SAE Foundation Annual Report 2013 - 66

SAE FOUNDATION
Notes to the Financial Statements (Continued)
Note 4 - Pledges Receivable
Pledges receivable consist of the following at December 31:
2013
Unrestricted pledges
Temporarily restricted pledges
Permanently restricted

$

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

311,130
733,353
15,000

2012
$

546,741
1,488,186
17,500

898,566

$1,870,690

$

880,348
18,218

$1,298,898
571,792

$

Amounts due in
Less than one year
One to five years

2,052,427
22,702
159,035

$

Net pledges receivable

1,059,483
1,882
159,035

898,566

$1,870,690

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, 2013, 28% of pledges receivable were due from one donor and 30% of
pledges receivable were due from a different donor. Pledges receivable from these two donors
comprised 62% of total pledges receivable at December 31, 2012.
Pledges from two
organizations represent 89% of total pledge income in 2012. There were no concentrations of
pledge income in 2013.
Contributions from one donor accounted for 34% of 2012 total contributions. There were
no concentrations of contributions in 2013.
Conditional pledges receivable consist of the following at December 31:
2013
Conditioned upon
Matching funds
Subject to annual review and approval

2012
$

44,500
149,000

$ 118,000

Page 14

19,500
98,500

$

193,500

$



SAE Foundation Annual Report 2013

Table of Contents for the Digital Edition of SAE Foundation Annual Report 2013

SAE Foundation Annual Report 2013 - Cover1
SAE Foundation Annual Report 2013 - Cover2
SAE Foundation Annual Report 2013 - 1
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SAE Foundation Annual Report 2013 - Cover3
SAE Foundation Annual Report 2013 - Cover4
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