Pledges were previously called promises. The term was changed to the industry standard pledge in version 5.0.
A pledge is a donor's verbal or written statement of intent to give sums of money, services, or goods over a period of time to your organization (for example, "I agree to contribute $500 to your organization this year.").
A written pledge is often (but not limited to) an agreement to contribute over a period greater than one year (for example, "I agree to contribute $3000 over a period of three years.").
Normally, a payment plan (monthly, quarterly, semi-annual, or annually) would be established for multi-year pledges.
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Pledges were previously called promises. The term was changed to the industry standard pledge in version 5.0. |