# ASC 310-958-35: Receivables — Not-for-Profit Entities — 35 Subsequent Measurement Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/310/958/#35-subsequent-measurement) 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. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-09T23:32:21.843Z to 2026-09-09T23:32:21.843Z Record version: sha256:1e68cb703d6c3facf8eebcadd5118ca807a0413725d120411151482c3f9c4b0c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 310-958-35: 35 Subsequent Measurement [Read section](https://asc.understandingaccounting.org/asc/310/958/#35-subsequent-measurement) SEC content: no #### Fair Value Measurement ##### [310-958-35-1](https://asc.understandingaccounting.org/asc/310/958/#310-958-35-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:32:21.843Z to 2026-09-09T23:32:21.843Z Record version: sha256:afcaf37ae68df7e486000414c7841cac9cfe995021eebf9fad250de1924bacf6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Fair Value Option Subsections of Subtopic 825-10 create a [fair value](https://asc.understandingaccounting.org/glossary/f/#fair-value "The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.") option under which a [not-for-profit entity](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") (NFP) may irrevocably elect fair value as the initial and subsequent measure for most receivables. If an NFP elects to measure a receivable at fair value and uses a present value technique to measure fair value, the discount rate assumptions, and all other elements discussed in paragraph [820-10-55-5](https://asc.understandingaccounting.org/asc/820/10/#820-10-55-5) shall be revised at each measurement date to reflect current market conditions. Paragraph [820-10-35-2B](https://asc.understandingaccounting.org/asc/820/10/#820-10-35-2B) states that a fair value measurement takes into account the effect of a restriction on the sale or use of an asset if market participants would take into account the effect of the restriction when pricing the asset. Example 6 (see paragraph [820-10-55-51](https://asc.understandingaccounting.org/asc/820/10/#820-10-55-51)) illustrates that restrictions that are a characteristic of an asset and, therefore, would transfer to a market participant are the only restrictions reflected in fair value. Donor restrictions that are specific to the donee are reflected in the classification of [net assets](https://asc.understandingaccounting.org/glossary/n/#net-assets "The excess or deficiency of assets over liabilities of a not-for-profit entity, which is divided into two mutually exclusive classes according to the existence or absence of donor-imposed restrictions. See Net Assets with Donor Restrictions and Net Assets without Donor Restrictions."), not in the measurement of fair value. ##### [310-958-35-2](https://asc.understandingaccounting.org/asc/310/958/#310-958-35-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:32:21.843Z to 2026-09-09T23:32:21.843Z Record version: sha256:07e2c91a0b27da7bb447a61d68230a49710c8f6251a3b1d7e8027606d6d59eed Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Unless measured at fair value in conformity with the Fair Value Option Subsections of Subtopic 825-10, receivables shall be reported at the measures described in the remainder of this Section. #### Receivables from Exchange Transactions ##### [310-958-35-3](https://asc.understandingaccounting.org/asc/310/958/#310-958-35-3) Pending content: yes Source downloaded (UTC): 2026-09-09T23:32:21.843Z to 2026-09-09T23:32:21.843Z Record version: sha256:aadf1167c6d18749021ba037946e598b24eddabda7fe8f80542de07883a62d09 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Receivables arising from exchange transactions shall be reported at net realizable value if the amounts are due within one year. Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance: [105-10-65-10](https://asc.understandingaccounting.org/asc/105/10/#105-10-65-10)
Editor's Note: Paragraph 958-310-35-3 will be superseded upon transition, together with its heading.
> Receivables from Exchange Transactions
[Paragraph superseded by Accounting Standards Update No. 2025-12.](https://asc.understandingaccounting.org/updates/asu-2025-12/) #### Contributions Receivable ##### [310-958-35-4](https://asc.understandingaccounting.org/asc/310/958/#310-958-35-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:32:21.843Z to 2026-09-09T23:32:21.843Z Record version: sha256:ef9b6150e812619ae06fb9c1e7577576de148e061ac1af71b9a02c21341e2fed Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. After recognition, the value of a [contribution](https://asc.understandingaccounting.org/glossary/c/#contribution "An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution.") arising from an [unconditional promise to give](https://asc.understandingaccounting.org/glossary/u/#unconditional-promise-to-give "A promise to give that depends only on passage of time or demand by the promisee for performance.") cash or noncash assets (contribution receivable) may change because of any of the following reasons: 1. a Accrual of the interest element for a [promise to give](https://asc.understandingaccounting.org/glossary/p/#promise-to-give "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.") measured using present value techniques 2. b Changes in the quantity or nature of assets expected to be received (such as changes in the amounts of future cash flows) 3. c Changes in the projected fair value of the underlying noncash assets at the date that those assets are expected to be received (referred to in this Section as the _future fair value_ of underlying noncash assets) 4. d Changes in the timing of assets expected to be received (This Subtopic does not provide guidance for changes in the timing of assets expected to be received.) 5. e Changes in the time value of money. ##### [310-958-35-5](https://asc.understandingaccounting.org/asc/310/958/#310-958-35-5) Pending content: no Source downloaded (UTC): 2026-09-09T23:32:21.843Z to 2026-09-09T23:32:21.843Z Record version: sha256:07c52d8481192561c80dc12fe6236b856f3e9429168cf3956f290f05b0fb344d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See Example 1 (paragraph [958-310-55-1](https://asc.understandingaccounting.org/asc/310/958/#310-958-55-1)) for a summary of the guidance for accounting for changes in the value of promises to give subsequent to initial recognition but before collection. ##### [310-958-35-6](https://asc.understandingaccounting.org/asc/310/958/#310-958-35-6) Pending content: no Source downloaded (UTC): 2026-09-09T23:32:21.843Z to 2026-09-09T23:32:21.843Z Record version: sha256:f7ab5ffa9ebd983905f4b71edc3182ba89ac5d196ecaa464a0cb384c9d6141dd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If a present value technique is used to measure the fair value of unconditional promises to give cash, subsequent accruals of the interest element pursuant to Section 835-30-35 shall be accounted for as contribution revenue by donees. ##### [310-958-35-7](https://asc.understandingaccounting.org/asc/310/958/#310-958-35-7) Pending content: no Source downloaded (UTC): 2026-09-09T23:32:21.843Z to 2026-09-09T23:32:21.843Z Record version: sha256:bbf2f53adc235eaa664122dec6c738b4d045110c539567a3aa5948c78ed6957b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If the value of a contribution receivable decreases because of changes in the quantity or nature of assets expected to be received, the decrease shall be recognized in the period(s) in which the expectation changes. That decrease shall be reported as an expense or loss (bad debt) in accordance with paragraph [958-310-45-3](https://asc.understandingaccounting.org/asc/310/958/#310-958-45-3). ##### [310-958-35-8](https://asc.understandingaccounting.org/asc/310/958/#310-958-35-8) Pending content: no Source downloaded (UTC): 2026-09-09T23:32:21.843Z to 2026-09-09T23:32:21.843Z Record version: sha256:aa38d1315a192181c69f552a173f6ed5fe16b5fb8cac6f06fc2b1e775ae582d1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. No increase in net assets shall be recognized if the value of a contribution receivable increases because of a change in the quantity or nature of assets expected to be received between the date the unconditional promise to give is recognized and the date it is collected, except as provided in the following paragraph. ##### [310-958-35-9](https://asc.understandingaccounting.org/asc/310/958/#310-958-35-9) Pending content: no Source downloaded (UTC): 2026-09-09T23:32:21.843Z to 2026-09-09T23:32:21.843Z Record version: sha256:629f3a76fc099f7263d55174bcada7ac10d1d882fe9305f4e217fadba3e8e8f6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If the value of a contribution receivable increases because of changes in the quantity or nature of assets expected to be received and previous decreases in the value of that unconditional promise to give resulted in expenses or losses from bad debts, the increase shall be reported as a recovery of those expenses or losses to the extent that those expenses or losses were previously recognized. The recovery shall be reported in the net asset classes in which the net assets are represented. ##### [310-958-35-10](https://asc.understandingaccounting.org/asc/310/958/#310-958-35-10) Pending content: no Source downloaded (UTC): 2026-09-09T23:32:21.843Z to 2026-09-09T23:32:21.843Z Record version: sha256:ce224942de03d30c46d00f0c3fa79b956f390953503eb11ecec37f9ce69e4a23 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Amounts collected, other than a recovery of bad debt expenses or losses, in excess of the carrying amount of contributions receivable shall be reported as contribution revenue in the appropriate net asset class. ##### [310-958-35-11](https://asc.understandingaccounting.org/asc/310/958/#310-958-35-11) Pending content: no Source downloaded (UTC): 2026-09-09T23:32:21.843Z to 2026-09-09T23:32:21.843Z Record version: sha256:34c19a6a1e8e58448d374f923193ef986e7cf41e487ff4e505465052d016e001 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The value of a contribution receivable arising from an unconditional promise to give equity securities with readily determinable fair values or debt securities may change between the date the unconditional promise to give is recognized and the date the asset promised is received because of changes in the future fair value of the underlying securities. For purposes of subsequent measurement, the method of determining the future fair value of the underlying securities shall be the same as the method used for determining that amount for purposes of initial measurement. Thus, if a promise to give securities is measured based on the fair value of the underlying securities at the date of gift, as described in paragraph [958-605-30-8](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-8), an observed change in the current fair value of the underlying securities shall be recognized. The change shall be reported as an increase or a decrease in contribution revenue in the period(s) in which the change occurs. The change shall be recognized in the net asset class in which the contribution was originally reported or in the net asset class in which the net assets are represented. ##### [310-958-35-12](https://asc.understandingaccounting.org/asc/310/958/#310-958-35-12) Pending content: no Source downloaded (UTC): 2026-09-09T23:32:21.843Z to 2026-09-09T23:32:21.843Z Record version: sha256:4275da3bed90c8da89183193c0dba695cb37d8a1ba25854d0dee5a09ca627f25 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The value of a contribution receivable arising from an unconditional promise to give noncash assets other than equity securities with readily determinable fair values or debt securities may change between the date the unconditional promise to give is recognized and the date the asset promised is received because of changes in the future fair value of the underlying noncash assets. For purposes of subsequent measurement, the method for determining the future fair value of the underlying noncash asset shall be the same as the method used for determining that amount for purposes of initial measurement. Accordingly, assumed relationships, such as the relationship between the market price of the noncash asset at the time the initial measurement is made and its projected market price at the date the asset is expected to be received, shall be presumed to continue in determining whether the future fair value of the underlying noncash asset has changed. ##### [310-958-35-13](https://asc.understandingaccounting.org/asc/310/958/#310-958-35-13) Pending content: no Source downloaded (UTC): 2026-09-09T23:32:21.843Z to 2026-09-09T23:32:21.843Z Record version: sha256:54ee904825e6cc1a9b408ca1f58627e1058a461ab14f89a1f13f6857b40c144f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If the future fair value of the underlying noncash asset decreases, that decrease shall be reported as a decrease in contribution revenue in the period(s) in which the decrease occurs. The decrease shall be reported in the net asset class in which the contribution was originally reported or in the net asset class in which the net assets are represented. Thus, if a promise to give noncash assets is measured based on the fair value of those underlying noncash assets at the date of gift, as described in paragraph [958-605-30-8](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-8), an observed decrease in the current fair value of the underlying noncash asset shall be recognized. If the future fair value of the underlying noncash asset increases between the date the unconditional promise to give is recognized and the date the asset promised is received, no additional revenue shall be recognized.