{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/958/30/#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":"958","topic_title":"Not-for-Profit Entities","subtopic":"958-30","subtopic_title":"Split-Interest Agreements","section":{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":"Fair Value Measurement","paragraphs":[{"citation":"958-30-35-1","para":"35-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_32CFD0F0-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Topic <a altsource=\"GUID-0C8D9651-1182-4A36-827F-0C71E4C9D9F4.ditamap\" class=\"ditamap\">820</a> establishes a framework for measuring <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>. This Subtopic uses present value techniques as one possible technique to measure the obligation to other beneficiaries of 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>. See paragraphs <div class=\"xref-range displayInline\"><a href=\"/asc/820/10/#820-10-55-4\" class=\"xref\">820-10-55-4 through 55-20</a></div> for implementation guidance for using present value techniques if the measurement objective is fair value. </span></span> </div> </div>","snippet":"Topic 820 establishes a framework for measuring fair value. This Subtopic uses present value techniques as one possible technique to measure the obligation to other beneficiaries of a split-interest agreement. See paragr…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:496cd0fb6ef79a81fb52583c34fd8b49bb04ddd98a513e2ce1c392b28e691065","downloaded_from":"2026-09-10T02:22:13.243Z","last_downloaded_at":"2026-09-10T02:22:13.243Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480643","source_sha256":"f19e15bd01a87e3c0eec947a6f045c8a350ad785001152af537b59514e0a110b"}},{"citation":"958-30-35-2","para":"35-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_32CFD26E-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The measurement objective is fair value for the following split-interest obligations: </span></span> <ol class=\"ol-norm\"> <li class=\"li-norm\"><span class=\"linum\">a</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_32CFD388-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Embedded derivatives subject to the measurement provisions of Topic <a altsource=\"GUID-128369CC-8E3A-4A7E-8F25-33E42B0761E4.ditamap\" class=\"ditamap\">815</a></span></span> </div> </li> <li class=\"li-norm\"><span class=\"linum\">b</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_32CFD4D2-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Obligations for which the <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) elects the fair value option pursuant to the Fair Value Option Subsections of Subtopic <a altsource=\"GUID-949FE0F4-4A71-425B-8009-76B1AB716B1C.ditamap\" class=\"ditamap\">825-10</a></span></span> </div> </li> <li class=\"li-norm\"><span class=\"linum\">c</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_32CFD634-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Obligations containing embedded derivatives that the NFP has irrevocably elected to measure in their entirety at fair value in conformity with Section <a altsource=\"GUID-A2CBDF18-8AA0-4CDA-B5BE-4221D57DC9BA.ditamap\" class=\"ditamap\">815-15-25</a>. </span></span> </div> </li> </ol> <span class=\"sfragment\" id=\"sfr_32CFD752-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Additionally, in circumstances in which cash or other assets contributed by donors under split-interest agreements are held by independent trustees, such as a charitable trust for which a bank is a <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>, or by other fiscal agents of the donors or otherwise not controlled by the NFP, the measurement objective for the beneficial interest in periods after the period of initial recognition is fair value. </span></span> </div> </div>","snippet":"The measurement objective is fair value for the following split-interest obligations:\n(a) Embedded derivatives subject to the measurement provisions of Topic 815\n(b) Obligations for which the not-for-profit entity (NFP) …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6cd064f3d1b33a9af0923f329e839af83fccc26434fcb3bd98e8f2e0b7b21d14","downloaded_from":"2026-09-10T02:22:13.243Z","last_downloaded_at":"2026-09-10T02:22:13.243Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480643","source_sha256":"f19e15bd01a87e3c0eec947a6f045c8a350ad785001152af537b59514e0a110b"}},{"citation":"958-30-35-3","para":"35-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_32CFD853-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">In circumstances in which the fair value is measured at the present value of the future cash flows, all elements discussed in paragraph <a href=\"/asc/820/10/#820-10-55-5\" class=\"xref\">820-10-55-5</a>, including discount rate assumptions, shall be revised at each measurement date to reflect current market conditions. </span></span> </div> </div>","snippet":"In circumstances in which the fair value is measured at the present value of the future cash flows, all elements discussed in paragraph 820-10-55-5, including discount rate assumptions, shall be revised at each measureme…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:631a81f50ece52ac09ced45f964c94abf06d3c66435fc1e668ef59d38b46b8a9","downloaded_from":"2026-09-10T02:22:13.243Z","last_downloaded_at":"2026-09-10T02:22:13.243Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480643","source_sha256":"f19e15bd01a87e3c0eec947a6f045c8a350ad785001152af537b59514e0a110b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0e1ebec2cce08639544691cdd5c6caa745b1d8c91c8df617700f14a25851fc3e","downloaded_from":"2026-09-10T02:22:13.243Z","last_downloaded_at":"2026-09-10T02:22:13.243Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480643","source_sha256":"f19e15bd01a87e3c0eec947a6f045c8a350ad785001152af537b59514e0a110b"}},{"block":null,"heading":"Irrevocable Agreements","paragraphs":[{"citation":"958-30-35-4","para":"35-4","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_32CFD962-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Assets held by the NFP under irrevocable split-interest agreements as investments shall be subsequently measured in conformity with Section <a altsource=\"GUID-2AE7EE0A-4C58-40F9-88B3-7E422D971927.ditamap\" class=\"ditamap\">958-320-35</a>, <a altsource=\"GUID-00967A00-FCC4-4535-AA88-DA0195A0E06C.ditamap\" class=\"ditamap\">958-321-35</a>, or <a altsource=\"GUID-7EDA2246-0F92-400E-97AB-1602728912D6.ditamap\" class=\"ditamap\">958-325-35</a>. </span></span> </div> </div>","snippet":"Assets held by the NFP under irrevocable split-interest agreements as investments shall be subsequently measured in conformity with Section 958-320-35, 958-321-35, or 958-325-35.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:de39dc80676206812a5a7ec8de0c8c4049db91e809e34db374f7914ed8c66cdf","downloaded_from":"2026-09-10T02:22:13.243Z","last_downloaded_at":"2026-09-10T02:22:13.243Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480643","source_sha256":"f19e15bd01a87e3c0eec947a6f045c8a350ad785001152af537b59514e0a110b"}},{"citation":"958-30-35-5","para":"35-5","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_32CFDA65-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">In addition, if assets and related liabilities are recognized under a split-interest agreement other than a <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 fund</span></a> or net income unitrust (for example, a <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 annuity</span></a>, <a href=\"/glossary/c/#charitable-lead-trust\" class=\"term\" title=\"A trust established in connection with a split-interest agreement, in which a not-for-profit entity (NFP) receives distributions 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 trust</span></a>, or <a href=\"/glossary/c/#charitable-remainder-trust\" class=\"term\" title=\"A trust established in connection with a split-interest agreement, in which the donor or a third-party beneficiary receives specified distributions 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 trust</span></a> agreement) for which an NFP serves as a trustee or fiscal <a href=\"/glossary/a/#agent\" class=\"term\" title=\"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.\"><span>agent</span></a>, </span></span> <span class=\"sfragment\" id=\"sfr_32CFDB5C-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">the following shall be reported in the NFP's statements of financial position, activities, and cash flows: </span></span> <ol class=\"ol-norm\"> <li class=\"li-norm\"><span class=\"linum\">a</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_32CFDC64-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Income earned on those assets </span></span> </div> </li> <li class=\"li-norm\"><span class=\"linum\">b</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_32CFDDC2-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Gains and losses </span></span> </div> </li> <li class=\"li-norm\"><span class=\"linum\">c</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_32CFDEED-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Distributions made to other beneficiaries under the agreements. </span></span> </div> </li> </ol>Those transactions generally are recognized as either an increase or a reduction in the liability to the other beneficiaries. <span class=\"sfragment\" id=\"sfr_32CFE047-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For example, in subsequent periods, payments to an annuity beneficiary reduce the annuity liability. </span></span></div> </div>","snippet":"In addition, if assets and related liabilities are recognized under a split-interest agreement other than a pooled income fund or net income unitrust (for example, a charitable gift annuity, charitable lead trust, or cha…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e074beca858526166f2344c1c1c74eee582a5b16c9224bafd86180596ee22acd","downloaded_from":"2026-09-10T02:22:13.243Z","last_downloaded_at":"2026-09-10T02:22:13.243Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480643","source_sha256":"f19e15bd01a87e3c0eec947a6f045c8a350ad785001152af537b59514e0a110b"}},{"citation":"958-30-35-6","para":"35-6","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_32CFE18C-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">During the term of the agreement, the following adjustments to the liability shall be recognized as changes in the value of split-interest agreements in a statement of activities. </span></span> <span class=\"sfragment\" id=\"sfr_32CFE2C4-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">In circumstances in which assets held in trust and related liabilities are recognized under lead and <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> agreements for which an NFP serves as a trustee or fiscal agent, the liability for future payments to be made to other beneficiaries is measured at fair value if the NFP elects the fair value option as described in paragraph <a href=\"/asc/958/30/#958-30-35-2\" class=\"xref\">958-30-35-2</a>. If the NFP does not elect the fair value option, the following transactions and events shall be included in the remeasurement of the liability: </span></span> <ol class=\"ol-norm\"> <li class=\"li-norm\"><span class=\"linum\">a</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_32CFE416-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Amortization of the discount associated with the <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>contribution</span></a></span></span> </div> </li> <li class=\"li-norm\"><span class=\"linum\">b</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_32CFE541-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Revaluations of future payments to beneficiaries, based on changes in life expectancy, and other actuarial assumptions. </span></span> </div> </li> </ol> <span class=\"sfragment\" id=\"sfr_32CFE682-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">In conformity with paragraph <a href=\"/asc/310/10/#310-10-30-6\" class=\"xref\">310-10-30-6</a>, unless the measurement objective for periods after the period of initial recognition is fair value, </span></span> <span class=\"sfragment\" id=\"sfr_32CFE7B7-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">the discount rate shall not be revised after initial recognition. </span></span> </div> </div>","snippet":"During the term of the agreement, the following adjustments to the liability shall be recognized as changes in the value of split-interest agreements in a statement of activities. In circumstances in which assets held in…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7c80300eb3d8f6a8a6acd8dfb86759ae1a843a82a4843c39d930a8a251aba3af","downloaded_from":"2026-09-10T02:22:13.243Z","last_downloaded_at":"2026-09-10T02:22:13.243Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480643","source_sha256":"f19e15bd01a87e3c0eec947a6f045c8a350ad785001152af537b59514e0a110b"}},{"citation":"958-30-35-7","para":"35-7","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_32CFE8EF-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">If an NFP does not elect to report a split-interest obligation at fair value as described in paragraph <a href=\"/asc/958/30/#958-30-35-2\" class=\"xref\">958-30-35-2</a>, a split-interest obligation with an embedded derivative is bifurcated into its debt host contract and embedded derivative. The debt host contract is the liability for the payment to the beneficiary that would be required if the fair value of the trust assets does not change over the specified period. </span></span> <span class=\"sfragment\" id=\"sfr_32CFEA2A-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The embedded derivative represents the liability (or contraliability) for the increase (or decrease) in the payments to the beneficiary due to changes in the fair value of the trust assets over the specified period. </span></span> <span class=\"sfragment\" id=\"sfr_32CFEB5C-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">In circumstances in which the liability is measured using present value techniques, the discount rate assumptions on the debt host contract shall not be revised after initial recognition, consistent with the preceding paragraph. </span></span>In accordance with paragraph <a href=\"/asc/815/10/#815-10-35-1\" class=\"xref\">815-10-35-1</a>, the embedded derivative is subsequently measured at fair value. <span class=\"sfragment\" id=\"sfr_32CFEC8E-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">If the fair value of the embedded derivative is measured using present value techniques, all elements discussed in paragraph <a href=\"/asc/820/10/#820-10-55-5\" class=\"xref\">820-10-55-5</a>, including the discount rate assumptions on the embedded derivative, shall be revised at each measurement date to reflect current market conditions. </span></span></div> </div>","snippet":"If an NFP does not elect to report a split-interest obligation at fair value as described in paragraph 958-30-35-2, a split-interest obligation with an embedded derivative is bifurcated into its debt host contract and em…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fe86a615ca8113afd58e217b0dd5d0fa871cc706c8c921be55c8b932a1d22bbe","downloaded_from":"2026-09-10T02:22:13.243Z","last_downloaded_at":"2026-09-10T02:22:13.243Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480643","source_sha256":"f19e15bd01a87e3c0eec947a6f045c8a350ad785001152af537b59514e0a110b"}},{"citation":"958-30-35-8","para":"35-8","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_32CFEDF0-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">In conformity with paragraph <a href=\"/asc/815/15/#815-15-25-53\" class=\"xref\">815-15-25-53</a>, if an NFP cannot reliably identify and measure the embedded derivative, the entire split-interest liability shall be measured at fair value (that is, all elements discussed in paragraph <a href=\"/asc/820/10/#820-10-55-5\" class=\"xref\">820-10-55-5</a>, including discount rate assumptions, shall be revised to reflect current market conditions). </span></span> </div> </div>","snippet":"In conformity with paragraph 815-15-25-53, if an NFP cannot reliably identify and measure the embedded derivative, the entire split-interest liability shall be measured at fair value (that is, all elements discussed in p…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e6e146ec16bb576a238e484eb543cd677800e88603626ba08149dcedb2947de6","downloaded_from":"2026-09-10T02:22:13.243Z","last_downloaded_at":"2026-09-10T02:22:13.243Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480643","source_sha256":"f19e15bd01a87e3c0eec947a6f045c8a350ad785001152af537b59514e0a110b"}},{"citation":"958-30-35-9","para":"35-9","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_32CFEF6B-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Periodic income on a <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 fund</span></a> or net-income unitrust and payments to the beneficiary shall be reflected as increases and decreases in a liability to the beneficiary. </span></span> <span class=\"sfragment\" id=\"sfr_32CFF082-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Amortization of the discount for future interest shall be recognized as a reduction in the deferred revenue account and as a change in the value of split-interest agreements. </span></span> </div> </div>","snippet":"Periodic income on a pooled income fund or net-income unitrust and payments to the beneficiary shall be reflected as increases and decreases in a liability to the beneficiary. Amortization of the discount for future inte…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fb2c4915562452950b0f6d67ff590d0be8b89ad34c35eae0298756c2e5295be4","downloaded_from":"2026-09-10T02:22:13.243Z","last_downloaded_at":"2026-09-10T02:22:13.243Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480643","source_sha256":"f19e15bd01a87e3c0eec947a6f045c8a350ad785001152af537b59514e0a110b"}},{"citation":"958-30-35-10","para":"35-10","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_32CFF1B1-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Pursuant to paragraph <a href=\"/asc/605/958/#605-958-35-3\" class=\"xref\">958-605-35-3</a>, 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 subsequently remeasure that beneficial interest at fair value. </span></span> <span class=\"sfragment\" id=\"sfr_32CFF2D0-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Changes in the fair value of the beneficial interest shall be recognized in the statement of activities. </span></span> <span class=\"sfragment\" id=\"sfr_32CFF3D6-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The change in the value of split-interest agreements is the change in the fair value of the NFP's beneficial interest, which shall be determined using the same valuation technique that was used to measure the asset initially. </span></span> <span class=\"sfragment\" id=\"sfr_32CFF504-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Distributions from the trust shall be reflected as a reduction in the beneficial interest. </span></span> </div> </div>","snippet":"Pursuant to paragraph 958-605-35-3, 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 …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:13e3bd12e8c5be8525fa8033f841d775a9c1e51ef0841175629ed9ea46b4b589","downloaded_from":"2026-09-10T02:22:13.243Z","last_downloaded_at":"2026-09-10T02:22:13.243Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480643","source_sha256":"f19e15bd01a87e3c0eec947a6f045c8a350ad785001152af537b59514e0a110b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fe3cf77a84e88f29f043e236c77b1670bb1e8c462e57121124750a9adcf7219f","downloaded_from":"2026-09-10T02:22:13.243Z","last_downloaded_at":"2026-09-10T02:22:13.243Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480643","source_sha256":"f19e15bd01a87e3c0eec947a6f045c8a350ad785001152af537b59514e0a110b"}},{"block":null,"heading":"Revocable Agreements","paragraphs":[{"citation":"958-30-35-11","para":"35-11","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_32CFF684-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Assets held by the NFP under revocable split-interest agreements as investments shall be subsequently measured in conformity with Section <a altsource=\"GUID-2AE7EE0A-4C58-40F9-88B3-7E422D971927.ditamap\" class=\"ditamap\">958-320-35</a>, <a altsource=\"GUID-00967A00-FCC4-4535-AA88-DA0195A0E06C.ditamap\" class=\"ditamap\">958-321-35</a>, or <a altsource=\"GUID-7EDA2246-0F92-400E-97AB-1602728912D6.ditamap\" class=\"ditamap\">958-325-35</a>. </span></span> </div> </div>","snippet":"Assets held by the NFP under revocable split-interest agreements as investments shall be subsequently measured in conformity with Section 958-320-35, 958-321-35, or 958-325-35.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3808ab1e7eb19d125ad35e1bd77a571bcf82bf297afad03991b72af913319abc","downloaded_from":"2026-09-10T02:22:13.243Z","last_downloaded_at":"2026-09-10T02:22:13.243Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480643","source_sha256":"f19e15bd01a87e3c0eec947a6f045c8a350ad785001152af537b59514e0a110b"}},{"citation":"958-30-35-12","para":"35-12","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_32CFF759-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Income earned on assets held under such agreements that is not available for the NFP's unconditional use, and any subsequent adjustments to the carrying value of those assets, shall be recognized as adjustments to the assets and as refundable advances. </span></span> </div> </div>","snippet":"Income earned on assets held under such agreements that is not available for the NFP's unconditional use, and any subsequent adjustments to the carrying value of those assets, shall be recognized as adjustments to the as…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:41abb8a6c817498f6f45491fb6807c4e252929c8a13188ed388906e13bc276cb","downloaded_from":"2026-09-10T02:22:13.243Z","last_downloaded_at":"2026-09-10T02:22:13.243Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480643","source_sha256":"f19e15bd01a87e3c0eec947a6f045c8a350ad785001152af537b59514e0a110b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:18c102c2ebefcaaf7496850f5b6e28fee0317793f67e35aa52e0cf4f4272f06a","downloaded_from":"2026-09-10T02:22:13.243Z","last_downloaded_at":"2026-09-10T02:22:13.243Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480643","source_sha256":"f19e15bd01a87e3c0eec947a6f045c8a350ad785001152af537b59514e0a110b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1cdffee8e2316299620e06a77982934be3410aeef8df36a3ae8a7333670561e0","downloaded_from":"2026-09-10T02:22:13.243Z","last_downloaded_at":"2026-09-10T02:22:13.243Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480643","source_sha256":"f19e15bd01a87e3c0eec947a6f045c8a350ad785001152af537b59514e0a110b"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1cdffee8e2316299620e06a77982934be3410aeef8df36a3ae8a7333670561e0","downloaded_from":"2026-09-10T02:22:13.243Z","last_downloaded_at":"2026-09-10T02:22:13.243Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480643","source_sha256":"f19e15bd01a87e3c0eec947a6f045c8a350ad785001152af537b59514e0a110b"}}