A pledge is a commitment by an individual or corporation to make a future contribution. Some donors make multi-year pledges, particularly during reunion years. By spreading payments over a period of time—typically five years or less—pledges allow donors to make larger commitments and fulfill them at a comfortable pace. While unpaid pledges are not included in Annual Fund totals, they can be counted toward Reunion Gift campaign dollar totals, as set forth in MIT’s Reunion Gift Crediting Rules.
Pledge years, like MIT's fiscal year, are based on the 12-month period running from July 1 through June 30.