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Advancement Definitions

Advancement Definitions

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Advancement Definitions

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  1. Advancement Definitions • Pledge: A donor’s promise to give (one time or in installments) • Gift: The100% transfer of assets from the donor to OU with “no strings attached” • Pledge Payment: A 100% transfer of assets from the donor to OU with “no strings attached” applied to a previous pledge • Outright Gift: Same as “gift” but not a payment on a pledge. • Commitment: A pledge or an outright gift, not a payment on a pledge • Soft Credit: Credit / gift recognition for a gift from another entity (no gift receipt) {automated soft credit} • Third Party Payments (TPP’s): When someone makes a payment on another person/company’s pledge.