Sehgal Foundation
- Assets
- $7.0k
- Revenue
- $92.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 01/2020
- Data as of
- 12/2021
- EIN
- 84-3912292
Organization Overview
Sehgal Foundation is located in Los Altos, CA. The organization was established in 2020. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sehgal Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDS TO OTHER CHARITABLE ORGANIZATIONS IN VARIOUS FIELDS
PROVIDE FUNDS TO OTHER CHARITABLE ORGANIZATIONS IN VARIOUS FIELDS
PROVIDE FUNDS TO OTHER CHARITABLE ORGANIZATIONS IN VARIOUS FIELDS
PROVIDE FUNDS TO OTHER CHARITABLE ORGANIZATIONS IN VARIOUS FIELDS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vikas Sehgal Co-Ceo | 1 | $0 | |
Vikram Sehgal Co-Ceo | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $37,135 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,878 |
| Capital Gain Net Income | $54,878 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $92,013 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $878 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $704 |
| Total operating and administrative expenses | $2,232 |
| Contributions, gifts, grants paid | $90,000 |
| Total expenses and disbursements | $92,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,946 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,029 |
| Total assets | $6,975 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Sehgal Foundation has awarded $98,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OMPRAKASH FOUNDATION PURPOSE: SUPPORT FOR TECHNOLOGY HIGHER EDUCATION | $88,000 |
Milpitas, CA PURPOSE: SUPPORT FOR SOCIAL, CULTURAL, EDUCATIONAL AND OTHER COMMUNITY PROGRAMS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Snap Foundation Santa Monica, CA | $165,494,601 | $537,573 |
John Pritzker Family Fund Redwood City, CA | $7,615,053 | $13,500,772 |
Newton And Rochelle Beckercharitable Trust Larkspur, CA | $179,394,273 | $14,820,252 |
Katie Mcgrath & J J Abrams Family Foundation Encino, CA | $5,090,305 | $12,922,680 |
Chuck Lorre Family Foundation Los Angeles, CA | $141,428,582 | $34,550,743 |
San Francisco Pretrial Diversion Project San Francisco, CA | $1,963,286 | $8,653,584 |
Elizabeth R & William J Patterson Foundation San Anselmo, CA | $0 | $2,038,322 |
Quest Foundation Danville, CA | $120,069,342 | $12,892,793 |
S Mark Taper Foundation Los Angeles, CA | $110,679,604 | $17,411,120 |
Moreno Family Foundation Phoenix, AZ | $117,327,204 | $12,846,787 |
William S And Nancy E Thompson Foundation Newport Beach, CA | $84,169,133 | $9,975,811 |
The Lakeview Foundation Greenbrae, CA | $2,321,091 | $1,301,410 |