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The phrase "pledge money" is correct and can be used in written English.
It refers to the act of promising or committing a certain amount of money to a cause or organization. It can be used in various contexts, such as fundraising campaigns or donation drives. Example: "The company pledged $10,000 to support the local animal shelter."
Exact(58)
I was afraid to ask for the pledge money.
The pitcher sets a funding goal and people pledge money.
Twenty-eight KCET donors — although no major ones — have requested their pledge money back.
Organisers asked customers to pledge money online via a Kickstarter page.
The digital tools were terrific because they enabled people to pledge money instantaneously.
Elementary students read a chapter or book to raise pledge money for some of the library's programs.
Angry at having to bail out Greece and pledge money to a euro zone safety net, Berlin is leading the drive for harsher automatic sanctions on deficit sinners.
"Sometimes people have pledging conferences and pledge money, and they don't have any idea what they're going to do with it.
Patreon, a crowdfunding platform, allows patrons to pledge money every time a band or artist produces something: a new video, an animated cartoon, an e-zine.
If enough people pledge money that the artists reach (or surpass) their financial goals, then everyone is billed, paying in advance as you would for a magazine subscription.
Squeezed research budgets led both researchers to crowdfunding, which uses the internet to find individuals and organisations to pledge money for specific projects.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com