pass-through contributions and FASB 136

by Lawrence Smith
(Albuquerque, NM, USA)

Does FASB 136 apply to Churches?

Comments for pass-through contributions and FASB 136

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Jun 05, 2013
fasb 136
by: Anonymous

"Transfer of assets to a not-for-profit organization or Charitable trust that raises or holds contributions for others (ISSUED 6/99)"

easier to read here:

I checked out the FASB site but the language is not user friendly....
I believe it is about Trusts and donations that are not really donations...(people keeping control)

make sure your church policies have "all donations are under the church council control" (or something to that effect)
do a policy search on Vicki's site to help you out :-)

good luck!

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