in accordance with sfas 136 transfer of assets to a not for profit organization or c 607242

In accordance with SFAS 136, Transfer of Assets to a Not-for-Profit Organization or Charitable Trust That Raises or Holds Contributions for Others, a cash donation from a resource provider should be reported as contribution revenue by a recipient organization when which of the following exists?

1. The recipient organization and beneficiary are not financially interrelated.
2. The resource provider does not allow the recipient organization to use the donation for beneficiaries other than those specified by the resource provider.
3. The resource provider does not grant variance power to the recipient organization to redirect the donation to other beneficiaries.
4. The resource provider grants variance power to the recipient organization to redirect the donation to other beneficiaries.