can a non-profit show unpaid pledges as assets?

Let's just say they'll find consideration where they can, even if it wouldn't constitute consideration is a different kind of case. For example I found more than one case that enforced a pledge when the donor knew it was part of a project contributed to by other donors. The consideration wasn't something given by the donnee, but the promises of the other donors to make gifts to the same project.

It's not normal consideration because the donnee doesn't give anything and the donor doesn't receive anything. But the other donors will presumably be disappointed if someone's pledge is not satisfied. That's all that's required. Sort of like saying that a contract is enforceable simply because there is a third party beneficiary, even if there is no consideration.

Stu

Reply to
Stuart Bronstein
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Try a charitable remainder trust, or a charitable lead trust if you have kids you want to leave money to. That way you'll get a tax writeoff, actual consideration and tax advantaged money for either you or your heirs.

Stu

Reply to
Stuart Bronstein

Well, I had a job there. The job ended when I resigned to take a position at another institution.

Not that I'm aware of.

As I said in another post in this thread, if and when significant dollars are ever involved, if I'm going to be treated as though I've received consideration for my pledge then I will get consideration for my pledge.

Regards, Bill

Reply to
Bill Brown

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