AICPA Releases White Paper on Fair Value Measurements for Nonprofit Organizations

The AICPA recently released a white paper “Measurement of Fair Value for Certain Transactions of Not-for-Profit Entities” to help organizations navigate fair value measurement involving three key transaction types:

  • Unconditional promises to give cash or other financial assets
  • Beneficial interests in trusts
  • Split interest agreements

The white paper covers many issues including:

  • Valuation approaches and techniques
  • Determining an appropriate valuation technique based on facts and circumstances and considerations for the related inputs to the valuation model
  • Determination of an appropriate discount rate when using present value techniques

The white paper is free to AICPA members.  Non-members can purchase the white paper for a nominal fee.  For more details, visit AICPA’s website.

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ERP professionals providing insight and advice for not for profit organizations.