Split-interest agreements are contributions that are to be shared by the nonprofit organization and other beneficiaries. A split-interest agreement is created when a donor contributes assets directly to a nonprofit organization or places them in a trust for the benefit of the nonprofit organization, but for which the organization is not the sole beneficiary. Common types of split-interest agreements are charitable lead trusts, charitable remainder trusts, charitable gift annuities and pooled (life) income funds. Split-interest agreements are either revocable or irrevocable. Revocable split-interest agreements are not recognized as contributions, while the benefits to be received by the organization related to irrevocable split-interest agreements are generally recorded as contributions. The accounting treatment varies for irrevocable split-interest agreements, depending on the type of split-interest arrangement created and whether the organization or a third party is trustee. Read FASB’s accounting codification for more details.