| has gloss | eng: The threshold pledge system is a way of making a fundraising pledge as a group of individuals, often involving charitable goals or financing the provision of a public good. An amount of money is set as the goal or threshold to reach for the specified purpose and interested individuals will pitch in, keeping the donation in an escrow fund. When the threshold is reached, the contributions are retired from the escrow fund and a contract is formed so that the collective good is supplied. This system is often applied to creative works, both for financing new productions and for buying out existing works; in these cases, it's known as fund and release, ransom publishing model, or Street Performer Protocol (SPP). |