Both the Office of Gift Accounting and Office of Development will monitor formal pledges made to Arch. Following the formal establishment of a pledge, it may be deemed necessary to alter the original terms of the commitment. In such instances, the installment schedule, installment amounts, and/or overall pledge amount may be modified with some form of written correspondence with the donor. In some cases, an entire pledge or a portion of a pledge may be written off if requested by a donor or deemed necessary by the Office of Donor Relations and/or the Office of Development. Pledges resulting from phone campaigns will be written off automatically as part of an automated programming feature of the ASCEND gift accounting software package. The following polices apply to larger, multi-year pledges.

Pledge Monitoring

1. The Office of Gift Accounting will produce a quarterly report for all pledges 3 months past due or past the pledge end date. The pledge installment profiles found on the reports will be sorted by account and will be grouped under the appropriate school, college, or unit constituency area. The reports will be distributed to the unit-based development officers for their review. A comprehensive copy of the report, encompassing all constituency areas, will be forwarded to the Senior Director for Constituent-Based Programs, the Associate Vice President for Development, the Executive Director of Gift and Estate Planning, the Senior Director of Leadership and Major Gifts, the Senior Director of Annual and Special Gifts, and the Executive Director of Donor Relations and Stewardship.

2. The expectation is that the various development officers will review the past due pledge(s) and take the most appropriate course of action. In some instances, the development officer may contact the donor in order to ascertain current intentions. All follow-up conducted on these pledges should be routed through the Office of Gift Accounting and they will update the pledge.   TOP

Pledge Modifications

Should a donor indicate that an existing pledge requires modification, a written confirmation outlining the altered conditions, such as changes in pledge period, installment amount, or fund designation, must be forwarded to the Office of Gift Accounting. Documentation relating to minor alterations may originate from either the donor or the development officer. No significant alterations will be made, however, without receipt of appropriate documentation from the donor. Staff from the Office of Gift Accounting will be responsible for making all necessary modifications and ASCEND entries relating to requested pledge alterations. TOP

Pledge Write Offs

1. If deemed appropriate by Arch or the Office of Donor Relations and/or the Office of Development, the Office of Gift Accounting may terminate a donor's pledge. If requested, an entire pledge balance, or the remaining portion of a pledge, may be written off. Such requests may originate with either the donor or a development officer. The Office of Donor Relations and/or the Office of Development will accept written write-off requests and will coordinate with the Office of Gift Accounting on implementing the write-off. A request must be in writing and should include a brief statement of justification.

2. All pledges provided by the Office of Gift Accounting to the Office of Development on the quarterly monitoring report will be written off 60 days after the report has been released unless the Office of Gift Accounting is notified of a change.

3. Pledge write-offs associated with previously assigned naming opportunities will be handled in a manner appropriate to the particular pledge, and on a case-by-case basis, initiating with the Gift Acceptance Committee as these situations may involve Regents policies and procedures as well as amendments and/or adjustments to financial statements, bond issuances, etc.

4. A statement addressing the total of pledge balances written off during the course of a fiscal year will be included in an annual report to Arch Board of Trustees.   TOP