Education
Building Naming Rights (Major Gift Pledge)
Recording a multi-million dollar donor pledge to name a new campus facility.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Pledges Receivable | Asset (+) | 1,000,000.00 | - |
| Contribution Revenue (Restricted) | Revenue (+) | - | 1,000,000.00 |
💡 Accountant's Note
Under the accrual basis, the full pledge is recorded as revenue today (often discounted to present value) because it is a legally binding promise.
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