Sehgal Foundation
- Assets
- $54.1m
- Revenue
- $3.9m
- Investments
- $49.5m
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 06/1999
- Data as of
- 12/2021
- EIN
- 42-1477858
Organization Overview
Sehgal Foundation is located in Des Moines, IA. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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.
For the year ending 12/2021, Sehgal Foundation generated $3.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Sehgal Foundation has awarded 59 individual grants totaling $4,389,441. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Sehgal Executive VP | 40 | $173,470 | |
Kenai K Sehgal Director | 0 | $0 | |
Ryan Clutter Director | 0 | $0 | |
Bernd U Sehgal Director | 0 | $0 | |
Oliver S Sehgal Director | 0 | $0 | |
Vicki D Sehgal Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Haki Consulting | 12/30/20 | $67,432 |
Northern Trust | 12/30/20 | $341,074 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,427,237 |
| Interest on Savings | $35 |
| Dividends & Interest | $1,297,369 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,162,014 |
| Capital Gain Net Income | $1,162,014 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,254 |
| Total Revenue | $3,887,909 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $172,558 |
| Other employee salaries and wages | $129,630 |
| Pension plans, employee benefits | $58,965 |
| Interest | $0 |
| Taxes | $78,741 |
| Depreciation | $0 |
| Occupancy | $10,014 |
| Travel, conferences, and meetings | $3,475 |
| Printing and publications | $0 |
| Other expenses | $32,699 |
| Total operating and administrative expenses | $801,710 |
| Contributions, gifts, grants paid | $2,411,805 |
| Total expenses and disbursements | $3,213,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,547,384 |
| 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 | $23,615,970 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $54,060,488 |
| Accounts payable and accrued expenses | $16,404 |
| 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 | $16,404 |
Grants Awarded
Over the last fiscal year, Sehgal Foundation has awarded $2,411,805 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
S M SEHGAL FOUNDATION PURPOSE: CHARITABLE | $2,292,152 |
San Francisco, CA PURPOSE: CHARITABLE | $30,000 |
Urbandale, IA PURPOSE: CHARITABLE | $15,000 |
ALLIANCE FOR THE GREAT LAKES PURPOSE: CHARITABLE | $10,000 |
KT'S KIDS PURPOSE: CHARITABLE | $10,000 |
INTERNATIONAL MOUNTAIN BIKING ASSOCIATION PURPOSE: CHARITABLE | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Sehgal Foundation has recieved totaling $95,500.
| Awarding Organization | Amount |
|---|---|
India Development And Relief Fund Inc North Bethesda, MD PURPOSE: health | $81,000 |
North South Foundation Burr Ridge, IL | | $12,500 |
Rao Family Foundation Chapel Hill, NC PURPOSE: GENERAL DONATION | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Roger And Susan Stone Family Foundation Northbrook, IL | $23,476,805 | $8,385,528 |
Galashiels Fund Ltd Northbrook, IL | $154,593,436 | $48,314,988 |