# ASC 310-958: Receivables — Not-for-Profit Entities Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/310/958/) 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): 2026-09-09T23:32:03.631Z to 2026-09-09T23:32:29.176Z Record version: sha256:9d26d9a4d86fa3012fb078931a64f599c946cbaa56c3f4fffc2eb4162723f79e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 310-958: Receivables — Not-for-Profit Entities ### Machine-generated study aids ```json { "summary": "This subtopic governs contributions (promises to give) receivable — a receivable unique to not-for-profit entities — focusing on subsequent measurement, presentation, and disclosure after initial recognition under 958-605. Unconditional promises are recognized as an asset and revenue when received (with verifiable documentation), measured initially under 958-605-30-4 through 30-8, and thereafter either at fair value under the 825-10 fair value option or under the change-in-value rules in Section 35 (interest accretion is contribution revenue; decreases in expected assets are bad debt expense/loss; increases generally are not recognized except as recovery of previously recognized bad debts).", "key_points": [ "A promise to give is a written or oral agreement to contribute cash or other assets; an unconditional promise is recognized as revenue or gain and as an asset in the period received, but only with sufficient verifiable documentation (310-958-25-1; 958-605-25-2).", "An NFP may irrevocably elect the fair value option of Subtopic 825-10 for most receivables; if a present value technique is used, discount rate and other assumptions are updated each measurement date, and donor restrictions specific to the donee affect net asset classification, not fair value (310-958-35-1).", "Subsequent accruals of the interest element on promises measured at present value are reported as contribution revenue (835-30-35), and as an increase in net assets with donor restrictions if the underlying promise is donor restricted (310-958-35-6; 45-2).", "Decreases in value from changes in the quantity or nature of assets expected to be received are recognized in the period the expectation changes as bad debt expense or loss; increases are not recognized except as a recovery to the extent bad debt expense or loss was previously recognized (310-958-35-7 through 35-9).", "For promises to give securities with readily determinable fair values or debt securities, observed changes in the underlying fair value are recognized as increases or decreases in contribution revenue; for other noncash assets, only decreases are recognized — increases are not (310-958-35-11 through 35-13).", "Contributions receivable are reported net of the present value discount, with the discount separately disclosed on the face of the statement of financial position or in the notes (310-958-45-1).", "Required disclosures include amounts receivable in less than one year, one to five years, and more than five years, the allowance for uncollectible promises, the unamortized discount, and, for conditional promises, the total promised plus a description and amount of each group with similar characteristics (310-958-50-1; 50-4)." ], "categories": [ "Subsequent measurement", "Not-for-profit", "Disclosure", "Presentation" ], "audience_level": "intermediate", "student_note": "Exam questions love the asymmetry: declines in the expected quantity/nature of promised assets (and declines in the future fair value of promised noncash assets) hit income, but increases generally do not — except as a recovery of previously recognized bad debt, or for promised marketable securities where both increases and decreases run through contribution revenue. A common mistake is reflecting donor-imposed restrictions in the fair value measurement instead of in the net asset classification.", "related_topics": [ "958-605", "958-310", "825-10", "820-10", "835-30", "958-10" ], "key_concepts": [ "promises to give", "contributions receivable", "unconditional promise", "conditional promise", "present value discount", "fair value option", "allowance for uncollectible promises", "net assets with donor restrictions" ] } ``` Source downloaded (UTC): 2026-09-09T23:32:03.631Z to 2026-09-09T23:32:03.631Z Record version: sha256:25f25dcad36aa60bffc40693b18fda149f00fec6eaf3bf33046162210d65d86f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 310-958-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/310/958/#00-status) SEC content: no ##### [310-958-00-1](https://asc.understandingaccounting.org/asc/310/958/#310-958-00-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:32:03.631Z to 2026-09-09T23:32:03.631Z Record version: sha256:3dac1f742879983915bf3a6c891ed84425818e04e4af6827337790d42f7569a3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Conditional ContributionAddedAccounting Standards Update No. 2018-0806/21/2018
Conditional Promise to GiveAmendedAccounting Standards Update No. 2018-0806/21/2018
ContributionAmendedAccounting Standards Update No. 2018-0806/21/2018
ContributionAmendedAccounting Standards Update No. 2010-0701/28/2010
Donor-Imposed ConditionAddedAccounting Standards Update No. 2018-0806/21/2018
Donor-Imposed RestrictionAddedAccounting Standards Update No. 2016-1408/18/2016
Net AssetsAmendedAccounting Standards Update No. 2016-1408/18/2016
Net Assets with Donor RestrictionsAddedAccounting Standards Update No. 2016-1408/18/2016
Net Assets without Donor RestrictionsAddedAccounting Standards Update No. 2016-1408/18/2016
Permanently Restricted Net AssetsSupersededAccounting Standards Update No. 2016-1408/18/2016
Temporarily Restricted Net AssetsSupersededAccounting Standards Update No. 2016-1408/18/2016
Unrestricted Net AssetsSupersededAccounting Standards Update No. 2016-1408/18/2016
958-310-35-1AmendedAccounting Standards Update No. 2011-0405/12/2011
958-310-35-3SupersededAccounting Standards Update No. 2025-1212/17/2025
958-310-35-7 through 35-9
AmendedAccounting Standards Update No. 2012-0410/01/2012
958-310-35-11AmendedAccounting Standards Update No. 2012-0410/01/2012
958-310-35-12AmendedAccounting Standards Update No. 2012-0410/01/2012
958-310-45-1AmendedMaintenance Update 2020-18 (PDF)11/25/2020
958-310-45-2AmendedAccounting Standards Update No. 2016-1408/18/2016
958-310-45-3AmendedAccounting Standards Update No. 2016-1408/18/2016
958-310-50-3AmendedAccounting Standards Update No. 2018-1308/28/2018
958-310-50-3AmendedAccounting Standards Update No. 2011-0405/12/2011
958-310-55-1AmendedAccounting Standards Update No. 2012-0410/01/2012
Source downloaded (UTC): 2026-09-09T23:32:07.583Z to 2026-09-09T23:32:07.583Z Record version: sha256:bcb3e931b207bfeafc5d5e008d256cb2acff405ec4dc00b2b20e0f6275626235 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 310-958-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/310/958/#05-overview-and-background) SEC content: no ##### [310-958-05-1](https://asc.understandingaccounting.org/asc/310/958/#310-958-05-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:32:07.583Z to 2026-09-09T23:32:07.583Z Record version: sha256:269a2b0f57e5a439b7ce9eff566c6644ef7322e1c6b81f32d881a062147788b4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic provides guidance about a type of receivable unique to [not-for-profit entities](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.") (NFPs)—[promises 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.") ([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. NFPs also shall apply the initial recognition and measurement standards for promises to give in Subtopic 958-605. Source downloaded (UTC): 2026-09-09T23:32:09.768Z to 2026-09-09T23:32:09.768Z Record version: sha256:ccb49dd6c26c7182f45a9f9bf13dd1de721e079ff9d7fe3abb3a06a5b28b6667 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 310-958-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/310/958/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [310-958-15-1](https://asc.understandingaccounting.org/asc/310/958/#310-958-15-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:32:09.768Z to 2026-09-09T23:32:09.768Z Record version: sha256:40f1f9343b14d861c779a189b3d4bfa7e873bd7322db7a41de37a0ea740c8a55 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 958-10-15. Source downloaded (UTC): 2026-09-09T23:32:16.296Z to 2026-09-09T23:32:16.296Z Record version: sha256:bb6acb35a20395fc3184671d9a200868f3293ef25c2e773c9a876563e6fda888 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 310-958-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/310/958/#25-recognition) SEC content: no #### Contributions Receivable ##### [310-958-25-1](https://asc.understandingaccounting.org/asc/310/958/#310-958-25-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:32:16.296Z to 2026-09-09T23:32:16.296Z Record version: sha256:b211c03092d90365c36b9daa779b1d7fb0c27ad57e5b06438dc7ebf8a4aedde9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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.") 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](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.") shall be recognized as revenue or gain in the period received and as an asset in accordance with paragraphs [958-605-25-7 through 25-15](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-7) . Pursuant to paragraph [958-605-25-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-2), to be recognized in financial statements there must be sufficient evidence in the form of verifiable documentation that a promise was made and received. Source downloaded (UTC): 2026-09-09T23:32:19.409Z to 2026-09-09T23:32:19.409Z Record version: sha256:356a7e5dcd77b07cff97295b5039937267e7161e1fddf0e04da39ad8d03618f8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 310-958-30: 30 Initial Measurement [Read section](https://asc.understandingaccounting.org/asc/310/958/#30-initial-measurement) SEC content: no #### Contributions Receivable ##### [310-958-30-1](https://asc.understandingaccounting.org/asc/310/958/#310-958-30-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:32:19.409Z to 2026-09-09T23:32:19.409Z Record version: sha256:dcecb779e154b7ffe269ca47f54692557cbe4b3e0d7323171232e0297d91c63e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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.") shall be initially measured in accordance with paragraphs [958-605-30-4 through 30-8](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-4) . 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. Source downloaded (UTC): 2026-09-09T23:32:23.859Z to 2026-09-09T23:32:23.859Z Record version: sha256:b118eeb758a83b07fe58386ad645e9e5d4443496e3758813d7c422f19e6cca9b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 310-958-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/310/958/#45-other-presentation-matters) SEC content: no #### Contributions Receivable—Statement of Financial Position ##### [310-958-45-1](https://asc.understandingaccounting.org/asc/310/958/#310-958-45-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:32:23.859Z to 2026-09-09T23:32:23.859Z Record version: sha256:0d5fc743f8d0fdfc7602928ad50c5f638ba055a2dade62caa3372aa95a7d5426 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [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) Pending content: no Source downloaded (UTC): 2026-09-09T23:32:23.859Z to 2026-09-09T23:32:23.859Z Record version: sha256:1540f4f631199b5ef1a1da59eef3e05f161164065f9b55dbbb2bff07a2fd01ac Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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) Pending content: no Source downloaded (UTC): 2026-09-09T23:32:23.859Z to 2026-09-09T23:32:23.859Z Record version: sha256:619123ea23fedf9bfa244e90ed1e35120272844199f0925bc8a6bc9b5832ac20 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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. Source downloaded (UTC): 2026-09-09T23:32:26.682Z to 2026-09-09T23:32:26.682Z Record version: sha256:aac933ed0b70e80596fd1e2b6ead9345ca9d71bdbd5b7d4893408ff25667349f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 310-958-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/310/958/#50-disclosure) SEC content: no #### Contributions Receivable ##### [310-958-50-1](https://asc.understandingaccounting.org/asc/310/958/#310-958-50-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:32:26.682Z to 2026-09-09T23:32:26.682Z Record version: sha256:e435a5bb791313d9692e8f88051a5c8441e1fc41b4813c3a18736bbc639144c2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Recipients of [unconditional promises 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.") shall disclose all of the following: 1. a The amounts of promises receivable in less than one year, in one to five years, and in more than five years 2. b The amount of the allowance for uncollectible promises receivable 3. c 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, if that discount is not separately disclosed by reporting it as a deduction from [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 on the face of a statement of financial position pursuant to paragraph [958-310-45-1](https://asc.understandingaccounting.org/asc/310/958/#310-958-45-1). ##### [310-958-50-2](https://asc.understandingaccounting.org/asc/310/958/#310-958-50-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:32:26.682Z to 2026-09-09T23:32:26.682Z Record version: sha256:569725cd934df454f5ecde78ee984a9d32bf0a37721dd36dcdb6405ad0f2296c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. As illustrated in paragraph [958-605-55-22](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-22), the allowance for uncollectible promises to give does not include amounts determined to be uncollectible when the contributions receivable were initially measured. For example, assume that, on the last day of its fiscal year, 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) 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. ##### [310-958-50-3](https://asc.understandingaccounting.org/asc/310/958/#310-958-50-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:32:26.682Z to 2026-09-09T23:32:26.682Z Record version: sha256:7ef2759b87d7fd0ae7c32d857c7cee823e7e10c42a9c4ed7130bd80546d3211e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If unconditional promises to give are subsequently measured at [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."), the notes to financial statements shall also include the following disclosures: 1. a Disclosures required by paragraphs [820-10-50-1C through 50-2](https://asc.understandingaccounting.org/asc/820/10/#820-10-50-1C) and [820-10-50-2B through 50-2E](https://asc.understandingaccounting.org/asc/820/10/#820-10-50-2B) in the format described in paragraph [820-10-50-8](https://asc.understandingaccounting.org/asc/820/10/#820-10-50-8) 2. b Disclosures required by paragraphs [825-10-50-28 through 50-31](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-28) 3. c Disclosures required by paragraph [825-10-50-32](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-32), if an election to report unconditional promises to give is made after initial recognition pursuant to paragraph [825-10-25-4(e)](https://asc.understandingaccounting.org/asc/825/10/#825-10-25-4). #### Conditional Promises to Give ##### [310-958-50-4](https://asc.understandingaccounting.org/asc/310/958/#310-958-50-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:32:26.682Z to 2026-09-09T23:32:26.682Z Record version: sha256:05c41f94b74c301f094db32f8aa09e28db82bbc87268ffc482ac7ac6eb6a77f1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Recipients of [conditional promises to give](https://asc.understandingaccounting.org/glossary/c/#conditional-promise-to-give "A promise to give that is subject to a donor-imposed condition.") shall disclose both of the following: 1. a The total of the amounts promised 2. b 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. Source downloaded (UTC): 2026-09-09T23:32:29.176Z to 2026-09-09T23:32:29.176Z Record version: sha256:8b561a888590352fc061e41326bcd843292c321b4c66f57c0ad230f850b81199 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 310-958-55: 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/310/958/#55-implementation-guidance-and-illustrations) SEC content: no #### Illustrations ##### [310-958-55-1](https://asc.understandingaccounting.org/asc/310/958/#310-958-55-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:32:29.176Z to 2026-09-09T23:32:29.176Z Record version: sha256:30535142ae040d4c82e2af6eb7547c511c0baacd794c96066a6d9d5c2687d673 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the accounting for changes in the value of [unconditional promises 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.") after initial recognition but before collection, pursuant to paragraphs [958-310-35-7 through 35-13](https://asc.understandingaccounting.org/asc/310/958/#310-958-35-7) , if those [promises 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.") are not measured subsequently at [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."). The following table illustrates the reason for the change in value. - ![ ](https://asc.understandingaccounting.org/asc-img/GUID-B43C28CB-FEFD-4760-B2AE-0A7CF114753E-low.gif) Reason for the Change in Fair Value Underlying Asset Change in Collectibility of the Receivable Change in the Fair Value of the Underlying Asset Increase in Fair Value Decrease in Fair Value Increase in Future Fair Value "Decrease in Future Fair Value" Cash No adjustment (a) Recognize expense or loss (bad debt) Not applicable Not applicable Securities (b) No adjustment (a) Recognize expense or loss (bad debt) Recognize additional contribution revenue Recognize a decrease in contribution revenue Other assets No adjustment (a) Recognize expense or loss (bad debt) No adjustment Recognize a decrease in contribution revenue (a) "Recoveries of previously recognized decreases in fair value resulting from changes in estimates of collectibility (up to the amount of decreases previously recognized), however, shall be recognized as reductions of bad debt expense or loss." (b) "For purposes of this table, securities are defined as equity securities with readily determinable fair values and all debt securities, consistent with the use of the terms in Subtopic 958-320."