Donor A donates $ $500,000$ to an NFP organization with the stipulation that the donor will receive $$48,000/$year for his lifetime which is expected to be $8$ years per actuarial tables.$$ The present value of that stream of payments at a $5\%$ discount rate is estimated to be $ $310,000.$ record the initial contribution and the first year payment and estimated adjustment for interest. You may estimate the interest.

Donor B donates $ $500,000$ to a trust with four equal NFP beneficiaries.$$ Your NFP is one of those.$$ The trust investments earn $8\%$ investment income in year $1.$ The trust distributes half the earnings to the beneficiaries.$$ Record the initial transaction and the year $1$ activity.