{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/405/958/#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":"405","topic_title":"Liabilities","subtopic":"405-958","subtopic_title":"Not-for-Profit Entities","section":{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":"Liability for Promises to Give","paragraphs":[{"citation":"405-958-50-1","para":"50-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_375D9E21-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">In addition to disclosures required by Section <a altsource=\"GUID-C6FA6504-8DCA-4A60-B7C3-C902B444EF8E.ditamap\" class=\"ditamap\">450-20-50</a>, the notes to financial statements shall include a schedule 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> that shows the total amount separated into amounts payable in each of the next five years, the aggregate amount due in more than five years, and for unconditional <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>promises to give</span></a> that are reported using present value techniques, the unamortized discount.</span></span></div></div>","snippet":"In addition to disclosures required by Section 450-20-50, the notes to financial statements shall include a schedule of unconditional promises to give that shows the total amount separated into amounts payable in each of…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:72def096db6fa2fdf837e4b7eb584a460d1af7a6add3aaa66d886b70ad851822","downloaded_from":"2026-09-10T00:20:04.453Z","last_downloaded_at":"2026-09-10T00:20:04.453Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478127","source_sha256":"0c2820be3f2b9a2909656d482df8bb6a38ee4471a80af4f71b4a54324ed0a67d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0ea55544a158a5c3f25172d2b36708124046b6d86172acfcbb163cd14c335f5e","downloaded_from":"2026-09-10T00:20:04.453Z","last_downloaded_at":"2026-09-10T00:20:04.453Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478127","source_sha256":"0c2820be3f2b9a2909656d482df8bb6a38ee4471a80af4f71b4a54324ed0a67d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:38e92964f1e8138972357ac0f3411747c46339b2c9c9470dd30cef76a19a64d5","downloaded_from":"2026-09-10T00:20:04.453Z","last_downloaded_at":"2026-09-10T00:20:04.453Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478127","source_sha256":"0c2820be3f2b9a2909656d482df8bb6a38ee4471a80af4f71b4a54324ed0a67d"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:38e92964f1e8138972357ac0f3411747c46339b2c9c9470dd30cef76a19a64d5","downloaded_from":"2026-09-10T00:20:04.453Z","last_downloaded_at":"2026-09-10T00:20:04.453Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478127","source_sha256":"0c2820be3f2b9a2909656d482df8bb6a38ee4471a80af4f71b4a54324ed0a67d"}}