Section 4449 - Combinations by not-for-profit organizations

This section sets out standards for the recognition, measurement, and disclosures of a combination involving two or more not-for-profit organizations that are unrelated parties or related parties.

This section does not apply to the:

• acquisition of a for-profit enterprise by a not-for-profit organization, which is set out by ASPE Section 1582, Business Combinations;
• contribution of a for-profit enterprise to a not-for-profit organization;
• contribution of cash or other assets, which do not constitute a not-for-profit organization, to a not-for-profit organization; or
• formation of a joint venture.

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