PwC comments on NFP gifts-in-kind exposure draft

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Comment letter , PwC US Apr 09, 2020

PwC commented on the FASB proposal to change the presentation and disclosure requirements for nonfinancial assets contributed to a not-for-profit entity.


PwC has responded to a FASB exposure draft on the accounting for gifts in kind. The FASB’s proposal would require the presentation of contributed nonfinancial assets as a separate line item in the statement of activities. For each category of contributed nonfinancial assets, the FASB proposed a requirement to disclose:

  1. qualitative information about whether the contributed nonfinancial assets were or are intended to be monetized or utilized,
  2. if utilized, a description of the programs in which those assets are intended to be used,
  3. a description of any donor restrictions associated with the contributed nonfinancial assets, and
  4. the valuation techniques and inputs used to arrive at a fair value measure.


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David Schmid

David Schmid

International Accounting Leader, National Professional Services Group, PwC US

Ashleigh Pierce

Ashleigh Pierce

Director, National Professional Services Group, PwC US

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