A pledge is a promise to make a donation to your organization. For example, a constituent may pledge to give $1,000 to your organization in response to an appeal you send to all constituents as part of a campaign. To track the pledge in your database as expected revenue, you create a new pledge record. This record contains the information required to manage the pledge, such as the installment schedule and remaining balance due for the pledge. Pledge records can also contain information about the pledge amount, designations, recognition credits, and benefits associated with the pledge, and payment methods and attributes.
A pledge can be paid in a single installment or in multiple installments. Regardless of whether a pledge is paid in single or multiple installments, you must create a new payment record for each pledge payment you receive.