	5,564,222	5,541,689	5,541,689
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	0	4,087,001	4,192,102
	b	Investments—corporate stock (attach schedule).......	588,783	18,465,862	27,245,439
	c	Investments—corporate bonds (attach schedule).......	0	5,088,222	5,214,882
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	46,340,761	20,215,264	22,882,483
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	127,509	579	579
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	52,621,275	53,398,617	65,077,174
	17	Accounts payable and accrued expenses..........	14,924	11,721
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	14,924	11,721
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	52,606,351	53,386,896
	29	Total net assets or fund balances (see instructions).....	52,606,351	53,386,896
	30	Total liabilities and net assets/fund balances (see instructions).	52,621,275	53,398,617

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

52,606,351

Enter amount from Part I, line 27a .....................

767,077

Other increases not included in line 2 (itemize) bullet

13,468

Add lines 1, 2, and 3 ..........................

53,386,896

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

53,386,896

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	PUBLICLY TRADED SECURITIES
b	JENSEN RUSSIAN REAL ESTATE FUND	P	2008-07-01	2020-12-31
c	CAPITAL GAIN DISTRIBUTIONS	P
d	LS POWER EQUITY PARTNERS II PIE A LP	P
e	GS CAPITAL PARTNERS V INSTITUTIONAL LP	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	16,203,475	15,145,676	1,057,799
b	82,987	880,605	-797,618
c	4,825		4,825
d	9,276		9,276
e	7		7

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			1,057,799
b			-797,618
c			4,825
d			9,276
e			7

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	274,289
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 ...................		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

Reserved...........................

Reserved,..........................

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	14,866
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	14,866
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	14,866
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	34,483
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	10,000
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	44,483
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	29,617
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax29,617	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

JANET M GAGE Telephone no. bullet

(515) 288-0010

Located at bullet

100 COURT AVENUE SUITE 211DES MOINESIA ZIP+4 bullet

50309

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
SURINDER M SEHGAL	DIRECTOR, PRES. & TREAS. 0.00	0	0
11550 PAIGE COURT CAPTIVA,FL33924	DIRECTOR, PRES. & TREAS. 0.00	0	0
EDDA G SEHGAL	DIRECTOR, V.PRES. & SEC. 0.00	0	0
11550 PAIGE COURT CAPTIVA,FL33924	DIRECTOR, V.PRES. & SEC. 0.00	0	0
KENAI K SEHGAL	DIRECTOR 0.00	0	0
172 MESEROLE ST APT 4B BROOKLYN,NY11206	DIRECTOR 0.00	0	0
BERND U SEHGAL	DIRECTOR 0.00	0	0
716 JUDSON AVENUE EVANSTON,IL60202	DIRECTOR 0.00	0	0
OLIVER S SEHGAL	DIRECTOR 0.00	0	0
100 COURT AVENUE SUITE 211 DES MOINES,IA50309	DIRECTOR 0.00	0	0
VICKI D SEHGAL	DIRECTOR 0.00	0	0
5125 WELKER AVENUE DES MOINES,IA50312	DIRECTOR 0.00	0	0
RYAN CLUTTER	DIRECTOR 0.00	0	0
5125 WELKER AVENUE DES MOINES,IA50312	DIRECTOR 0.00	0	0
MAUREEN SMITH	DIRECTOR 0.00	0	0
716 JUDSON AVENUE EVANSTON,IL60202	DIRECTOR 0.00	0	0
JAY SEHGAL	EXECUTIVE VP 40.00	164,042	34,301
13432 LAKE SHORE DRIVE CLIVE,IA50325	EXECUTIVE VP 40.00	164,042	34,301

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
KHUSHBU SRIVASTAVA	DIRECTOR OF DEVELOPM 40.00	70,070	9,886	0
100 COURT AVE STE 211 DES MOINES,IA50309	DIRECTOR OF DEVELOPM 40.00	70,070	9,886	0








Total number of other employees paid over $50,000...................				0

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
NORTHERN TRUST	INVESTMENT MANAGEMENT	341,074
50 LASALLE STREET B-10 CHICAGO,IL60603	INVESTMENT MANAGEMENT	341,074
HAKI CONSULTING	CONSULTING	67,432
7635 113TH STREET 3B FOREST HILLS,NY11375	CONSULTING	67,432

Total number of others receiving over $50,000 for professional services............. bullet

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)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

52,108,293

Average of monthly cash balances.......................

4,142,415

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

56,250,708

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

56,250,708

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

843,761

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

55,406,947

Minimum investment return. Enter 5% of line 5..................

2,770,347

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.)

Minimum investment return from Part X, line 6....................

2,770,347

Tax on investment income for 2020 from Part VI, line 5......

14,866

Income tax for 2020. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

14,866

Distributable amount before adjustments. Subtract line 2c from line 1............

2,755,481

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

2,755,481

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

2,755,481

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

2,480,384

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

2,480,384

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

2,480,384

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)

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					2,755,481
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......
b From 2016......
c From 2017......
d From 2018......	763,849
e From 2019......	1,841,970
fTotal of lines 3a through e........		2,605,819
4Qualifying distributions for 2020 from Part
XII, line 4: $ 2,480,384
a Applied to 2019, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2020 distributable amount.....					2,480,384
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2020.		275,097			275,097
(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		2,330,722
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......			0
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) .......		0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		2,330,722
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....
c Excess from 2018....	488,752
d Excess from 2019....	1,841,970
e Excess from 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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

SURINDER M SEHGAL

EDDA G SEHGAL

KENAI K SEHGAL

BERND U SEHGAL

OLIVER S SEHGAL

VICKI D SEHGAL

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.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ALLIANCE FOR THE GREAT LAKES 17 N STATE STREET SUITE 1390 CHICAGO,IL60602	NONE	PUBLIC	CHARITABLE	10,000
CAPTIVA ISLAND PROPERTY OWNER ASSOCIATION PO BOX 72 CAPTIVA,FL33924	NONE	PUBLIC	CHARITABLE	7,500
CATHEDRAL COUNSELING CENTER 50 E WASHINGTON STREET SUITE 301 CHICAGO,IL60602	NONE	PUBLIC	CHARITABLE	2,000
CCA FOUNDATION INC PO BOX 775 11550 CHAPIN LANE CAPTIVA,FL33924	NONE	PUBLIC	CHARITABLE	1,000
CHICAGO INDEPENDENT RADIO PROJECT CHIRP RADIO 4045 N ROCKWELL ST CHICAGO,IL60618	NONE	PUBLIC	CHARITABLE	1,000
CONNECTIONS FOR THE HOMELESS 2010 DEWEY AVE 3RD FLOOR EVANSTON,IL60201	NONE	PUBLIC	CHARITABLE	2,000
EVANSTON COMMUNITY FOUNDATION 1560 SHERMAN AVENUE SUITE 535 EVANSTON,IL60201	NONE	PUBLIC	CHARITABLE	5,000
HARVARD UNIVERSITY 124 MOUNT AUBURN STREET CAMBRIDGE,MA02138	NONE	PUBLIC	EDUCATIONAL	5,000
IOWA COUNCIL FOR INTERNATIONAL UNDERSTANDING 929 THIRD STREET SUITE 203 DES MOINES,IA50309	NONE	PUBLIC	CHARITABLE	30,000
S M SEHGAL FOUNDATION PLOT NO 34 SECTOR 44 GURGAON 122002 IN	NONE	FOREIGN	CHARITABLE	1,840,000
SANIBEL-CAPTIVA CONSERVATION FOUNDATION PO BOX 839 SANIBEL,FL33957	NONE	PUBLIC	CHARITABLE	11,000
UNITED WAY OF LEE COUNTY 7273 CONCOURSE DRIVE FORT MEYERS,FL33908	NONE	PUBLIC	CHARITABLE	500
CAPTIVA ISLAND HISTORICAL SOCIETY PO BOX 163 CAPTIVA,FL33924	NONE	PUBLIC	CHARITABLE	500
DALLAS COUNTY CONSERVATION 14581 K AVE PERRY,IA50220	NONE	PUBLIC	CHARITABLE	1,500
DES MOINES COMMUNITY PLAYHOUSE 831 42ND STREET DES MOINES,IA50312	NONE	PUBLIC	CHARITABLE	1,500
DES MOINES PUBLIC SCHOOLS 2100 FLEUR DRIVE DES MOINES,IA50321	NONE	PUBLIC	CHARITABLE	2,500
DING DARLING WILDLIFE SOCIETY 1 WILDLIFE DR PO BOX 565 SANIBEL ISLAND,FL33957	NONE	PUBLIC	CHARITABLE	5,000
THE EVERGLADES FOUNDATION 18001 OLD CUTLER ROAD SUITE 625 PALMETTO BAY,FL33157	NONE	PUBLIC	CHARITABLE	1,000
FOOD BANK OF IOWA 2220 E 17TH STREET DES MOINES,IA50316	NONE	PUBLIC	CHARITABLE	2,500
FRIENDS OF DES MOINES PARKS 1551 E MARTIN LUTHER KING PARKWAY DES MOINES,IA50317	NONE	PUBLIC	CHARITABLE	500
HINDU TEMPLE OF SW FLORIDA 12552 PLANTATION ROAD FORT MYERS,FL33966	NONE	PUBLIC	CHARITABLE	5,000
INDIA ASSOCIATION OF MINNESOTA PO BOX 130158 ST PAUL,MN55113	NONE	PUBLIC	CHARITABLE	1,000
NORTH SOUTH FOUNDATION 2 MARISSA CT BURR RIDGE,IL60527	NONE	PUBLIC	CHARITABLE	5,000
OPPORTUNITY ON DECK 4420 104TH ST 11 URBANDALE,IA50322	NONE	PUBLIC	CHARITABLE	1,500
RAAGA INC PO BOX 61362 FORT MYERS,FL33906	NONE	PUBLIC	CHARITABLE	1,000
SOLAR UNITED NEIGHBORS 1350 CONNECTICUT AVE NW SUITE 412 WASHINGTON,DC20036	NONE	PUBLIC	CHARITABLE	500
THE STATE UNIVERSITY OF IOWA FOUNDATION ONE WEST OARK ROAD IOWA CITY,IA52242	NONE	PUBLIC	CHARITABLE	30,000
VARIETY - THE CHILDREN'S CHARITY 505 5TH AVE SUITE 310 DES MOINES,IA50309	NONE	PUBLIC	CHARITABLE	1,036
WIKIMEDIA FOUNDATION INC PO BOX 98204 WASHINGTON,DC20090	NONE	PUBLIC	CHARITABLE	100
YOUTH AND SHELTER SERVICES INC PO BOX 1628 AMES,IA50010	NONE	PUBLIC	CHARITABLE	2,500
Total ................................. 3a				1,977,636

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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 ...........			14	18,476
4 Dividends and interest from securities....			14	1,148,726
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			01
6 Net rental income or (loss) from personal property
7 Other investment income.....			14	807
8 Gain or (loss) from sales of assets other than inventory ............			18	274,289
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aIA 1120 TAX REFUND			14	3,840
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		1,446,138	0

13Total. Add line 12, columns (b), (d), and (e)..................

1,446,138

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

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

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Name of the organization

SEHGAL FOUNDATION

Employer identification number

42-1477858

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

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

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... 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 SEHGAL FOUNDATION			Employer identification number 42-1477858

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	SURINDER & EDDA SEHGAL 11550 PAIGE COURT CAPTIVA, FL33924	$ 300,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
2	SHANKARAN & VYOMA NAIR 4120 BARHEAD DRIVE 102 BONITA SPRINGS, FL34134	$ 27,352		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
3	SUBHASH & SEEMA KSHTRAPAL 8450 RIVIERA AVE FORT MYERS, FL33919	$ 10,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
4	FRANK BABKA 2220 S PLYMOUTH RD 110 MINNETONKA, MN55305	$ 5,500		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
5	RAM GADA 18668 FARMSTEAD CIRCLE EDEN PRAIRIE, MN55347	$ 5,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
6	DR ARUN MAHESHWARI 19713 TESORO WAY FORT MYERS, FL33967	$ 25,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Name of organization SEHGAL FOUNDATION			Employer identification number 42-1477858
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
7	DR RAZAK DOSANI 1210 CLEBURNE DRIVE FORT MYERS, FL33919	$ 5,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
8	HYTECH INTERNATIONAL LLC 100 COURT AVE SUITE 211 DES MOINES, IA50309	$ 1,500,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
9	SUNIL AND BHARTI LALLA 3518 STUART CT FORT MEYERS, FL33901	$ 5,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
10	JAN LEEMANS 515 CHEMIN DES VERGERS AU BAUX BEDOIN, 84410FR	$ 10,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
11	RAJAT JAY AND VEENA SEHGAL 13432 LAKE SHORE DRIVE CLIVE, IA50325	$ 25,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
12	AMAL SRIVASTAVA 1207 LANDER STREET RENO, NV89509	$ 25,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Name of organization SEHGAL FOUNDATION			Employer identification number 42-1477858
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
13	MANALONI MANISHI FOUNDATION 5891 MARBLE CIRCLE JOHNSTON, IA50131	$ 27,211		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
14	VICTOR GHYSELS HEIDESTRAAT 41-43 B KESTER, BE	$ 50,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
15	NARAYAN H AMARNANI 14401 PINE FOLLOW DR ESTERO, FL33928	$ 5,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
16	PC PRASAD & SV ADVANI 13962 SOUTH SHORE DRIVE CLIVE, IA50325	$ 7,500		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
17	RYAN CLUTTER 5125 WELKER AVENUE DES MOINES, IA50312	$ 50,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
18	SANDEEP WALHA 14189 REFLECTION LAKES DR FORT MEYERS, FL33907	$ 5,600		Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Name of organization SEHGAL FOUNDATION			Employer identification number 42-1477858
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
19	BERND SEHGAL & MAUREEN SMITH 716 JUDSON AVE EVANSTON, IL60202	$ 8,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
		$		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
		$		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
		$		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
		$		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
		$		Person Payroll Noncash (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 SEHGAL FOUNDATION		Employer identification number 42-1477858

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 SEHGAL FOUNDATION			Employer identification number 42-1477858
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.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose 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

(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

(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

(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

Software ID:
Software Version:

- TIN:

TY 2020 AccountingFeesSchedule

Name:

SEHGAL FOUNDATION

EIN:

42-1477858

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	3,729	1,865		1,864

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2020 ExpenditureResponsibilityStmt

Name:

SEHGAL FOUNDATION

EIN:

42-1477858

Grantee's Name	Grantee's Address	Grant Date	Grant Amount	Grant Purpose	Amount Expended By Grantee	Any Diversion By Grantee?	Dates of Reports By Grantee	Date of Verification	Results of Verification
S M SEHGAL FOUNDATION - SEE STATEMENT 16 FOR ADDITIONAL DETAILS	PLOT 34 SECTOR 44 GURGAON 122022 IN	2020-12-31	1,840,000	SEE STATEMENT 16 FOR ADDITIONAL DETAILS		NONE	3/31/2021		SEHGAL FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE, THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.

- TIN:

TY 2020 GeneralExplanationAttachment

Name:

SEHGAL FOUNDATION

EIN:

42-1477858

Identifier	Return Reference	Explanation
EXPENDITURE RESPONSIBILITY STATEMENT	FORM 990PF PART VII-B LINE 5C	PURSUANT TO IRC REGULATION 53.4945-5(D)(2), THE SEHGAL FOUNDATION PROVIDES THE FOLLOWING INFORMATION: (I) GRANTEE: S M SEHGAL FOUNDATION PLOT NO 34, SECTOR 44 GURGAON, INDIA 122022 (II) AMOUNT OF GRANTS: 1) A PROJECT GRANT IN THE AMOUNT OF INR 3,945,153 WAS APPROVED ON 6/5/17 AND THE FUNDS REMITTED ON 6/14/2017 (USD REMITTED $61,412). AS REPORTED ON THE 12/31/2019 EXPENDITURE RESPONSIBILITY STATEMENT, AS OF 3/31/2020 (THE GRANTEE'S YEAR END) THE FULL AMOUNT OF THE GRANT HAD BEEN EXPENDED. 2) A PROJECT GRANT IN THE AMOUNT OF INR 3,653,902 WAS APPROVED ON 10/5/17 AND THE INITIAL INSTALLMENT OF INR 2,370,343 WAS REMITTED ON 10/10/2017 (USD $36,495). THE SECOND INSTALLMENT OF INR 641,780 (USD $9,688) WAS REMITTED ON 6/4/2018. THE FINAL PAYMENT OF INR 641,779 WAS REMITTED 5/21/2019 (USD $9,277). 3) A PROJECT GRANT IN THE AMOUNT OF INR 25,600,000 WAS APPROVED ON 5/31/18 AND THE FUNDS REMITTED ON 6/4/2018 (USD $386,426). 4) A PROJECT GRANT IN THE AMOUNT OF INR 19,500,400 WAS APPROVED ON 5/31/18 AND THE INITIAL INSTALLMENT OF INR 8,956,000 (USD $135,188) WAS REMITTED ON 6/4/2018, AN INSTALLMENT OF INR 5,094,000 (USD $73,635) WAS REMITTED ON 5/21/2019 AND AN INSTALLMENT OF INR 5,094,000 (USD $68,288) WAS REMITTED ON 7/29/2020. 5) A PROJECT GRANT IN THE AMOUNT OF INR 40,670,000 WAS APPROVED ON 3/8/2018 AND THE FUNDS REMITTED ON 3/12/2018 (USD REMITTED $628,000). AN ADDENDUM TO THIS GRANT FOR ADDITIONAL FUNDING OF INR 58,930,000 WAS APPROVED 5/21/2019. THIS AMOUNT WAS REMITTED IN 2 INSTALLMENTS ON 5/21/2019 AND 7/29/2019 (USD $856,080). 6) A PROJECT GRANT IN THE AMOUNT OF INR 37,450,000 WAS APPROVED ON 5/17/2019 AND THE INITIAL INSTALLMENT OF INR 18,725,000 WAS REMITTED ON 5/21/2019 (USD $270,675). THE FINAL INSTALLMENT OF INR 18,725,000 WAS REMITTED ON 7/29/2019 (USD $273,364). 7) A PROJECT GRANT IN THE AMOUNT OF INR 19,600,209 WAS APPROVED ON 12/12/2019 AND THE FUNDS REMITTED ON 12/17/2019 (USD $280,000). 8) A PROGRAM GRANT COVERING THE GRANTEE'S FYE 4/1/2020 - 3/31/2021 WAS APPROVED IN MAY 2020. THE TOTAL GRANT WAS INR 128,079,000 (INDIAN RUPEES) AND THE FUNDS WERE TO BE REMITTED IN EQUIVALENT USD ON THE FOLLOWING DATES. THE UNSPENT FUNDS FROM THE PROGRAM GRANT FOR THE GRANTEES'S PRIOR FYE OF INR 870,807 WERE APPLIED AGAINST THE FUNDING OF THIS GRANT. IN ADDITION, AFTER REVIEWING THE GRANT EXPENDITURES THROUGH DECEMBER 2020, THE GRANTOR AND GRANTEE AGREED TO REDUCE THE OVERALL GRANT AND NOT FUND THE FINAL GRANT INSTALLMENT. DATE INR (PER GRANT) INR REMITTED USD REMITTED PRIOR YR UNSPENT 870,807 5/13/2020 38,745,000 39,232,114 520,000 7/15/2020 32,709,000 32,204,135 431,712 10/1/2020 28,865,000 29,000,721 393,925 1/6/2021 27,760,000 - - 9) A PROJECT GRANT IN THE AMOUNT OF INR 1,367,520 WAS APPROVED ON 9/21/2020 AND THE FUNDS REMITTED ON 9/23/2020 (USD $18,575). 10) A PROJECT GRANT IN THE AMOUNT OF INR 42,920,033 WAS APPROVED ON 9/21/2020 AND THE INITIAL INSTALLMENT OF INR 30,000,000 WAS REMITTED ON 9/23/2020 (USD $407,500). (III) PURPOSE OF GRANTS: 1) THE PROJECT GRANT WAS IN SUPPORT OF IMPROVING THE AVAILABILITY OF WATER THROUGH THE CONSTRUCTION OF THREE CHECK DAM SITES IN VILLAGES IN INDIA. 2) THE PROJECT GRANT WAS IN SUPPORT OF A THREE YEAR PROJECT ON AGRICULTURAL DEVELOPMENT IN TEN VILLAGES IN INDIA. THE PROJECT AIMS TO BENEFIT APPROXIMATELY 2000 WOMEN FARMERS. 3) THE PROJECT GRANT WAS IN SUPPORT OF RENOVATING NINE GOVERNMENT SCHOOLS IN ALWAR DISTRICT, HARYANA INDIA. THIS INCLUDES INSTALLING RAINWATER HARVESTING SYSTEMS TO PROVIDE POTABLE DRINKING WATER FOR THE STUDENTS AND PROVIDING DIGITAL LITERACY TRAINING AND LIFE SKILLS EDUCATION TO THE SCHOOLCHILDREN. IN ADDITION, RAINWATER HARVESTING SYSTEMS WILL BE INSTALLED IN TWO SCHOOLS IN NUH DISTRICT IN INDIA. 4)THE PROJECT GRANT WAS IN SUPPORT OF PROVIDING DIGITAL LITERACY AND LIFE SKILLS EDUCATION TO 3,600 ADOLESCENT GIRLS ACROSS THE STATES OF HARYANA, RAJASTHAN, TELANGANA, AND ANDHRA PRADESH IN INDIA. 5) THE PROJECT GRANT WAS IN SUPPORT OF BUILDING A COLD ROOM STORAGE FACILITY FOR STORAGE OF GERMPLASM. THIS IS USED AS PART OF THE GRANTEE'S CROP IMPROVEMENT PROGRAM WHICH COLLECTS AND ENHANCES PUBLICLY AVAILABLE MAIZE GERMPLASM FOR INCREASING THE PRODUCTIVITY OF FARMERS IN RURAL INDIA. A LONG-TERM COLD STORAGE FACILITY IS REQUIRED TO MAINTAIN THE LONGEVITY OF THE GERMPLASM. 6) THE PROJECT GRANT WAS IN SUPPORT OF RENOVATING TWELVE GOVERNMENT SCHOOLS IN STATES OF RAJASTHAN, TELANGANA, ANDHRA PRADESH & HARYANA IN INDIA. THIS INCLUDES INSTALLING RAINWATER HARVESTING SYSTEMS TO PROVIDE POTABLE DRINKING WATER AND PROVIDING DIGITAL LITERACY TRAINING AND LIFE SKILLS EDUCATION TO THE SCHOOLCHILDREN. 7) THE PROJECT GRANT WAS IN SUPPORT OF RENOVATING SIX GOVERNMENT SCHOOLS IN THE STATES OF RAJASTHAN, TELANGANA, & HARYANA IN INDIA. THIS INCLUDES INSTALLING RAINWATER HARVESTING SYSTEMS TO PROVIDE POTABLE DRINKING WATER AND PROVIDING DIGITAL LITERACY TRAINING AND LIFE SKILLS EDUCATION TO THE SCHOOLCHILDREN. 8) THE PROGRAM GRANT WAS IN SUPPORT OF THE PROGRAMS UNDERTAKEN BY THE GRANTEE TO RURAL COMMUNITIES IN INDIA TO INCREASE AGRICULTURAL PRODUCTIVITY, MANAGE WATER RESOURCES, STRENGTHEN GRASSROOTS DEMOCRACY, AND FACILITATE CITIZEN PARTICIPATION THROUGH GOOD RURAL GOVERNANCE. 9) THE PROJECT GRANT WAS IN SUPPORT OF RENOVATING ONE GOVERNMENT SCHOOL IN THE STATE OF MAHARASHTRA IN INDIA. THIS INCLUDES INSTALLING RAINWATER HARVESTING SYSTEMS TO PROVIDE POTABLE DRINKING WATER AND PROVIDING DIGITAL LITERACY TRAINING AND LIFE SKILLS EDUCATION TO THE SCHOOLCHILDREN. 10) THE PROJECT GRANT WAS IN SUPPORT OF RENOVATING TWELVE GOVERNMENT SCHOOLS IN STATES OF RAJASTHAN, TELANGANA, MAHARASHTRA & HARYANA IN INDIA. THIS INCLUDES INSTALLING RAINWATER HARVESTING SYSTEMS TO PROVIDE POTABLE DRINKING WATER AND PROVIDING DIGITAL LITERACY TRAINING AND LIFE SKILLS EDUCATION TO THE SCHOOLCHILDREN. (IV) AND (IV) REPORTS: THE GRANTEE SUBMITTED FULL AND COMPLETE REPORTS AS FOLLOWS. 1) THE REPORT FOR THIS PROJECT INDICATES THAT ALL THREE OF THE CHECK DAMS ARE IN GOOD CONDITION AND CONTINUE TO INCREASE GROUNDWATER LEVELS. 2) THE REPORTS RECEIVED FOR THIS PROJECT INDICATE THAT INR 2,274,707 INR HAD BEEN SPENT AS OF 3/31/2020 AND AN ADDITIONAL INR 35,094 WAS SPENT AS OF 3/31/2021. THE REMAINING FUNDS WILL BE SPENT ON THE GRANT PROJECT AND THE GRANTEE WILL CONTINUE TO REPORT ON THE PROJECT UNTIL THE FUNDS ARE EXPENDED. 3) THE REPORTS FOR THIS PROJECT GRANT INDICATE THAT INR 23,446,508 HAD BEEN SPENT AS OF THE 3/31/2019 (THE GRANTEE'S FYE) AND AN ADDITIONAL INR 1,471,214 WAS SPENT AS OF 3/31/2020. THE REMAINING GRANT FUNDS OF INR 682,281 WERE EXPENDED DURING GRANTEE'S 3/31/2021 FYE. 4) REPORTS FOR THIS PROJECT INDICATE THAT INR 5,400,822 HAD BEEN SPENT AS OF 3/31/2019 (THE GRANTEE'S FYE), INR 2,981,965 WAS SPENT IN FYE 3/31/2020 AND EXPENSES OF INR 1,895,389 WERE INCURRED DURING THE 3/31/2021 FYE. THE REMAINING FUNDS WILL BE SPENT ON THE GRANT PROJECT AND THE GRANTEE WILL CONTINUE TO REPORT ON THE PROJECT UNTIL THE FUNDS ARE EXPENDED. 5) REPORTS FOR THIS PROJECT GRANT INDICATES THAT THE FULL AMOUNT OF THE INITIAL GRANT HAD BEEN EXPENDED IN FULFILLMENT OF THE CHARITABLE PURPOSE AS OF 3/31/2019 (GRANTEE'S FYE). ADDITIONAL FUNDING OF INR 58,930,000 WAS RECEIVED AS OF 3/31/2020 AND GRANT EXPENSES OF INR 5,092,215 WERE INCURRED DURING THE SAME PERIOD. GRANT EXPENSES OF INR 36,938,326 WERE EXPENDED DURING THE 3/31/2021 FYE. THE REMAINING FUNDS WILL BE SPENT ON THE GRANT PROJECT AND THE GRANTEE WILL CONTINUE TO REPORT ON THE PROJECT UNTIL THE FUNDS ARE FULLY EXPENDED. 6 & 7) THE GRANTEE PROVIDED COMBINED REPORTS FOR THE SCHOOLS COVERED UNDER BOTH THE MAY 2019 AND DECEMBER 2019 SCHOOL PROJECT GRANTS. AS OF THE 3/31/2020 (THE GRANTEE'S FYE) GRANT EXPENSES OF INR 34,534,052 HAD BEEN EXPENDED. AN ADDITIONAL INR 23,853,452 WAS SPENT DURING FYE 3/31/2021. THE REMAINING FUNDS WILL BE SPENT ON THE GRANT PROJECT AND THE GRANTEE WILL CONTINUE TO REPORT ON THE PROJECT UNTIL THE FUNDS ARE FULLY EXPENDED. 8) THE REPORT FOR THE PROGRAM GRANT INDICATES THAT, AS OF THE END OF THE GRANTEE'S
CONTROLLED FOREIGN ENTITY REPORTING	FORM 990PF	CONTROLLED FOREIGN CORPORATION REPORTING:THE TAXPAYER IS NOT REQUIRED TO FILE FORM 5471 FOR THE FOREIGN CORPORATIONS LISTED BELOW UNDER THE CONSTRUCTIVEOWNERS FILING EXCEPTION TO TREASURY REGULATION SECTION 1.6038-2(J)(2).THE TAXPAYER HAS A PARTNERSHIP INTEREST IN:LS POWER EQUITY PARTNERS PIE I, LPFEIN: 20-26139421700 BROADWAY, 35TH FLOORNEW YORK, NY 10019 LS POWER EQUITY PARTNERS PIE I, LP INVESTS DIRECTLY IN THE FOLLOWING FOREIGN CORPORATIONS:LSP CAL EB I, LTDTHE REQUIRED INFORMATION WAS FILED BY LS POWER EQUITY PARTNERS PIE I, LP.IRS SERVICE CENTER WHERE RETURN WAS FILED: E-FILECONTROLLED FOREIGN CORPORATION REPORTING:THE TAXPAYER IS NOT REQUIRED TO FILE FORM 5471 FOR THE FOREIGN CORPORATIONS LISTED BELOW UNDER THE CONSTRUCTIVEOWNERS FILING EXCEPTION TO TREASURY REGULATION SECTION 1.6038-2(J)(2). THE TAXPAYER HAS A PARTNERSHIP INTEREST IN:LS POWER EQUITY PARTNERS II PIE, LPFEIN: 20-57214391700 BROADWAY, 35TH FLOORNEW YORK, NY 10019LS POWER EQUITY PARTNERS II PIE, LP INVESTS DIRECTLY IN THE FOLLOWING FOREIGN CORPORATIONS:LSP COLUMBUS EB II, LTDLSP CAL EB II, LTDTHE REQUIRED INFORMATION WAS FILED BY LS POWER EQUITY PARTNERS II PIE, LP.IRS SERVICE CENTER WHERE RETURN WAS FILED: E FILE

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

SEHGAL FOUNDATION

EIN:

42-1477858

Name of Bond	End of Year Book Value	End of Year Fair Market Value
BANK N S HALIFAX 4.375% DUE 01-13-2021	25,242	25,023
WESTPAC BKG 2.35% DUE 02-19-2025	49,986	53,694
NIKE INC 2.75% DUE 03-27-2027	76,546	82,989
SIMON PPTY GROUP L FIXED 2.45% 09-13-2029	73,394	78,782
JOHNSON & JOHNSON .95% DUE 09-01-2027	100,153	100,496
ESTEE LAUDER COS INC 2.0% DUE 12-01-2024	90,066	89,797
BANK NOVA SCOTIA B C 1.3% DUE 06-11-2025BEO	25,645	25,651
SHELL INTL FIN B V 2% DUE 11-07-2024	49,858	52,686
JPMORGAN CHASE & FLTG RT 1.514% DUE 06-01-2024	75,031	77,002
PHARMACIA CORP DEB 6.6 DUE 12-01-2028 BEO	29,991	34,847
CHEVRON CORP NEW FIXED 1.141% DUE 05-11-2023	75,000	76,579
APPLE INC 1.65% DUE 05-11-2030	99,691	102,992
BLACKROCK INC 2.4% DUE 04-30-2030	50,139	54,666
BRISTOL MYERS SQUIBB CO 1.45% DUE 11-13-2030	74,961	75,370
PPG INDS INC 2.4% DUE 08-15-2024	50,080	52,964
SCHWAB CHARLES 1.65% DUE 03-11-2031	74,853	75,735
NOVARTIS CAP CORP FIXED 2% DUE 02-14-2027	99,909	106,725
AUTO DATA 1.25% DUE 09-01-2030	74,810	74,863
VISA INC 1.9% DUE 04-15-2027 REG	107,224	106,432
MEAD JOHNSON 4.125% DUE 11-15-2025	76,448	80,767
PEPSICO INC .75% DUE 05-01-2023	101,415	101,426
PFIZER INC .8% DUE 05-28-2025	59,726	61,071
UNITEDHEALTH GROUP INC 2.0% 05-15-2030	74,502	79,552
SANTANDER UK PLC 2.1% DUE 01-13-2023	74,954	77,496
ALPHABET INC 1.1% DUE 08-15-2030	119,671	118,359
UNILEVER CAP CORP 1.375% DUE 09-14-2030 REG	75,107	75,334
HERSHEY CO FIXED .9% DUE 06-01-2025	59,974	60,930
3M CO 2.65% DUE 04-15-2025	14,988	16,292
INTERCONTINENTAL 2.1% DUE 06-15-2030	106,983	104,091
ABBOTT LABS 1.15% DUE 01-30-2028	103,175	101,468
UNITEDHEALTH GROUP 1.25% DUE 01-15-2026	25,915	25,772
US BANCORP FIXED 1.375% DUE 07-22-2030	101,692	100,238
PRAXAIR INC NT 1.1% 08-10-2030	99,840	98,955
BP CAP MKTS AMER INC 3.119% 05-04-2026	76,796	83,037
EMERSON ELEC CO FIXED 1.8% DUE 10-15-2027	75,095	79,256
ORACLE CORP 2.95% DUE 05-15-2025	76,664	82,370
GOLDMAN SACHS GROUP INC 2.6% DUE 02-07-2030	49,983	53,783
BK NOVA SCOTIA B C 2.7% DUE 08-03-2026	49,870	55,127
TEXAS INSTRS INC 1.375% DUE 03-12-2025/03-12-2020 REG	26,043	25,927
HORMEL FOODS CORP 1.8% DUE 06-11-2030	105,674	103,424
GLAXOSMITHKLINE 2.85 DUE 05-08-2022	50,432	51,712
HOME DEPOT INC 2.5% DUE 04-15-2027	39,963	43,895
COCA COLA CO 1.45% DUE 06-01-2027	100,326	103,292
INTEL CORP 2.7% DUE 12-15-2022	50,566	52,365
CME GROUP INC 3% DUE 09-15-2022	76,307	78,439
VISA INC 1.1% DUE 02-15-2031	49,907	49,297
KIMBERLY CLARK 1.05% DUE 09-15-2027	75,160	76,019
ALLSTATE CORP 1.45% DUE 12-15-2030	74,748	74,858
MERCK & CO INC NEW .75% DUE 02-24-2026	74,623	75,847
TARGET CORP 2.25% DUE 04-15-2025	50,109	53,523
AVALONBAY CMNTYS INC MEDIUM TERM NTS 2.3% DUE 03-01-2030	99,866	106,655
AMAZON COM INC 1.5% DUE 06-03-2030	75,284	76,276
BURL NORTHN SANTA 7% DUE 12-15-2025	23,035	25,829
MASTERCARD INC 2% DUE 03-03-2025	107,373	106,105
S&P GLOBAL INC 1.25% DUE 08-15-2030	74,891	73,938
MORGAN STANLEY 2.188% DUE 04-28-2026	75,145	79,218
GRAINGER W W INC 1.85% DUE 02-15-2025	74,792	78,992
COSTCO WHSL CORP FIXED 1.375% DUE 06-20-2027	74,960	77,272
COMCAST CORP NEW 1.95% DUE 01-15-2031	74,962	77,021
PHILIP MORRIS INTL 1.5% DUE 05-01-2025	99,512	103,579
HONEYWELL INTL INC 1.35% DUE 06-01-2025 REG	29,997	31,083
TORONTO DOMINION BK SR MEDIUM TERM BK NT 1.15% DUE 06-12-2025	74,996	76,583
WELLS FARGO & COMPANY 4.6 MTN TRANCHE # SR 00116 DUE 04-01-2021	60,554	60,634
BANK MONTREAL MEDIUM TERM SR NTS 1.85% 05-01-2025	49,962	52,491
TRUIST FINANCIAL CORP MTN 1.125% 08-03-2027	60,339	60,393
PRUDENTIAL FINL INC MEDIUM TERM NTS BOOK1.5% 03-10-2026	104,206	103,758
CATERPILLAR FINL 1.45% DUE 05-15-2025	103,685	103,873
ROYAL BK CDA GLOBAL MEDIUM TERM SR BK NT1.15% DUE 06-10-2025	99,652	102,187
BANK OF AMERICA CORP MTN 1.197% 10-24-2026	75,000	75,999
NATIONAL RURAL UTILS COOP FIN CORP 2.9% 03-15-2021	100,460	100,502
BB&T CORP SR 2.2% DUE 03-16-2023	24,982	25,951
TOYOTA MTR CR CORP MEDIUM TERM NTS BOOK 1.15% DUE 05-26-2022	25,334	25,328

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

SEHGAL FOUNDATION

EIN:

42-1477858

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ADR HDFC BK LTD ADR REPSTG 3 SHS	83,525	154,925
ADR SMITH & NEPHEW GROUP P L C SPONSOREDADR NEW	98,162	91,382
ADR NESTLE S A SPONSORED ADR REPSTG REG SH	69,683	110,614
ADR AIA GROUP LTD SPONSORED ADR	112,296	182,371
ADR AMADEUS IT GROUP S A ADS	104,532	104,670
ADR ADYEN N V ADR	78,613	92,614
ADR ATLAS COPCO AB SPONSORED ADR NEW REPSTG COM SER A	54,576	101,241
ADR TENCENT HLDGS LTD ADR	41,075	107,404
ADR ASML HLDG NV NY REG 2012 (POST REV SPLIT)	65,695	175,091
SIKA AG ADR	67,409	97,429
ADR LVMH MOET HENNESSY LOUIS VUITTON ADR	52,559	157,409
ADR PERNOD RICARD S A ADR .	66,107	80,036
ADR LONZA GROUP AG ADR	103,861	107,206
ADR TAIWAN SEMICONDUCTOR MANUFACTURING SPON ADS	51,278	236,944
ADR DSV A/S ADR UNSP EACH REPR 0.5 ORD	40,157	134,768
ADR CSL LTD SPONSORED ADR	59,249	165,005
EXPERIAN PLC	73,574	140,604
ADR BAE SYS PLC SPONSORED ADR	89,285	87,722
ADR MUNICH RE GROUP ADR	55,813	84,703
ADR ROCHE HLDG LTD SPONSORED ADR ISIN #US771195104	56,784	81,849
ADR NIPPON TELEG & TEL CORP SPONSORED ADR	68,826	78,102
ADR SMURFIT KAPPA GROUP PLC ADR	83,147	130,256
ADR NESTLE S A SPONSORED ADR REPSTG REG SH	67,690	102,015
ADR ABB LTD SPONSORED ADR	75,068	95,427
DIAGEO PLC SPONSORED ADR NEW	20,238	24,774
ADR UPM KYMMENE CORP ADR	62,968	89,932
ADR MMC NORILSK NICKEL PJSC SPONSORED ADR	15,590	27,671
ADR ENEL SOCIETA PER AZIONI ADR	71,009	101,967
ADR VALE S A ADR	77,572	111,035
ADR IBERDROLA S A SPONSORED ADR REPSTG 1ORD SHS	59,488	102,408
ADR UNITED OVERSEAS BK LTD SPONSORED ADRISIN #US9112713022	60,148	69,502
ADR ADR SONIC HEALTHCARE SPON ADR EACH REP 1 ORD SHS	63,401	93,338
ADR SINGAPORE TELECOMMUNICATIONS LTD SPONSORED ADR NEW 2006	8,907	8,161
SVENSKA HANDELSBANKEN AB ADR	66,196	64,874
DEUTSCHE POST AG SPONSORED ADR	57,533	60,356
ADR COMPAGNIE DE ST GOBAIN ADR	66,930	64,574
ADR GLAXOSMITHKLINE PLC SPONSORED ADR	24,575	24,362
ASE TECHNOLOGY HOLDING CO LTD ADR	53,781	62,155
ADR BNP PARIBAS SPONSORED ADR REPSTG	91,858	100,160
ADR ZURICH INS GROUP LTD SPONSORED	89,013	125,267
ADR NN GROUP NV ADR	78,226	86,154
ADR SIEMENS AG COM DM50 (NEW)	76,895	92,107
ADR SOFTBANK CORP ADR	73,482	69,524
ADR NOVARTIS AG	73,385	100,662
ADR TOYOTA MTR CORP SPONSORED ADR	101,833	118,246
ADR MICHELIN COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN ADR	79,861	91,846
ADR BRITVIC PLC SPONSORED ADR	25,018	39,874
ADR ORKLA A S SPONSORED ADR	7,331	8,264
ADR UNILEVER PLC SPONSORED ADR NEW	59,318	81,546
ADR ALLIANZ SE UNSPON ADS EACH REP 1/10 ORD SHARES	53,375	76,144
ADR BRIT AMERN TOB PLC SPONSORED	97,038	80,941
SANOFI SPONSORED ADR	84,390	92,904
ADR IMPERIAL BRANDS PLC SPONSORED ADR	56,809	32,623
ADR TOTALENERGIES SE SPONSORED ADR	102,385	98,405
ADR PERSIMMON ADR	66,638	78,708
ADR DEUTSCHE TELEKOM AG SPONSORED ADR	67,954	72,642
SERVICENOW INC COM	90,248	193,751
GARTNER INC COM	69,135	105,085
ALPHABET INC CAPITAL STOCK USD0.001 CL A	43,430	92,890
DOLLAR GEN CORP NEW COM	52,393	129,965
ZOETIS INC COM USD0.01 CL 'A'	96,283	193,139
UNITEDHEALTH GROUP INC COM	111,587	128,700
STARBUCKS CORP COM	95,501	148,488
ILLUMINA INC COM	84,525	95,460
ALPHABET INC CAP STK USD0.001 CL C	144,676	297,820
MASTERCARD INC CL A	85,448	208,810
ALIGN TECHNOLOGY INC COM	26,269	132,526
NIKE INC CL B	38,555	101,010
ACCENTURE PLC SHS CL A NEW	95,389	196,952
INTUITIVE SURGICAL INC COM NEW STK	81,156	91,627
AUTODESK INC COM	99,707	201,524
MICROSOFT CORP COM	125,688	342,082
REGENERON PHARMACEUTICALS INC COM	74,434	102,419
ABBOTT LAB COM	162,962	228,834
PAYPAL HLDGS INC COM	69,584	184,784
SALESFORCE COM INC COM STK	123,712	168,233
ADOBE SYS INC COM	73,832	303,073
MSCI INC COMMON	45,443	87,073
VISA INC COM CL A STK	98,360	210,637
FACEBOOK INC COM USD0.000006 CL 'A'	188,082	352,376
CONAGRA BRANDS INC COM USD5	78,757	101,963
WALT DISNEY CO	84,939	150,198
JOHNSON & JOHNSON COM USD1	82,861	110,166
ORACLE CORP COM	82,778	120,000
CIGNA CORP NEW COM	98,052	115,540
MERCK & CO INC NEW COM	81,296	101,268
AT&T INC COM	116,025	94,218
DOLLAR TREE INC COM STK	86,889	112,578
EDISON INTL COM	115,203	116,531
DISCOVER FINL SVCS COM STK	117,309	128,009
CARDINAL HLTH INC	119,572	119,599
VIATRIS INC	116,604	122,147
AMERICAN INTERNATIONAL GROUP INC COM	135,808	124,029
LOWES COS INC COM	52,035	103,529
HONEYWELL INTL INC COM STK	114,490	117,198
COGNIZANT TECH SOLUTIONS CORP CL A	85,396	123,417
DUPONT DE NEMOURS INC COMMON STOCK	133,094	140,727
BROADCOM INC COM	74,498	126,539
TRUIST FINL CORP COM	119,376	136,217
ARCHER-DANIELS-MIDLAND CO COM	90,091	111,457
RAYTHEON TECHNOLOGIES CORP	103,094	112,271
CVS HEALTH CORP COM	124,325	123,486
CISCO SYSTEMS INC	81,575	117,066
ALLSTATE CORP COM	87,899	117,405
NORTHROP GRUMMAN CORP COM	88,524	99,948
MONDELEZ INTL INC COM	95,820	117,876
MOTOROLA SOLUTIONS INC	105,695	113,430
CONOCOPHILLIPS COM	122,562	117,051
COMCAST CORP NEW-CL A	85,006	127,280
INTEL CORP COM	95,738	104,572
CATERPILLAR INC COM	91,547	135,787
VERIZON COMMUNICATIONS COM	97,892	107,806
HOULIHAN LOKEY INC CL A CL A	21,702	28,035
SENSATA TECHNOLOGIES B V HOLDING	27,655	33,912
STIFEL FINL CORP COM	20,131	31,538
ANSYS INC COM	20,348	59,663
PROGRESSIVE CORP OH COM	20,556	45,485
ALBEMARLE CORP COM	20,668	34,520
RAYMOND JAMES FNCL INC COM STK	23,536	30,614
SYNEOS HEALTH INC COM	15,621	27,593
WOODWARD INC COM	20,228	36,094
DARDEN RESTAURANTS INC COM	26,324	47,648
D R HORTON INC COM	22,674	49,485
DOVER CORP COM USD1.00	14,726	27,775
AKAMAI TECHNOLOGIES INC COM STK	15,638	21,733
TJX COS INC COM NEW	20,710	39,540
INTUIT COM	9,073	19,372
AIR LEASE CORP CL A CL A	18,218	21,277
GLOBAL PMTS INC COM	24,629	57,302
CUMMINS INC	20,462	33,384
REPUBLIC SVCS INC COM	30,841	48,246
CBRE GROUP INC CL A CL A	23,263	43,214
LAB CORP AMER HLDGS COM NEW	15,917	24,019
EATON VANCE CORP COM	20,619	34,373
CONTINENTAL RES INC COM	23,722	16,479
GENERAL DYNAMICS CORP COM	20,650	18,305
SEALED AIR CORP NEW COM STK	21,106	21,979
CIMAREX ENERGY CO	19,685	22,994
BIO RAD LABS INC CL A	15,528	40,806
CMC MATLS INC COM	22,912	28,898
XILINX INC COM	23,000	52,030
PACKAGING CORP AMER COM	17,309	27,168
SCOTTS MIRACLE-GRO CLASS'A'COM NPV	17,153	35,845
AUTODESK INC COM	19,796	60,763
WEC ENERGY GROUP INC COM	22,666	31,566
SYNOPSYS INC COM	21,086	69,736
KEYSIGHT TECHNOLOGIES INC COM	17,937	49,137
STERICYCLE INC COM	30,115	35,289
MASCO CORP COM	22,301	37,078
EASTMAN CHEM CO COM	18,684	25,872
KEYCORP NEW COM	20,872	22,531
SKYWORKS SOLUTIONS INC COM	31,037	54,884
BLACK KNIGHT INC COM USD0.0001 WI	17,996	38,079
APPLIED MATERIALS INC COM	26,940	55,577
AGILENT TECHNOLOGIES INC COM	18,863	41,827
ACTIVISION BLIZZARD INC COM STK	26,874	45,868
CSX CORP COM STK	15,463	32,761
INTERCONTINENTAL EXCHANGE INC COM	28,851	53,379
GATX CORP COM	15,725	22,708
SYSCO CORP COM	22,143	29,927
REINSURANCE GROUP AMER INC COM NEW STK	23,669	25,150
DENTSPLY SIRONA INC COM	25,468	28,222
ARROW ELECTR INC COM	16,263	21,601
AMERISOURCEBERGEN CORP COM	18,040	20,823
SNAP-ON INC COM	27,199	28,067
RENAISSANCE RE HLDGS LTD COM	16,956	20,230
MERCADOLIBRE INC COM STK	83,220	227,830
SHOPIFY INC CL A SHOPIFY INC	15,399	110,931
CANADIAN PAC RY LTD COM NPV	69,726	158,091
STERIS PLC ORD USD0.001	61,160	94,770
FERRARI N V FERRARI N V COMMON S TOCK	55,126	81,021
LULULEMON ATHLETICA INC COM	73,751	116,590
ACCENTURE PLC SHS CL A NEW	64,535	142,098
ALCON AG COM USD0.04 WI	92,218	104,842
METTLER-TOLEDO INTL INC COM	53,785	101,432
ICON PLC COM	23,327	54,009
AON PLC	65,286	68,029
RESMED INC COM	74,218	143,053
LAS VEGAS SANDS CORP COM STK	25,851	33,257
BCE INC COM NEW	70,257	71,348
MANULIFE FINL CORP COM	84,668	83,683
UBS GROUP AG COMMON STOCK	99,034	99,941
EXPEDITORS INTL WASH INC COM	27,477	29,865
CHEVRON CORP COM	10,931	11,992
BOOKING HLDGS INC COM	13,559	17,818
1ST CTZNS BANCSHARES INC N C CL A	22,002	29,288
JOHNSON & JOHNSON COM USD1	84,602	100,416
ELI LILLY & CO COM	46,243	68,718
ROYAL GOLD INC COM STK USD0.01	20,213	19,996
GILEAD SCIENCES INC	42,585	36,529
BLACKROCK INC COM STK	11,386	14,431
ORACLE CORP COM	27,231	32,863
MARSH & MCLENNAN CO'S INC COM	32,700	32,643
INTERNATIONAL BUSINESS MACHS CORP COM	9,169	8,686
TEXAS INSTRUMENTS INC COM	21,856	28,066
MERCK & CO INC NEW COM	59,265	60,205
AT&T INC COM	69,974	57,808
PEPSICO INC COM	21,772	25,508
CHEMED CORP NEW COM	26,234	27,696
THERMO FISHER CORP	8,909	12,576
WHITE MOUNTAINS INSURANCE GROUP COM STOCK	28,849	29,019
ALPHABET INC CAPITAL STOCK USD0.001 CL A	121,263	161,243
SOUTHERN CO COM STK	36,573	36,612
AUTOZONE INC COM	24,380	28,451
OLD DOMINION FREIGHT LINE INC COM	27,690	29,277
QUALCOMM INC COM	3,911	7,922
S&P GLOBAL INC COM	15,792	21,696
AMERICAN EXPRESS CO	39,238	42,681
EXELON CORP COM	29,294	27,443
INTUIT COM	37,431	54,319
ZOETIS INC COM USD0.01 CL 'A'	1,706	1,821
UNITEDHEALTH GROUP INC COM	43,149	64,525
MC DONALDS CORP COM	9,365	10,085
3M CO COM	2,559	2,971
WASTE MGMT INC DEL COM STK	30,247	32,902
CHUBB LTD ORD CHF24.15	19,535	19,856
HAWAIIAN ELEC INDS INC COM	23,868	19,429
VIATRIS INC	831	1,031
VERTEX PHARMACEUTICALS INC COM	28,630	24,579
ALTRIA GROUP INC COM	1,701	1,681
ANTHEM INC COM	35,031	43,989
TARGET CORP COM STK	35,910	48,722
MASTERCARD INC CL A	69,700	93,161
HERSHEY COMPANY COM STK USD1	28,216	28,029
COCA COLA CO COM	69,276	73,211
WELLS FARGO & CO NEW COM STK	5,074	4,104
CREDIT ACCEP CORP MICH COM	22,245	18,692
HANOVER INS GROUP INC COM	24,342	23,150
NEWMARKET CORP COM	27,826	25,889
ACCENTURE PLC SHS CL A NEW	28,910	41,010
WEC ENERGY GROUP INC COM	28,458	27,609
LOWES COS INC COM	5,764	9,149
HONEYWELL INTL INC COM STK	3,816	6,806
PAYCHEX INC COM	9,412	11,834
CITIGROUP INC COM NEW COM NEW	10,153	9,866
BROADCOM INC COM	5,978	9,633
JACK HENRY & ASSOC INC COM	24,664	23,975
UNION PAC CORP COM	27,795	36,647
MICROSOFT CORP COM	177,281	235,988
ABBVIE INC COM USD0.01	6,886	10,179
KROGER CO COM	28,614	25,662
ABBOTT LAB COM	28,283	32,738
CINTAS CORP COM	5,486	9,190
DUKE ENERGY CORP NEW COM NEW COM NEW	1,690	1,831
AON PLC	11,107	13,310
AMAZON COM INC COM	76,487	127,020
BERKSHIRE HATHAWAY INC-CL B	9,186	10,666
AMEREN CORP COM	11,372	10,850
PINNACLE W. CAP CORP COM	24,996	22,306
COLGATE-PALMOLIVE CO COM	32,651	39,420
PFIZER INC COM	15,125	16,380
PHILIP MORRIS INTL COM STK NPV	7,462	8,113
CISCO SYSTEMS INC	17,032	15,260
NEWMONT CORPORATION	32,191	27,609
AMGEN INC COM	63,625	62,078
CHARTER COMMUNICATIONS INC NEW CL A	42,997	58,216
HOME DEPOT INC COM	66,480	82,077
HUNT J B TRANS SVCS INC COM	26,796	27,877
C H ROBINSON WORLDWIDE INC COM	24,306	23,843
PROCTER & GAMBLE COM NPV	27,594	31,446
LANDSTAR SYS INC COM	26,572	28,413
COMCAST CORP NEW-CL A	15,910	18,969
ADOBE SYS INC COM	46,647	83,020
ACTIVISION BLIZZARD INC COM STK	1,713	1,857
APPLE INC COM STK	108,498	259,011
VISA INC COM CL A STK	78,478	99,303
T-MOBILE US INC COM	16,414	20,497
LOCKHEED MARTIN CORP COM	2,864	3,195
ECOLAB INC COM STK USD1	31,456	34,185
POOL CORP COM STK	18,591	30,918
BERKLEY W R CORP COM	23,520	23,446
INTEL CORP COM	19,181	19,629
FACEBOOK INC COM USD0.000006 CL 'A'	49,448	65,012
CATERPILLAR INC COM	2,996	4,551
COMM BANCSHARES INC COM	4,943	6,373
VERIZON COMMUNICATIONS COM	79,384	81,369
IDACORP INC COM	26,149	23,623
WALMART INC COM	69,182	78,706
AUTOMATIC DATA PROCESSING INC COM	20,195	22,025
SPROUT SOCIAL INC COM CL A COM CL A	17,032	15,848
NATERA INC COM	21,942	62,996
ACUSHNET HLDGS CORP COM	14,576	22,540
COLUMBIA BKG SYS INC COM	19,386	20,822
SAIA INC COM STK	11,869	29,109
KIRBY CORP COM	25,067	27,729
CHEESECAKE FACTORY INC COM	27,596	37,208
ENCORE WIRE CORP COM	17,990	20,230
U S PHYSICAL THERAPY COM	19,123	32,227
WW INTL INC COM	21,283	20,520
GOOSEHEAD INS INC COM CL A COM CL A	11,081	31,564
KNOWLES CORP COM	18,726	20,513
MATERION CORP COM	20,668	26,380
LIVENT CORP COM	18,456	40,770
CALIFORNIA WTR SVC GROUP COM	20,083	20,856
PHREESIA INC COM	25,921	43,625
H & E EQUIP SVCS INC COM	27,615	35,891
HALOZYME THERAPEUTICS INC COM	17,555	45,913
NATIONAL BK HLDGS CORP CL A COM STK	18,863	17,723
PAPA JOHNS INTL INC COM	11,263	21,043
CERENCE INC COM	26,392	59,082
DMC GLOBAL INC COM	19,261	23,182
MEDALLIA INC COM	23,587	32,157
HILTON GRAND VACATIONS INC COM	20,468	32,385
CBIZ INC COM	22,372	29,324
CENTRAL PAC FINL CORP COM NEW	23,706	19,162
KRATOS DEFENSE & SECURITY SOLUTIONS INC	35,364	44,107
SKYWEST INC COM	12,676	11,690
HUB GROUP INC CL A	15,896	22,800
INTER PARFUMS INC COM	34,665	35,931
VISTEON CORP COM NEW COM NEW	17,962	37,279
LIVEPERSON INC COM STK ISIN# US5381461012	30,443	65,528
SIGNET JEWELERS LTD ORD USD0.18	20,367	22,661
EVERCORE INC	20,570	36,949
CAPRI HOLDINGS LTD COM NPV	19,875	42,798
SITEONE LANDSCAPE SUPPLY INC COM	27,473	63,611
CELSIUS HLDGS INC COM NEW COM NEW	17,835	45,078
DESCARTES SYS GROUP INC COM	20,852	33,217
MARCUS & MILLICHAP INC COM	14,443	17,126
CAREDX INC COM	14,877	45,064
BOINGO WIRELESS INC CASH MERGER 06-02-2021	30,514	27,488
NEVRO CORP COM	17,784	28,042
LIONS GATE ENTMT CORP VOTING SHARES CL A	23,175	27,481
TOPBUILD CORP COM	14,563	34,607
VERACYTE INC COM	22,744	40,522
METHANEX CORP COM STK	23,292	45,343
NEOGENOMICS INC COM NEW COM NEW	22,778	52,171
BEACON ROOFING SUPPLY INC COM	21,527	26,927
BROOKS AUTOMATION INC COM	14,456	27,140
VICOR CORP COM	18,208	36,335
OLIN CORP COM	20,217	31,486
MARTEN TRANS LTD COM	15,148	22,072
HEALTHSTREAM INC COM STK ISIN#US42222N1037	19,606	16,664
CRYOPORT INC COM PAR $0.001 COM PAR $0.001	17,046	26,196
INSPIRE MED SYS INC COM	10,431	28,402
HERCULES CAPITAL INC	19,787	22,856
TTEC HLDGS INC COM USD0.01	15,949	30,193
EQTY RESDNTL EFF 5/15/02	114,322	106,289
SBA COMMUNICATIONS CORP	24,706	29,624
AMERICOLD RLTY TR COM	28,805	32,776
BSTN PPTYS INC	20,178	19,001
PUB STORAGE COM	31,473	30,945
LIFE STORAGE INC COM	23,527	28,295
AMERICAN TOWER CORP	52,812	53,197
RETAIL OPPORTUNITY INVTS CORP COM STK	23,253	25,227
TERRENO RLTY CORP	20,423	23,931
MONMOUTH REAL ESTATE CORP MD	15,195	20,039
KYTO BIOPHMARACEUTICALS	3,588	3,588
PAXTON CORPORATION	2,826,331	4,552,875

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

SEHGAL FOUNDATION

EIN:

42-1477858

US Government Securities - End of Year Book Value:

4,087,001

US Government Securities - End of Year Fair Market Value:

4,192,102

State & Local Government Securities - End of Year Book Value:

State & Local Government Securities - End of Year Fair Market Value:

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

SEHGAL FOUNDATION

EIN:

42-1477858

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
GOLDMAN SACHS	AT COST	1,342,278	173,589
MFC SPDR DOW JONES INDL AVERAGE ETF	AT COST	6,756,057	9,760,817
MFO INVESCO DEVELOPING MARKETS FUND	AT COST	2,502,964	3,509,458
MFO BLACKROCK FDS V HIGH YIELD BD PORT INSTLCL	AT COST	2,508,627	2,547,670
MFC FLEXSHARES TR STOXX GLOBAL BROAD INFRASTRUCTURE INDEX FD	AT COST	694,845	742,802
MFC FLEXSHARES TR MORNINGSTAR GLOBAL UPSTREAM NAT RES INDEX FD	AT COST	1,900,317	2,039,379
MFO DFA INVT DIMENSIONS GROUP INC REAL ESTATE SECS PORTFOLIO	AT COST	571,372	545,482
LS POWER EQUITY PTRS II PIE-A	AT COST	75,966	44,218
LS POWER EQUITY PTRS II PIE LP	AT COST	1,771,916	206,789
LS POWER FUND III FEEDER 2 LP	AT COST	1,505,727	2,877,971
	AT COST	585,195	434,308

- TIN:

TY 2020 OtherAssetsSchedule

Name:

SEHGAL FOUNDATION

EIN:

42-1477858

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
REDEMPTION/DISTR. REC - GARGOYLE HEDGE VALUE FUND LTD	127,509	579	579

- TIN:

TY 2020 OtherExpensesSchedule

Name:

SEHGAL FOUNDATION

EIN:

42-1477858

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
OTHER PORFOLIO EXPENSES FROM PASSTHROUGHS	4,514	4,514	0
PAYROLL SERVICE FEE	1,516	0	1,516
POSTAGE AND SHIPPING	260	0	260
OFFICE EXPENSE	89	0	89
BANK FEES	169	0	169
FUNDRAISING EXPENSE	40,119	0	40,119
OFFICE INSURANCE	390	0	390
DUES & SUBSCRIPTIONS	42	0	42
INTERNET SERVICE FEE	918	0	918
MEALS & ENTERTAINMENT	30	0	30

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

SEHGAL FOUNDATION

EIN:

42-1477858

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
BLACKROCK SERVICE FEE REBATE	455	455	455
BOOK SALES	33	33	33
CLASS ACTION SETTLEMENTS	319	319	319
IA 1120 TAX REFUND	3,840		3,840

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

SEHGAL FOUNDATION

EIN:

42-1477858

Description	Amount
BOOK TO TAX TIMING DIFFERENCES	13,468

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

SEHGAL FOUNDATION

EIN:

42-1477858

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
NORTHERN TRUST	341,074	341,074		0
CONSULTING FEES	145,961	0		145,961

- TIN:

TY 2020 TaxesSchedule

Name:

SEHGAL FOUNDATION

EIN:

42-1477858

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
NT MGD EQ ACCTS FOREIGN TAXES	25,366	25,366		0
PAYROLL TAXES	16,648	0		16,648