PG Calc Featured Articles

July and August is audit season for many of our clients. With this annual visit from the auditor comes an annual request for calculations to satisfy Financial Accounting Standards Board (FASB) requirements. These requirements are designed to create uniformity in how charities report their planned gifts, allowing more meaningful comparison of financial statements across charities. While the primary purpose of the FASB requirements is to guide charities to report planned gifts in a standardized way, it is worth considering how these calculations may help you accomplish other tasks. Might your charity’s management team use these calculations, or related ones, to assess the success of your planned giving program, estimate investment and longevity risk, and make adjustments where appropriate?