Both Gift Accounting and Development will monitor formal pledges made to the Foundation. Following the formal establishment of a pledge, it may be deemed necessary to alter the original terms of the commitment. In such instances, the installment schedule, installment amounts, and/or overall pledge amount may be modified with some form of written correspondence with the donor. In some cases, an entire pledge or a portion of a pledge may be written off if requested by a donor or deemed necessary by Donor Relations & Stewardship and/or Development. Pledges resulting from phone campaigns will be written off automatically two months after the end of the established fiscal year. The following polices apply to larger, multi-year pledges.