The following minimum information must exist to substantiate a pledge:
- The amount of the pledge must be clearly specified;
- There must be a clearly defined payment schedule or a specified end date;
- The pledge designation(s) must be identified;
- The donor may not proscribe contingencies or conditions; and
- 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