We have a donor who wants to document a conditional pledge where the only condition is that the institution meets the agreed upon intent/purpose of the gift. If we are unable to do so, the donor reserves the right to end the pledge and have any remaining funds returned. According to CASE*, if we have a reasonable expectation that we can meet the condition, we can count the full pledge. It would seem that, since the intent/purpose is agreed upon by us, we then have the reasonable expectation to meet the condition, and we can count it. But we wanted to check this thinking with all of you.
*"Report to CASE...all conditional pledges where you have reasonable expectation that the conditions will be met by the institution. Do not report to CASE...conditional pledges where conditions may not be met by the institution, until such time that it is anticipated the conditions will be met."
Thank you,
Laura Martin
Laura Martin
Director of Stewardship and Gift Compliance
University of New Hampshire
laura.martin@unh.edu