{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/958/30/#05-overview-and-background","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":"958","topic_title":"Not-for-Profit Entities","subtopic":"958-30","subtopic_title":"Split-Interest Agreements","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"958-30-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic provides guidance for reporting arrangements under which a <a href=\"/glossary/n/#not-for-profit-entity\" class=\"term\" title=\"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.\"><span>not-for-profit entity</span></a> (NFP) shares the benefits of assets with other beneficiaries (a <a href=\"/glossary/s/#split-interest-agreement\" class=\"term\" title=\"An agreement in which a donor enters into a trust or other arrangement under which a not-for-profit entity (NFP) receives benefits that are shared with other beneficiaries. A typical split-interest agreement has the following two components: A lead interest A remainder interest.\"><span>split-interest agreement</span></a>). Those other beneficiaries generally are not NFPs. For example, a donor may give an NFP the right to receive all or a portion of the specified cash flows from a charitable trust or other identifiable pool of assets that is held either by the NFP or by an unrelated third party (such as a bank, trust company, foundation, or private individual).</div> </div>","snippet":"This Subtopic provides guidance for reporting arrangements under which a not-for-profit entity (NFP) shares the benefits of assets with other beneficiaries (a split-interest agreement). Those other beneficiaries generall…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:036d9377a3e2b5c1873bee56e3534338790f004bbf41f5b990d08313cf9b4059","downloaded_from":"2026-09-10T02:22:01.739Z","last_downloaded_at":"2026-09-10T02:22:01.739Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480797","source_sha256":"e347db57098cfac5efae34be4c59b7a3ed30802f9be8e2b74154032d80d0018f"}},{"citation":"958-30-05-2","para":"05-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">If the NFP shares the cash flows with another beneficiary, that agreement is subject to the guidance in this Subtopic.</div> </div>","snippet":"If the NFP shares the cash flows with another beneficiary, that agreement is subject to the guidance in this Subtopic.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0379c27cefe5b0c337eb6b4f2456a111116a6c49484a7e93733b6e4327f56711","downloaded_from":"2026-09-10T02:22:01.739Z","last_downloaded_at":"2026-09-10T02:22:01.739Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480797","source_sha256":"e347db57098cfac5efae34be4c59b7a3ed30802f9be8e2b74154032d80d0018f"}},{"citation":"958-30-05-3","para":"05-3","html":"<div class=\"asc-body\"><div class=\"norm-text\">If the NFP controls the rights to all of the specified cash flows from the trust or other identifiable pool of assets, the agreement is subject to the guidance in paragraphs <div class=\"xref-range displayInline\"><a href=\"/asc/605/958/#605-958-25-28\" class=\"xref\">958-605-25-28 through 25-30</a></div>.</div> </div>","snippet":"If the NFP controls the rights to all of the specified cash flows from the trust or other identifiable pool of assets, the agreement is subject to the guidance in paragraphs 958-605-25-28 through 25-30.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:17c692c3babf53b3d2100bac9f63b7e486571914932e46075071c05aeaa374dc","downloaded_from":"2026-09-10T02:22:01.739Z","last_downloaded_at":"2026-09-10T02:22:01.739Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480797","source_sha256":"e347db57098cfac5efae34be4c59b7a3ed30802f9be8e2b74154032d80d0018f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:126947a6504e2826beabd15f9e00a9183ca083d548264789387e6cb9d7c77342","downloaded_from":"2026-09-10T02:22:01.739Z","last_downloaded_at":"2026-09-10T02:22:01.739Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480797","source_sha256":"e347db57098cfac5efae34be4c59b7a3ed30802f9be8e2b74154032d80d0018f"}},{"block":null,"heading":"General Structure","paragraphs":[{"citation":"958-30-05-4","para":"05-4","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_327F0107-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Split-interest agreements are agreements in which donors enter into trusts or other arrangements under which an NFP receives benefits that are shared with other beneficiaries that generally are not NFPs. A typical split-interest agreement has the following two components: </span></span> <ol class=\"ol-norm\"> <li class=\"li-norm\"><span class=\"linum\">a</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_327F029F-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">A <a href=\"/glossary/l/#lead-interest\" class=\"term\" title=\"The right to the benefits (cash flows or use) of assets during the term of a split-interest agreement, which generally starts upon the signing of the agreement and terminates at either of the following times: After a specified number of years (period-certain) Upon the occurrence of a certain event, commonly either the death of the donor or the death of the lead interest beneficiary (life-contingent).\"><span>lead interest</span></a></span></span> </div> </li> <li class=\"li-norm\"><span class=\"linum\">b</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_327F03EB-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">A <a href=\"/glossary/r/#remainder-interest\" class=\"term\" title=\"The right to receive all or a portion of the assets of a split-interest agreement remaining at the end of the agreement's term.\"><span>remainder interest</span></a>. </span></span> </div> </li> </ol> </div> </div>","snippet":"Split-interest agreements are agreements in which donors enter into trusts or other arrangements under which an NFP receives benefits that are shared with other beneficiaries that generally are not NFPs. A typical split-…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9cd6ce395a073dc14d38be0c2937ab03b7b24ca0f74e59afb45ac411cee4beb3","downloaded_from":"2026-09-10T02:22:01.739Z","last_downloaded_at":"2026-09-10T02:22:01.739Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480797","source_sha256":"e347db57098cfac5efae34be4c59b7a3ed30802f9be8e2b74154032d80d0018f"}},{"citation":"958-30-05-5","para":"05-5","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_327F050F-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The lead interest is the right to the benefits (cash flows or use) of assets during the term of the split-interest agreement, which generally starts upon the signing of the agreement and terminates at either of the following times: </span></span> <ol class=\"ol-norm\"> <li class=\"li-norm\"><span class=\"linum\">a</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_327F0607-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">After a specified number of years (period-certain) </span></span> </div> </li> <li class=\"li-norm\"><span class=\"linum\">b</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_327F0749-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Upon the occurrence of a certain event, commonly either the death of the donor or the death of the lead interest beneficiary (life-contingent). </span></span> </div> </li> </ol> <span class=\"sfragment\" id=\"sfr_327F0853-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The remainder interest is the right to receive all or a portion of the assets of a split-interest agreement remaining at the end of the agreement's term. </span></span> </div> </div>","snippet":"The lead interest is the right to the benefits (cash flows or use) of assets during the term of the split-interest agreement, which generally starts upon the signing of the agreement and terminates at either of the follo…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3b4f3eb6ef46cf34643f7be0c00bbb9cd3ff6d14f6b20334643e3eddd1e8fd72","downloaded_from":"2026-09-10T02:22:01.739Z","last_downloaded_at":"2026-09-10T02:22:01.739Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480797","source_sha256":"e347db57098cfac5efae34be4c59b7a3ed30802f9be8e2b74154032d80d0018f"}},{"citation":"958-30-05-6","para":"05-6","html":"<div class=\"asc-body\"><div class=\"norm-text\">Split-interest agreements can take any one of the following forms:<ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><a href=\"/glossary/c/#charitable-lead-annuity-trust\" class=\"term\" title=\"A trust established in connection with a split-interest agreement, in which a not-for-profit entity (NFP) receives distributions of a fixed amount during the agreement's term. Upon termination of the trust, the remainder of the trust assets is paid to the donor or to third-party beneficiaries designated by the donor.\"><span>Charitable lead annuity trust</span></a></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><a href=\"/glossary/c/#charitable-lead-unitrust\" class=\"term\" title=\"A trust established in connection with a split-interest agreement, in which a not-for-profit entity (NFP) receives distributions of a fixed percentage of the fair value of the trust's assets during the agreement's term. Upon termination of the trust, the remainder of the trust assets is paid to the donor or to third-party beneficiaries designated by the donor.\"><span>Charitable lead unitrust</span></a></div></li><li class=\"li-norm\"><span class=\"linum\">c</span><div class=\"p\"><a href=\"/glossary/c/#charitable-remainder-annuity-trust\" class=\"term\" title=\"A trust established in connection with a split-interest agreement, in which the donor or a third-party beneficiary receives distributions of a fixed amount during the agreement's term. Upon termination of the trust, a not-for-profit entity (NFP) receives the assets remaining in the trust.\"><span>Charitable remainder annuity trust</span></a></div></li><li class=\"li-norm\"><span class=\"linum\">d</span><div class=\"p\"><a href=\"/glossary/c/#charitable-remainder-unitrust\" class=\"term\" title=\"A trust established in connection with a split-interest agreement, in which the donor or a third-party beneficiary receives distributions of a fixed percentage of the fair value of the trust's assets during the agreement's term. Upon termination of the trust, a not-for-profit entity (NFP) receives the assets remaining in the trust.\"><span>Charitable remainder unitrust</span></a></div></li><li class=\"li-norm\"><span class=\"linum\">e</span><div class=\"p\"><a href=\"/glossary/c/#charitable-gift-annuity\" class=\"term\" title=\"A transfer of assets to a not-for-profit entity (NFP) in connection with a split-interest agreement that is in part a contribution and in part an exchange transaction. The NFP accepts the contribution and is obligated to make periodic stipulated payments to the donor or a third-party beneficiary for a specified period of time, usually either a specified number of years or until the death of the donor or third-party beneficiary.\"><span>Charitable gift annuities</span></a></div></li><li class=\"li-norm\"><span class=\"linum\">f</span><div class=\"p\"><a href=\"/glossary/p/#pooled-income-fund\" class=\"term\" title=\"A trust in which donors are assigned a specific number of units based on the proportion of the fair value of their contributions to the total fair value of the pooled income fund on the date of the donor's entry to the pooled fund. Until a donor's death, the donor (or the donor's designated beneficiary or beneficiaries) is paid the actual income (as defined under the arrangement) earned on the donor's assigned units. Upon the donor's death, the value of these assigned units reverts to the NFP.\"><span>Pooled income funds</span></a>.</div></li></ol></div> </div>","snippet":"Split-interest agreements can take any one of the following forms:\n(a) Charitable lead annuity trust\n(b) Charitable lead unitrust\n(c) Charitable remainder annuity trust\n(d) Charitable remainder unitrust\n(e) Charitable gi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:02016f3e3b0cd8f8e1fa5a87a4959826522d2b29e2cf15b753dfa689695a3f74","downloaded_from":"2026-09-10T02:22:01.739Z","last_downloaded_at":"2026-09-10T02:22:01.739Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480797","source_sha256":"e347db57098cfac5efae34be4c59b7a3ed30802f9be8e2b74154032d80d0018f"}},{"citation":"958-30-05-7","para":"05-7","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_327F09C3-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The terms of some agreements do not allow donors to revoke their gifts; other agreements may be revocable by donors in certain situations. </span></span> <span class=\"sfragment\" id=\"sfr_327F0AE4-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">This Subtopic addresses the accounting for both revocable and irrevocable split-interest agreements. </span></span> </div> </div>","snippet":"The terms of some agreements do not allow donors to revoke their gifts; other agreements may be revocable by donors in certain situations. This Subtopic addresses the accounting for both revocable and irrevocable split-i…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6af735fb2a6ee36a1995dffdac76ec91584968564e1375e83bd871e674434a26","downloaded_from":"2026-09-10T02:22:01.739Z","last_downloaded_at":"2026-09-10T02:22:01.739Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480797","source_sha256":"e347db57098cfac5efae34be4c59b7a3ed30802f9be8e2b74154032d80d0018f"}},{"citation":"958-30-05-8","para":"05-8","html":"<div class=\"asc-body\"><div class=\"norm-text\">The donor may transfer the assets to an unrelated third party (such as a bank, trust company, foundation, or private individual) or<span class=\"sfragment\" id=\"sfr_327F0BBD-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"> may give the NFP the right to control the contributed assets by either of the following: </span></span><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_327F0C90-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Naming the NFP as <a href=\"/glossary/t/#trustee\" class=\"term\" title=\"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.\"><span>trustee</span></a> of the trust holding the assets </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_327F0D70-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Granting the NFP the right to hold the assets as general assets of the entity. </span></span></div></li></ol>This Subtopic addresses the accounting for all of those situations.</div> </div>","snippet":"The donor may transfer the assets to an unrelated third party (such as a bank, trust company, foundation, or private individual) or may give the NFP the right to control the contributed assets by either of the following:…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8b66a0de542b755b5aa2bcfb217a06d07af2aaab677a09d968f478ac414d90fa","downloaded_from":"2026-09-10T02:22:01.739Z","last_downloaded_at":"2026-09-10T02:22:01.739Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480797","source_sha256":"e347db57098cfac5efae34be4c59b7a3ed30802f9be8e2b74154032d80d0018f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4c27532ee80cd76d999f4515fa856876b21f18745b2c873883613117cdf2807a","downloaded_from":"2026-09-10T02:22:01.739Z","last_downloaded_at":"2026-09-10T02:22:01.739Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480797","source_sha256":"e347db57098cfac5efae34be4c59b7a3ed30802f9be8e2b74154032d80d0018f"}},{"block":null,"heading":"Charitable Lead Annuity Trusts and Lead Unitrusts","paragraphs":[{"citation":"958-30-05-9","para":"05-9","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_327F0E60-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Assets such as cash or shares of stock are contributed by the donor either to the control of the NFP through its role as trustee of a trust holding the assets or to a third-party trustee. </span></span> <span class=\"sfragment\" id=\"sfr_327F0F3F-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The NFP receives periodic cash payments (the lead interest) that are either a fixed dollar amount (an <a href=\"/glossary/a/#annuity-trust\" class=\"term\" title=\"See Charitable Remainder Trust.\"><span>annuity trust</span></a>) or a specified percentage of the <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> of the assets as of the beginning of each period (a unitrust). </span></span> <span class=\"sfragment\" id=\"sfr_327F1013-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"> Some of the assets may need to be liquidated to make the required payments. </span></span> <span class=\"sfragment\" id=\"sfr_327F10EE-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">At the termination of the agreement, the remaining assets revert to the donor or the donor's beneficiary (the remainder interest). </span></span> </div> </div>","snippet":"Assets such as cash or shares of stock are contributed by the donor either to the control of the NFP through its role as trustee of a trust holding the assets or to a third-party trustee. The NFP receives periodic cash p…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6533249fb0bb47e47548a0990a9974b4d69d88eb9172d86099fb27e9b56f6530","downloaded_from":"2026-09-10T02:22:01.739Z","last_downloaded_at":"2026-09-10T02:22:01.739Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480797","source_sha256":"e347db57098cfac5efae34be4c59b7a3ed30802f9be8e2b74154032d80d0018f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e795ca3ce4eb6fbd223f5aa15e1169df1ede89808bc62da5d24a3e04a6ae8030","downloaded_from":"2026-09-10T02:22:01.739Z","last_downloaded_at":"2026-09-10T02:22:01.739Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480797","source_sha256":"e347db57098cfac5efae34be4c59b7a3ed30802f9be8e2b74154032d80d0018f"}},{"block":null,"heading":"Charitable Remainder Annuity Trusts and Remainder Unitrusts","paragraphs":[{"citation":"958-30-05-10","para":"05-10","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_327F11C1-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Assets such as cash or shares of stock are contributed by the donor either to the control of the NFP through its role as trustee of a trust holding the assets or to a third-party trustee. </span></span> <span class=\"sfragment\" id=\"sfr_327F1289-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The NFP (or the trust) makes periodic payments to the donor or the donor's beneficiary that are either a fixed dollar amount (an annuity trust) or a specified percentage of the fair value of the assets during the term of the agreement (a unitrust). </span></span> <span class=\"sfragment\" id=\"sfr_327F1385-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Some of the assets may need to be liquidated to make the payments. </span></span> <span class=\"sfragment\" id=\"sfr_327F14E6-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">At the termination of the agreement, the remaining assets revert to the NFP. </span></span> </div> </div>","snippet":"Assets such as cash or shares of stock are contributed by the donor either to the control of the NFP through its role as trustee of a trust holding the assets or to a third-party trustee. The NFP (or the trust) makes per…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ca1b1a15a750a635e4c7d4b99f037497651358170f2ac1aaaa9cb52f9241dd6e","downloaded_from":"2026-09-10T02:22:01.739Z","last_downloaded_at":"2026-09-10T02:22:01.739Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480797","source_sha256":"e347db57098cfac5efae34be4c59b7a3ed30802f9be8e2b74154032d80d0018f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:93dd43f90b9f10710e31dd6887c8845cc645d6ff842ccdee848d8272c4efbff6","downloaded_from":"2026-09-10T02:22:01.739Z","last_downloaded_at":"2026-09-10T02:22:01.739Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480797","source_sha256":"e347db57098cfac5efae34be4c59b7a3ed30802f9be8e2b74154032d80d0018f"}},{"block":null,"heading":"Charitable Gift Annuities","paragraphs":[{"citation":"958-30-05-11","para":"05-11","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_327F15B3-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">A charitable gift annuity is an arrangement between a donor and an NFP in which the donor contributes assets to the NFP in exchange for a promise by the NFP to pay a fixed amount for a specified period of time to the donor or to individuals or entities designated by the donor. The agreements are similar to charitable remainder annuity trusts except that no trust exists, the assets received are held as general assets of the NFP, and the annuity liability is a general obligation of the NFP. </span></span> </div> </div>","snippet":"A charitable gift annuity is an arrangement between a donor and an NFP in which the donor contributes assets to the NFP in exchange for a promise by the NFP to pay a fixed amount for a specified period of time to the don…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dd60c8cc5b7b55b2b530d82652563adcc09bee2dbc001049fe32eb00d73e1f96","downloaded_from":"2026-09-10T02:22:01.739Z","last_downloaded_at":"2026-09-10T02:22:01.739Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480797","source_sha256":"e347db57098cfac5efae34be4c59b7a3ed30802f9be8e2b74154032d80d0018f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c1947b9989ea3e82918d09127dc159b607c2378e0599db1b3158383bd9ca33f0","downloaded_from":"2026-09-10T02:22:01.739Z","last_downloaded_at":"2026-09-10T02:22:01.739Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480797","source_sha256":"e347db57098cfac5efae34be4c59b7a3ed30802f9be8e2b74154032d80d0018f"}},{"block":null,"heading":"Pooled Income Fund","paragraphs":[{"citation":"958-30-05-12","para":"05-12","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_327F1682-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Some NFPs form, invest, and manage pooled income funds. </span></span> <span class=\"sfragment\" id=\"sfr_327F1751-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">These funds are divided into units, and <a href=\"/glossary/c/#contribution\" class=\"term\" title=\"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.\"><span>contributions</span></a> of many donors' life income gifts are pooled and invested as a group. </span></span> </div> </div>","snippet":"Some NFPs form, invest, and manage pooled income funds. These funds are divided into units, and contributions of many donors' life income gifts are pooled and invested as a group.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:398e4728a84dbb5e6ea8c9904c81745d902bb8644393707792de5d76867f5519","downloaded_from":"2026-09-10T02:22:01.739Z","last_downloaded_at":"2026-09-10T02:22:01.739Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480797","source_sha256":"e347db57098cfac5efae34be4c59b7a3ed30802f9be8e2b74154032d80d0018f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:652e60c48ab5dc6339374b7f490673a379a5b12d17ac559127f4facf86ea7f28","downloaded_from":"2026-09-10T02:22:01.739Z","last_downloaded_at":"2026-09-10T02:22:01.739Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480797","source_sha256":"e347db57098cfac5efae34be4c59b7a3ed30802f9be8e2b74154032d80d0018f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:db1f4163f9eec882cec4714ed01e76faad4b98c21e1f83ad243c1ea6c421df41","downloaded_from":"2026-09-10T02:22:01.739Z","last_downloaded_at":"2026-09-10T02:22:01.739Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480797","source_sha256":"e347db57098cfac5efae34be4c59b7a3ed30802f9be8e2b74154032d80d0018f"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:db1f4163f9eec882cec4714ed01e76faad4b98c21e1f83ad243c1ea6c421df41","downloaded_from":"2026-09-10T02:22:01.739Z","last_downloaded_at":"2026-09-10T02:22:01.739Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480797","source_sha256":"e347db57098cfac5efae34be4c59b7a3ed30802f9be8e2b74154032d80d0018f"}}