BETA

THE LORRAINE & GERARD SEELIG FOUNDA: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
THE LORRAINE & GERARD SEELIG FOUNDA (EIN 52-1618637)
Tax period
2021-12-01 to 2022-11-30
Filed
2023-03-31
IRS object ID
202310909349100811
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-03-31T14:28:51-05:00ReturnTs
Tax Period End2022-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Greenstein Rogoff Olsen & Co LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line139159 Paseo Padre Pkwy Ste 315AddressLine1Txt
CityFremontCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94538ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN521618637EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE LORRAINE & GERARD SEELIG FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% GERARD SEELIGInCareOfNm
Business Name ControlLORRBusinessNameControlTxt
Phone6503210234PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1620 SANDHILL ROAD 327DAddressLine1Txt
CityPALO ALTOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94304ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGERARD SEELIGPersonNm
Person TitlePRINCIPALPersonTitleTxt
Phone6503210234PhoneNum
Signature2023-03-31SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstGERARDPersonFirstNm
Person LastSEELIGPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSteven Singer CPAPreparerPersonNm
PTINP00739972PTIN
Phone5107978661PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$409,646FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$20,191DividendsRevAndExpnssAmt
Dividends Net Invst Incm$20,191DividendsNetInvstIncmAmt
Dividends Adj Net Incm$20,191DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$12,886NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$47,578GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$12,885CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$33,077TotalRevAndExpnssAmt
Total Net Invst Incm$33,076TotalNetInvstIncmAmt
Total Adj Net Incm$20,191TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Accounting Fees Rev And Expnss$7,000AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$700AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$6,300AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$3,809OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$3,809OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$3,110TaxesRevAndExpnssAmt
Taxes Net Invst Incm$110TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$13,919TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$4,619TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$6,300TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$43,355ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$43,355ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$57,274TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$4,619TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$49,655TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$24,197ExcessRevenueOverExpensesAmt
Net Investment Income$28,457NetInvestmentIncomeAmt
Adjusted Net Income$20,191AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$16,526CashBOYAmt
Cash EOY$9,692CashEOYAmt
Cash EOYFMV$9,692CashEOYFMVAmt
Corporate Stock BOY$324,014CorporateStockBOYAmt
Corporate Stock EOY$306,651CorporateStockEOYAmt
Corporate Stock EOYFMV$399,954CorporateStockEOYFMVAmt
Total Assets BOY$340,540TotalAssetsBOYAmt
Total Assets EOY$316,343TotalAssetsEOYAmt
Total Assets EOYFMV$409,646TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$400,000CapitalStockBOYAmt
Capital Stock EOY$400,000CapitalStockEOYAmt
Retained Earning BOY-$59,460RetainedEarningBOYAmt
Retained Earning EOY-$83,657RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$340,540TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$316,343TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$340,540TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$316,343TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$340,540TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$24,197ExcessRevenueOverExpensesAmt
Subtotal$316,343SubtotalAmt
Tot Net Ast Or Fund Balances EOY$316,343TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (7 entries)

PropertyPropertyDescAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
HEALTH CARE SELECT SPDR2015-03-232022-06-08$6,578$3,748$2,830$2,830
AMER FUNDS AMERICAN BALANCED FUND CL F22017-07-032022-06-08$9,000$7,709$1,291$1,291
OAKMARK FUND CL INSTL2012-01-102022-06-08$7,000$2,777$4,223$4,223
OAKMARK FUND CL INSTL2012-01-102022-09-06$102$43$59$59
OAKMARK FUND CL INSTL2012-01-102022-09-06$4,898$2,072$2,826$2,826
MATTHEWS ASIA DIVIDEND FUND CL INSTL2011-09-132022-09-06$7,000$6,714$286$286
LOOMIS SAYLES STRATEGIC INC FD CL Y2009-01-132022-09-06$13,000$11,630$1,370$1,370
FieldValueIRS element (for citing)
Capital Gain Net Income$12,885CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$396InvestmentIncomeExciseTaxAmt
Subtotal$396SubtotalAmt
Tax Based On Investment Income$396TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,520EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$1,520TotalPaymentsAndCreditsAmt
Overpayment$1,124OverpaymentAmt
Applied To ES Tax$450AppliedToESTaxAmt
Refund$674RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNJOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1GERARD SEELIGBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6503210234PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1620 SANDHILL ROAD APT 327DAddressLine1Txt
CityPALO ALTOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94304ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
GERARD SEELIG
620 SANDHILL ROAD 327DPALO ALTOCA94304PRINCIPAL0$0$0$0
CAROL SEELIG EASTMAN
620 SANDHILL ROAD 327DPALO ALTOCA94304VICE-PRESIDENT, SECRETARY0$0$0$0
TINA SEELIG
620 SANDHILL ROAD 327DPALO ALTOCA94304VICE-PRESIDENT0$0$0$0
ROBERT SEELIG
620 SANDHILL ROAD 327DPALO ALTOCA94304VICE-PRESIDENT1.0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$431,220AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$12,801AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$444,021TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$444,021AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$6,660CashDeemedCharitableAmt
Net Vl Noncharitable Assets$437,361NetVlNoncharitableAssetsAmt
Minimum Investment Return$21,868MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$21,868MinimumInvestmentReturnAmt
Tax Based On Investment Income$396TaxBasedOnInvestmentIncomeAmt
Total Tax$396TotalTaxAmt
Distributable Before Adj$21,472DistributableBeforeAdjAmt
Distributable Before Ded$21,472DistributableBeforeDedAmt
Distributable As Adjusted$21,472DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$49,655ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$49,655QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$21,472DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12019PriorYear1Yr
Prior Year22018PriorYear2Yr
Prior Year32017PriorYear3Yr
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$11,195ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$9,268ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$14,606ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$10,325ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$63,370ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$108,764TotalExcessDistributionCyovAmt
Qualifying Distributions$49,655QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$21,472AppliedToCurrentYearAmt
Remaining Distri From Corpus$28,183RemainingDistriFromCorpusAmt
Total Corpus$136,947TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$11,195ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$125,752ExcessDistriCyovToNextYrAmt
Excess From Year4$9,268ExcessFromYear4Amt
Excess From Year3$14,606ExcessFromYear3Amt
Excess From Year2$10,325ExcessFromYear2Amt
Excess From Year1$63,370ExcessFromYear1Amt
Excess From Current Year$28,183ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerGERARD SEELIGContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
FRIENDSHIP SHELTER INC
PO BOX 4252LAGUNA BEACHCA92652PCCULTURAL$40,000
OPERA SAN JOSE
2149 PARAGON DRIVESAN JOSECA95131PCCULTURAL$2,000
ST JOSEPH'S INDIAN SCHOOL
1301 NORTH MAIN STREETCHAMBERLAINSD57325PCEDUCATIONAL$75
American Beethoven Society
One Washington SquareSan JoseCA95192PCcultural$100
THE JEWISH PLAY PROJECT
53 Lefferts AvenueBrooklynNY11225PCCULTURAL$180
ALZHEIMER'S ASSOCIATION OF NORTHERN CALIFORNIA
2290 N First St 101SAN JOSECA95131PCCULTURAL$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$43,355TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp
Int On Sav And Temp Cash InvstIntOnSavAndTempCashInvstGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$20,191ExclusionAmt

Net Rntl Incm Re Debt Fincd Prop NetRntlIncmReDebtFincdPropGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
FieldValueIRS element (for citing)
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$12,886ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$33,077ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$33,077TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Depreciation Schedule DepreciationSchedule

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryADVISORY FEECategoryTxt
Amt$3,809Amt
Net Investment Income$3,809NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FEDERAL EXCISE TAX$3,000
FOREIGN INCOME TAXES$110$110

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.