[Advancementops_leadership] Pledge based on sales

Hey everyone, I wanted to get your thoughts on the below: A donor is interested in making a 5-year pledge with the annual payments being 20% of the income earned on the sale of their product. For this reason, we won't know the total value of the pledge until it is fulfilled, but there is interest in formalizing the agreement. Have any of you accepted pledges like this and do you recommend doing so? If so, I imagine it would need to be a conditional pledge with an estimated pledge amount unless the donor decided to make a more formal pledge with the knowledge that they can add to or write off as needed? Appreciate any thoughts you may have. Thanks, Blake Blake MacIver Assistant Vice President for Development Strategy and Operations University Advancement The University of North Carolina System 140 Friday Center Drive Chapel Hill, NC 27517 (919) 843-6780 bcmaciver(a)northcarolina.edu www.northcarolina.edu<http://www.northcarolina.edu/> [email-signature-logo] The University of North Carolina is a multi-campus system composed of all 16 of North Carolina's public institutions that grant baccalaureate degrees, as well as the NC School of Science and Mathematics, a public residential high school for gifted students.