{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/958/30/#25-recognition","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":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"958-30-25-1","para":"25-1","html":"
This Section provides recognition guidance for two types of split-interest agreements:
  1. a
    Revocable agreements
  2. b
    Irrevocable agreements.
","snippet":"This Section provides recognition guidance for two types of split-interest agreements:\n(a) Revocable agreements\n(b) Irrevocable agreements.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6fa72a3d20da40259d18d9dd9d6907d1f5616961ff03a2f77b7504b0fe9db72d","downloaded_from":"2026-09-10T02:22:08.355Z","last_downloaded_at":"2026-09-10T02:22:08.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480705","source_sha256":"30f16bcf3f22b2570691c5375fc7df106fc70c3e2ee78efb77ab9de28c326e72"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:94ac2e1983641fd5921cc4e37fa1091983f10ae5ab2a22a324ee9495e5e26402","downloaded_from":"2026-09-10T02:22:08.355Z","last_downloaded_at":"2026-09-10T02:22:08.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480705","source_sha256":"30f16bcf3f22b2570691c5375fc7df106fc70c3e2ee78efb77ab9de28c326e72"}},{"block":null,"heading":"Revocable Agreements","paragraphs":[{"citation":"958-30-25-2","para":"25-2","html":"
Revocable split-interest agreements shall be accounted for as intentions to give. Assets received by a not-for-profit entity (NFP) acting as a trustee under a revocable split-interest agreement shall be recognized when received as assets and as a refundable advance. If those assets are investments, they shall be recognized in conformity with Section 958-320-25, 958-321-25, or 958-325-25, as appropriate. Contribution revenue for the assets received shall be recognized when the agreement becomes irrevocable or when the assets are distributed to the NFP for its unconditional use, whichever occurs first.
","snippet":"Revocable split-interest agreements shall be accounted for as intentions to give. Assets received by a not-for-profit entity (NFP) acting as a trustee under a revocable split-interest agreement shall be recognized when r…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ed6aa4a0b938656798d69a917c094334927e069988d5c7a33a4aa4edccaa5fdb","downloaded_from":"2026-09-10T02:22:08.355Z","last_downloaded_at":"2026-09-10T02:22:08.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480705","source_sha256":"30f16bcf3f22b2570691c5375fc7df106fc70c3e2ee78efb77ab9de28c326e72"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1c9f30574a20ad51c3866102e18dbf34e9ece6648b7e14a2c555b48009d62002","downloaded_from":"2026-09-10T02:22:08.355Z","last_downloaded_at":"2026-09-10T02:22:08.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480705","source_sha256":"30f16bcf3f22b2570691c5375fc7df106fc70c3e2ee78efb77ab9de28c326e72"}},{"block":null,"heading":"Irrevocable Agreements","paragraphs":[{"citation":"958-30-25-3","para":"25-3","html":"
Under irrevocable split-interest agreements the assets contributed by the donor may be either:
  1. a
    Held by an NFP
  2. b
    Held by a third party.
","snippet":"Under irrevocable split-interest agreements the assets contributed by the donor may be either:\n(a) Held by an NFP\n(b) Held by a third party.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:53f5d8f45f885645748743feca6ef01db8994b7f1220513b16d9aceca3c20033","downloaded_from":"2026-09-10T02:22:08.355Z","last_downloaded_at":"2026-09-10T02:22:08.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480705","source_sha256":"30f16bcf3f22b2570691c5375fc7df106fc70c3e2ee78efb77ab9de28c326e72"}},{"citation":"958-30-25-4","para":"25-4","html":"
In the absence of donor-imposed conditions, an NFP shall recognize contribution revenue and related assets and liabilities when an irrevocable split-interest agreement naming it trustee or fiscal agent is executed. Assets received under those agreements shall be recorded when received. If those assets are investments, they shall be recognized in conformity with Section 958-320-25, 958-321-25, or 958-325-25, as appropriate. The contribution portion of the agreement (that is, the part that represents the unconditional transfer of assets in a voluntary nonreciprocal transaction) shall be recognized as revenue or gain (see paragraph 958-30-45-7).
","snippet":"In the absence of donor-imposed conditions, an NFP shall recognize contribution revenue and related assets and liabilities when an irrevocable split-interest agreement naming it trustee or fiscal agent is executed. Asset…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c7ed425072d64654063731d76f53b5b476ff4b3df9247b6a6a650156a9a326ce","downloaded_from":"2026-09-10T02:22:08.355Z","last_downloaded_at":"2026-09-10T02:22:08.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480705","source_sha256":"30f16bcf3f22b2570691c5375fc7df106fc70c3e2ee78efb77ab9de28c326e72"}},{"citation":"958-30-25-5","para":"25-5","html":"
Paragraphs
958-30-25-6 through 25-15
provide guidance on the following types of donor agreements:
  1. a
    Split-interest agreements other than pooled income funds or net income unitrusts
  2. b
    Pooled income funds or net income unitrusts.
","snippet":"Paragraphs 958-30-25-6 through 25-15 provide guidance on the following types of donor agreements:\n(a) Split-interest agreements other than pooled income funds or net income unitrusts\n(b) Pooled income funds or net income…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f93c0835c733b17b8afb79ea7fa20039108760171bd201378dc2038605b408f6","downloaded_from":"2026-09-10T02:22:08.355Z","last_downloaded_at":"2026-09-10T02:22:08.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480705","source_sha256":"30f16bcf3f22b2570691c5375fc7df106fc70c3e2ee78efb77ab9de28c326e72"}},{"citation":"958-30-25-6","para":"25-6","html":"
If the split-interest agreement is other than a pooled income fund or net income unitrust (for example, a charitable gift annuity, a charitable lead trust, or a charitable remainder trust), the transferred assets, or a portion of those assets, are being held for the benefit of others, such as the donor or third parties designated by the donor. A liability for the future payments to be made to those other beneficiaries shall also be recognized at the date of initial recognition. See paragraphs
958-30-25-7 through 25-14
to determine whether the agreement contains an embedded derivative.
","snippet":"If the split-interest agreement is other than a pooled income fund or net income unitrust (for example, a charitable gift annuity, a charitable lead trust, or a charitable remainder trust), the transferred assets, or a p…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a5c1895ef2000e376af9d987c657eb5017c9e1807eacf789824dec0cc1c31d84","downloaded_from":"2026-09-10T02:22:08.355Z","last_downloaded_at":"2026-09-10T02:22:08.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480705","source_sha256":"30f16bcf3f22b2570691c5375fc7df106fc70c3e2ee78efb77ab9de28c326e72"}},{"citation":"958-30-25-7","para":"25-7","html":"
The following two aspects of a split-interest agreement's payment terms affect the accounting treatment for an NFP's liability for the payment or payments to the donor or the donor's beneficiary:
  1. a
    Whether the payments are a fixed or variable cash amount
  2. b
    Whether the agreement is period-certain or life-contingent.
","snippet":"The following two aspects of a split-interest agreement's payment terms affect the accounting treatment for an NFP's liability for the payment or payments to the donor or the donor's beneficiary:\n(a) Whether the payments…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:49ec7e1c86e5935fd55a9465988c1b7cf2ee19d2bf476182dd307b9946027103","downloaded_from":"2026-09-10T02:22:08.355Z","last_downloaded_at":"2026-09-10T02:22:08.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480705","source_sha256":"30f16bcf3f22b2570691c5375fc7df106fc70c3e2ee78efb77ab9de28c326e72"}},{"citation":"958-30-25-8","para":"25-8","html":"
An NFP's liability for its obligation to the donor or the donor's beneficiary under an irrevocable split-interest agreement shall be analyzed to determine whether it qualifies for the exception in paragraphs
815-10-15-52 through 15-57
, in which case that liability would not be subject to the requirements of Topic 815. For example, if the obligation is solely life-contingent (that is, contingent upon the survival of an identified individual, in which case the payments are made only if the individual is alive when the payments are due), that obligation would qualify for the exception in paragraphs
815-10-15-52 through 15-57
.
","snippet":"An NFP's liability for its obligation to the donor or the donor's beneficiary under an irrevocable split-interest agreement shall be analyzed to determine whether it qualifies for the exception in paragraphs 815-10-15-52…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:14f071d75e96642fb2801950ddedba5807a5077aa4ed07428ba9801e121e8d0e","downloaded_from":"2026-09-10T02:22:08.355Z","last_downloaded_at":"2026-09-10T02:22:08.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480705","source_sha256":"30f16bcf3f22b2570691c5375fc7df106fc70c3e2ee78efb77ab9de28c326e72"}},{"citation":"958-30-25-9","para":"25-9","html":"
If an NFP's liability for its obligation under the split-interest agreement does not qualify for the exception in paragraphs
815-10-15-52 through 15-57
because the agreement is not solely life-contingent, the NFP shall determine whether that liability meets the definition of a derivative instrument in its entirety under paragraph 815-10-15-83 or whether it contains an embedded derivative that could warrant separate accounting under paragraph 815-15-25-1 unless a fair value election is made pursuant to Section 815-15-25.
","snippet":"If an NFP's liability for its obligation under the split-interest agreement does not qualify for the exception in paragraphs 815-10-15-52 through 15-57 because the agreement is not solely life-contingent, the NFP shall d…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e734dc06edd95b4d007a1b29d5c089db0c44a99952d2f42fdc8a649a6859cec8","downloaded_from":"2026-09-10T02:22:08.355Z","last_downloaded_at":"2026-09-10T02:22:08.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480705","source_sha256":"30f16bcf3f22b2570691c5375fc7df106fc70c3e2ee78efb77ab9de28c326e72"}},{"citation":"958-30-25-10","para":"25-10","html":"
The NFP's liability for its obligation under a split-interest agreement would typically not meet the definition of a derivative instrument in its entirety because it would not meet the criterion in paragraph 815-10-15-83(b) that requires the contract to have no initial net investment or an initial net investment that is smaller than would be required for other types of contracts that would be expected to have a similar response to changes in market factors. In contrast, the initial net investment for the liability recognized for typical split-interest agreements is its fair value.
","snippet":"The NFP's liability for its obligation under a split-interest agreement would typically not meet the definition of a derivative instrument in its entirety because it would not meet the criterion in paragraph 815-10-15-83…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0daf4c319935a06be32b8d1d156154c6762272d6d44ad0d594fa2f89f55a3cf3","downloaded_from":"2026-09-10T02:22:08.355Z","last_downloaded_at":"2026-09-10T02:22:08.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480705","source_sha256":"30f16bcf3f22b2570691c5375fc7df106fc70c3e2ee78efb77ab9de28c326e72"}},{"citation":"958-30-25-11","para":"25-11","html":"
If an NFP's liability for its obligation under the split-interest agreement does not in its entirety meet the definition of a derivative instrument in paragraph 815-10-15-83, that liability shall be analyzed to determine whether it contains provisions that constitute an embedded derivative that warrants separate accounting under paragraph 815-15-25-1.
","snippet":"If an NFP's liability for its obligation under the split-interest agreement does not in its entirety meet the definition of a derivative instrument in paragraph 815-10-15-83, that liability shall be analyzed to determine…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5b017d3bd85ef02e2ec6b74b5524d232992e3db03558f3d8279a264443089278","downloaded_from":"2026-09-10T02:22:08.355Z","last_downloaded_at":"2026-09-10T02:22:08.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480705","source_sha256":"30f16bcf3f22b2570691c5375fc7df106fc70c3e2ee78efb77ab9de28c326e72"}},{"citation":"958-30-25-12","para":"25-12","html":"
Generally, the liability representing an obligation under a split-interest agreement contains an embedded derivative if the payments are variable and the agreement is period-certain (rather than life-contingent). The embedded derivative shall be bifurcated and accounted for as a derivative instrument pursuant to the requirements of paragraph 815-15-25-1 unless a fair value election is made pursuant to Section 815-15-25 or the Fair Value Option Subsections of Subtopic 825-10.
","snippet":"Generally, the liability representing an obligation under a split-interest agreement contains an embedded derivative if the payments are variable and the agreement is period-certain (rather than life-contingent). The emb…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:75f5de4d3488b1bf30920cf042793f1f62e1b45e8f207698414ea74b73508cff","downloaded_from":"2026-09-10T02:22:08.355Z","last_downloaded_at":"2026-09-10T02:22:08.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480705","source_sha256":"30f16bcf3f22b2570691c5375fc7df106fc70c3e2ee78efb77ab9de28c326e72"}},{"citation":"958-30-25-13","para":"25-13","html":"
Example 2, Cases A through H (see paragraphs
958-30-55-6 through 55-29
) illustrate the applicability of paragraphs
958-30-25-7 through 25-12
to various split-interest agreements that are invested in shares of common stock.
","snippet":"Example 2, Cases A through H (see paragraphs 958-30-55-6 through 55-29) illustrate the applicability of paragraphs 958-30-25-7 through 25-12 to various split-interest agreements that are invested in shares of common stoc…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4277dca4475aad1515d2c77abd1f796d2d89e9e50b23747ea519f1ea875ef563","downloaded_from":"2026-09-10T02:22:08.355Z","last_downloaded_at":"2026-09-10T02:22:08.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480705","source_sha256":"30f16bcf3f22b2570691c5375fc7df106fc70c3e2ee78efb77ab9de28c326e72"}},{"citation":"958-30-25-14","para":"25-14","html":"
Other split-interest agreements may involve the gift of corporate or U.S. government debt securities, or other securities that are not equity. In determining whether or not those split-interest agreements contain an embedded derivative, the same analysis outlined in paragraph 815-15-25-1 shall be applied. The notion of clearly and closely related, as defined in paragraph 815-15-25-1(a), shall involve an assessment of the economic characteristics and risks associated with the nonequity securities in relation to the economic characteristics and risks of the NFP's debt host contract. Generally, because of the differences in credit risk, the change in the fair value of corporate bonds (based on that corporation's credit and interest rate risk) will not be clearly and closely related to the change in the economic characteristics and risks of the NFP's debt host contract. Thus, an embedded derivative requiring bifurcation and separate accounting for the embedded derivative would exist unless a fair value election is made pursuant to Section 815-15-25 or the Fair Value Option Subsections of Subtopic 825-10.
","snippet":"Other split-interest agreements may involve the gift of corporate or U.S. government debt securities, or other securities that are not equity. In determining whether or not those split-interest agreements contain an embe…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:12df925db1feaa2007c23c4268f1c92129e0afd761dd8fb4e8789f36ff6bff49","downloaded_from":"2026-09-10T02:22:08.355Z","last_downloaded_at":"2026-09-10T02:22:08.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480705","source_sha256":"30f16bcf3f22b2570691c5375fc7df106fc70c3e2ee78efb77ab9de28c326e72"}},{"citation":"958-30-25-15","para":"25-15","html":"
The assets received from the donor under a pooled income fund agreement or a net income unitrust shall be recognized when received. An NFP also shall recognize its remainder interest in the assets received as contribution revenue in the period in which the assets are received from the donor. The difference between the assets recognized and the revenue recognized shall be recorded as deferred revenue, representing the amount of the discount for future interest.
","snippet":"The assets received from the donor under a pooled income fund agreement or a net income unitrust shall be recognized when received. An NFP also shall recognize its remainder interest in the assets received as contributio…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b43a6420b4d8a12e98e81dd84d35a9b348ba1eec4a7eaf93968476c78eb0fccd","downloaded_from":"2026-09-10T02:22:08.355Z","last_downloaded_at":"2026-09-10T02:22:08.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480705","source_sha256":"30f16bcf3f22b2570691c5375fc7df106fc70c3e2ee78efb77ab9de28c326e72"}},{"citation":"958-30-25-16","para":"25-16","html":"
Some NFPs are parties to split-interest agreements that involve a third party who maintains control of the donor's contributed assets. In a split-interest agreement in which cash or other assets contributed by a donor are held by an independent trustee (such as a charitable trust for which a bank, trust company, foundation, or private individual is the trustee) or by another fiscal agent of the donor or the cash or other assets are otherwise not controlled by the NFP, the NFP shall recognize its beneficial interest in those assets.
","snippet":"Some NFPs are parties to split-interest agreements that involve a third party who maintains control of the donor's contributed assets. In a split-interest agreement in which cash or other assets contributed by a donor ar…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d1084de856731d3267a1d2ab848a2588c03d10a77ed877e3f17ecd21187d4b4a","downloaded_from":"2026-09-10T02:22:08.355Z","last_downloaded_at":"2026-09-10T02:22:08.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480705","source_sha256":"30f16bcf3f22b2570691c5375fc7df106fc70c3e2ee78efb77ab9de28c326e72"}},{"citation":"958-30-25-17","para":"25-17","html":"
Pursuant to paragraphs
958-605-25-28 through 25-30
, if an NFP is the beneficiary of a split-interest agreement held by a third party and has an unconditional right to receive all or a portion of the specified cash flows from the assets held pursuant to that agreement, the NFP shall recognize that beneficial interest as an asset and contribution revenue. That asset and contribution revenue represents its entitlement to the lead interest payments or the remainder interest, as stipulated in the agreement. The contribution shall be recognized when the NFP is notified of the split-interest agreement's existence.
","snippet":"Pursuant to paragraphs 958-605-25-28 through 25-30, if an NFP is the beneficiary of a split-interest agreement held by a third party and has an unconditional right to receive all or a portion of the specified cash flows …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:40b8df408efb5799999b3632eb4e3efa56dcb4b0dc6f6ef47aa313927ff80c57","downloaded_from":"2026-09-10T02:22:08.355Z","last_downloaded_at":"2026-09-10T02:22:08.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480705","source_sha256":"30f16bcf3f22b2570691c5375fc7df106fc70c3e2ee78efb77ab9de28c326e72"}},{"citation":"958-30-25-18","para":"25-18","html":"
However, if the trustee or fiscal agent has variance power to redirect the benefits to another entity or if the NFP's rights to the benefits are conditional, the NFP shall not recognize its potential for future distributions from the split-interest agreement until the NFP has an unconditional right to receive benefits under the agreement.
","snippet":"However, if the trustee or fiscal agent has variance power to redirect the benefits to another entity or if the NFP's rights to the benefits are conditional, the NFP shall not recognize its potential for future distribut…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:63efdea3747619366987ef6cb8a82b505e9fb7db9ce08714ef64d015035b3c36","downloaded_from":"2026-09-10T02:22:08.355Z","last_downloaded_at":"2026-09-10T02:22:08.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480705","source_sha256":"30f16bcf3f22b2570691c5375fc7df106fc70c3e2ee78efb77ab9de28c326e72"}},{"citation":"958-30-25-19","para":"25-19","html":"
The NFP does not have an obligation to pay either the remainder or lead interest to the designated beneficiary, as that responsibility remains with the third party who maintains control of the assets (thus, the NFP does not recognize a liability). Further, under paragraph 815-15-25-1, the embedded derivative would not be bifurcated, as the criterion in paragraph 815-15-25-1(b) is not met.
","snippet":"The NFP does not have an obligation to pay either the remainder or lead interest to the designated beneficiary, as that responsibility remains with the third party who maintains control of the assets (thus, the NFP does …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2e028e76e23a2f832faa0d6781c871831ea714174babf3dec127c8f2de34b310","downloaded_from":"2026-09-10T02:22:08.355Z","last_downloaded_at":"2026-09-10T02:22:08.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480705","source_sha256":"30f16bcf3f22b2570691c5375fc7df106fc70c3e2ee78efb77ab9de28c326e72"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:94646a1962da2612245260b5d9a579ad2353f7fc8ecda99ba844144452a85ea6","downloaded_from":"2026-09-10T02:22:08.355Z","last_downloaded_at":"2026-09-10T02:22:08.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480705","source_sha256":"30f16bcf3f22b2570691c5375fc7df106fc70c3e2ee78efb77ab9de28c326e72"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c40c3102a970d201b3e161160377cc6426f56ce86a5304fe04d734510631561a","downloaded_from":"2026-09-10T02:22:08.355Z","last_downloaded_at":"2026-09-10T02:22:08.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480705","source_sha256":"30f16bcf3f22b2570691c5375fc7df106fc70c3e2ee78efb77ab9de28c326e72"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c40c3102a970d201b3e161160377cc6426f56ce86a5304fe04d734510631561a","downloaded_from":"2026-09-10T02:22:08.355Z","last_downloaded_at":"2026-09-10T02:22:08.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480705","source_sha256":"30f16bcf3f22b2570691c5375fc7df106fc70c3e2ee78efb77ab9de28c326e72"}}