# ASC 958-20-60: Not-for-Profit Entities — Financially Interrelated Entities — 60 Relationships

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/958/20/#60-relationships)

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## ASC 958-20-60: 60 Relationships

[Read section](https://asc.understandingaccounting.org/asc/958/20/#60-relationships)

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#### Investments—Equity Method and Joint Ventures

##### [958-20-60-1](https://asc.understandingaccounting.org/asc/958/20/#958-20-60-1)

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For the procedures required to report an interest in the net assets of 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.") using a method similar to the equity method, see Subtopic 323-10.

#### Related Party Disclosures

##### [958-20-60-2](https://asc.understandingaccounting.org/asc/958/20/#958-20-60-2)

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For a definition of a related party and the required disclosures of material related party transactions, see Topic 850.