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Do you have a split-interest agreement, such as a CRT, CLT or unitrust? These split-interest agreements are created when a donor contributes assets directly to a not-for-profit organization or places them in a trust for the benefit of the not-for-profit organization, but for which the organization may or may not be the sole beneficiary. Join us for this session as we discuss:
-Split-interest agreements: definitions and the different types of agreements
-How to account for split-interest agreements
-Tips and suggestions for reviewing and recording these agreements
-Disclosure requirements within the financial statements, footnotes and the Form 990
Determine how to record and report these types of agreements after Year 1.
Learn the disclosure requirements for both the financial statement footnotes and the Form 990.
Speaker(s):
Jennifer
Hoffman,
CPA,
National Not-for-Profit Audit Leader,
Grant Thornton LLP
Rick
Wentzel,
CPA,
NFP Audit Partner,
Grant Thornton LLP
