{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/310/958/#25-recognition","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"310","topic_title":"Receivables","subtopic":"310-958","subtopic_title":"Not-for-Profit Entities","section":{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":"Contributions Receivable","paragraphs":[{"citation":"310-958-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_33894075-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">A <a href=\"/glossary/p/#promise-to-give\" class=\"term\" title=\"A written or oral agreement to contribute cash or other assets to another entity. A promise carries rights and obligations—the recipient of a promise to give has a right to expect that the promised assets will be transferred in the future, and the maker has a social and moral obligation, and generally a legal obligation, to make the promised transfer. A promise to give may be either conditional or unconditional.\"><span>promise to give</span></a> is </span></span> <span class=\"sfragment\" id=\"sfr_33894204-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">a written or oral agreement to contribute cash or other assets to another entity. </span></span> <span class=\"sfragment\" id=\"sfr_33894363-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">A promise to give may be either conditional or unconditional. </span></span> <span class=\"sfragment\" id=\"sfr_338944C1-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">An <a href=\"/glossary/u/#unconditional-promise-to-give\" class=\"term\" title=\"A promise to give that depends only on passage of time or demand by the promisee for performance.\"><span>unconditional promise to give</span></a> shall be recognized as revenue or gain in the period received and as an asset in accordance with paragraphs <div class=\"xref-range displayInline\"><a href=\"/asc/605/958/#605-958-25-7\" class=\"xref\">958-605-25-7 through 25-15</a></div>. </span></span> <span class=\"sfragment\" id=\"sfr_33894626-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Pursuant to paragraph <a href=\"/asc/605/958/#605-958-25-2\" class=\"xref\">958-605-25-2</a>, to be recognized in financial statements there must be sufficient evidence in the form of verifiable documentation that a promise was made and received. </span></span> </div> </div>","snippet":"A promise to give is a written or oral agreement to contribute cash or other assets to another entity. A promise to give may be either conditional or unconditional. An unconditional promise to give shall be recognized as…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b211c03092d90365c36b9daa779b1d7fb0c27ad57e5b06438dc7ebf8a4aedde9","downloaded_from":"2026-09-09T23:32:16.296Z","last_downloaded_at":"2026-09-09T23:32:16.296Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478806","source_sha256":"b64f953aa6ce8e0e28bbe8eceff4220c464df7e4954774d87874fa24e0df76f4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ad422c5acf3dcf6bf098055c79a03ee50ac52ab38c1035afcb5f0cd7699ea181","downloaded_from":"2026-09-09T23:32:16.296Z","last_downloaded_at":"2026-09-09T23:32:16.296Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478806","source_sha256":"b64f953aa6ce8e0e28bbe8eceff4220c464df7e4954774d87874fa24e0df76f4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bb6acb35a20395fc3184671d9a200868f3293ef25c2e773c9a876563e6fda888","downloaded_from":"2026-09-09T23:32:16.296Z","last_downloaded_at":"2026-09-09T23:32:16.296Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478806","source_sha256":"b64f953aa6ce8e0e28bbe8eceff4220c464df7e4954774d87874fa24e0df76f4"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bb6acb35a20395fc3184671d9a200868f3293ef25c2e773c9a876563e6fda888","downloaded_from":"2026-09-09T23:32:16.296Z","last_downloaded_at":"2026-09-09T23:32:16.296Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478806","source_sha256":"b64f953aa6ce8e0e28bbe8eceff4220c464df7e4954774d87874fa24e0df76f4"}}