How Does a Recipient Not-For-Profit Entity Record the Receipt of a Gift

question 35

Essay

How does a recipient not-for-profit entity record the receipt of a gift that will be transferred without restriction to another charitable entity? What if the donor retains the right to revoke or redirect the gift?

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Definitions:

Consecutively

Refers to doing something in a sequence where each event or action follows the previous one without interruption.

Concurrently

Occurring or existing at the same time.

Systematic Desensitization

A behavior therapy technique aimed at reducing phobic or anxiety responses through gradual exposure to the feared object or situation paired with relaxation exercises.

Relaxation Response

A physical state of deep rest that is the opposite of the stress response, which can be induced through practices like meditation, deep breathing, or yoga.