SAE Foundation Annual Report 2013 - 67

SAE FOUNDATION
Notes to the Financial Statements (Continued)
Note 5 - Charitable Gift Annuities
The Foundation received charitable gift annuities aggregating $500,000. The gift annuity
agreements call for annual annuity payments totaling $39,750 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,
2013, the remaining liability on the annuities was approximately $147,000.
Note 6 - Net Assets
Temporarily restricted net assets are available for the following purposes as of
December 31:
2013
$3,562,064
2,293,579
1,207,183
24,169

Total

$4,356,580
2,156,160
924,566
12,522

$7,086,995

Program support funds
Award funds
Scholarship funds
Engineering activity support

2012
As Restated

$7,449,828

Permanently restricted net assets are available for the following purposes as of
December 31:
2013
Program support funds
Award funds
Scholarship funds
Engineering activity support

$

Total

79,030
1,534,297
1,112,276
104,118

$2,829,721

Page 15

2012
As Restated
$

54,901
1,492,342
1,111,676
104,118

$2,763,037



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
SAE Foundation Annual Report 2013 - 2
SAE Foundation Annual Report 2013 - 3
SAE Foundation Annual Report 2013 - 4
SAE Foundation Annual Report 2013 - 5
SAE Foundation Annual Report 2013 - 6
SAE Foundation Annual Report 2013 - 7
SAE Foundation Annual Report 2013 - 8
SAE Foundation Annual Report 2013 - 9
SAE Foundation Annual Report 2013 - 10
SAE Foundation Annual Report 2013 - 11
SAE Foundation Annual Report 2013 - 12
SAE Foundation Annual Report 2013 - 13
SAE Foundation Annual Report 2013 - 14
SAE Foundation Annual Report 2013 - 15
SAE Foundation Annual Report 2013 - 16
SAE Foundation Annual Report 2013 - 17
SAE Foundation Annual Report 2013 - 18
SAE Foundation Annual Report 2013 - 19
SAE Foundation Annual Report 2013 - 20
SAE Foundation Annual Report 2013 - 21
SAE Foundation Annual Report 2013 - 22
SAE Foundation Annual Report 2013 - 23
SAE Foundation Annual Report 2013 - 24
SAE Foundation Annual Report 2013 - 25
SAE Foundation Annual Report 2013 - 26
SAE Foundation Annual Report 2013 - 27
SAE Foundation Annual Report 2013 - 28
SAE Foundation Annual Report 2013 - 29
SAE Foundation Annual Report 2013 - 30
SAE Foundation Annual Report 2013 - 31
SAE Foundation Annual Report 2013 - 32
SAE Foundation Annual Report 2013 - 33
SAE Foundation Annual Report 2013 - 34
SAE Foundation Annual Report 2013 - 35
SAE Foundation Annual Report 2013 - 36
SAE Foundation Annual Report 2013 - 37
SAE Foundation Annual Report 2013 - 38
SAE Foundation Annual Report 2013 - 39
SAE Foundation Annual Report 2013 - 40
SAE Foundation Annual Report 2013 - 41
SAE Foundation Annual Report 2013 - 42
SAE Foundation Annual Report 2013 - 43
SAE Foundation Annual Report 2013 - 44
SAE Foundation Annual Report 2013 - 45
SAE Foundation Annual Report 2013 - 46
SAE Foundation Annual Report 2013 - 47
SAE Foundation Annual Report 2013 - 48
SAE Foundation Annual Report 2013 - 49
SAE Foundation Annual Report 2013 - 50
SAE Foundation Annual Report 2013 - 51
SAE Foundation Annual Report 2013 - 52
SAE Foundation Annual Report 2013 - 53
SAE Foundation Annual Report 2013 - 54
SAE Foundation Annual Report 2013 - 55
SAE Foundation Annual Report 2013 - 56
SAE Foundation Annual Report 2013 - 57
SAE Foundation Annual Report 2013 - 58
SAE Foundation Annual Report 2013 - 59
SAE Foundation Annual Report 2013 - 60
SAE Foundation Annual Report 2013 - 61
SAE Foundation Annual Report 2013 - 62
SAE Foundation Annual Report 2013 - 63
SAE Foundation Annual Report 2013 - 64
SAE Foundation Annual Report 2013 - 65
SAE Foundation Annual Report 2013 - 66
SAE Foundation Annual Report 2013 - 67
SAE Foundation Annual Report 2013 - 68
SAE Foundation Annual Report 2013 - Cover3
SAE Foundation Annual Report 2013 - Cover4
https://www.nxtbookmedia.com