SAE Foundation Annual Report 2011 - 45

SAE FOUNDATION
Notes to the Financial Statements (Continued) Note 3 - Pledges Receivable Pledges receivable consist of the following at December 31: 2011 Unrestricted pledges Temporarily restricted pledges Permanently restricted Gross pledges receivable Less: Unamortized discount Less: Allowance for doubtful accounts Net pledges receivable Amounts due in Less than one year One to five years $ 364,850 1,729,65 4 20,000 2,114,504 25,326 159,035 $1,930,143 $1,246,171 683,972 $1,930,143 2010 $ 410,762 2,029,680 22,500 2,462,942 36,604 159,635 $2,266,703 $1,334,680 932,023 $2,266,703

Unconditional promises to give due in more than one year are reflected at the present value of estimated future cash flows using discount rates ranging from 1.7% to 4%. Conditional pledges receivable consist of the following at December 31: 2011 Conditioned upon Matching funds Subject to annual review and approval $ 44,500 150,000 $ 2010 50,600 50,000

$ 194,500 Note 4 - Charitable Gift Annuities

$ 100,600

The Foundation received charitable gift annuities aggregating $500,000. The gift annuity agreements call for annual annuity payments totaling $39,100 for the term of the donors’ natural lives. The present value of estimated future payments to the donors is calculated based on a discount rate ranging from 1.8% to 4.2% and applicable mortality tables. At December 31, 2011, the remaining liability on the annuities was approximately $199,000.

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SAE Foundation Annual Report 2011

Table of Contents for the Digital Edition of SAE Foundation Annual Report 2011

SAE Foundation Annual Report 2011
Message From Chair
Impact
Programs
Revenue
Donor Lists
Financial Statements
Board and Committee Lists
SAE Foundation Annual Report 2011 - SAE Foundation Annual Report 2011
SAE Foundation Annual Report 2011 - 2
SAE Foundation Annual Report 2011 - Message From Chair
SAE Foundation Annual Report 2011 - Impact
SAE Foundation Annual Report 2011 - 5
SAE Foundation Annual Report 2011 - 6
SAE Foundation Annual Report 2011 - 7
SAE Foundation Annual Report 2011 - 8
SAE Foundation Annual Report 2011 - 9
SAE Foundation Annual Report 2011 - 10
SAE Foundation Annual Report 2011 - 11
SAE Foundation Annual Report 2011 - Programs
SAE Foundation Annual Report 2011 - 13
SAE Foundation Annual Report 2011 - Revenue
SAE Foundation Annual Report 2011 - 15
SAE Foundation Annual Report 2011 - 16
SAE Foundation Annual Report 2011 - 17
SAE Foundation Annual Report 2011 - Donor Lists
SAE Foundation Annual Report 2011 - 19
SAE Foundation Annual Report 2011 - 20
SAE Foundation Annual Report 2011 - 21
SAE Foundation Annual Report 2011 - 22
SAE Foundation Annual Report 2011 - 23
SAE Foundation Annual Report 2011 - 24
SAE Foundation Annual Report 2011 - 25
SAE Foundation Annual Report 2011 - 26
SAE Foundation Annual Report 2011 - 27
SAE Foundation Annual Report 2011 - Financial Statements
SAE Foundation Annual Report 2011 - 29
SAE Foundation Annual Report 2011 - 30
SAE Foundation Annual Report 2011 - 31
SAE Foundation Annual Report 2011 - 32
SAE Foundation Annual Report 2011 - 33
SAE Foundation Annual Report 2011 - 34
SAE Foundation Annual Report 2011 - 35
SAE Foundation Annual Report 2011 - 36
SAE Foundation Annual Report 2011 - 37
SAE Foundation Annual Report 2011 - 38
SAE Foundation Annual Report 2011 - 39
SAE Foundation Annual Report 2011 - 40
SAE Foundation Annual Report 2011 - 41
SAE Foundation Annual Report 2011 - 42
SAE Foundation Annual Report 2011 - 43
SAE Foundation Annual Report 2011 - 44
SAE Foundation Annual Report 2011 - 45
SAE Foundation Annual Report 2011 - 46
SAE Foundation Annual Report 2011 - 47
SAE Foundation Annual Report 2011 - 48
SAE Foundation Annual Report 2011 - 49
SAE Foundation Annual Report 2011 - Board and Committee Lists
SAE Foundation Annual Report 2011 - 51
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