In general, a pledge is a promise to pay, which means that the promise has
to be made by the person controlling the money, and the promise must be
made with the intent that it be enforceable.
In this case, the controller of the money is the community foundation. They
are not promising to pay. They are simply reporting that they are being
guided to pay. You may want to record and use this information in your
planning, but you do not want to book it as a pledge.
Thank you,
Isaac Shalev
CRM Expert
Sage70, Inc.
(917) 859-0151
isaac@sage70.com
Schedule a *30-minute consultation *now:
https://calendly.com/sage70/30min
On Tue, Aug 20, 2019 at 10:28 AM Gwen Donev <
gwendonev@gustavus.edu> wrote:
> I've read what I can about Who Can Make and Pay a Pledge...and still not
> sure where the following stands.
>
> We received a letter from a Community Foundation to "inform you that your
> organization has been recommended to benefit from [donor's] donor advised
> fund at our Community Foundation....Annual grants from this fund...are
> intended to commence upon the death of the donor"
>
> Is this permissible as an entry for a Planned Gift to be entered from the
> DAF @ the Foundation? Soft credit to the donor? And does the aspect of it
> being a planned gift have any impact?
>
> Thanks, as always, for your replies!
>
> --
> *Gwen Donev*
>
> Director of Advancement Services
>
> Gustavus Adolphus College
>
> 800 West College Avenue
>
> Saint Peter, Minnesota 56082
>
>
>
> Email:
gwendonev@gustavus.edu
>
> Office: 507.933.6515
>