Oral pledges will be recorded for those received through an authorized telethon or phonathon campaign or program with the understanding that the institution or their agent mails a confirmation note to the donor immediately following the solicitation period. Written approval must be granted by the Gift Acceptance Committee for any other exception.
Pledges of cash should be written, signed by the donor, should commit to a specific dollar amount that will be paid according to a fixed time schedule and indicate what purpose the gift will be used for and not be subject to any condition or precedent. (See Appendix B). Gifts of $25,000 or more shall be recorded through a Gift Agreement (See Appendix C).
The pledge payment period should not exceed five years. Therefore, a pledge received even on the last day of a solicitation period is counted in fundraising totals and may be paid over a five-year period.
Testamentary pledges and pledges of deferred gifts shall be documented through a Bequest Intention form or other documentation as noted above. (See Appendix D).