It is usually a program that is done in conjunction with an Annual Mission Conference within the local church. This conference can be a weekend or whatever length of time the church desires.
The Faith Promise is a commitment to mission for the coming year (over and beyond your regular budget giving); a specific amount each person will trust God to supply through them. Before hand the church usually decides on a goal they think should be possible for the God to give through them to missions. Each person is encouraged to make a commitment recorded on a card. The total of all the cards then represents the church's faith pledge. It is a covenant of obedience between individuals and God, that the individual will be faithful to give beyond their ability as God provides out of His unlimited resources. The pledge is not binding on anyone, but only a step of faith that will cause the person to look and wait for God provision to enable them to fulfill the pledge.
Time and again it has been shown that God blesses individuals and churches who use the Faith Promise program as a means of being faithful to the Biblical mandate of Christ's Great Commission.