SAE Foundation Statements of Cash Flows 2015 For the Years Ended December 31, Cash Provided by (Used for) Operating Activities (Decrease) increase in net assets Adjustments to reconcile change in net assets to net cash used for operating activities Net (appreciation) depreciation in fair value of investments Changes in Accounts receivable Pledges receivable Accrued interest and other receivables Prepaid expenses Accounts payable Other assets and liabilities $ (25) $ 512 584 (484) 31 (701) 79 (140) 142 (50) (38) 386 (80) (389) 76 (6) (80) (23) Cash Provided by (Used for) Investing Activities Purchase of investments Proceeds from sale of investments (268) 69 (2,076) 905 Net Cash Used for Investing Activities (199) (1,171) Decrease in Cash (279) (1,194) Cash - beginning of year 1,667 2,861 Net Cash Used for Operating Activities See accompanying independent auditor's report and notes to the financial statements. 2014 (in thousands) Cash - end of year $ 1,388 $ 1,667 Inspiring Curiosity in STEM | 31