Nonprofit Accounting Basics

Contributions

Accounting for Promises to Give

Originally Posted: July 14, 2025

Accounting for Promises to Give Under GAAP, the term “promises to give” is used to describe donor agreements to contribute cash or other assets.

Considering Accepting Digital Asset Donations? Here is what you need to know.

Originally Posted: June 20, 2022

Many nonprofits are facing the decision of whether to accept digital assets or miss the chance of substantial donations as digital assets become more popular and easier to access.

Get Smart About Art Donations

Originally Posted: February 15, 2021

Non-cash Contributions

Split-Interest Agreements

Originally Posted: February 15, 2023

What are "split-interest" ("planned giving") agreements?

Split-interest agreements, also known as planned giving, are contributions that assign the legal rights to certain assets to an NFP

Understanding Contributed Services

Originally Posted: November 14, 2022

Contributed services are professional services that have been donated by someone outside of your organization with specialized skills — such as those provided by doctors, nurses, lawyers or account

Whose Money is it? Recording Contributions Held for Others

Originally Posted: June 25, 2020

Winter is here, and many organizations are preparing for the rush of year-end grants and contributions.

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