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Pledge by 2 parties

  • 1.  Pledge by 2 parties

    Posted 5 days ago
    Good morning,

    Can a pledge have 2 payers listed in an agreement? For instance, 2 family members or 2 neighbors pledge to fund an endowment for a total of $ dollar amount? Can they both be named in the agreement and sign it or does one have to become the legal entity for the pledge?

    Thanks.

    Trish

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    Trish Idarola
    University of New Mexico Foundation
    trish.idarola@unmfund.org
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  • 2.  RE: Pledge by 2 parties

    Posted 5 days ago
    You can have as many signers as you want!  However, they must be willing to specify the amounts each party is responsible for.  That is necessary to record a binding pledge.  Then you would create two pledges on each record for the amounts each party agrees to.

    John

    John H. Taylor
    Principal
    John H. Taylor Consulting, LLC
    2604 Sevier St.
    Durham, NC   27705
    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987