# ASC 605-958-25: Revenue Recognition — Not-for-Profit Entities — 25 Recognition Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/605/958/#25-recognition) 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): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:fae030e4639876b56ee1cc746725410e7b6fcb17d02a4a364b0d3b509b57923a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-958-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/958/#25-recognition) SEC content: no ##### [605-958-25-1](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:85d7e854bfc86505a0cb129cfcf2ce597bccd3dc2802b983f7541b9cbc858197 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Exchange transactions shall be accounted for in accordance with other applicable Topics, such as Topic 606 on [revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") from [contracts](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") with [customers](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration."). ### Contributions Received ##### [605-958-25-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:b8ea6039e489e09abd35b9d45eb7b9856d3b3f0ba8e82ebcffe3152d06162b0f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Except as provided in paragraphs [958-605-25-16 through 25-19](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-16) (related to contributed services, works of art, historical treasures, and similar items), [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.") received shall be recognized as revenues or gains in the period received and as assets, decreases of liabilities, or expenses depending on the form of the benefits received. The classification of contributions received as revenues or gains depends on whether the transactions are part of the NFP's ongoing major or central activities (revenues), or are peripheral or incidental to the NFP (gains). A contribution made and a corresponding contribution received generally are recognized by both the donor and the donee at the same time, that is, when made or received, respectively, or if conditional, when the barrier is overcome. The definition of a contribution encompasses both a transfer of cash or other assets to an entity and a reduction, settlement, or cancellation of its liabilities. ##### [605-958-25-2A](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-2A) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:7e8707bc9adab497cfd508b9398e4cefaa70148555e054e338dc0c157bc53c94 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. After a contribution has been deemed not to contain a [donor-imposed condition](https://asc.understandingaccounting.org/glossary/d/#donor-imposed-condition "A donor stipulation (donors include other types of contributors, including makers of certain grants) that represents a barrier that must be overcome before the recipient is entitled to the assets transferred or promised. Failure to overcome the barrier gives the contributor a right of return of the assets it has transferred or gives the promisor a right of release from its obligation to transfer its assets.") (see paragraphs [958-605-25-5A through 25-5F](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-5A) ), an entity shall consider whether the contribution includes a [donor-imposed restriction](https://asc.understandingaccounting.org/glossary/d/#donor-imposed-restriction "A donor stipulation (donors include other types of contributors, including makers of certain grants) that specifies a use for a contributed asset that is more specific than broad limits resulting from the following: The nature of the not-for-profit entity (NFP) The environment in which it operates The purposes specified in its articles of incorporation or bylaws or comparable documents for an unincorporated association. Some donors impose restrictions that are temporary in nature, for example, stipulating that resources be used after a specified date, for particular programs or services, or to acquire buildings or equipment. Other donors impose restrictions that are perpetual in nature, for example, stipulating that resources be maintained in perpetuity. Laws may extend those limits to investment returns from those resources and to other enhancements (diminishments) of those resources. Thus, those laws extend donor-imposed restrictions."), which includes the consideration about how broad or narrow the purpose of the agreement is and whether the resources can be used only after a specified date. ##### [605-958-25-3](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:4a5a452c14c74d128cdbe1efdce253771ab20433213decfe378bc4699a478da6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Donor-imposed restrictions place limits on the use of contributed resources and may affect an entity's performance and its ability to provide services. However, limitations on the use of donated resources do not change the fundamental nature of the contribution transaction or conclusions about when to recognize the underlying event. ##### [605-958-25-4](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:dca8fc37c2b6c89b6fb77dda07312c09e31dd873587c77044427723b089104cf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A major uncertainty about the existence of value may indicate that an item received or given should not be recognized. For example, a gift of clothing or furniture has no value unless it can be utilized in either of the following ways: 1. a Used internally by the not-for-profit entity (NFP) or for program purposes 2. b Sold by the NFP. If an item is accepted solely to be saved for its potential future use in scientific or educational research and has no alternative use, it may have uncertain value, or perhaps no value, and shall not be recognized. For example, contributions of flora, fauna, photographs, and objects that are identified with historic persons, places, or events often have no value or have highly restricted alternative uses. ##### [605-958-25-5](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:d23f7dfc811d81653b75357c2f810c8252c0bed69aa1b1d92037d859c47f80d1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. However, contributed tangible property worth accepting generally possesses the common characteristic of all assets—future economic benefit or service potential. The future economic benefit or service potential of a tangible item usually can be obtained by exchanging it for cash or by using it to produce goods or services. Certain forms of contributed resources may be more difficult to measure reliably than others, but the form of the contributed resources alone should not change conclusions about whether to recognize the underlying event. ##### [605-958-25-5A](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-5A) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:310e4107d1d55e4329f4765971e557508c1cd86d21498087f090915752ddc539 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A donor-imposed condition must have both: 1. a One or more barriers that must be overcome before a recipient is entitled to the assets transferred or promised 2. b A right of return to the contributor for assets transferred (or for a reduction, settlement, or cancellation of liabilities) or a right of release of the promisor from its obligation to transfer assets (or reduce, settle, or cancel liabilities). ##### [605-958-25-5B](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-5B) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:0e44b0826bd5f90806d77168ec2119f93e813ce0a7a5aa927f833e78021dee2d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For a donor-imposed condition to exist, it must be determinable from the agreement (or another document referenced in the agreement) that a recipient is only entitled to the transferred assets or a future transfer of assets if it has overcome the barrier. An agreement does not need to include the specific phrase _right of return or release from obligation_; however, an agreement should be sufficiently clear to be able to support a reasonable conclusion about when a recipient would be entitled to the transfer of assets. In the absence of any apparent indication that a recipient is only entitled to the transferred assets or a future transfer of assets if it has overcome a barrier, the agreement shall not be considered to contain a right of return of assets transferred or a right of release from obligation and shall be deemed a contribution without donor-imposed conditions. #### Barrier ##### [605-958-25-5C](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-5C) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:cada0387e1000534e10b0e727aaade1156f75569509736d60283cbb10a4c81dd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity must evaluate the facts and circumstances of an agreement to determine whether a stipulation represents a barrier that must be overcome before the recipient is entitled to the assets transferred or promised. A barrier often places specific requirements on an organization about the use of the transferred assets to be entitled to those assets. A probability assessment about whether the recipient is likely to meet the stipulation is not a factor when determining whether an agreement contains a barrier. In cases of ambiguous donor stipulations, see paragraph [958-605-25-5E](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-5E). ##### [605-958-25-5D](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-5D) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:57b6d5d0886f64217af972dfbadca53ffa441f06159d29b9818c714ba0b6ca68 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table contains a list of indicators that may be helpful in determining whether an agreement contains a barrier. Depending on the facts and circumstances, some indicators may be more significant than others, and no single indicator shall be determinative. See paragraphs [958-605-55-17A through 55-17F](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-17A) and [958-605-55-70A through 55-70T](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-70A) for implementation guidance and illustrative examples on determining whether a contribution is conditional.
Indicates a Barrier
Measurable Performance-Related Barrier or Other Measurable Barrier
The agreement includes a measurable performance-related barrier or other measurable barrier.
Measurable performance-related barriers or other measurable barriers often are coupled with a time limitation (for example, indicating that the outcomes are to be achieved within a specified time frame).
Examples of measurable performance-related barriers include a requirement that indicates that a recipient's entitlement to transferred assets is contingent upon the achievement of any of the following:
  1. a
    A specified level of service
  2. b
    An identified number of units of output
  3. c
    A specific outcome.
Other measurable barriers stipulate that a recipient is entitled to the resources if an identified event occurs (for example, a matching requirement).
Limited Discretion by the Recipient on the Conduct of an Activity
The recipient has limited discretion over the manner in which an activity can be conducted. Limited discretion of the recipient is more specific than a donor-imposed restriction. Restrictions limit the use of a contribution to a specific activity or time but do not necessarily place limitations on how the activity is performed. Examples of limited discretion could include a requirement to follow specific guidelines about incurring qualifying expenses, a requirement to hire specific individuals as part of the workforce conducting the activity (such as the hiring of specified employees or an identified professor at a university), and a specific protocol that must be adhered to.
Stipulations That Are Related to the Purpose of the Agreement
The stipulations are related to the purpose of the agreement. Examples could include a requirement for (a) a homeless shelter to provide a specified number of meals to the homeless (also an example of a measurable performance-related barrier), (b) an animal shelter to expand its facility to accommodate a specified number of additional animals, and (c) a research report that summarizes the findings from a grant on gluten-related allergies.
A stipulation that is unrelated to the purpose of the agreement (for example, administrative and trivial stipulations) is not indicative of a barrier.
Administrative and trivial stipulations could include routine reporting such as a requirement to provide (a) an annual report or (b) a report that summarizes the recipient's performance to demonstrate the underlying actions that were taken to meet the barrier(s) specified in the agreement.
For example, a report that indicates the number of meals that a homeless shelter provided to the homeless is typically not a stipulation that would contribute to achieving the purpose of the agreement. Rather, the action of providing a specified number of meals to the homeless would meet the stipulation that is required by a recipient to achieve the purpose of the agreement.
##### [605-958-25-5E](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-5E) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:c1ac56ce9f36ea4feb3f96deaf45766814334ec98f95fe92ea0a9eca63f665d9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Determining whether a contribution is conditional can be difficult if it contains donor stipulations that do not clearly state whether both: 1. a One or more barriers exist 2. b The right to receive or retain payment or delivery of the promised assets depends on meeting those barriers. In cases of ambiguous donor stipulations, a contribution containing stipulations that are not clearly unconditional shall be presumed to be a [conditional contribution](https://asc.understandingaccounting.org/glossary/c/#conditional-contribution "A contribution that contains a donor-imposed condition."). ##### [605-958-25-5F](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-5F) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:02bb799df9116c96224054373faa119d127feef18d357bd36af1d6cf84d002af Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A transfer of assets that is a conditional contribution shall be accounted for as a refundable advance until the conditions have been substantially met or explicitly waived by the donor. ##### [605-958-25-6](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:037797e8c0d10464b38636d30ca691c912f0f35309e8f05690d4503540b7d31a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subsection provides additional guidance for the following types of contributed assets: 1. a Promises to give 2. b Contributed services 3. c Works of art, historical treasures, and similar items 4. d Items given for use in fundraising. #### Promises to Give ##### [605-958-25-7](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:c48c1d2cc048f7468ca98ff2bf760ce5abccf73f6fb6fac333a56cfa8965be62 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The recognition guidance in the Contributions Received Subsections depends on whether the [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 unconditional or conditional as follows. ##### [605-958-25-8](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:e97e64f3b7d47cbaeaf3a09914a297b3369fb38f898550ac792a6a31d83b5bd9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Pursuant to paragraph [958-605-25-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-2), 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 when it is received. However, to be recognized there must be sufficient evidence in the form of verifiable documentation that a promise was made and received. ##### [605-958-25-9](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:b3fd7774efaf8cd3c4c750a204bedcd08f9e3ce23eb40df19d1c537f7b5fdc66 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A communication that does not indicate clearly whether it is a promise is considered an unconditional promise to give if it indicates an unconditional intention to give that is legally enforceable. Legal enforceability refers to the availability of legal remedies, not the intent to use them. ##### [605-958-25-10](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:30f27da5984b45c107a4c4c389f18491a75469f8b1469a9f025ebb70764c40c6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Solicitations for donations that clearly include wording such as information to be used for budget purposes only or that clearly and explicitly allow resource providers to rescind their indications that they will give are intentions to give rather than promises to give and shall not be reported as contributions. ##### [605-958-25-11](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:4da876a3240abf3a439254227ae2eec36694c29bf622c8bc0c3d53fc59d7feef Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [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."), which contain donor-imposed conditions that represent a barrier that must be overcome as well as a right of release from obligation, shall be recognized when the condition or conditions on which they depend are substantially met, that is, when a conditional promise becomes unconditional. Imposing a condition creates a barrier that must be overcome before the recipient is entitled to the assets promised. For example, a promise to contribute cash if a like amount of new gifts is raised from others within 30 days and a provision that the cash will not be transferred if the gifts are not raised impose a condition on which entitlement to a promised gift depends. ##### [605-958-25-12](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:bab6e96be34ba52c4f45e66fe7b13cf06c2a68cd615efcd1269a2aa113d45a77 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2018-08](https://asc.understandingaccounting.org/updates/asu-2018-08/). ##### [605-958-25-13](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:bff9176b8cf6c78049d46746c8d3d3976c2280632ee54bb67c235f1a38f62b33 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A transfer of assets after a conditional promise to give is made and before the conditions are met is the same as a transfer of assets that is a conditional contribution (see paragraph [958-605-25-5F](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-5F)). A change in the original conditions of the agreement between promisor and promisee shall not be implied without an explicit waiver (see paragraph [958-605-35-2](https://asc.understandingaccounting.org/asc/605/958/#605-958-35-2)). ##### [605-958-25-14](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:2f8a1439d966b0a4b6c58ef02fbf69565e900b5e32b5d5f0aed512bfa2f8d0f4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2018-08](https://asc.understandingaccounting.org/updates/asu-2018-08/). ##### [605-958-25-15](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-15) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:f6c7610396f00b9d3c399ab53d7cd6b1424cc6dcbdf76904eb04d5e048b8e770 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Absence of a specified time for transfer of cash or other assets, by itself, does not necessarily lead to a determination that a promise to give is ambiguous. If the parties fail to express the time or place of performance and performance is unconditional, performance within a reasonable time after making a promise is an appropriate expectation; similarly, if a promise is conditional, performance within a reasonable time after fulfilling the condition is an appropriate expectation. Promises to give that are silent about payment terms but otherwise are clearly unconditional shall be accounted for as unconditional promises to give. #### Contributed Services ##### [605-958-25-16](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-16) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:5aa3b24372735e78ac72d342bc613aec1e6c576f305efff729c033fcd5c474eb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Contributions of services shall be recognized if the services received meet any of the following criteria: 1. a They create or enhance [nonfinancial assets](https://asc.understandingaccounting.org/glossary/n/#nonfinancial-asset "An asset that is not a financial asset. Nonfinancial assets include land, buildings, use of facilities or utilities, materials and supplies, intangible assets, or services."). 2. b They require [specialized skills](https://asc.understandingaccounting.org/glossary/s/#specialized-skills "Services that require expertise that is not possessed by most members of the general public or that require an individual to be licensed to practice the profession or craft."), are provided by individuals possessing those skills, and would typically need to be purchased if not provided by donation. Services requiring specialized skills are provided by accountants, architects, carpenters, doctors, electricians, lawyers, nurses, plumbers, teachers, and other professionals and craftsmen. Contributed services and promises to give services that do not meet these criteria shall not be recognized. See Examples 7 through 11 (paragraph [958-605-55-52 through 55-68](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-52) ) for illustrations of this guidance. ##### [605-958-25-17](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-17) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:31de29729c3a53b4adc12281b05805de893cd196ab5d95163e5cffed10133cc1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For services received from personnel of an [affiliate](https://asc.understandingaccounting.org/glossary/a/#affiliate "A party that, directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with an entity. See Control.") that directly benefit the recipient NFP and for which the affiliate does not charge the recipient NFP, the guidance in Subtopic 958-720 shall be followed. Charging the recipient NFP means requiring payment from the recipient NFP at least for the approximate amount of the direct personnel costs (for example, compensation and any payroll-related fringe benefits) incurred by the affiliate in providing a service to the recipient NFP or the approximate fair value of that service. #### Works of Art, Historical Treasures, and Similar Items ##### [605-958-25-18](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-18) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:623640c50f6bd4aeff5fa4fcc2e5ef4a8ecc67b6978322bf2181b5011b5857bf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Contributions of works of art, historical treasures, and similar items that are not part of a [collection](https://asc.understandingaccounting.org/glossary/c/#collections "Works of art, historical treasures, or similar assets that meet all of the following criteria: They are held for public exhibition, education, or research in furtherance of public service rather than financial gain. They are protected, kept unencumbered, cared for, and preserved. They are subject to an organizational policy that requires the use of proceeds from items that are sold to be for the acquisitions of new collection items, the direct care of existing collections, or both. Collections generally are held by museums; botanical gardens; libraries; aquariums; arboretums; historic sites; planetariums; zoos; art galleries; nature, science, and technology centers; and similar educational, research, and public service organizations that have those divisions; however, the definition is not limited to those entities nor does it apply to all items held by those entities.") shall be recognized as assets and as revenue or gains in financial statements pursuant to paragraph [958-360-25-2](https://asc.understandingaccounting.org/asc/360/958/#360-958-25-2). ##### [605-958-25-19](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-19) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:767109ac7e89071ce2fc15c8d550255e291a7b9756635316f813fcc9f8cb72d9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity need not recognize contributions of works of art, historical treasures, and similar assets if the donated items are added to collections that meet all three of the criteria in the definition of a collection. Contributed collection items shall be recognized as revenues or gains if collections are capitalized and shall not be recognized as revenues or gains if collections are not capitalized. An entity that does not recognize and capitalize its collections or that capitalizes collections prospectively shall disclose the additional information required by paragraphs [958-360-45-3](https://asc.understandingaccounting.org/asc/360/958/#360-958-45-3) and [958-360-45-5](https://asc.understandingaccounting.org/asc/360/958/#360-958-45-5). #### Items Given for Use in Fundraising ##### [605-958-25-20](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-20) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:161fc6fb7b675f25d6094244da88c3f031a0e53fe4468fa807211c8942fbd6f5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. NFPs may also receive items, such as tickets, gift certificates, works of art, and merchandise, that are to be used for fundraising purposes by transferring them to other resource providers (the ultimate resource provider or recipient) during fundraising events. Those gifts in kind can be linked to asset transfers from the original resource providers to the ultimate resource providers (recipients) because they are, in substance, part of the same transaction; those gifts in kind shall be reported as contributions and 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.") when originally received by an NFP. The difference between the amount received for those items from the ultimate resource providers (recipients) and the fair value of the gifts in kind when originally contributed to the NFP shall be recognized as adjustments to the original contributions when the items are transferred to the ultimate resource providers (recipients). ### Transfers of Assets to a Not-for-Profit Entity or Charitable Trust That Raises or Holds Contributions for Others ##### [605-958-25-21](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-21) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:1ceb3b8c23e670527bffa13d3a4339fcd4f12d08d240a3c60b24113750f46fcb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subsection provides recognition guidance for the following types of recipients of donated assets: 1. a Intermediaries 2. b Agents 3. c Specified beneficiaries. ##### [605-958-25-22](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-22) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:4aded89e7708c4546d75c0ec238e4d438c7347013d90df9d645ab4652dc849dc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. It also provides guidance for transfers to a [recipient entity](https://asc.understandingaccounting.org/glossary/r/#recipient-entity "A not-for-profit entity (NFP) or charitable trust that accepts assets from a donor or other resource provider and agrees to use those assets on behalf of or transfer those assets, the return on investment of those assets, or both to a beneficiary that is specified by the donor or resource provider.") that are not recognized as [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.") because of any of the following conditions: 1. a The transfer is revocable. 2. b The transfer is repayable. 3. c The transfer is reciprocal. #### Intermediary ##### [605-958-25-23](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-23) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:5300edb5b51f2c4161b6d788ded565761821f0927d851bdc4fccd3c33acbaf94 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If an [intermediary](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.") receives cash or other [financial assets](https://asc.understandingaccounting.org/glossary/f/#financial-asset "Cash, evidence of an ownership interest in an entity, or a contract that conveys to one entity a right to do either of the following: Receive cash or another financial instrument from a second entity Exchange other financial instruments on potentially favorable terms with the second entity."), it shall recognize its liability to the specified beneficiary concurrent with its recognition of the assets received from the donor. If an intermediary receives [nonfinancial assets](https://asc.understandingaccounting.org/glossary/n/#nonfinancial-asset "An asset that is not a financial asset. Nonfinancial assets include land, buildings, use of facilities or utilities, materials and supplies, intangible assets, or services."), it is permitted, but not required, to recognize its liability and those assets provided that the intermediary reports consistently from period to period and discloses its accounting policy. While not required, 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 choose to present its individual assets and liabilities by net asset class, in which case those assets and liabilities attributable to the agency transaction would be reported in the [net assets 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. #### Agent ##### [605-958-25-24](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-24) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:2fa92aeecfde6946c9045831193067b9744f29eca59c64f699b0d328932ce4fa Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Except as described in paragraphs [958-605-25-25](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-25) and [958-605-25-27](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-27), a [recipient entity](https://asc.understandingaccounting.org/glossary/r/#recipient-entity "A not-for-profit entity (NFP) or charitable trust that accepts assets from a donor or other resource provider and agrees to use those assets on behalf of or transfer those assets, the return on investment of those assets, or both to a beneficiary that is specified by the donor or resource provider.") that accepts assets from a 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 is not a donee. It shall recognize its liability to the specified beneficiary concurrent with its recognition of cash or other financial assets received from the donor. Except as described in those paragraphs, a recipient entity that receives nonfinancial assets is permitted, but not required, to recognize its liability and those assets provided that the recipient entity reports consistently from period to period and discloses its accounting policy. Similar to the guidance in paragraph [958-605-25-23](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-23), those assets and liabilities would be reported in the net assets without donor restrictions class. ##### [605-958-25-25](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-25) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:808c4f16dc6ff23a9a893e1438eacc1120adb243045bc7adff483b6fa643a79f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A recipient entity that is directed by a donor to distribute the transferred assets, the return on investment of those assets, or both to a specified unaffiliated beneficiary acts as a donee, rather than an [agent](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."), [trustee](https://asc.understandingaccounting.org/glossary/t/#trustee "An entity that has a duty to hold and manage assets for the benefit of a specified beneficiary in accordance with a charitable trust agreement. In some states, not-for-profit entities (NFPs) are organized under trust law rather than as corporations. Those NFPs are not trustees as defined because, under those statutes, they hold assets in trust for the community or some other broadly described group, rather than for a specific beneficiary."), or intermediary, if the donor explicitly grants the recipient entity [variance power](https://asc.understandingaccounting.org/glossary/v/#variance-power "The unilateral power to redirect the use of the transferred assets to another beneficiary. A donor explicitly grants variance power if the recipient entity's unilateral power to redirect the use of the assets is explicitly referred to in the instrument transferring the assets. Unilateral power means that the recipient entity can override the donor's instructions without approval from the donor, specified beneficiary, or any other interested party.")—that is, the unilateral power to redirect the use of the transferred assets to another beneficiary. ##### [605-958-25-26](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-26) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:b51a008cedba1b2af5ac27df0f322c8ca5a0832872693f0bb15cf13a56ca7142 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Although variance power has the appearance of being conditional, the asserted condition is not effective for the following reasons: 1. a The condition can be substantially met solely by a declaration of the governing board of the recipient entity that states that a distribution to a specified beneficiary is unnecessary, incapable of fulfillment, or inconsistent with the charitable needs of the community or not-for-profit entities (NFPs) being served. 2. b The variance power is unilateral—exercise of the power does not require approval from the donor, beneficiary, or any other interested party. A recipient entity that is explicitly granted variance power has the ability to use assets it receives to further its own purpose from the date it accepts the assets. In that situation, the recipient entity shall account for receipt of funds by recognizing an asset and corresponding contribution revenue unless the transfer is revocable, repayable, or reciprocal as described in paragraph [958-605-25-33](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-33). Example 10 (see paragraphs [958-605-55-106 through 55-110](https://asc.understandingaccounting.org/asc/605/958/#605-958-55-106) ) illustrates a reciprocal transaction in which the NFP transfers assets to a recipient entity and names itself as the specified beneficiary. ##### [605-958-25-27](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-27) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:a92dd0e41a93155b6c103f38233552a9bd86cc8b246631eb746699dfe79dc4e5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If a recipient entity and a specified beneficiary are [financially interrelated entities](https://asc.understandingaccounting.org/glossary/f/#financially-interrelated-entities "A recipient entity and a specified beneficiary are financially interrelated entities if the relationship between them has both of the following characteristics: One of the entities has the ability to influence the operating and financial decisions of the other. One of the entities has an ongoing economic interest in the net assets of the other.") and the recipient entity is not a trustee, the recipient entity shall recognize a contribution received when it receives assets (financial or nonfinancial) from the donor that are specified for the beneficiary. #### Specified Beneficiary ##### [605-958-25-28](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-28) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:e2ee4998ebdf3cded225cc5c6191af13b789a7bb002f8004bae23c091cfb0138 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A specified beneficiary shall recognize its rights to the assets (financial or nonfinancial) held by a recipient entity as an asset unless the recipient entity is explicitly granted variance power (see paragraph [958-605-25-25](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-25)). Those rights are any one of the following: 1. a An interest in the net assets of the recipient entity (see paragraph [958-605-25-32](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-32)) 2. b A beneficial interest 3. c A receivable. ##### [605-958-25-29](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-29) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:784bd7d3be9274a19091f454c1add3921124e864ed850e0cbe18d17ddbd5051d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If the beneficiary has an unconditional right to receive all or a portion of the specified cash flows from a charitable trust or other identifiable pool of assets, the beneficiary shall recognize that beneficial interest. ##### [605-958-25-30](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-30) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:83cb64e47c93ffd437151073b60296d765031a21f92b7682679ba088220fd4be Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If the beneficiary's rights are neither an interest in the net assets of the recipient entity (see paragraph [958-605-25-32](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-32)) nor a beneficial interest (see the preceding paragraph), a beneficiary shall recognize its rights to the assets held by a recipient entity as a receivable and contribution revenue in accordance with paragraphs [958-605-25-8 through 25-10](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-8) and [958-605-45-5](https://asc.understandingaccounting.org/asc/605/958/#605-958-45-5) for [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."). ##### [605-958-25-31](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-31) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:b08cbdfeb25e7c6274e508eee974a882efff4f984da7d141031be4dcebe9b0e8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If the donor explicitly grants a recipient entity variance power, the specified unaffiliated beneficiary shall not recognize its potential for future distributions from the assets held by the recipient entity. Those future distributions, if they occur, shall be recognized as contributions by the specified beneficiary when received or unconditionally promised. ##### [605-958-25-32](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-32) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:fa606db171996a4266c06bbca960577e0f1b7ab3be41ec1b461f092d4670773c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Pursuant to paragraph [958-20-25-2](https://asc.understandingaccounting.org/asc/958/20/#958-20-25-2), if the beneficiary and the recipient entity are financially interrelated entities, the beneficiary shall recognize its interest in the net assets of the recipient entity. See Subtopic 958-20 for additional information about transactions involving financially interrelated entities. #### Transfers That Are Not Contributions Because They Are Revocable, Repayable, or Reciprocal ##### [605-958-25-33](https://asc.understandingaccounting.org/asc/605/958/#605-958-25-33) Pending content: no Source downloaded (UTC): 2026-09-10T00:51:32.673Z to 2026-09-10T00:51:32.673Z Record version: sha256:30ba60bb57112d12d564c6e2b8f04e8a0d71a5bd7e86be493b4ca7da65e7a826 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A transfer of assets to a recipient entity is not a contribution and shall be accounted for as an asset by the resource provider and as a liability by the recipient entity if any of the following conditions are present: 1. a The transfer is subject to the resource provider's unilateral right to redirect the use of the assets to another beneficiary. 2. b The transfer is accompanied by the resource provider's [conditional promise to give](https://asc.understandingaccounting.org/glossary/c/#conditional-promise-to-give "A promise to give that is subject to a donor-imposed condition.") or is otherwise revocable or repayable. 3. c The resource provider controls the recipient entity and specifies an unaffiliated beneficiary. See the definition of [control](https://asc.understandingaccounting.org/glossary/c/#control "The direct or indirect ability to determine the direction of management and policies through ownership, contract, or otherwise.") in Subtopic 958-810. 4. d The resource provider specifies itself or its [affiliate](https://asc.understandingaccounting.org/glossary/a/#affiliate "A party that, directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with an entity. See Control.") as the beneficiary and the transfer is not an equity transaction (see paragraph [958-20-25-4](https://asc.understandingaccounting.org/asc/958/20/#958-20-25-4)).