Recognition is also given for a pledge of $1,000,000 or more payable over a period of five years; an irrevocable transfer in trust of $1,500,000 or more; a pooled income fund gift of $1,500,000 or more; a signed gift declaration and binding agreement for an intended transfer by will of $1,500,000 or more; or the purchase of a non-term life insurance policy with a face value of at least $1,500,000.