Not-for-profits can refer to these frequently asked questions and answers as they implement ASU 2018-08 regarding contributions received and made.Grants and contracts implementation tool for not-for-profits
Download this tool for nonauthoritative guidance and illustrative examples on how not-for-profit entities may wish to document their grants and contracts for FASB ASU 2018-08 implementation.Gifts-in-kind: Reporting contributions of nonfinancial assets
Valuating nonfinancial contributions is challenging for NFPs, but by taking these considerations into account you can develop a reliable, accurate process.Example gifts-in-kind NFP financial statement disclosures
Use these illustrative disclosures as a guide to help NFPs prepare financial statement disclosures related to contributed nonfinancial assets (ASU 2020-07).Example disclosures for resource providers and contributions made
Certain disclosures are required for resource providers – entities that make contributions of cash or other assets. Use these examples as a guide.