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← BLANCHE EBERT SEAVER TRUST FOR FRANK R SEAVER COLLEGE

Form 990 for tax year 2024

Filed by BLANCHE EBERT SEAVER TRUST FOR FRANK R SEAVER COLLEGE.

Totals

Total revenue
$9,018,440
Total expenses
$10,211,230
Contributions and grants received
$0
Grants paid
$8,346,885
Program service revenue
$0
Investment income
$8,194,324
Other revenue
$824,116
Total assets, end of year
$104,510,312
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$104,510,312
Program services expenses (Part IX)
$9,143,140
Management and general expenses
$1,068,090
Fundraising expenses
$0
Program service expenses (Part III)
$9,143,140

Program services were 89.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $2,556,079 · excluded $2,556,079

  • 7a · Gross sales of assets other than inventory

    securities $13,874,859

  • 7b · Less cost or other basis and sales expenses

    securities $8,236,614

  • 7c · Gain or loss

    securities $5,638,245

  • 7d · Net gain or loss

    total $5,638,245 · excluded $5,638,245

  • 11a · Other revenue: FEDERAL REFUND

    total $98,321 · related or exempt $98,321

  • 11b · Other revenue: MAKENA CAPITAL ASSOCIATES LP

    total $661,383 · related or exempt $571,958 · unrelated business $89,425

  • 11c · Other revenue: BLACKSTONE COF IV FEEDER FUND

    total $167,992 · related or exempt $167,992

  • 11e · Other revenue, total

    $824,116

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,346,885 · program services $8,346,885

  • 5 · Compensation of officers, directors and key employees

    total $1,632,999 · program services $794,990 · management and general $838,009

  • 11c · Fees: accounting

    total $2,500 · program services $1,250 · management and general $1,250

  • 11f · Fees: investment management

    total $0 · management and general $0

  • 11g · Fees: other

    total $0 · management and general $0

  • 24a · Other expenses: FOREIGN TAX ON INVESTMENT

    total $105,653 · management and general $105,653

  • 24b · Other expenses: 990-T FEDERAL ESTIMATES

    total $122,097 · management and general $122,097

  • 24c · Other expenses: P/Y TAX DUE

    total $1,030 · management and general $1,030

  • 24d · Other expenses: CLASS ACTION FILING FEE

    total $51 · management and general $51

  • 24e · All other expenses

    total $15 · program services $15

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,193,666 · end of year $562,057

  • 11 · Investments: publicly traded securities

    beginning of year $82,042,542 · end of year $78,490,019

  • 15 · Other assets

    beginning of year $23,992,711 · end of year $25,458,236

  • 29 · Capital stock, trust principal or current funds

    beginning of year $107,228,919 · end of year $104,510,312

Mission and programs · 2024

Mission

TO SUPPORT PEPPERDINE UNIVERSITY

  • GRANT PAID TO SUPPORTED ORGANIZATION - PEPPERDINE UNIVERSITY

    Expenses $9,143,140 · Grants $8,346,885

As filed on the 2024 return.

Listed in Part VII

  • R Carlton Seaver

    CO-TRUSTEE

    Total calculated
    $125,630
    From this org
    $125,630
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Myron E Harpole

    CO-TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Christopher Seaver

    CO-TRUSTEE

    Total calculated
    $125,630
    From this org
    $125,630
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Northern Trust N A

    CO-TRUSTEE

    Total calculated
    $1,381,740
    From this org
    $1,381,740
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202503189349303390

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