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A pledge is a promise to give in the future, while a donation is a gift that has already been received.
Pledges can be legally binding if documented and accepted by the nonprofit, but enforceability may vary by jurisdiction and pledge terms.
Pledges are recorded as receivables when the promise is made, then recognized as revenue when received or when conditions are met.
Yes, some pledges are conditional and dependent on specific events or milestones before being fulfilled.
Aplos allows users to record, track, and report on pledges, ensuring accurate financial statements and donor management.