Charities love them. Donors, not so much. The enforceable pledge is a double-edged sword, with advantages and disadvantages to charity and donor alike. As a generous donor who is bound to be solicited for a major gift
Out of the brouhaha over Donald Sterling’s remarks and the pending sale of the Los Angeles Clippers to former Microsoft CEO Steve Ballmer comes a happy ending: the possible creation of a $200 million charitable foundation.