Receiving assets of public support category

The following accounts are used to record receipts of assets in the public support category:
1. Contributions,
2. Special Events Support,
3. Legacies and Bequests, and
4. Received from Federated and Non-federated Campaigns.

Contributions are recognized as public  support  in  the period received and as assets, decreases of liabilities, or expenses depending on the form of the benefits received.

Special Events Support. Another subdivision of the public support category covers an organization’s special fund-raising events in which the participant has the opportunity to receive something of value in exchange for a contribution. Raffles, dinners, bingo games, and bake sales are examples of special events.

Legacies and Bequests. Every VHWO hopes that its programs will be so deserving that they will encourage donors to make major contributions of personal property or real property through their wills. 

Received from Federated and Nonfederated Campaigns. The final item considered as public support is the amount received from federated (associated) and nonfederated organizations. This amount is credited to Received from Federated and Nonfederated Campaigns.