Pledge vs. Recurring | What’s the difference?
One-Time Gifts and Pledges
In the past, donors had the option of making a one-time gift or pledge. Pledges are promises that included:
• A total gift amount
• A fixed period of time (usually 10 months)
• Monthly payments
• A specific appeal (i.e. 2013 Diocesan Lenten Appeal)
Pledges involve a redemption process, which includes monthly paper reminders and an envelope to return payment, usually made by check. Recurring gifts are more cost effective for the church and the donor, because they eliminate the need for paper reminders and for returning payments. Therefore, less of a donor’s gift is spent on administration and more can be used to meet the needs of their parish and the diocese.
Recurring gifts are promises that include:
• Monthly donations that can span appeals (i.e. a monthly gift until December 2013 spans the 2012 and 2013 Diocesan Lenten Appeal).
Optional choices with recurring gifts include:
- A monthly gift with no end date.
- A fixed period of time (i.e. a gift end date of December 31, 2013 would end with the 2013 Diocesan Lenten Appeal).
Recurring gifts are commitments to have monthly donations automatically charged to a donor’s credit or debit card or withdrawn from a donor’s checking or savings account. Donors may select a specific period of time for charges or withdrawals to occur, or donors may elect not to choose an end date.
All donors making gifts that span multiple years will be contacted annually to ensure that they want to continue the recurring gift process for the coming year. Since donors need not choose an end date for charges or withdrawals recurring gifts transcend specific appeals.
Recurring gifts made online offer donors the convenience of making their gift from home, at a time of their choosing, and a secure Website.
Please contact The Catholic Foundation for the Diocese of Greensburg at 724-552-2502 or e-mail Mike Lucotch with additional questions.