CFRE Exam Flash Cards (use this set)
Q&A 100% Solved | Rated A+
Accountability - The responsibility of the donee organization to keep
a donor informed about the use that is made of the donor's gift as well as
the cost of raising it.
Acknowledgment - Written expression of gratitude for gift or ...
Bequest - ✔✔A transfer, by will, of personal property such as cash,
securities, or other tangible property.
Big gifts - ✔✔A general term used to signify gifts in upper ranges, the
precise limits varying from institution to institution. Their importance is
emphasized in all fundraising campaigns.
Board of directors - ✔✔Individuals selected (for example, by other
directors or members) in accordance with law (usually reflected in bylaws)
to establish policy and oversee the management of an organization or
institution.
Book value - ✔✔The amount of an asset stated in a company's records,
not necessarily the amount it could bring on the open market.
Bricks and mortar - ✔✔Common manner of alluding to the physical plant
needs of an institution and to the campaigns designed to secure the
necessary funds. A "bricks and mortar campaign" is a campaign to raise
building funds.
Budget - ✔✔A detailed breakdown of estimated income and expenses
for a development program, prepared in advance. Budgets show various
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