[Client Letterhead]
DATE
PARTY_1_NAME
PARTY_1_ADDRESS_MULTI_LINE
Re: Pledge
Dear PARTY_1_NAME,
It is grateful for the client ("Client") to confirm your ("Donor") pledge to make a gift to the Client.
Your contribution will aid in our mission to MISSION. This letter agreement ("Agreement") sets out the basis for your pledge.
1. Gift by Donor
Donor pledges to give Client money or property valued at CURRENCYAMOUNT ("Gift").
Donor will make payment in the form of case, marketable securities, or other property acceptable to Client
2. Timing
The payment can be made in a lump sum by DATE_PYAMENT; Or
The payment can be made in NUMBER_INSTALLMENTS equal installments, with the first payment to be made on or before DATE_PYAMENT, and the last payment to be made on or before DATE_PYAMENT.
3. Use
Client may use the Gift for general support unless there are specific directions given by the Donor.
In line with the specific direction, Client will use the Gift, and any income earned on the Gift funds for MISSION.
For clarity, if a portion of the Gift remains unspent or unallocated upon completion of the applicable program or purpose, or in the unlikely case that Client otherwise determines in good faith that it is no longer possible for the Gift to serve its original purpose, then Client may use the remaining funds for unrestricted general support.
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