{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/310/958/#50-disclosure","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":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":"Contributions Receivable","paragraphs":[{"citation":"310-958-50-1","para":"50-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_33D60D07-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Recipients of <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 promises to give</span></a> shall disclose all of the following: </span></span> <ol class=\"ol-norm\"> <li class=\"li-norm\"><span class=\"linum\">a</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_33D60EAA-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The amounts of promises receivable in less than one year, in one to five years, and in more than five years </span></span> </div> </li> <li class=\"li-norm\"><span class=\"linum\">b</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_33D61000-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The amount of the allowance for uncollectible promises receivable </span></span> </div> </li> <li class=\"li-norm\"><span class=\"linum\">c</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_33D6118A-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The discount that arises if measuring 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> at present value, if that discount is not </span></span> <span class=\"sfragment\" id=\"sfr_33D61318-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">separately disclosed by reporting it as a deduction from <a href=\"/glossary/c/#contribution\" class=\"term\" title=\"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.\"><span>contributions</span></a> receivable on the face of a statement of financial position pursuant to paragraph <a href=\"/asc/310/958/#310-958-45-1\" class=\"xref\">958-310-45-1</a>. </span></span> </div> </li> </ol> </div> </div>","snippet":"Recipients of unconditional promises to give shall disclose all of the following:\n(a) The amounts of promises receivable in less than one year, in one to five years, and in more than five years\n(b) The amount of the allo…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e435a5bb791313d9692e8f88051a5c8441e1fc41b4813c3a18736bbc639144c2","downloaded_from":"2026-09-09T23:32:26.682Z","last_downloaded_at":"2026-09-09T23:32:26.682Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478933","source_sha256":"a67eedd0fdb440ae1b2ca3c88d79508fcb0fb7bce601ebd4d0d33a20bdb75859"}},{"citation":"310-958-50-2","para":"50-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">As illustrated in paragraph <a href=\"/asc/605/958/#605-958-55-22\" class=\"xref\">958-605-55-22</a>, the allowance for uncollectible promises to give does not include amounts determined to be uncollectible when the contributions receivable were initially measured.<span class=\"sfragment\" id=\"sfr_33D6147A-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"> For example, assume that, on the last day of its fiscal year, a <a href=\"/glossary/n/#not-for-profit-entity\" class=\"term\" title=\"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.\"><span>not-for-profit entity</span></a> (NFP) receives promises to give $100 in 5 years, that the estimated future cash flows from the promises are $70, and that the present value of the estimated future cash flows is $50. The notes to financial statements should disclose unconditional promises to give of $70 and unamortized discount of $20. </span></span></div> </div>","snippet":"As illustrated in paragraph 958-605-55-22, the allowance for uncollectible promises to give does not include amounts determined to be uncollectible when the contributions receivable were initially measured. For example, …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:569725cd934df454f5ecde78ee984a9d32bf0a37721dd36dcdb6405ad0f2296c","downloaded_from":"2026-09-09T23:32:26.682Z","last_downloaded_at":"2026-09-09T23:32:26.682Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478933","source_sha256":"a67eedd0fdb440ae1b2ca3c88d79508fcb0fb7bce601ebd4d0d33a20bdb75859"}},{"citation":"310-958-50-3","para":"50-3","html":"<div class=\"asc-body\"><div class=\"norm-text\">If unconditional promises to give are subsequently measured at <a href=\"/glossary/f/#fair-value\" class=\"term\" title=\"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.\"><span>fair value</span></a>, the notes to financial statements shall also include the following disclosures:<ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_33D615EC-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Disclosures required by paragraphs <div class=\"xref-range displayInline\"><a href=\"/asc/820/10/#820-10-50-1C\" class=\"xref\">820-10-50-1C through 50-2</a></div> and <div class=\"xref-range displayInline\"><a href=\"/asc/820/10/#820-10-50-2B\" class=\"xref\">820-10-50-2B through 50-2E</a></div> in the format described in paragraph <a href=\"/asc/820/10/#820-10-50-8\" class=\"xref\">820-10-50-8</a></span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_33D61761-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Disclosures required by paragraphs <div class=\"xref-range displayInline\"><a href=\"/asc/825/10/#825-10-50-28\" class=\"xref\">825-10-50-28 through 50-31</a></div></span></span></div></li><li class=\"li-norm\"><span class=\"linum\">c</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_33D618B4-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Disclosures required by paragraph <a href=\"/asc/825/10/#825-10-50-32\" class=\"xref\">825-10-50-32</a>, if an election to report unconditional promises to give is made after initial recognition pursuant to paragraph <a href=\"/asc/825/10/#825-10-25-4\" class=\"xref\">825-10-25-4(e)</a>. </span></span></div></li></ol></div> </div>","snippet":"If unconditional promises to give are subsequently measured at fair value, the notes to financial statements shall also include the following disclosures:\n(a) Disclosures required by paragraphs 820-10-50-1C through 50-2 …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7ef2759b87d7fd0ae7c32d857c7cee823e7e10c42a9c4ed7130bd80546d3211e","downloaded_from":"2026-09-09T23:32:26.682Z","last_downloaded_at":"2026-09-09T23:32:26.682Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478933","source_sha256":"a67eedd0fdb440ae1b2ca3c88d79508fcb0fb7bce601ebd4d0d33a20bdb75859"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ac09d13574b92ace5b7aa7bf01997eb3e5546eb069210b72d9d38450ff3c0d29","downloaded_from":"2026-09-09T23:32:26.682Z","last_downloaded_at":"2026-09-09T23:32:26.682Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478933","source_sha256":"a67eedd0fdb440ae1b2ca3c88d79508fcb0fb7bce601ebd4d0d33a20bdb75859"}},{"block":null,"heading":"Conditional Promises to Give","paragraphs":[{"citation":"310-958-50-4","para":"50-4","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_33D619CF-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"> Recipients of <a href=\"/glossary/c/#conditional-promise-to-give\" class=\"term\" title=\"A promise to give that is subject to a donor-imposed condition.\"><span>conditional promises to give</span></a> shall disclose both of the following: </span></span> <ol class=\"ol-norm\"> <li class=\"li-norm\"><span class=\"linum\">a</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_33D61B71-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The total of the amounts promised </span></span> </div> </li> <li class=\"li-norm\"><span class=\"linum\">b</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_33D61C52-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">A description and amount for each group of promises having similar characteristics, such as amounts of promises conditioned on establishing new programs, completing a new building, and raising matching gifts by a specified date. </span></span> </div> </li> </ol> </div> </div>","snippet":"Recipients of conditional promises to give shall disclose both of the following:\n(a) The total of the amounts promised\n(b) A description and amount for each group of promises having similar characteristics, such as amoun…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:05c41f94b74c301f094db32f8aa09e28db82bbc87268ffc482ac7ac6eb6a77f1","downloaded_from":"2026-09-09T23:32:26.682Z","last_downloaded_at":"2026-09-09T23:32:26.682Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478933","source_sha256":"a67eedd0fdb440ae1b2ca3c88d79508fcb0fb7bce601ebd4d0d33a20bdb75859"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:58302f151f08b564e4aae901b59b826d5605c7d6dcd87816695714115e983bfd","downloaded_from":"2026-09-09T23:32:26.682Z","last_downloaded_at":"2026-09-09T23:32:26.682Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478933","source_sha256":"a67eedd0fdb440ae1b2ca3c88d79508fcb0fb7bce601ebd4d0d33a20bdb75859"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:aac933ed0b70e80596fd1e2b6ead9345ca9d71bdbd5b7d4893408ff25667349f","downloaded_from":"2026-09-09T23:32:26.682Z","last_downloaded_at":"2026-09-09T23:32:26.682Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478933","source_sha256":"a67eedd0fdb440ae1b2ca3c88d79508fcb0fb7bce601ebd4d0d33a20bdb75859"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:aac933ed0b70e80596fd1e2b6ead9345ca9d71bdbd5b7d4893408ff25667349f","downloaded_from":"2026-09-09T23:32:26.682Z","last_downloaded_at":"2026-09-09T23:32:26.682Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478933","source_sha256":"a67eedd0fdb440ae1b2ca3c88d79508fcb0fb7bce601ebd4d0d33a20bdb75859"}}