Under true GPL, I cannot edit the ORM library *and* sell the website without releasing the whole website under GPL[1]. Under LGPL, I would have to release my changes back to the public, then I would be allowed to sell the website (I just can’t sell it before releasing those changes). Under a BSD or MIT license, I would be able to make whatever changes I want, and wouldn’t be required to release them to the public. GPL, LGPL, and BSD/MIT all require the copyrights to be retained.
In other words, I can’t write code based on, or edit code directly related to ORM without releasing said code under GPL. With LGPL (and BSD/MIT, etc), the ORM library would be treated a singular entity, allowing me to do whatever I want with ORM, so long as I release changes I make to ORM back to the public (BSD doesn’t require this step, (L)GPL does).
To lay it down simply:
GPL: every piece of code that is based off it[1], must be GPL licensed, and as such, I must release all of that code publicly.
LGPL: I only need to worry about Orm.php, and I must release my changes back to the public.
BSD/MIT: I must retain the copyright, but can do whatever I want with Orm.php, no changes have to be publicly released.
I really thing you should use LGPL. I know LGPL will keep Orm.php as public code, keep it protected, and won’t make me lose any sleep. 
[1]: It’s possible my understanding of the GPL is flawed here. [3]
[2]: There is fine line between “implementation” and “derivative” work, especially in regards to libraries, modules, etc.
[3]: EDIT: It seems that my guess about the whole website being released as GPL was correct:
The GNU Project has two principal licenses to use for libraries. One is the GNU Library GPL; the other is the ordinary GNU GPL. The choice of license makes a big difference: using the Library GPL permits use of the library in proprietary programs; using the ordinary GPL for a library makes it available only for free programs.
Taken from the autotool manual.
Judging by that, it makes it impossible for me to use Orm.php for a proprietary, commercial project.