The AICPA released a white paper on issues that NPOs encounter when applying fair value accounting under ASC 820.
The announcement is here, and has the following summary:
To assist practitioners, the AICPA has issued a whitepaper, Measurement of Fair Value for Certain Transactions of Not-for-Profit Entities. The whitepaper discusses fair value measurement for the following types of transactions:
- Unconditional promises to give cash or other financial assets
- Beneficial interests in trusts
- Split interest agreements
You can go through the above link and then log in with your CPA2Biz user name & password to get a free copy of the 36 page document in PDF format.