Pledges
Use pledges to track donation commitments to be paid on a future date. Pledges can be paid in one payment or on a schedule of payments until the committed amount is fulfilled. Donations made toward fulfilling the pledge are recorded as payments on the pledge.
Pledges are similar to recurring gifts. However, recurring gifts are for regular donations to your organization on a scheduled frequency for an undetermined amount of time. For information about recurring gifts, refer to Recurring Gifts.