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CFRE EXAM FLASH CARDS (USE THIS SET)/170 QUESTIONS AND ANSWERS (A+)
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CFRE EXAM FLASH CARDS (USE THIS SET)/170 QUESTIONS AND ANSWERS (A+)
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CFRE EXAM FLASHCARDS (USE THIS
SET)/170 QUESTIONS
AND ANSWERS (A+)
Accountability - √Answer>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.
Quiz:Acknowledgment - √Answer>Written
expression of gratitude for gift or service.
Quiz:Acknowledgment letter - √Answer>A letter
sent by a donee, or on behalf of a donee, to the
donor, expressing appreciation for a gift and
identifying the use that will be make of the gift. An
acknowledgment letter may be a form letter, but it
is usually personalized.
Quiz:Acquisition mailing (or prospect mailing) -
√Answer>A mailing to prospects to acquire new
members or donors.
Quiz:Advance gifts - √Answer>Gifts given or
pledged before a public announcement of a
,campaign. They are solicited before a campaign is
announced because the success or failure of a
campaign may depend on the size of the advance
gifts.
Quiz:Advisory board - √Answer>A group of
influential and prominent individuals whose
association with a development program is
calculated to lend luster and implied endorsement
of the program's goals and objectives.
Quiz:Analysis - √Answer>That section of a study
that deals with the factors essential to success in a
fundraising program; principally the case for
support, leadership potential, and fields of support.
Quiz:Annual giving - √Answer>Annually repeating
gift programs; seeking funds on annual or
recurring basis from the same constituency;
income is generally used for operating budget
support.
Quiz:Annual report - √Answer>A yearly report of
financial and organizational conditions prepared
by the management of an organization.
Quiz:Anonymous gift - √Answer>A gift whose
announcement, by specific wish of the donor, can
include only the amount; the name of the donor is
withheld.
,Quiz:Appreciated real property and securities gift -
√Answer>Gifts of real estate or securities, which
when held long term are deductible for federal
income tax purposes at the full fair market value
with no capital gain on the appreciation. However,
the appreciation is a tax preference item, and
proper counsel should be obtained to evaluate
whether this would have alternative minimum tax
consequences.
Quiz:Associates - √Answer>A term used variously
to describe a group of individuals who may be
supporting an institution through contributions at a
prescribed level, serving in a special advisory
capacity, or serving as a sponsoring body for
special institutional events.
Quiz:Audit - √Answer>An internal evaluation of
development procedures as practiced by a
nonprofit institution or agency; normally conducted
by professional fundraising counsel.
Quiz:Bargain sale - √Answer>The sale of property
at less than its fair market value. Frequently, a
person will sell property to a 501(c)(3) organization
or institution at a "bargain" price (for example, the
individual's cost as opposed to its market value).
The transaction is partly a gift and partly a sale.
, Quiz:Benefactor - √Answer>One who makes a
major gift to an institution or agency; also, an
arbitrary classification of contributors whose gifts
are above a certain level, which is calculated to
single them out as a group and to stimulate similar
giving by others.
Quiz:Benefit event - √Answer>A form of
fundraising that involves the organization and
staging of a special event for charitable purposes;
all proceeds above expenses are designated as a
contribution to the charitable institution concerned.
Quiz:Benevolence - √Answer>A disposition to do
good; an act of kindness; a generous gift.
Quiz:Bequest - √Answer>A transfer, by will, of
personal property such as cash, securities, or
other tangible property.
Quiz:Big gifts - √Answer>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.
Quiz:Board of directors - √Answer>Individuals
selected (for example, by other directors or
members) in accordance with law (usually
reflected in bylaws) to establish policy and
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