A conditional promise to give is a promise by a donor to contribute assets, but only if a specified event occurs. Thus, the recipient does not have a right to the promised assets until the stipulated event has occurred. In this case, the recipient should only recognize the asset when the underlying conditions have been substantially met (e.g., at the point when the promise becomes unconditional).
For example, a donor promises a $1,000,000 gift to the building fund of the local ballet company, which is dependent upon the ballet company first raising $250,000 from other sources. The ballet company does so after six months, so it can record the promise to give as a receivable at that time.