By Alan Cantor
The pledge-that-isn’t accounting. . In the good old days (I’m talking about all of 20 years ago), donors to a capital campaign would sign a three-year pledge at $100,000 a year. Today, if that same donor is ready to commit to a three-year, $300,000 gift but wants to use her donor-advised fund — well, she can’t, because of the prohibition against using such funds to fulfill a personal pledge. A lot of organizations have the donor sign an “intent-to-donate” form that’s sort of a pledge form-lite — a moral obligation, but not a legally binding one, and it is not recorded as a pledge in the institution’s financial statements.