FINANCIAL SUPPORT

Sabre Foundation depends for annual program support on individual donors, associations, business corporations, private foundations and public bodies. In addition to financial donations, it benefits greatly from services contributed in- kind and at reduced rates, both in the U.S. and overseas.

Individuals and private associations continue to provide a valued part of Sabre's funding, especially in areas which are not covered by foundation and government guidelines.

Monetary Contributions and In-Kind Donations of Services
Participating Publishers and Donors of Special Collections and Other materials

Sabre Foundation, Inc.

Statement of Support and Revenue, Expenses and Changes in Fund Balances (Excerpted from Sabre's audited financial statements, prepared by Pannell Kerr Forster, P.C.)

Year Ended December 31: 1995 1994
Unrestricted Endowment*** (Restated)
Support and revenue
Contributions and grants
Cash
 $ 547,672 $ 529,925
In-kind
Books and equipment
 11,449,750 10,251,589
Services
 231,051 88,148
12,228,473 10,869,662
Interest 7,471 4,764 7,274
Total support and revenue
 12,235,944 4,764 10,876,936
Expenses
Program services
Scientific Assistance Project
Expenditures, including in-kind services of $91,678 in '95, $53,389 in '94
 * 611,651 * 512,937
Grants in-kind
 ** 11,449,750 ** 10,251,589
Philosophy of Institutions Project
 14,857 23,333
Other
 9,056 --
Total program services
 12,085,314 10,787,859
Supporting services
General administration, including in-kind services of $139,373 in '95, $34,759 in '94
 160,683 103,127
Fund raising
 21,892 8,538
Total supporting services
 182,575 111,665
Total expenses
 12,267,889 10,899,524
Excess (deficiency) of support and revenue over expenses before capital additions
 (31,945) 4,764 (22,588)
Capital additions -- contributions for:
Acquisition of equipment
 -- 5,773
Endowment ***
 -- 1,850 *** 41,438
Total capital additions
 -- 1,850 47,211
Excess (deficiency) of support and revenue over expenses after capital additions
 (31,945) 6,614 24,623
Fund balances -- beginning of year 72,200 41,438 89,015
Fund balances -- end of year $ 40,255 $ 48,052 $ 113,638

Notes: * Of these total Expenditures, $114,981 related to the Library and Information Technology Service in 1995, and $82,507 in 1994. ** For accounting purposes, donations in-kind are recorded as expended in the same fiscal year that they are received. As the donated books may not be re-sold, they hold no commercial value for Sabre Foundation, and are therefore not carried as inventory in our audited financial statements. The fair market value (FMV) of the actual inventory on hand on January 1, 1995, was $7,332,110; allocations during 1995 were valued at $6,911,494; and the FMV of inventory on December 31, 1995, was $11,870,367. *** A board-designated Endowment Fund of $41,438 was established in 1994 (not set forth in a separate column above for that year), and was augmented in 1995 by further donations of $1,850 and interest earned of $4,764.