The response from fundraisers, to me, has always been : "Our pledges are not legally binding."
I'm not quite sure how to respond to this point. I'm certain most organizations would never go to court over a annual fund pledge, but that stance might change for a capital pledge that has been terminated prematurely. The pressure is on for us to relax our policy simply because of the pledge adjustments/reporting issue that confuse development officers.
Any advice?
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