Exam (elaborations)
CFRE CURRENT TEST QUESTIONS AND ANSWERS
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CFRE CURRENT TEST QUESTIONS AND ANSWERS...
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CFRE CURRENT TEST QUESTIONS ANDANSWERS
Capital Campaign - ANSWER A well-organized, highly structured fundraising
program in which volunteers work alongside staff and consultants to generate funds
for specified requirements that must be satisfied within a specific time frame and
with a specific dollar objective. Allows contributors to make long-term pledges.
Community Foundation - ANSWER A philanthropic foundation dedicated to
supporting institutions in its town, which frequently receives bequests from
individuals with modest legacies.
Corporate Philanthropy - ANSWER Supporting grants, equipment supplies, or
other contributions made by businesses to charity organizations, sometimes through
established programs that include corporate foundations.
Endowment - ANSWER A principal or corpus held in a permanent fund to produce
revenue for the general or restricted use of an organization, institution, or program.
There are three components to fundraisers' work: ANSWER - Cultivation - engage
and increase enthusiasm and involvement.
-Solicitation - begging for assistance
-Stewardship - build the relationship with the donor, acknowledge gifts, and notify
the giver.
Charitable Instruments - Answer Bequests include beneficiary designations,
charitable gift annuities, and charitable trusts. Wills, revocable trusts, charitable gift
annuities, gift of a home or farm with a life estate, POD
, Planned Gift - Answer A donation provided for legally during the donor's lifetime,
but whose major benefits do not accrue to the institution until some future period,
typically at the death of the donor and/or his/her income beneficiary.
Planned Giving: ANSWER The application of strong personal, financial, and estate
planning principles to an individual donor's goals for lifetime and testamentary
giving.
Annual Giving: ANSWER Seeking funds on an annual or recurrent basis. Income
is often used for operational support.
Major Gifts - Answer A major gift (the quantity of the gift varies depending on the
requirements and aims of the organization) that can be repeated regularly. It's also a
program designation.
Constituency - Answer All individuals who have in some way been involved with
an institution, including members, contributors, participants, clients, and clients'
family.
Accountability: ANSWER It is the responsibility of the donee organization to keep
donors informed about the usage of their gifts as well as the expense of raising
them.
LAI Principle - ANSWER The fundraising principle of qualifying prospects based
on Linkages, Ability, and Interest.
Fiduciary - ANSWER involving trust, particularly the connection between a trustee
and a beneficiary.
Mission Statement: ANSWER A value statement that aims to answer the question
of why an organization exists, or its fundamental reason for existing.
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