Types of Donations in BigSIS

Type of Donation	Explanation	Example
Gift	A one-time donation with no recurring payments. It's paid one time and that's it.	You receive a one-time donation from a donor for $50.
Pledge	A pledge is money promised to be paid by a future date. This could mean the payment is coming in one lump sum or it will be paid out in installments until the promised amount has been received.	In January, a donor pledges to pay $1200 by December. They’ve opted to donate $100/month for 12 months until you’ve received the promised amount.
Recurring Gift	Recurring Gifts are like pledges except there’s no limit to how much the donor is going to give. They’ll keep donating in regular installments until they decide to stop.	An employee at your school gives $10 per paycheck twice a month. You will receive this money indefinitely until the employee decides to stop giving.