A trip to the bond market can come with an accounting surprise for some charities.
Advisers told the Financial Accounting Standards Board on March 19, 2026, that nonprofits issuing certain public debt can find themselves swept into public-entity reporting rules under U.S. GAAP, triggering earlier adoption dates, broader disclosures and added compliance costs.
“I would agree that there is some confusion out there,” said Sheryl Madden, deputy CFO and controller of The Kresge Foundation, at a meeting of FASB’s Not-for-Profit Advisory Committee.
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