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THE LORRAINE & GERARD SEELIG FOUNDA: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
THE LORRAINE & GERARD SEELIG FOUNDA (EIN 52-1618637)
Tax period
2020-12-01 to 2021-11-30
Filed
2022-04-08
IRS object ID
202240989349100524
Schema version
2020v4.1
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)
Return2022-04-08T14:58:32-05:00ReturnTs
Tax Period End2021-11-30TaxPeriodEndDt

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 Begin2020-12-01TaxPeriodBeginDt

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
ZIP94034ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGERARD SEELIGPersonNm
Person TitlePRINCIPALPersonTitleTxt
Phone6503210234PhoneNum
Signature2022-04-08SignatureDt
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)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$491,160FMVAssetsEOYAmt
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$12,201DividendsRevAndExpnssAmt
Dividends Net Invst Incm$12,201DividendsNetInvstIncmAmt
Dividends Adj Net Incm$12,201DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$45,479NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$83,393GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$45,479CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$57,680TotalRevAndExpnssAmt
Total Net Invst Incm$57,680TotalNetInvstIncmAmt
Total Adj Net Incm$12,201TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Accounting Fees Rev And Expnss$8,510AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$851AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$7,659AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$3,724OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$3,724OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$409TaxesRevAndExpnssAmt
Taxes Net Invst Incm$61TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$12,643TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$4,636TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$7,659TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$81,079ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$81,079ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$93,722TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$4,636TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$88,738TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$36,042ExcessRevenueOverExpensesAmt
Net Investment Income$53,044NetInvestmentIncomeAmt
Adjusted Net Income$12,201AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$23,857CashBOYAmt
Cash EOY$16,526CashEOYAmt
Cash EOYFMV$16,526CashEOYFMVAmt
Corporate Stock BOY$352,725CorporateStockBOYAmt
Corporate Stock EOY$324,014CorporateStockEOYAmt
Corporate Stock EOYFMV$474,634CorporateStockEOYFMVAmt
Total Assets BOY$376,582TotalAssetsBOYAmt
Total Assets EOY$340,540TotalAssetsEOYAmt
Total Assets EOYFMV$491,160TotalAssetsEOYFMVAmt
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-$23,418RetainedEarningBOYAmt
Retained Earning EOY-$59,460RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$376,582TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$340,540TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$376,582TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$340,540TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$376,582TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$36,042ExcessRevenueOverExpensesAmt
Subtotal$340,540SubtotalAmt
Tot Net Ast Or Fund Balances EOY$340,540TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)

PropertyPropertyDescAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
ISHARES RUSSELL 10002007-10-302021-05-04$25,292$6,309$18,983$18,983
HEALTH CARE SELECT SPDR2015-03-232021-05-28$12,417$7,497$4,920$4,920
SECTOR SPDR UTILITIES2011-09-132021-05-28$6,521$3,307$3,214$3,214
ISHARES TR RUSSELL 20002015-03-232021-08-19$15,846$9,450$6,396$6,396
SECTOR SPDR INDUSTRIAL2011-09-132021-08-19$15,318$4,550$10,768$10,768
FPA CRESCENT FUND2014-04-012021-08-19$8,000$6,802$1,198$1,198
FieldValueIRS element (for citing)
Capital Gain Net Income$45,479CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$737InvestmentIncomeExciseTaxAmt
Subtotal$737SubtotalAmt
Tax Based On Investment Income$737TaxBasedOnInvestmentIncomeAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Es Penalty$3EsPenaltyAmt
Tax Due$740TaxDueAmt

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
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 ALTOCA94034PRINCIPAL0$0$0$0
CAROL SEELIG EASTMAN
620 SANDHILL ROAD 327DPALO ALTOCA94034VICE-PRESIDENT, SECRETARY0$0$0$0
TINA SEELIG
620 SANDHILL ROAD 327DPALO ALTOCA94034VICE-PRESIDENT0$0$0$0
ROBERT SEELIG
620 SANDHILL ROAD 327DPALO ALTOCA94034VICE-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$509,573AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$20,482AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$530,055TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$530,055AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$7,951CashDeemedCharitableAmt
Net Vl Noncharitable Assets$522,104NetVlNoncharitableAssetsAmt
Minimum Investment Return$26,105MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$26,105MinimumInvestmentReturnAmt
Tax Based On Investment Income$737TaxBasedOnInvestmentIncomeAmt
Total Tax$737TotalTaxAmt
Distributable Before Adj$25,368DistributableBeforeAdjAmt
Distributable Before Ded$25,368DistributableBeforeDedAmt
Distributable As Adjusted$25,368DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$88,738ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$88,738QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$0PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$88,738AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$25,368DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12018PriorYear1Yr
Prior Year22017PriorYear2Yr
Prior Year32016PriorYear3Yr
Excess Distribution Cyov Yr5$7,695ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$11,195ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$9,268ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$14,606ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$10,325ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$53,089TotalExcessDistributionCyovAmt
Qualifying Distributions$88,738QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$25,368AppliedToCurrentYearAmt
Remaining Distri From Corpus$63,370RemainingDistriFromCorpusAmt
Total Corpus$116,459TotalCorpusAmt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$7,695ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$108,764ExcessDistriCyovToNextYrAmt
Excess From Year4$11,195ExcessFromYear4Amt
Excess From Year3$9,268ExcessFromYear3Amt
Excess From Year2$14,606ExcessFromYear2Amt
Excess From Year1$10,325ExcessFromYear1Amt
Excess From Current Year$63,370ExcessFromCurrentYearAmt
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 (9 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
FRIENDSHIP SHELTER INC
PO BOX 4252LAGUNA BEACHCA92652PCCULTURAL$25,000
OPERA SAN JOSE
2149 PARAGON DRIVESAN JOSECA95131PCCULTURAL$5,000
ST JOSEPH'S INDIAN SCHOOL
1301 NORTH MAIN STREETCHAMBERLAINSD57325PCEDUCATIONAL$50
TURN 2 U Inc
44 Tehama StSan FranciscoCA941053110PCeducational$25,000
Silicon Valley League - San Francisco Symphony
201 Van Ness AveSan FranciscoCA94102PCCULTURAL$704
American Beethoven Society
One Washington SquareSan JoseCA95192PCcultural$100
Community School for Music and Arts
230 San Antonio CirMountain ViewCA94040cultural$25,000
AARP Foundation
601 E St NW 4th FloorWashingtonDC20049PCcaring$25
BAY AREA FRIENDSHIP CIRCLE
3921 Fabian WayPalo AltoCA94303PCeducational$200
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$81,079TotalGrantOrContriPdDurYrAmt

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

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$12,201ExclusionAmt

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 Incm Part VIIOtherInvestmentIncmPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$45,479ExclusionAmt
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$57,680ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$57,680TotalIncomeProducingActyAmt

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$3,724Amt
Net Investment Income$3,724NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FEDERAL EXCISE TAX$348
FOREIGN INCOME TAXES$61$61

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