CFRE Questions and Correct Answers | Latest Update
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Course
CFRE
Institution
CFRE
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 service.
acknowledgment letter
~~>A letter s...
✓ ~~>An internal evaluation of development procedures as practiced by
a nonprofi t institution or agency; normally conducted by professional
fundraising counsel.
bargain sale
✓ ~~>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.
benefactor
✓ ~~>One who makes a major gift to an institution or agency; also, an
arbitrary classifi cation 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.
benefit event
✓ ~~>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.
Master01 | September, 2024/2025 | Latest update
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