SAE Foundation Annual Report 2015 - 39

SAE Foundation
Notes to the Financial Statements (continued)
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%.

2015

December 31,

2014
(in thousands)

Conditioned upon
Matching funds
Subject to annual review and approval

$

47

$

20
73

$

47

$

93

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.
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.
Conditional pledges receivable
consist of the following at:

Inspiring Curiosity in STEM | 39



SAE Foundation Annual Report 2015

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