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KNOWLEDGE CHECK

Technical
Split-interest agreements

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* Which is true of split-interest agreements?

NFPs do not enter into trust or other arrangements with donors when the NFP will share the benefits with other beneficiaries.

Upon termination of a split-interest agreement, asset and liability accounts related to the agreement should never be closed.

Irrevocable split-interest agreements should be reported by nonprofit organizations.

Revocable split-interest agreements should not be accounted for as intentions to give.

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KNOWLEDGE CHECK

Technical Split-interest agreements

Technical Split-interest agreements

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Technical
Split-interest agreements

Technical
Split-interest agreements