4.7.1 Substantiation Requirements

The following minimum information must exist to substantiate a pledge:

  1. The amount of the pledge must be clearly specified;
  2. There must be a clearly defined payment schedule or a specified end date;
  3. The pledge designation(s) must be identified;
  4. The donor may not proscribe contingencies or conditions; and
  5. The evidence of the pledge should include words such a “promise,” “agree,” or “will” rather than “intend,” “plan,” “hope”.

Last Updated on June 21, 2019