# ASC 310-958-45: Receivables — Not-for-Profit Entities — 45 Other Presentation Matters

Source: FASB Accounting Standards Codification, Basic View

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## ASC 310-958-45: 45 Other Presentation Matters

[Read section](https://asc.understandingaccounting.org/asc/310/958/#45-other-presentation-matters)

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#### Contributions Receivable—Statement of Financial Position

##### [310-958-45-1](https://asc.understandingaccounting.org/asc/310/958/#310-958-45-1)

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[Contributions](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.") receivable shall be reported net of the discount that arises if measuring 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.") at present value. The discount shall be separately disclosed by reporting it as a deduction from contributions receivable either on the face of a statement of financial position or in the notes to financial statements (see paragraph [958-310-50-1](https://asc.understandingaccounting.org/asc/310/958/#310-958-50-1)).

#### Contributions Receivable—Statement of Activities

##### [310-958-45-2](https://asc.understandingaccounting.org/asc/310/958/#310-958-45-2)

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If 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.") is measured using present value techniques, 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) shall report the subsequent accrual of the interest element recognized under paragraph [958-310-35-6](https://asc.understandingaccounting.org/asc/310/958/#310-958-35-6) as an increase in [net assets with donor restrictions](https://asc.understandingaccounting.org/glossary/n/#net-assets-with-donor-restrictions "The part of net assets of a not-for-profit entity that is subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants).") if the underlying promise to give is donor restricted.

##### [310-958-45-3](https://asc.understandingaccounting.org/asc/310/958/#310-958-45-3)

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Decreases recognized under paragraph [958-310-35-7](https://asc.understandingaccounting.org/asc/310/958/#310-958-35-7) shall be reported as expenses or losses (bad debt) in the net asset class in which the net assets are represented. Because all expenses are reported in the [net asset without donor restrictions](https://asc.understandingaccounting.org/glossary/n/#net-assets-without-donor-restrictions "The part of net assets of a not-for-profit entity that is not subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants).") class, those decreases shall be reported as losses if they are decreases in net assets with donor restrictions.