PRS believes that we are partners with you in redeeming your pledges. Furthermore, because we believe so strongly that a parish should implement a proper Pledge Redemption Program, we are pleased to establish the following guarantee to solidify our commitment to implement a successful and effective Pledge Redemption Program and not bear the burden of financial risk:
Your Parish must recover its total first year's investment in new pledges and gifts generated by the Pledge Redemption Service Program. If the PRS program produces less than the fee in new contributions, the fee is reduced to an amount no more than the new amount generated. If an amount more than the redemption service fee is generated, the fee is not increased.
- Pledge increases from original pledgors will not be counted toward the guarantee.
- Pledges and gifts received during the first 90 days of the Pledge Redemption Service Program will not be counted toward the guarantee.
- In order for the guarantee to apply, this Program must be in effect for twelve months.