# ASC 405-958-50: Liabilities — Not-for-Profit Entities — 50 Disclosure

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/405/958/#50-disclosure)

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## ASC 405-958-50: 50 Disclosure

[Read section](https://asc.understandingaccounting.org/asc/405/958/#50-disclosure)

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#### Liability for Promises to Give

##### [405-958-50-1](https://asc.understandingaccounting.org/asc/405/958/#405-958-50-1)

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In addition to disclosures required by Section 450-20-50, the notes to financial statements shall include a schedule 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.") 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 [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.") that are reported using present value techniques, the unamortized discount.