Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
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 right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$63,821,236J 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) 543,201
2 Check right arrow.............
3 Interest on savings and temporary cash investments 15,224 15,224  
4 Dividends and interest from securities... 1,605,654 1,605,654  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -637,853
b Gross sales price for all assets on line 6a 24,027,216
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).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
550 550  
12 Total. Add lines 1 through 11........ 1,526,776 1,621,428  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 179,246 0   179,246
14 Other employee salaries and wages...... 84,087 0   84,087
15 Pension plans, employee benefits....... 51,532 0   51,532
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,164 2,082   2,082
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
453,783 333,953   119,830
17 Interest............... 8 8   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
66,794 33,283   18,511
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 10,057 0   10,057
21 Travel, conferences, and meetings....... 11,250 0   11,250
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
86,640 31,256   55,384
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 947,561 400,582   531,979
25 Contributions, gifts, grants paid....... 958,079 958,079
26 Total expenses and disbursements. Add lines 24 and 25 1,905,640 400,582   1,490,058
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -378,864
b Net investment income (if negative, enter -0-) 1,220,846
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
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.............      
2 Savings and temporary cash investments......... 4,547,384 7,511,936 7,511,936
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 3,495,095 Click to see attachment
List of Attached Documents:
// Content
2,742,790 		2,632,060
b Investments—corporate stock (attach schedule)....... 16,389,682 Click to see attachment
List of Attached Documents:
// Content
13,465,640 		15,508,678
c Investments—corporate bonds (attach schedule)....... 6,012,357 Click to see attachment
List of Attached Documents:
// Content
4,597,360 		4,101,711
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 23,615,970 Click to see attachment
List of Attached Documents:
// Content
25,377,668 		34,066,851
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 54,060,488 53,695,394 63,821,236
Liabilities 17 Accounts payable and accrued expenses.......... 16,404 12,804
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 16,404 12,804
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
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 right arrow
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 54,044,084 53,682,590
29 Total net assets or fund balances (see instructions)..... 54,044,084 53,682,590
30 Total liabilities and net assets/fund balances (see instructions). 54,060,488 53,695,394
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
54,044,084
2
Enter amount from Part I, line 27a .....................
2
-378,864
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
17,370
4
Add lines 1, 2, and 3 ..........................
4
53,682,590
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
53,682,590
Form 990-PF (2022)
Form 990-PF (2022)
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 LS POWER EQUITY II PIE LP K-1 P    
c GS CAPITAL PARTNERS V P 2005-01-01 2022-12-20
d GSCP V INSTITUTIONAL AIV P 2005-01-01 2022-12-20
e CAPITAL GAIN DISTRIBUTIONS P    
(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 23,984,127   23,682,784 301,343
b     978,832 -978,832
c 4,519     4,519
d 2,976   3,453 -477
e 35,594     35,594
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       301,343
b       -978,832
c       4,519
d       -477
e       35,594
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 -637,853
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 (2022)
Form 990-PF (2022)
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 right arrow 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) 1 16,970
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 16,970
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 16,970
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 24,502
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 20,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 44,502
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 27,532
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow27,532 Refundedright arrow 11 0
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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowIA
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 2022 or the taxable year beginning in 2022? 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 (2022)
Form 990-PF (2022)
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 addressright arrowN/A
14
The books are in care ofright arrowJANET M GAGE Telephone no.right arrow (515) 288-0010

Located atright arrow100 COURT AVENUE SUITE 211DES MOINESIA ZIP+4right arrow50309
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, 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 right arrow
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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2022? .............
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 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 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
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 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 2022 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 2022.) .....................
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 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
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)
Yes
 
(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
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
 
No
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
SURINDER M SEHGAL DIRECTOR, PRES. & TREAS.
0.00 		0 0 0
10100 CYPRESS COVE DR APT 243
FORT MYERS,FL33908
EDDA G SEHGAL DIRECTOR, V.PRES. & SEC.
0.00 		0 0 0
10100 CYPRESS COVE DR APT 243
FORT MYERS,FL33908
KENAI K SEHGAL DIRECTOR
0.00 		0 0 0
172 MESEROLE ST APT 4B
BROOKLYN,NY11206
BERND U SEHGAL DIRECTOR
0.00 		0 0 0
716 JUDSON AVENUE
EVANSTON,IL60202
OLIVER S SEHGAL DIRECTOR
0.00 		0 0 0
100 COURT AVENUE SUITE 211
DES MOINES,IA50309
VICKI D SEHGAL DIRECTOR
0.00 		0 0 0
5125 WELKER AVENUE
DES MOINES,IA50312
RYAN CLUTTER DIRECTOR
0.00 		0 0 0
5125 WELKER AVENUE
DES MOINES,IA50312
MAUREEN SMITH DIRECTOR
0.00 		0 0 0
716 JUDSON AVENUE
EVANSTON,IL60202
RAJAT J SEHGAL EXECUTIVE VP
40.00 		180,191 35,540 0
13432 LAKE SHORE DRIVE
CLIVE,IA50325
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 DIR OF DEVELOP - THR
40.00 		84,087 14,494 0
100 COURT AVE STE 211
DES MOINES,IA50309
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2022)
Form 990-PF (2022)
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
NORTHERN TRUST INVESTMENT MANAGEMENT 333,953
50 LASALLE STREET B-10
CHICAGO,IL60603
Total number of others receiving over $50,000 for professional services.............right arrow0
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.........................right arrow0
Form 990-PF (2022)
Form 990-PF (2022)
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
64,791,809
b
Average of monthly cash balances.......................
1b
2,693,138
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
67,484,947
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
0
3
Subtract line 2 from line 1d.........................
3
67,484,947
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,012,274
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
66,472,673
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,323,634
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
3,323,634
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
16,970
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
16,970
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,306,664
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,306,664
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
3,306,664
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
1,490,058
b
Program-related investments—total from Part VIII-B..................
1b
0
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
1,490,058
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 3,306,664
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 0
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018......  
c From 2019...... 1,837,074
d From 2020......  
e From 2021......  
f Total of lines 3a through e ........ 1,837,074
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 1,490,058
a Applied to 2021, 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 2022 distributable amount..... 1,490,058
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2022. 1,816,606 1,816,606
(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 20,468
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 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		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 2017 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		20,468
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019.... 20,468
c Excess from 2020....  
d Excess from 2021....  
e Excess from 2022....  
Form 990-PF (2022)
Form 990-PF (2022)
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 2022, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
         
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).)
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 right arrow
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 (2022)
Form 990-PF (2022)
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

ABOVE AND BEYOND CANCER INC

1915 GRAND AVENUE
DES MOINES,IA50309 		NONE PUBLIC CHARITABLE 1,000

AMERICA INDIA FOUNDATION

216 EAST 45TH STREET FLOOR 7
NEW YORK,NY10017 		NONE PUBLIC CHARITABLE 1,000

AMERICAN HEART ASSOCIATION

7272 GREENVILLE AVE
DALLAS,TX75231 		NONE PUBLIC CHARITABLE 1,029

CAN PLAY

6500 GRAND AVENUE
WEST DES MOINES,IA50266 		NONE PUBLIC CHARITABLE 2,500

CATHEDRAL COUNSELING CENTER

50 E WASHINGTON STREET SUITE 301
CHICAGO,IL60602 		NONE PUBLIC CHARITABLE 1,000

CHICAGO COUNCIL ON GLOBAL AFFAIRS

332 SOUTH MICHIGAN AVENUE SUITE
1100
CHICAGO,IL60604 		NONE PUBLIC CHARITABLE 2,500

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 3,000

DES MOINES COMMUNITY PLAYHOUSE

831 42ND STREET
DES MOINES,IA50312 		NONE PUBLIC CHARITABLE 5,004

DES MOINES PERFORMING ARTS

221 WALNUT STREET
DES MOINES,IA50309 		NONE PUBLIC CHARITABLE 26,500

DES MOINES VALLEY GOLF CLUB

PO BOX 816
DES MOINES,IA50301 		NONE PUBLIC CHARITABLE 513

DING DARLING WILDLIFE SOCIETY

1 WILDLIFE DR PO BOX 565
SANIBEL ISLAND,FL33957 		NONE PUBLIC CHARITABLE 1,000

EVANSTON COMMUNITY FOUNDATION

1560 SHERMAN AVENUE SUITE 535
EVANSTON,IL60201 		NONE PUBLIC CHARITABLE 10,000

FLORIDA GULF COAST UNIVERSITY FOUNDATION

10501 FGCU BLVD SOUTH
FORT MEYERS,FL33965 		NONE PUBLIC CHARITABLE 2,500

FOOD BANK OF IOWA

2220 E 17TH STREET
DES MOINES,IA50316 		NONE PUBLIC CHARITABLE 5,000

GREATER DES MOINES HABITAT FOR HUMANITY

2200 E EUCLID AVENUE
DES MOINES,IA50317 		NONE PUBLIC CHARITABLE 1,000

HARVARD UNIVERSITY

124 MOUNT AUBURN STREET
CAMBRIDGE,MA02138 		NONE PUBLIC EDUCATIONAL 2,500

HINDU TEMPLE OF SW FLORIDA

12552 PLANTATION ROAD
FORT MYERS,FL33966 		NONE PUBLIC CHARITABLE 10,000

INDIAN SCHOOLS ALUMNI & FRIENDS

137 SEAGATE DRIVE
SAN MATEO,CA94403 		NONE PUBLIC CHARITABLE 25,000

INDIASPORA

3450 SACREAMENTO ST 615
SAN FRANCISCO,CA94118 		NONE PUBLIC CHARITABLE 21,000

INTERNATIONAL CROPS RESEARCH INSTITUTE FOR THE SEMI-ARID TROPICS

PATANCHERU 502 324
MEDAK DISTRICT    
IN 		NONE PUBLIC CHARITABLE 10,000

INTERNATIONAL MEDICAL HEALTH ORGANIZATION

PO BOX 341466
COLUMBUS,OH43234 		NONE PUBLIC CHARITABLE 3,000

INTERNATIONAL MOUNTAIN BIKING ASSOCIATION

PO BOX 20280
BOULDER,CO80308 		NONE PUBLIC CHARITABLE 15,000

IOWA COUNCIL FOR INTERNATIONAL UNDERSTANDING

929 THIRD STREET SUITE 203
DES MOINES,IA50309 		NONE PUBLIC CHARITABLE 10,000

KT'S KIDS

1930 W BRADLEY PLACE
CHICAGO,IL60613 		NONE PUBLIC CHARITABLE 10,000

MONGABAYORG CORPORATION

PO BOX 291
MENLO,CA94026 		NONE PUBLIC CHARITABLE 260

PUNJAB AG UNIVERSITY

FEROZEPUR RD LUDHIANA
PUNJAB    
IN 		NONE GOV CHARITABLE 25,000

S M SEHGAL FOUNDATION

PLOT NO 34 SECTOR 44
GURGAON   122002
IN 		NONE FOREIGN CHARITABLE 735,000

SANIBEL-CAPTIVA CONSERVATION FOUNDATION

PO BOX 839
SANIBEL,FL33957 		NONE PUBLIC CHARITABLE 2,500

SHALOM COVENANT CHURCH

7605 AURORA AVENUE
URBANDALE,IA50302 		NONE PUBLIC CHARITABLE 10,000

THE CHADTOUGH FOUNDATION

PO BOX 907
SALINE,MI48176 		NONE PUBLIC CHARITABLE 1,023

UNITED WAY OF LEE COUNTY

7273 CONCOURSE DRIVE
FORT MEYERS,FL33908 		NONE PUBLIC CHARITABLE 1,000

WGCU

10501 FGCU BLVD SOUTH
FORT MEYERS,FL33965 		NONE PUBLIC CHARITABLE 1,000

WIKIMEDIA FOUNDATION INC

PO BOX 98204
WASHINGTON,DC20090 		NONE PUBLIC CHARITABLE 250

WORLD FOOD PRIZE FOUNDATION

100 LOCUST STREET
DES MOINES,IA50309 		NONE PUBLIC CHARITABLE 10,000

YMCA OF GREATER DES MOINES

501 GRAND AVENUE
DES MOINES,IA50309 		NONE PUBLIC CHARITABLE 1,000
Total .................................right arrow 3a 958,079
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2022)
Form 990-PF (2022)
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 ........... 		    14 15,224  
4 Dividends and interest from securities ....     14 1,605,654  
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 .....     14 550  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -637,853  
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) .. 0 983,575 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
983,575
(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 (2022)
Form 990-PF (2022)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2022)
Additional Data


Software ID:  
Software Version:  


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
2022
Name of the organization
SEHGAL FOUNDATION
 
Employer identification number

42-1477858
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) (2022)
Schedule B (Form 990) (2022) 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
 
10100 CYPRESS COVE DR APT 243
 
FORT MYERS, FL33908

$ 400,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
SUBHASH & SEEMA KSHTRAPAL
 
8450 RIVIERA AVE
 
FORT MYERS, FL33919

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
FRANK BABKA
 
2220 S PLYMOUTH RD 110
 
MINNETONKA, MN55305

$ 5,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
INDIA ASSOCIATION OF MINNESOTA
 
PO BOX 130158
 
ST PAUL, MN55113

$ 6,980


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
DR ARUN MAHESHWARI
 
19713 TESORO WAY
 
FORT MYERS, FL33967

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
6
JAN LEEMANS
 
515 CHEMIN DES VERGERS AU BAUX
 
BEDOIN,   84410FR

$ 20,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)
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
RAJAT JAY AND VEENA SEHGAL
 
13432 LAKE SHORE DRIVE
 
CLIVE, IA50325

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
8
AMAL SRIVASTAVA
 
1207 LANDER STREET
 
RENO, NV89509

$ 12,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
9
PC PRASAD & SV ADVANI
 
13962 SOUTH SHORE DRIVE
 
CLIVE, IA50325

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
10
CHAD & SONU HANSEN
 
14312 MAPLE DR
 
URBANDALE, IA50323

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
11
NORTH SOUTH FOUNDATION
 
332 SOUTH MICHIGAN AVENUE
 
CHICAGO, IL60604

$ 11,000


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
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) (2022)
Schedule B (Form 990) (2022)
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 $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
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) (2022)
Additional Data


Software ID:  
Software Version:  

TY 2022 AccountingFeesSchedule
Name:
SEHGAL FOUNDATION
EIN:
42-1477858
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 4,164 2,082   2,082

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

TY 2022 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 15 FOR ADDITIONAL DETAILS
  		PLOT 34 SECTOR 44
GURGAON   122022
IN 		2022-12-31 735,000 SEE STATEMENT 15 FOR ADDITIONAL DETAILS   NONE     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.

TY 2022 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 GRANTEE'S FYE ENDS MARCH 31 AND ANNUAL REPORTS FOR ALL PROJECTS ARE ISSUED AS OF THIS FYE. GRANT DATED 5/31/2018 - TARUNI DIGITAL LITERACY PROJECT (II) GRANT AMOUNT: 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 A FINAL INSTALLMENT OF INR 5,094,000 (USD $68,288) WAS REMITTED ON 7/29/2020. (III) GRANT PURPOSE: 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. (IV) AND (IV) REPORTS: PRIOR REPORTS FOR THIS PROJECT INDICATE THAT INR 14,490,490 HAD BEEN SPENT AS OF 3/31/2022 AND AN ADDITIONAL INR 2,842,841 WAS SPENT DURING THE 3/31/2023 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. GRANT DATED 3/8/2018 - COLD STORAGE PROJECT (II) GRANT AMOUNT AND (III) GRANT PURPOSE: AS DETAILED IN THE 2021 EXPENDITURE RESPONSIBILITY STATEMENT, THE PLANNED USE OF THE BUILDING OUTLINED IN THE ORIGINAL GRANT CHANGED AND THE GRANTEE PLANNED TO DIVEST OF THE PORTION OF THE BUILDING NO LONGER NEEDED FOR THE INTENDED CHARITABLE USE. UNDER THE TERMS OF THE GRANT AGREEMENT, THE PORTION OF THE TOTAL GRANT (INR 99,434,388) PLUS INTEREST EARNED (INR 5,478,867) THAT IS NO LONGER USED FOR THE CHARITABLE PURPOSE OUTLINED IN THE ORIGINAL GRANT PROPOSAL IS SUBJECT TO REPAYMENT TO THE GRANTOR. GRANTOR AND GRANTEE AGREED TO APPLY THE AMOUNT, INR 71,670,597 TO THE PROGRAM GRANT THAT WAS APPROVED FOR THE GRANTEE'S 3/31/2023 FYE. THE PORTION OF THE BUILDING RETAINED BY THE GRANTEE IS CURRENTLY USED TO FURTHER ITS CHARITABLE PROGRAMS IN RURAL COMMUNITIES IN SOUTHERN INDIA TO INCREASE AGRICULTURAL PRODUCTIVITY, MANAGE WATER RESOURCES, STRENTHEN GRASSROOTS DEMOCRACY, AND FACILITATE CITIZEN PARTICIPATION THROUGH GOOD RURAL GOVERNANCE. (IV) AND (IV) REPORTS: THE GRANTEE'S PROJECT REPORT FOR THE FYE 3/31/2023 INDICATES THAT THE GRANTEE CONTINUES TO USE THE PROPERTY FOR THE CHARITABLE USE OUTLINED ABOVE. GRANT DATED 5/17/2019 - MAY 2019 TRANSFORM LIVES PROJECT (II) GRANT AMOUNT: 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). (III) GRANT PURPOSE: THE PROJECT GRANT WAS IN SUPPORT OF RENOVATING TWELVE GOVERNMENT SCHOOLS IN THE 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. (IV) AND (IV) REPORTS: THE GRANTEE PROVIDED COMBINED REPORTS FOR THE SCHOOLS COVERED UNDER BOTH THE MAY 2019 AND DECEMBER 2019 SCHOOL PROJECT GRANTS. AS OF THE 3/31/2022 GRANT EXPENSES OF INR 58,467,662 HAD BEEN EXPENDED AND THE REMAINING PROJECT FUNDS WERE EXPENDED DURING FYE 3/31/2023. GRANT DATED 12/12/2019 - DECEMBER 2019 TRANSFORM LIVES PROJECT (II) GRANT AMOUNT: 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). (III) GRANT PURPOSE: 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. (IV) AND (IV) REPORTS: THE GRANTEE PROVIDED COMBINED REPORTS FOR THE SCHOOLS COVERED UNDER BOTH THE MAY 2019 AND DECEMBER 2019 SCHOOL PROJECT GRANTS. AS OF THE 3/31/2022 GRANT EXPENSES OF INR 58,467,662 HAD BEEN EXPENDED AND THE REMAINING PROJECT FUNDS WERE EXPENDED DURING FYE 3/31/2023. GRANT DATED 9/21/2020 - IDRF JOINT TRANSFORM LIVES PROJECT (II) GRANT AMOUNT: 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). (III) GRANT PURPOSE: 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 THE CHILDREN WITH DIGITAL LITERACY TRAINING AND LIFE SKILLS EDUCATION. (IV) AND (IV) REPORTS: PRIOR REPORTS FOR THIS PROJECT INDICATE THAT INR 1,272,378 HAD BEEN SPENT AS OF 3/31/2022 AND THE REMAINING PROJECT FUNDS WERE EXPENDED DURING FYE 3/31/2023. GRANT DATED 9/21/2020 - 2020/2021 TRANSFORM LIVES PROJECT (II) GRANT AMOUNT: A PROJECT GRANT IN THE AMOUNT OF INR 42,920,033 WAS APPROVED ON 9/21/2020. THE INITIAL INSTALLMENT OF INR 30,000,000 WAS REMITTED ON 9/23/2020 (USD $407,500) AND THE FINAL INSTALLMENT OF INR 12,920,033 WAS REMITTED ON 5/3/2021 (USD $174,357). (III) GRANT PURPOSE: THE PROJECT GRANT WAS IN SUPPORT OF RENOVATING TWELVE GOVERNMENT SCHOOLS IN THE STATES OF RAJASTHAN, TELANGANA, MAHARASHTRA & HARYANA IN INDIA. THIS INCLUDES INSTALLING RAINWATER HARVESTING SYSTEMS TO PROVIDE POTABLE DRINKING WATER AND PROVIDING THE CHILDREN WITH DIGITAL LITERACY TRAINING AND LIFE SKILLS EDUCATION. (IV) AND (IV) REPORTS: PRIOR REPORTS FOR THIS PROJECT INDICATE THAT INR 42,561,745 HAD BEEN SPENT AS OF 3/31/2022 AND THE REMAINING PROJECT FUNDS WERE EXPENDED DURING FYE 3/31/2023. GRANT DATED 7/6/2021 - BOLSTERING FARMER PRODUCERS ORANIZATIONS (II) GRANT AMOUNT: A PROJECT GRANT IN THE AMOUNT OF USD $94,000 WAS APPROVED ON 7/6/2021 AND THE FUNDS REMITTED ON 8/30/2021 (INR 6,844,140). (III) GRANT PURPOSE: THIS GRANT IS IN SUPPORT OF A LARGER PROJECT TO STRENGTHEN AND ENHANCE 10 FPO'S (FARMER PRODUCER ORGANIZATIONS) ACROSS UTTAR PRADESH AND KARNATAKA. THE FOCUS WILL BE ON BETTER GOVERNANCE AND THE EMPOWERMENT OF WOMEN FARMERS. (IV) AND (IV) REPORTS: PRIOR REPORTS FOR THIS PROJECT INDICATE THAT INR 305,130 HAD BEEN SPENT AS OF 3/31/2022 AND AN AND AN ADDITIONAL INR 3,652,265 WAS SPENT DURING THE 3/31/2023 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. GRANT DATED 8/31/2022- 2022/2023 PROGRAM GRANT (II) GRANT AMOUNT: A PROGRAM GRANT COVERING THE GRANTEE'S FYE 4/1/2022 - 3/31/2023 WAS APPROVED IN MAY 2022. THE TOTAL GRANT WAS INR 162,009,426 AND THE FUNDS WERE REMITTED IN EQUIVALENT USD AS DETAILED BELOW. DATE INR REMITTED USD REMITTED COLD STORAGE RECAPTURE APPLIED 71,670,597 - BARMER UNNATI PROJECT UNSPENT 9,575,653 - COVID-19 RELIEF UNSPENT 69,518 - 10/24/2022 40,397,979 492,926 1/17/2023 40,190,752 495,000 (III) GRANT PURPOSE: 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, STRENTHEN GRASSROOTS DEMOCRACY, AND FACILITATE CITIZEN PARTICIPATION THROUGH GOOD RURAL GOVERNANCE. (IV) AND (IV) REPORTS: THE REPORT FOR THE PROGRAM GRANT INDICATES THAT, AS OF THE END OF THE GRANTEE'S FYE 3/31/2023 INR 1,847,084 OF THE ORIGINAL GRANT REMAINED UNSPENT. THE GRANTOR AND GRANTEE HAVE AGREED TO APPLY THIS AMOUNT TO THE NEW GRANT THAT WAS APPROVED FOR THE GRANTEE'S 3/31/2024 FYE. GRANT DATED 8/31/2022 - 2022/2023 TRANSFORM LIVES PROJECT (II) GRANT AMOUNT: A PROJECT GRANT IN THE AMOUNT OF INR 13,455,311 WAS APPROVED IN AUGUST 2022 AND THE FUNDS WERE REMITTED ON OCTOBER 24, 2022. (III) GRANT PURPOSE: THE PROJECT GRANT WAS IN SUPPORT OF RENOVATING FOUR GOVERNMENT SCHOOLS IN THE STATES OF RAJASTHAN, BIHAR AND TELANGANA IN INDIA. THIS INCLUDES INSTALLING RAINWATER HARVESTING SYSTEMS TO PROVIDE POTABLE DRINKING WATER AND PROVIDING THE CHILDREN WITH DIGITAL LITERACY TRAINING AND LIFE SKILLS EDUCATION. (IV) AND (IV) REPORTS: THE REPORT FOR THIS PROJECT INDICATE THAT INR 12,505,219 HAD BEEN SPENT AS OF 3/31/2023. THE REMAINING FUNDS WILL BE SPENT ON THE PROJECT AND THE GRANTEE WILL CONTINUE TO REPORT ON THE PROJECT UNTIL THE FUNDS ARE EXPENDED. GRANT DATED 8/31/2022- IDRF JOINT TRANSFORM LIVES PROJECT (II) GRANT AMOUNT: A PROJECT GRANT IN THE AMOUNT OF USD $15,803 WAS APPROVED IN AUGUST 2022 AND THE FUNDS REMITTED ON 10/24/2022. THE USD REMITTED CONVERTED TO INR 1,295,143. (III) GRANT PURPOSE: THE PROJECT GRANT WAS IN SUPPORT OF RENOVATING ONE GOVERNMENT SCHOOL IN THE STATE OF RAJASTHAN IN INDIA. THIS INCLUDES INSTALLING RAINWATER HARVESTING SYSTEMS TO PROVIDE POTABLE DRINKING WATER AND PROVIDING THE CHILDREN WITH DIGITAL LITERACY TRAINING AND LIFE SKILLS EDUCATION. (IV) AND (IV) REPORTS: THE REPORT FOR THIS PROJECT INDICATE THAT INR 1,206,241 HAD BEEN SPENT AS OF 3/31/2023. THE REMAINING FUNDS WILL BE SPENT ON THE PROJECT AND THE GRANTEE WILL CONTINUE TO REPORT ON THE PROJECT UNTIL THE FUNDS ARE EXPENDED. GRANT DATED 3/31/2022 - TRANSFORM LIVES - BAGEPALLI

TY 2022 InvestmentsCorpBondsSchedule
Name:
SEHGAL FOUNDATION
EIN:
42-1477858
Name of Bond End of Year Book Value End of Year Fair Market Value
3M CO 2.65% DUE 04-15-2025 14,988 14,341
US BANCORP FIXED 1.375% DUE 07-22-2030 50,687 38,769
TORONTO DOMINION 3.766% DUE 06-06-2025 80,000 77,629
UNITEDHEALTH GROUP INC 4.2% 05-15-2032 98,334 95,201
UNILEVER CAP CORP 1.375% DUE 09-14-2030 REG 75,083 58,772
ABBOTT LABS 1.15% DUE 01-30-2028 51,174 42,566
TRUIST FINL CORP SR MED TERM NTS BOOK 80,000 76,470
WESTPAC BANKING CORPORATION 1.953% 11-20-2028 90,000 76,693
TOYOTA MTR CORP 1.339% DUE 03-25-2026 50,000 44,902
PUBLIC STORAGE 1.95% 11-09-2028 90,106 76,926
COLGATE-PALMOLIVE CO 3.1% DUE 08-15-2027 85,086 80,567
COCA COLA CO 1.45% DUE 06-01-2027 50,081 44,214
CME GROUP INC 2.65% DUE 03-15-2032 94,839 80,048
CITIGROUP INC 3.29% 03-17-2026 95,000 90,464
MASTERCARD INC 2.0% 11-18-2031 89,632 72,501
CHEVRON CORP NEW FIXED 1.141% DUE 05-11-2023 75,000 74,029
MEAD JOHNSON 4.125% DUE 11-15-2025 73,950 68,610
CATERPILLAR FINL 3.6% DUE 08-12-2027 50,051 47,784
MORGAN STANLEY FIXED 1.593% DUE 05-04-2027 75,070 65,870
TEXAS INSTRS INC 1.375% DUE 03-12-2025 25,582 23,359
BURL NORTHN SANTA 7% DUE 12-15-2025 21,886 21,251
NSTAR ELEC CO 1.95% DUE 08-15-2031 BEO 74,632 59,817
NVIDIA CORP 1.55% 06-15-2028 84,783 72,721
JPMORGAN CHASE & CO 4.912% DUE 07-25-2033 85,154 81,318
GENERAL DYNAMICS CORP 2.25% 50,114 41,963
GOLDMAN SACHS GROUP INC 1.992% 75,000 57,218
ERP OPERATING LP 1.85% 08-01-2031 89,561 70,259
HOME DEPOT INC 4.5% 09-15-2032 84,899 83,284
DISNEY WALT CO 3.8% DUE 03-22-2030 83,289 69,858
IBM CORP 4.15% DUE 07-27-2027 BEO 99,870 97,603
INTEL CORP 4.0% 08-05-2029 BEO 84,789 80,993
INTERCONTINENTAL 2.1% DUE 06-15-2030 105,584 81,693
INTERCONTINENTAL EXCHANGE INC 4.0% 25,000 24,177
JOHN DEERE CAPITAL CORP 2.35% 03-08-2027 95,309 86,562
CANADIAN IMPERIAL BANK OF COMM 3.945% DUE 08-04-2025 REG 85,000 83,086
BK NEW YORK MELLON FLTG RT 3.992% DUE 06-13-2028 80,000 76,579
BANK AMER CORP 4.376% 04-27-2028 100,000 95,770
AUTO DATA 1.25% DUE 09-01-2030 49,873 39,203
ROYAL BK CDA 4.24% DUE 08-03-2027 84,999 82,811
S&P GLOBAL INC 1.25% DUE 08-15-2030 49,867 38,593
SALESFORCE.COM INC 1.5% DUE 07-15-2028 49,862 42,725
ARCHER DANIELS FIXED 2.9% DUE 03-01-2032 99,793 86,177
SCHWAB CHARLES CORP NEW 2.3% DUE 05-13-2031 49,903 41,019
APPLE INC 3.25% 08-08-2029 84,951 78,836
ANALOG DEVICES INC 1.7% 10-01-2028 89,899 76,431
AMERN HONDA FIN 2% DUE 03-24-2028 49,966 43,152
AMERIPRISE FINL INC 4.5% 05-13-2032 49,988 48,584
STANLEY BLACK & DECKER INC 3.0% 05-15-2032 99,803 84,668
AMERICAN EXPRESS CO 4.42% 08-03-2033 85,795 80,572
STATE STREET CORP VAR RT 11-18-2027 35,000 31,044
STATE STREET CORP 1.746% 02-06-2026 50,000 46,563
AMAZON COM INC 3.6% 04-13-2032 BEO 99,817 91,823
TARGET CORP 1.95% 01-15-2027 95,023 86,363
ALPHABET INC 1.1% DUE 08-15-2030 49,863 39,296
SIMON PPTY GROUP L FIXED 2.45% 09-13-2029 73,394 62,722
BANK MONTREAL QUE MEDIUM TERM SR NT 80,032 77,689
HONEYWELL INTL INC 1.75% 09-01-2031 49,881 39,623
PRAXAIR INC NT 1.1% 08-10-2030 49,920 38,433
PHARMACIA CORP DEB 6.6 DUE 12-01-2028 28,876 27,467
BERKSHIRE HATHAWAY FIXED 2.875% DUE 03-15-2032 94,967 82,423
PAYPAL HOLDINGS INC 3.9% 06-01-2027 80,046 77,177
PROGRESSIVE CORP OH 2.5% 03-15-2027 99,962 91,837
BANK NOVA SCOTIA B C 2.951% 03-11-2027 95,000 87,608
PRUDENTIAL FINL INC MEDIUM TERM NTS BOOK 1.5% 51,347 45,005

TY 2022 InvestmentsCorpStockSchedule
Name:
SEHGAL FOUNDATION
EIN:
42-1477858
Name of Stock End of Year Book Value End of Year Fair Market Value
LAB CORP AMER HLDGS COM NEW 7,300 13,187
KYTO BIOPHMARACEUTICALS 3,588 3,588
LIVENT CORP COM 17,246 18,558
LANDSTAR SYS INC COM 25,140 23,458
LESLIES INC COM 15,041 9,096
LINDE PLC STOCK MERGER 46,108 46,318
LOCKHEED MARTIN CORP COM 2,806 3,405
LOWES COS INC COM 3,995 4,981
LULULEMON ATHLETICA INC COM 31,729 47,737
LUMENTUM HLDGS INC COM 21,967 11,373
MADISON SQUARE GARDEN SPORTS CORP 24,831 26,400
MARTEN TRANS LTD COM 14,183 16,556
MASCO CORP COM 16,969 19,928
MASTERCARD INC CL A 23,346 28,862
MASTERCARD INC CL A 83,078 156,826
META PLATFORMS INC 35,672 23,827
MC DONALDS CORP COM 62,319 62,457
MERCK & CO INC NEW COM 19,269 26,184
MERCK & CO INC NEW COM 67,077 122,156
METHANEX CORP COM STK 21,041 17,150
O REILLY AUTOMOTIVE INC NEW COM 21,059 29,541
NVIDIA CORP COM 4,598 3,361
NORTHROP GRUMMAN CORP COM 38,375 92,208
NOBLE CORPORATION PLC COM 13,188 13,575
NIKE INC CL B 7,798 5,851
NIKE INC CL B 32,425 72,780
NETFLIX INC COM STK 233,522 195,800
NCINO INC NEW COM 11,888 11,343
NATIONAL BK HLDGS CORP CL A COM STK 16,035 18,132
MSC INDL DIRECT INC CL A COM 24,451 23,938
MOTOROLA SOLUTIONS INC 56,254 91,487
MONTROSE ENVIRONMENTAL GROUP INC COM 20,762 18,954
MID-AMER APT CMNTYS INC COM 25,089 25,275
MICROSOFT CORP COM 154,239 201,689
MICROSOFT CORP COM 72,210 188,019
METTLER-TOLEDO INTL INC COM 22,113 54,927
METLIFE INC COM STK USD0.01 67,863 90,680
KRATOS DEFENSE & SECURITY SOLUTIONS INC 15,623 9,866
KEYSIGHT TECHNOLOGIES INC COM 6,086 28,740
HOLOGIC INC COM 87,221 85,732
KELLOGG CO COM 25,264 25,076
HERITAGE COMM CORP COM STK 16,294 18,070
HERCULES CAPITAL INC 10,507 9,796
HELMERICH & PAYNE INC COM 29,404 36,533
HEALTHSTREAM INC COM STK 5,814 7,377
HEALTHEQUITY INC COM 18,265 19,910
HAWAIIAN ELEC INDS INC COM 24,534 24,775
HANOVER INS GROUP INC COM 22,060 23,648
HALOZYME THERAPEUTICS INC COM 21,153 37,326
HEXCEL CORP NEW COM 17,534 17,420
GLOBAL PMTS INC COM 10,441 14,401
GILEAD SCIENCES INC 2,471 3,434
GENERAL DYNAMICS CORP COM 29,260 29,029
GENERAL DYNAMICS CORP COM 12,264 19,104
GATX CORP COM 7,335 13,612
GARTNER INC COM 31,880 92,439
FRESHPET INC COM 19,602 20,686
FLUOR CORP NEW COM 12,489 19,375
FIVE9 INC COM 15,929 19,272
HILTON GRAND VACATIONS INC COM 20,517 19,000
HOME DEPOT INC COM 53,512 75,806
JPMORGAN CHASE & CO COM 2,375 2,414
JOHNSON & JOHNSON COM USD1 48,750 80,199
JOHNSON & JOHNSON COM 70,816 88,502
JACK IN THE BOX INC COM 14,729 11,394
INTERCONTINENTAL EXCHANGE INC COM 10,819 19,492
INTER PARFUMS INC COM 21,508 28,184
INSPIRE MED SYS INC COM 14,379 23,173
INARI MED INC COM 14,906 11,886
ILLUMINA INC COM 119,532 98,067
IDACORP INC COM 22,345 24,374
ICON PLC COM 49,286 65,657
ICF INTL INC COM STK 14,524 13,173
HOULIHAN LOKEY INC CL A CL A 9,797 16,648
HONEYWELL INTL INC COM STK 53,561 53,575
HONEYWELL INTL INC COM STK 97,092 103,293
ZOETIS INC COM USD0.01 CL 'A' 41,955 76,646
KEYCORP NEW COM 10,972 14,441
ORACLE CORP COM 56,345 98,578
REINSURANCE GROUP AMER INC COM NEW STK 18,158 24,439
UNION PAC CORP COM 52,211 56,944
UBS GROUP AG COMMON STOCK 556 1,139
TRUIST FINL CORP COM 72,465 79,433
TRAVELERS COS INC COM STK 22,054 28,124
TJX COS INC COM NEW 88,048 101,410
TJX COS INC COM NEW 5,715 14,567
TJX COS INC COM NEW 1,807 1,831
THOMSON REUTERS CASH AND STOCK MERGER 47,938 48,252
THERMO FISHER CORP 105,855 108,486
THE CIGNA GROUP 2,321 2,319
UNITED PARCEL SVC INC CL B 5,778 5,389
THE CIGNA GROUP 45,100 88,468
TEXAS INSTRUMENTS INC COM 57,046 59,810
TEXAS CAP BANCSHARES INC DEL COM 15,948 17,429
TESLA INC COM USD0.001 40,588 22,911
TERRENO RLTY CORP 19,731 17,516
TECHNIPFMC PLC COM USD1 14,150 22,405
TANGER FACTORY OUTLET CTRS INC COM 14,020 14,459
TANDEM DIABETES CARE INC COM 18,993 13,620
SYSCO CORP COM 10,190 14,373
SYNOPSYS INC COM 3,879 20,435
SYNEOS HEALTH INC COM 9,442 8,180
SWEETGREEN INC CL A 7,169 3,505
SVENSKA HANDELSBANKEN AB ADR 53,510 52,624
UNITEDHEALTH GROUP INC COM 82,032 133,605
WOODWARD INC COM 13,541 16,714
WILLIS TOWERS WATSON PLC COM 25,640 26,170
WEC ENERGY GROUP INC COM 25,624 26,065
WEC ENERGY GROUP INC COM 9,067 14,627
WASTE MGMT INC DEL COM STK 26,273 29,337
WASTE CONNECTIONS INC COM 44,292 43,877
WALT DISNEY CO 78,523 60,555
UNITEDHEALTH GROUP INC COM 57,410 74,225
VISTEON CORP COM 22,610 29,567
VISA INC COM CL A STK 91,962 147,510
VISA INC COM CL A STK 62,733 73,755
VERIZON COMMUNICATIONS COM 98,611 79,470
VERIZON COMMUNICATIONS COM 38,666 31,441
VERISK ANALYTICS INC COM 29,231 25,934
US BANCORP 83,049 65,110
STIFEL FINL CORP COM 8,781 16,577
STERIS PLC ORD USD0.001 39,253 62,610
STERICYCLE INC COM 12,146 11,824
REPUBLIC SVCS INC COM 12,907 29,281
RENAISSANCE RE HLDGS LTD COM 13,685 17,686
FIRSTCASH HLDGS INC COM 12,645 12,863
REGENERON PHARMACEUTICALS INC COM 27,423 36,075
RAYMOND JAMES FNCL INC COM STK 10,798 23,934
QUALCOMM INC COM 4,878 4,837
QIAGEN NV EUR0.01 25,455 25,234
PROSPERITY BANCSHARES INC COM 23,731 25,293
RESMED INC COM 33,465 68,267
PROLOGIS INC COM 3,514 2,818
PROCTER & GAMBLE COM NPV 53,822 57,290
POWER CORP CDA COM POWER CORPORATION OF CANADA 51,383 36,707
PORTLAND GENERAL ELECTRIC CO COM 14,756 15,190
PHILIP MORRIS INTL COM STK NPV 29,790 30,869
PFIZER INC COM 23,797 27,567
PEPSICO INC COM 61,288 69,554
PAYPAL HLDGS INC COM 110,435 80,479
PAYCOR HCM INC COM 16,324 15,245
PAXTON CORPORATION 585,195 434,308
PACKAGING CORP AMER COM ISIN 7,886 11,640
PROGRESSIVE CORP OH COM 7,368 26,461
RETAIL OPPORTUNITY INVTS CORP COM STK 19,098 17,239
ROPER TECHNOLOGIES INC 32,146 29,814
ROYAL DUTCH SHELL PLC SPONSORED ADR 66,306 67,998
STARBUCKS CORP COM 4,036 3,670
SPROUT SOCIAL INC COM CL A 15,531 15,583
SPIRIT AEROSYSTEMS HLDGS INC CL A 16,418 14,445
SNAP-ON INC COM 11,505 17,137
SKYWORKS SOLUTIONS INC COM 13,852 14,763
SIKA AG ADR 44,348 57,097
SIGNET JEWELERS LTD ORD USD0.18 9,934 8,840
SERVICENOW INC COM USD0.001 123,956 153,755
SENSATA TECHNOLOGIES B V HOLDING 18,655 17,525
SEALED AIR CORP NEW COM STK 12,223 15,812
SCOTTS MIRACLE-GRO CLASS'A'COM NPV 17,079 7,872
SBA COMMUNICATIONS CORP 11,059 13,175
SANOFI SPONSORED ADR 26,851 32,400
SALESFORCE INC COM USD0.001 170,897 134,844
SAIA INC COM STK 14,812 20,129
RTX CORPORATION COMSTK 62,621 102,938
FIRST REP BK SAN FRANCISCO CALIF 25,750 25,963
ADR NN GROUP NV ADR 36,687 40,129
ADR NOVARTIS AG 64,972 81,648
ADR NOVO-NORDISK A S ADR 78,723 105,430
BK HAW CORP COM 27,182 24,587
BIO RAD LABORATORIES INC CL A CL A 7,458 14,297
BERKSHIRE HATHAWAY INC-CL B 36,406 39,848
ADR PERNOD RICARD S A SPONSORED ADR 43,659 54,551
ADR RIO TINTO PLC SPONSORED ADR 64,641 61,161
BELDEN INC COM 14,969 20,563
ADR ROCHE HLDG LTD SPONSORED ADR 45,308 56,376
BLACKROCK INC COM STK 46,577 43,935
BCE INC COM NEW COM NEW 44,007 42,807
BAXTER INTL INC COM 117,870 82,520
ADR SIEMENS AG COM DM50 (NEW) 53,614 61,086
ADR SMURFIT KAPPA GROUP PLC ADR 24,883 32,643
ADR SOFTBANK CORP ADR 44,904 39,555
ADR TESCO PLC SPONSORED ADR NEW 18,634 14,496
ADR TOKIO MARINE HLDGS INC ADR COM STK 61,504 74,598
ADR TOKYO ELECTRON LTD ADR 27,311 29,545
ADR TOTALENERGIES SE SPONSORED ADR 41,044 68,971
ADR SCHNEIDER ELECTRIC SE 84,249 72,752
BOOKING HLDGS INC COM 1,919 2,015
BRISTOL MYERS SQUIBB CO COM 7,379 7,627
ADR LI NING CO LTD ADR 54,307 41,448
CBIZ INC COM 21,393 30,078
CATERPILLAR INC COM 3,889 4,791
ALIGN TECHNOLOGY INC COM 15,355 27,417
ADR LONZA GROUP AG ADR 41,692 32,955
CATALENT INC COM 18,030 8,012
CASELLA WASTE SYS INC CL A COM STK 21,688 20,700
CARPENTER TECHNOLOGY CORP COM 17,749 18,618
CANADIAN PAC RY LTD NAME CHANGE 45,497 114,794
ADR LVMH MOET HENNESSY LOUIS VUITTON ADR 17,835 64,757
CAMDEN PPTY TR SH BEN INT 28,040 24,837
ADR MICHELIN COMPAGNIE GENERALE DES ETABLISSEMENTS 22,881 22,988
CALIX NETWORKS INC COMMON STOCK 13,037 13,344
CALIFORNIA WTR SVC GROUP COM 16,411 17,949
BUMBLE INC COM CL A COM CL A 5,365 4,842
ADR MUNICH RE GROUP ADR 24,180 41,498
ADR NESTLE S A SPONSORED ADR REPSTG REG SH 46,251 66,090
ADR NESTLE S A SPONSORED ADR REPSTG REG SH 46,377 73,241
ADR NIPPON TELEG & TEL CORP SPONSORED ADR 64,171 67,715
BSTN PPTYS INC 15,956 12,300
BROADRIDGE FINL SOLUTIONS INC COM STK 16,180 12,876
BROADCOM INC COM 47,646 105,116
BROADCOM INC COM 10,960 13,419
ADR TOYOTA MTR CORP SPONSORED ADR 49,443 51,627
ADR UNILEVER PLC SPONSORED ADR NEW 6,846 5,740
FIDELITY NATL INFORMATION SVCS INC COM STK 113,389 61,133
ADR UNITED OVERSEAS BK LTD 55,006 79,097
ANSYS INC COM 6,935 17,878
ANALOG DEVICES INC COM 1,507 1,476
AGILYSYS INC COM STK 15,219 32,210
AMGEN INC COM 55,015 59,357
AMERICOLD RLTY TR INC COM 16,602 15,457
AMERICAN WTR WKS CO INC NEW COM 28,271 26,521
AMERICAN TOWER CORP 43,511 43,855
AMERICAN INTERNATIONAL GROUP INC COM 47,673 98,338
AIR LEASE CORP CL A CL A 13,826 14,331
AIRBNB INC CL A COM USD0.0001 CL A 173,463 95,760
AKAMAI TECHNOLOGIES INC COM STK 12,926 11,802
AMERICAN EAGLE OUTFITTERS INC 8,098 9,395
AMAZON COM INC COM 53,332 43,008
AMAZON COM INC COM 512,156 288,204
ALAMO GROUP INC COM 20,244 20,107
ALBANY INTL CORP NEW CL A 13,370 15,577
ALTRIA GROUP INC COM 36,507 36,751
ALBEMARLE CORP COM 8,341 22,770
ALCON AG COM USD0.04 WI 61,474 74,377
ALPHABET INC CAPITAL STOCK CL A 78,038 82,936
ALPHABET INC CAP STK USD0.001 CL C 118,129 230,254
AON PLC 22,576 29,414
ADR LASERTEC CORP ADR 55,421 43,513
AON PLC 70,130 88,841
APPLE INC COM STK 91,619 166,960
AZEK CO INC CL A CL A 18,621 16,866
AXONICS INC COM 22,577 25,575
AVALONBAY CMNTYS REIT 25,485 25,359
AUTOMATIC DATA PROCESSING INC COM 43,284 42,756
AUTODESK INC COM 118,257 126,324
ADR UPM KYMMENE CORP ADR 28,377 38,763
ATRICURE INC COM STK 15,048 15,622
ATLASSIAN CORP CL A 123,098 59,450
ADR VALE S A ADR 43,007 51,742
AT&T INC COM 16,482 16,716
ADR VEOLIA ENVIRONNEMENT SPONSORED ADR 21,202 24,746
ADR VOLVO AB ADR 28,791 23,037
ASSURANT INC COM 28,953 24,637
ASHLAND INC COM 21,562 24,302
ASE TECHNOLOGY HOLDING CO LTD 16,710 22,114
ARROW ELECTR INC COM 13,802 18,718
ARCOSA INC COM 12,933 12,607
ADR XINYI GLASS HLDGS LTD ADS REPSTG 20 SHS . 15,652 11,750
ARCHER-DANIELS-MIDLAND CO COM 42,193 102,785
ADR ZURICH INS GROUP LTD SPONSORED 45,075 75,595
APPLIED MATERIALS INC COM 1,971 1,558
APPLIED MATERIALS INC COM 4,661 11,393
AGILENT TECHNOLOGIES INC COM 7,714 23,944
ADR ICICI BK LTD 45,258 43,889
DARDEN RESTAURANTS INC COM 10,260 24,346
DOLLAR TREE INC COM STK 47,002 85,713
EXXON MOBIL CORP COM 62,135 90,115
DOLLAR GEN CORP NEW COM 74,246 83,479
ACCENTURE PLC SHS CL A NEW 33,581 77,650
DOCUSIGN INC COM 100,019 45,666
ACCENTURE PLC SHS CL A NEW 59,332 120,078
ACTIVISION BLIZZARD INC COM STK 10,336 17,300
DISCOVER FINL SVCS COM STK 58,157 68,579
DEUTSCHE POST AG SPONSORED ADR 46,497 43,350
DESCARTES SYS GROUP INC COM 17,138 23,054
DENTSPLY SIRONA INC COM 10,913 7,992
ADOBE SYS INC COM 102,463 187,784
ADOBE SYS INC COM 7,946 9,086
ADR 3I GROUP ADR 51,614 49,263
ADR IBERDROLA S A SPONSORED ADR REPSTG 1ORD SHS 27,724 28,056
FERGUSON PLC ORD GBP0.10 56,717 48,756
ADR ADR SONIC HEALTHCARE SPON ADR EACH REP 1 ORD SHS 16,929 21,574
DANAHER CORP COM 8,610 8,759
D R HORTON INC COM 9,458 29,416
CVS HEALTH CORP COM 48,943 76,229
CVS HEALTH CORP COM 4,281 4,473
CUMMINS INC 9,026 16,233
DOUBLEVERIFY HLDGS INC COM 17,627 15,833
CSX CORP COM STK 6,452 15,676
EXPERIAN PLC 51,404 89,669
ACCENTURE PLC SHS CL A NEW 63,003 63,775
ABBOTT LAB COM 98,152 133,834
ABBOTT LAB COM 63,804 65,215
EPAM SYS INC COM STK 89,710 62,926
EOG RESOURCES INC COM 2,117 2,331
ESSEX PPTY TR REIT 24,827 25,218
ENTEGRIS INC COM 21,371 12,265
3M CO COM 39,997 29,260
ELI LILLY & CO COM 29,489 74,997
ELEVANCE HEALTH INC 4,041 4,617
ELECTR ARTS COM 26,572 26,513
EDISON INTL COM 80,324 86,650
EASTMAN CHEM CO COM 7,954 9,773
EASTERN BANKSHARES INC COM 17,353 14,628
EVERGY INC COM NPV 25,214 25,172
DYCOM INDS INC COM 15,102 16,474
DUPONT DE NEMOURS INC COMMON STOCK 75,766 88,190
#REORG/LINDE PLC STOCK MERGER LINDE PLC 62,104 61,648
#REORG/BLACK MERGER BLACK 09-05-2023 9,848 14,697
DOVER CORP COM USD1.00 6,257 13,676
DOVER CORP COM USD1.00 104,713 91,131
EQTY RESDNTL EFF 5/15/02 69,180 68,735
ADR ADYEN N V ADR 74,156 57,781
CISCO SYSTEMS INC 11,323 11,148
CISCO SYSTEMS INC 41,618 81,036
CHUBB LTD ORD 36,595 40,590
ADR COMPAGNIE DE ST GOBAIN ADR 33,434 34,687
ADR CSL LTD SPONSORED ADR 27,510 70,521
CHEMED CORP NEW COM 25,788 26,542
ADR DEUTSCHE TELEKOM AG SPONSORED ADR 36,969 41,958
ADR DNB BK ASA SPONSORED ADR 56,592 52,529
CHART INDS INC COM 11,705 9,334
CERTARA INC COM 14,708 12,165
CENCORA INC 8,078 15,908
CDW CORP COM 26,897 27,144
CBRE GROUP INC CL A CL A 9,734 24,242
CBOE GLOBAL MARKETS INC 24,994 24,969
ADR DSV A/S ADR UNSP EACH REPR 0.5 12,826 43,347
ADR ENEL SOCIETA PER AZIONI ADR 15,811 10,680
ADR EVOLUTION AB ADR UNSP ADR EACH REPR 1 ORD 105,731 63,798
FERRARI N V FERRARI N V COMMON STOCK 61,475 82,475
ADR COCA-COLA FEMSA S.A.B DE C.V. 40,284 46,430
CRYOPORT INC COM 30,010 14,956
ADR BRITVIC PLC SPONSORED ADR 20,319 25,051
ADR BNP PARIBAS SPONSORED ADR REPSTG 30,243 40,057
ADR AIA GROUP LTD SPONSORED ADR 42,484 76,464
COTERRA ENERGY INC COM 7,914 27,125
ADR ASM INTERNATIONAL NV ASM 58,642 43,250
CONOCOPHILLIPS COM 24,139 86,612
CONOCOPHILLIPS COM 5,570 6,962
CONAGRA BRANDS INC COM USD5 74,763 99,227
ADR BRIT AMERN TOB PLC SPONSORED 45,541 46,177
COMCAST CORP NEW-CL A 7,665 6,959
COLGATE-PALMOLIVE CO COM 27,201 29,625
ADR ASML HLDG NV NY REG 2012 (POST REV SPLIT) 25,298 78,682
COGNIZANT TECH SOLUTIONS CORP CL A 76,845 75,376
COCA COLA CO COM 22,312 28,370
ADR ASTRAZENECA PLC SPONSORED 73,901 74,716
CMS ENERGY CORP COM 26,751 25,839
ADR ATLAS COPCO AB SPONSORED 22,995 41,642
CITIGROUP INC COM 1,628 1,628
ADR BAE SYS PLC SPONSORED ADR 38,348 63,049
COMCAST CORP NEW-CL A 82,729 83,473
ABBVIE INC COM USD0.01 16,374 19,070

TY 2022 InvestmentsGovtObligationsSch
Name:
SEHGAL FOUNDATION
EIN:
42-1477858
US Government Securities - End of Year Book Value:

2,742,790
US Government Securities - End of Year Fair Market Value:

2,632,060
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2022 InvestmentsOtherSchedule2
Name:
SEHGAL FOUNDATION
EIN:
42-1477858
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MFO VANGUARD INFLATION PROTECTED SECURITIES FUND ADMIRAL AT COST 1,189,222 1,026,491
MFO DFA INVT DIMENSIONS GROUP INC REAL ESTATE SECS PORTFOLIO AT COST 941,207 922,784
LS POWER EQUITY PTRS II PIE LP AT COST 105,934 24,039
MFO DFA INVT DIMENSIONS GROUP EMERGING MKTS CORE EQUITY AT COST 1,321,727 1,147,891
MFO BLACKROCK FDS V HIGH YIELD BD PORT INSTLCL AT COST 1,819,111 1,588,936
MFC SPDR DOW JONES INDL AVERAGE ETF TR UNIT SER 1 AT COST 6,756,057 10,576,054
MFC FLEXSHARES TRUST STOXX GLOBAL BROAD INFRASTRUCTURE IDX AT COST 1,606,521 1,741,817
MFC FLEXSHARES TRUST HIGH YIELD VALUE SCORED BOND INDEX FUND AT COST 1,788,184 1,589,098
MFC FLEXSHARES TR MORNINGSTAR GLOBAL UPSTREAM NAT RES INDEX FD AT COST 1,340,335 1,941,935
LS POWER IV FEEDER 2, LP AT COST 7,094,288 10,077,628
LS POWER FUND III FEEDER 2 LP AT COST 1,415,082 3,430,178

TY 2022 OtherExpensesSchedule
Name:
SEHGAL FOUNDATION
EIN:
42-1477858
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER PORFOLIO EXPENSES FROM PASSTHROUGHS 31,256 31,256   0
PAYROLL SERVICE FEE 1,876 0   1,876
POSTAGE AND SHIPPING 1,102 0   1,102
OFFICE EXPENSE 100 0   100
BANK FEES 173 0   173
FUNDRAISING EXPENSE 40,973 0   40,973
OFFICE INSURANCE 390 0   390
INTERNET SERVICE FEE 2,824 0   2,824
MEMBERSHIP FEES 5,000 0   5,000
COMPUTER EXPENSE 2,946 0   2,946


TY 2022 OtherIncomeSchedule2
Name:
SEHGAL FOUNDATION
EIN:
42-1477858
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
BLACKROCK SERVICE FEE REBATE 532 532 532
BOOK SALES 18 18 18


TY 2022 OtherIncreasesSchedule
Name:
SEHGAL FOUNDATION
EIN:
42-1477858
Description Amount
BOOK TO TAX TIMING DIFFERENCES 17,370


TY 2022 OtherProfessionalFeesSchedule
Name:
SEHGAL FOUNDATION
EIN:
42-1477858
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
NORTHERN TRUST 333,953 333,953   0
CONSULTING FEES 119,830 0   119,830


TY 2022 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 33,283 33,283   0
PAYROLL TAXES 18,511 0   18,511
FEDERAL TAXES 15,000 0   0