This chapter helps the reader identify the appropriate accounting for recording and recognizing contributions and identify when to record an unconditional promise to give. It determines how to measure unconditional promises to give. In order to qualify as a contribution, a donation must be unconditional. Unconditional contributions are measured at the fair value of the assets or services received or promised, or the fair value of the liabilities satisfied. As such, not-for-profits (NFPs) recognize contributions when pledged if there are restrictions. They record the pledge as restricted and then release the donor restriction when the time or purpose restriction has been met. Financial Accounting Standards Board Accounting Standards Codification focuses on the difference between a promise to give (a pledge that is recorded as a contribution when received) and an intention to give (someone informs an NFP they have included the NFP in their will).