SAE Foundation Annual Report 2014 - BDO15


SAE Foundation
Notes to the Financial Statements (Continued)

3. Investments (Continued)
December 31, 2013

Unrestricted

Interest and dividend income
Net appreciation

$

Subtotal investment return
Less: Investment expenses
Total Investment return

8
800

Temporarily
Unrestricted
(in thousands)
$

808
(2)
$

806

224
434

Total
$

658
(59)
$

599

232
1,234
1,466
(61)

$

1,405

4. Pledges Receivable
Pledges receivable consist of the following at:
2014
2013
(in thousands)

December 31,
$

Unrestricted pledges
Temporarily restricted pledges
Permanently restricted

237
344
12

$

593
(6)
(75)

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

311
733
15
1,059
(2)
(159)

Pledges Receivable

$

512

$

898

Amounts due in
Less than one year
One to five years

$

370
142

$

880
18

$

512

$

898

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, 2014, 58% of pledges receivable were due from three donors. Pledges receivable
from two of these donors represent 66% of total pledge income in 2014. Pledges receivable from
these three donors comprised 16% of total pledges receivable at December 31, 2013. There were
no concentrations of pledge income in 2013.

See accompanying independent auditor's report.
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Table of Contents for the Digital Edition of SAE Foundation Annual Report 2014

SAE Foundation Annual Report 2014 - Cover1
SAE Foundation Annual Report 2014 - Cover2
SAE Foundation Annual Report 2014 - 1
SAE Foundation Annual Report 2014 - 2
SAE Foundation Annual Report 2014 - 3
SAE Foundation Annual Report 2014 - 4
SAE Foundation Annual Report 2014 - 5
SAE Foundation Annual Report 2014 - 6
SAE Foundation Annual Report 2014 - 7
SAE Foundation Annual Report 2014 - 8
SAE Foundation Annual Report 2014 - 9
SAE Foundation Annual Report 2014 - 10
SAE Foundation Annual Report 2014 - 11
SAE Foundation Annual Report 2014 - 12
SAE Foundation Annual Report 2014 - 13
SAE Foundation Annual Report 2014 - 14
SAE Foundation Annual Report 2014 - 15
SAE Foundation Annual Report 2014 - 16
SAE Foundation Annual Report 2014 - 17
SAE Foundation Annual Report 2014 - 18
SAE Foundation Annual Report 2014 - BDO1
SAE Foundation Annual Report 2014 - BDO2
SAE Foundation Annual Report 2014 - BDO3
SAE Foundation Annual Report 2014 - BDO4
SAE Foundation Annual Report 2014 - BDO5
SAE Foundation Annual Report 2014 - BDO6
SAE Foundation Annual Report 2014 - BDO7
SAE Foundation Annual Report 2014 - BDO8
SAE Foundation Annual Report 2014 - BDO9
SAE Foundation Annual Report 2014 - BDO10
SAE Foundation Annual Report 2014 - BDO11
SAE Foundation Annual Report 2014 - BDO12
SAE Foundation Annual Report 2014 - BDO13
SAE Foundation Annual Report 2014 - BDO14
SAE Foundation Annual Report 2014 - BDO15
SAE Foundation Annual Report 2014 - BDO16
SAE Foundation Annual Report 2014 - BDO17
SAE Foundation Annual Report 2014 - Cover3
SAE Foundation Annual Report 2014 - Cover4
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