{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/958/30/#50-disclosure","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":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"958-30-50-1","para":"50-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_33160026-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The notes to financial statements shall include all of the following disclosures related to <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 agreements</span></a>: </span></span> <ol class=\"ol-norm\"> <li class=\"li-norm\"><span class=\"linum\">a</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_33160144-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">A description of the general terms of existing split-interest agreements </span></span> </div> </li> <li class=\"li-norm\"><span class=\"linum\">b</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_33160242-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Assets and liabilities recognized under split-interest agreements, if not reported separately from other assets and liabilities in a statement of financial position </span></span> </div> </li> <li class=\"li-norm\"><span class=\"linum\">c</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_33160332-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The basis used (for example, cost, lower of cost or fair value, <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>) for recognized assets </span></span> </div> </li> <li class=\"li-norm\"><span class=\"linum\">d</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_33160428-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The discount rates and actuarial assumptions used, if present value techniques are used in reporting the assets and liabilities related to split-interest agreements </span></span> </div> </li> <li class=\"li-norm\"><span class=\"linum\">e</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_33160508-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"> <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> revenue recognized under such agreements, if not reported as a separate line item in a statement of activities </span></span> </div> </li> <li class=\"li-norm\"><span class=\"linum\">f</span> <div class=\"p\">Changes in the value of split-interest agreements recognized, if not reported as a separate line item in a statement of activities</div> </li> <li class=\"li-norm\"><span class=\"linum\">g</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_331605F6-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The disclosures required by the Fair Value Option Subsections of Subtopic <a altsource=\"GUID-949FE0F4-4A71-425B-8009-76B1AB716B1C.ditamap\" class=\"ditamap\">825-10</a>, if 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) elects the fair value option pursuant to paragraph <a href=\"/asc/958/30/#958-30-35-2\" class=\"xref\">958-30-35-2(b)</a> or <a href=\"/asc/958/30/#958-30-35-2\" class=\"xref\">958-30-35-2(c)</a></span></span> </div> </li> <li class=\"li-norm\"><span class=\"linum\">h</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_331606E4-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The disclosures required by paragraphs <div class=\"xref-range displayInline\"><a href=\"/asc/820/10/#820-10-50-1C\" class=\"xref\">820-10-50-1C through 50-2</a></div> and <div class=\"xref-range displayInline\"><a href=\"/asc/820/10/#820-10-50-2B\" class=\"xref\">820-10-50-2B through 50-2E</a></div> in the format described in paragraph <a href=\"/asc/820/10/#820-10-50-8\" class=\"xref\">820-10-50-8</a>, if the assets and liabilities of split-interest agreements are measured at fair value on a recurring basis in periods after initial recognition. </span></span> </div> </li> </ol> </div> </div>","snippet":"The notes to financial statements shall include all of the following disclosures related to split-interest agreements:\n(a) A description of the general terms of existing split-interest agreements\n(b) Assets and liabiliti…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a075421588d7cb57dc871e540c1370d3f57c8687b0a2b2f40a5222edc3a8d29e","downloaded_from":"2026-09-10T02:22:19.926Z","last_downloaded_at":"2026-09-10T02:22:19.926Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480554","source_sha256":"c0cf87a10cdac2e835041587cc46e7095d2c0931c6371d5d1167ef683251fd5f"}},{"citation":"958-30-50-2","para":"50-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_331607DB-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Additional annuity reserves may be required by the laws of the state where the NFP is located or by the state where the donor resides. Legally mandated reserves shall be disclosed in the notes to financial statements. </span></span> <span class=\"sfragment\" id=\"sfr_331608A9-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">If state law imposes other limitations on the NFP, such as limitations on the manner in which some net assets are invested, those limitations also shall be disclosed in the notes to financial statements. </span></span> </div> </div>","snippet":"Additional annuity reserves may be required by the laws of the state where the NFP is located or by the state where the donor resides. Legally mandated reserves shall be disclosed in the notes to financial statements. If…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:45a03c5ba0cdfe51ecf22eeb8aee1b1d7e9a659d05631d18dc195bb3cb73d5d8","downloaded_from":"2026-09-10T02:22:19.926Z","last_downloaded_at":"2026-09-10T02:22:19.926Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480554","source_sha256":"c0cf87a10cdac2e835041587cc46e7095d2c0931c6371d5d1167ef683251fd5f"}},{"citation":"958-30-50-3","para":"50-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_33160979-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">In addition, some NFPs voluntarily set aside additional reserves for unexpected actuarial losses. Voluntary reserves shall be included as part of <a href=\"/glossary/n/#net-assets-without-donor-restrictions\" class=\"term\" title=\"The part of net assets of a not-for-profit entity that is not subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants).\"><span>net assets without donor restrictions</span></a>, but may be presented as a separate component of <a href=\"/glossary/b/#board-designated-net-assets\" class=\"term\" title=\"Net assets without donor restrictions subject to self-imposed limits by action of the governing board. Board-designated net assets may be earmarked for future programs, investment, contingencies, purchase or construction of fixed assets, or other uses. Some governing boards may delegate designation decisions to internal management. Such designations are considered to be included in board-designated net assets.\"><span>board-designated net assets</span></a></span></span> <span class=\"sfragment\" id=\"sfr_33160A38-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">on the face of the statement of financial position (see paragraph <a href=\"/asc/210/958/#210-958-55-3\" class=\"xref\">958-210-55-3</a>). If not provided on the face of that statement, the reserves set aside by the NFP's governing board shall be disclosed in the notes in accordance with paragraph <a href=\"/asc/210/958/#210-958-50-3\" class=\"xref\">958-210-50-3</a> to disclose information about the amounts and purposes of board designations of net assets without donor restrictions. </span></span> </div> </div>","snippet":"In addition, some NFPs voluntarily set aside additional reserves for unexpected actuarial losses. Voluntary reserves shall be included as part of net assets without donor restrictions, but may be presented as a separate …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1b94ac4c3f2780a56c9d13f896342a111923ac5068fb22010621d3d0071720fa","downloaded_from":"2026-09-10T02:22:19.926Z","last_downloaded_at":"2026-09-10T02:22:19.926Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480554","source_sha256":"c0cf87a10cdac2e835041587cc46e7095d2c0931c6371d5d1167ef683251fd5f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:993e7c566009b8dd6a7dce8d31236ecf1e99e341f96af232cc0fcf2d5bff4c5e","downloaded_from":"2026-09-10T02:22:19.926Z","last_downloaded_at":"2026-09-10T02:22:19.926Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480554","source_sha256":"c0cf87a10cdac2e835041587cc46e7095d2c0931c6371d5d1167ef683251fd5f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6bd3db3c0765135c43f61c75a8c081670d36ec39905b8d936a0cdc5f7f667fe7","downloaded_from":"2026-09-10T02:22:19.926Z","last_downloaded_at":"2026-09-10T02:22:19.926Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480554","source_sha256":"c0cf87a10cdac2e835041587cc46e7095d2c0931c6371d5d1167ef683251fd5f"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6bd3db3c0765135c43f61c75a8c081670d36ec39905b8d936a0cdc5f7f667fe7","downloaded_from":"2026-09-10T02:22:19.926Z","last_downloaded_at":"2026-09-10T02:22:19.926Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480554","source_sha256":"c0cf87a10cdac2e835041587cc46e7095d2c0931c6371d5d1167ef683251fd5f"}}