SAE Foundation Annual Report 2016 - 36

SAE Foundation
Notes to the Financial Statements (continued)
4. Pledges Receivable
Pledges receivable consist of the
following at:

2016

December 31,
$

Pledges for future operations
Temporarily restricted pledges
Permanently restricted

223
600
10

$

833
(5)
(40)

Gross pledges receivable
Less: Unamortized discount
Less: Allowance for doubtful accounts

221
1,039
10
1,270
(17)
(40)

Pledges Receivable

$

788

$

1,213

Amounts due in
Less than one year
One to five years

$

672
116

$

784
429

$

788

$

1,213

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%. At December 31, 2016, 76% of
pledges receivable were due from
two donors. Pledges receivable

36 | 2016 Annual Report

2015
(in thousands)

from two donors represents 94%
of total pledge income in 2016. At
December 31, 2015, 63% of pledges
receivable were due from one
donor. Pledges receivable from
this donor represents 93% of total
pledge income in 2015. Conditional
pledges of approximately $47,000

at December 31, 2016 and 2015
represents amounts that are
receivable upon annual review and
approval by the donor. Since the
pledges



SAE Foundation Annual Report 2016

Table of Contents for the Digital Edition of SAE Foundation Annual Report 2016

SAE Foundation Annual Report 2016
Contents
Independent Auditor’s Report
Statements of Financial Position
Statements of Activities and Changes in Net Assets
Statements of Cash Flows
Notes to the Financial Statements
SAE Foundation Annual Report 2016 - SAE Foundation Annual Report 2016
SAE Foundation Annual Report 2016 - 2
SAE Foundation Annual Report 2016 - 3
SAE Foundation Annual Report 2016 - 4
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SAE Foundation Annual Report 2016 - 17
SAE Foundation Annual Report 2016 - Contents
SAE Foundation Annual Report 2016 - 19
SAE Foundation Annual Report 2016 - 20
SAE Foundation Annual Report 2016 - 21
SAE Foundation Annual Report 2016 - 22
SAE Foundation Annual Report 2016 - 23
SAE Foundation Annual Report 2016 - 24
SAE Foundation Annual Report 2016 - Independent Auditor’s Report
SAE Foundation Annual Report 2016 - 26
SAE Foundation Annual Report 2016 - Statements of Financial Position
SAE Foundation Annual Report 2016 - 28
SAE Foundation Annual Report 2016 - Statements of Activities and Changes in Net Assets
SAE Foundation Annual Report 2016 - 30
SAE Foundation Annual Report 2016 - Statements of Cash Flows
SAE Foundation Annual Report 2016 - Notes to the Financial Statements
SAE Foundation Annual Report 2016 - 33
SAE Foundation Annual Report 2016 - 34
SAE Foundation Annual Report 2016 - 35
SAE Foundation Annual Report 2016 - 36
SAE Foundation Annual Report 2016 - 37
SAE Foundation Annual Report 2016 - 38
SAE Foundation Annual Report 2016 - 39
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