{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/605/958/#35-subsequent-measurement","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":"605","topic_title":"Revenue Recognition","subtopic":"605-958","subtopic_title":"Not-for-Profit Entities","section":{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":"Contributions Received","heading":null,"paragraphs":[{"citation":"605-958-35-1","para":"35-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">See Section <a href=\"/asc/310/958/#310-958-35-4\" class=\"xref\">958-310-35-4</a> for subsequent measurement guidance for <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>.</div></div>","snippet":"See Section 958-310-35-4 for subsequent measurement guidance for unconditional promises to give.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d488ea6d9123ba1564d6d209d9cf8c83b90556c5d01c70fc32306bda879662de","downloaded_from":"2026-09-10T00:51:39.264Z","last_downloaded_at":"2026-09-10T00:51:39.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478440","source_sha256":"6dc5ca75c3b15fafd80c378869c5651e616435fda118c0d4887d83edb1855783"}},{"citation":"605-958-35-2","para":"35-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_3904A806-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Pursuant to paragraph <a href=\"/asc/605/958/#605-958-25-13\" class=\"xref\">958-605-25-13</a>, if the maker of a <a href=\"/glossary/c/#conditional-promise-to-give\" class=\"term\" title=\"A promise to give that is subject to a donor-imposed condition.\"><span>conditional promise to give</span></a> transfers assets before specified conditions are substantially met, the transfer shall be recognized by the recipient as a refundable advance, a liability. When the conditions are substantially met, the refundable advance shall be recognized as revenue or gain. </span></span></div></div>","snippet":"Pursuant to paragraph 958-605-25-13, if the maker of a conditional promise to give transfers assets before specified conditions are substantially met, the transfer shall be recognized by the recipient as a refundable adv…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:54183d185d916e8768e93a3ad5fac6a19350ce7ec26a77ea0aeb983bd8e903e2","downloaded_from":"2026-09-10T00:51:39.264Z","last_downloaded_at":"2026-09-10T00:51:39.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478440","source_sha256":"6dc5ca75c3b15fafd80c378869c5651e616435fda118c0d4887d83edb1855783"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:39c92c41bff26216c61ef49da35c9ba0dcd87d83b8a601e1bc662a252358ad44","downloaded_from":"2026-09-10T00:51:39.264Z","last_downloaded_at":"2026-09-10T00:51:39.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478440","source_sha256":"6dc5ca75c3b15fafd80c378869c5651e616435fda118c0d4887d83edb1855783"}},{"block":"Transfers of Assets to a Not-for-Profit Entity or Charitable Trust That Raises or Holds Contributions for Others","heading":"Specified Beneficiary","paragraphs":[{"citation":"605-958-35-3","para":"35-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_39107F23-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">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 subsequently remeasure that beneficial interest at <a href=\"/glossary/f/#fair-value\" class=\"term\" title=\"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.\"><span>fair value</span></a> (see paragraph <a href=\"/asc/958/30/#958-30-35-10\" class=\"xref\">958-30-35-10</a>). </span></span><span class=\"sfragment\" id=\"sfr_391080C7-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The fair value of a <a href=\"/glossary/p/#perpetual-trust-held-by-a-third-party\" class=\"term\" title=\"An arrangement in which a donor establishes and funds a perpetual trust administered by an individual or entity other than the not-for-profit entity (NFP) that is the beneficiary. Under the terms of the trust, the NFP has the irrevocable right to receive the income earned on the trust assets in perpetuity, but never receives the assets held in trust. Distributions received by the NFP may be restricted by the donor.\"><span>perpetual trust held by a third party</span></a> generally can be measured using the fair value of the assets of the trust at the date of remeasurement, unless facts and circumstances indicate that the fair value of the beneficial interest differs from the fair value of the assets contributed to the trust. </span></span><span class=\"sfragment\" id=\"sfr_39108220-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Annual distributions from a perpetual trust held by a third party are reported as investment income. </span></span></div></div>","snippet":"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 subsequently remeasure that benefi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5e15d583fa3f54c9a71a3b1ba68a79b359dda88692a478aff2810c07ac2874be","downloaded_from":"2026-09-10T00:51:39.264Z","last_downloaded_at":"2026-09-10T00:51:39.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478440","source_sha256":"6dc5ca75c3b15fafd80c378869c5651e616435fda118c0d4887d83edb1855783"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a10d094be207b46dadeeeb840a7afea0015fdb8253421681a0e098ad5ef8acb7","downloaded_from":"2026-09-10T00:51:39.264Z","last_downloaded_at":"2026-09-10T00:51:39.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478440","source_sha256":"6dc5ca75c3b15fafd80c378869c5651e616435fda118c0d4887d83edb1855783"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:08b995cc2426b560cbd0d5c53b80fdca15b0d347d4f4d0bdc1a27b4952d5b384","downloaded_from":"2026-09-10T00:51:39.264Z","last_downloaded_at":"2026-09-10T00:51:39.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478440","source_sha256":"6dc5ca75c3b15fafd80c378869c5651e616435fda118c0d4887d83edb1855783"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:08b995cc2426b560cbd0d5c53b80fdca15b0d347d4f4d0bdc1a27b4952d5b384","downloaded_from":"2026-09-10T00:51:39.264Z","last_downloaded_at":"2026-09-10T00:51:39.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478440","source_sha256":"6dc5ca75c3b15fafd80c378869c5651e616435fda118c0d4887d83edb1855783"}}