CPE Self-Study

Split-Interest Agreements and Endowments: Not-for-Profit Accounting & Financial Reporting

  • $59.00-$69.00
    Split-Interest Agreements and Endowments: Not-for-Profit Accounting & Financial Reporting Availability : Online Access Product #: 165131
    AICPA Member: $59.00
    Non-Member: $69.00
  • Contact Sales
    Contact a representative for group pricing. 800.634.6780 (Option 1) | Contact Us Product #: GT-NFP-AFR11

This CPE course is included in the 40-hour Not-for-Profit Certificate Program. It can also be purchased individually or as a part of the Not-for-Profit Accounting and Financial Reporting track.

Endowments and split-interest agreements are significant sources of support for many not-for-profit organizations. In this CPE course, you will learn how not-for-profits utilize and manage planned gifts. You will work through several scenarios to understand the financial accounting and reporting requirements.

Learning Objectives

When you complete this course, you will be able to:

  • Differentiate between the various types of endowments and split-interest agreements
  • Determine the correct net asset classification for endowments and split-interest agreements
  • Identify the accounting and reporting requirements, including financial statement presentation and footnote disclosures

Topics Discussed

  • NFP reporting standards
  • Management of donor-restricted endowments under the Uniform Prudent Management of Institutional Funds Act (UPMIFA)
  • Application of an endowment spending policy
  • Accounting for common split-interest agreements used by NFPs, such as charitable trusts, pooled (life) income funds, and gift annuities
  • Revenue recognition and subsequent valuation of split-interest agreements
  • Financial statement presentation and disclosures related to endowments and split-interest agreements

Who Will Benefit?

  • CPAs who are new to NFPs, entry-level staff in public accounting firms, seasoned professionals with limited exposure to NFPs, and NFP board members


Not-for-Profit Section Members Receive Additional Savings!

When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

Find out more information on the NFP Section.

About the Authors

Karen Craig

About the Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.