# ASC 405-958-30: Liabilities — Not-for-Profit Entities — 30 Initial Measurement

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/405/958/#30-initial-measurement)

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## ASC 405-958-30: 30 Initial Measurement

[Read section](https://asc.understandingaccounting.org/asc/405/958/#30-initial-measurement)

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##### [405-958-30-1](https://asc.understandingaccounting.org/asc/405/958/#405-958-30-1)

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For initial measurement guidance on liabilities that result from transfers of donated assets to [intermediaries](https://asc.understandingaccounting.org/glossary/i/#intermediary "Although in general usage the term intermediary encompasses a broad range of situations in which an entity acts between two or more other parties, in this usage, it refers to situations in which a recipient entity acts as a facilitator for the transfer of assets between a potential donor and a potential beneficiary (donee) but is neither an agent or trustee nor a donee and donor.") and [agents](https://asc.understandingaccounting.org/glossary/a/#agent "An entity that acts for and on behalf of another. Although the term agency has a legal definition, the term is used broadly to encompass not only legal agency, but also the relationships described in Topic 958. A recipient entity acts as an agent for and on behalf of a donor if it receives assets from the donor and agrees to use those assets on behalf of or transfer those assets, the return on investment of those assets, or both to a specified beneficiary. A recipient entity acts as an agent for and on behalf of a beneficiary if it agrees to solicit assets from potential donors specifically for the beneficiary's use and to distribute those assets to the beneficiary. A recipient entity also acts as an agent if a beneficiary can compel the recipient entity to make distributions to it or on its behalf."), see paragraph [958-605-30-13](https://asc.understandingaccounting.org/asc/605/958/#605-958-30-13).

##### [405-958-30-2](https://asc.understandingaccounting.org/asc/405/958/#405-958-30-2)

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For initial measurement guidance on liabilities that result from making [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."), see paragraphs

[720-25-30-1 through 30-2](https://asc.understandingaccounting.org/asc/720/25/#720-25-30-1)

.