A pledge is a signed and dated commitment to make a gift over a specified period, generally two or more years, payable according to terms set by the donor and accepted by Children Global Initiative.
Pledges must be documented by a Memorandum of Understanding signed by the donor and countersigned by the President of Children Global Initiative. Pledges for $1,000,000 or more are also countersigned by the President of Children Global Initiative. Pledge documentation is to include:
Name of donor
Type of gift (i.e. current use fund; endowed fund)
Authorizations (i.e. publicity and donor recognition)
Name of gift (if applicable)
Payment schedule (amounts and dates due)
Purpose of gift
Other information as applicable (i.e. additions to fund; change of the fund's use should stated purpose no longer be possible)
In general, pledges for major gifts should not exceed five years. Exceptions for very large or unusual gifts may be made by the Gift Acceptance Committee.
For more information, please contact Jordan Lynn