Status of FASB Staff Position FAS 117-1

Endowments of Not-for-Profit Organizations: Net Asset Classification of Funds Subject to an Enacted Version of the Uniform Prudent Management of Institutional Funds Act, and Enhanced Disclosures for All Endowment Funds


Date Posted:
August 6, 2008

Effective Date:
For fiscal years ending after December 15, 2008; early adoption is permitted provided that annual financial statements for that fiscal year have not been previously issued

Amends FAS 124, footnote 4

Affected by:
No other pronouncements

Abbreviations for Accounting Pronouncements

FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides