Study with the several resources on Docsity
Earn points by helping other students or get them with a premium plan
Prepare for your exams
Study with the several resources on Docsity
Earn points to download
Earn points by helping other students or get them with a premium plan
Community
Ask the community for help and clear up your study doubts
Discover the best universities in your country according to Docsity users
Free resources
Download our free guides on studying techniques, anxiety management strategies, and thesis advice from Docsity tutors
A comprehensive overview of key concepts related to the cfre exam, focusing on charitable giving, donor relations, and nonprofit management. It includes a series of practice questions and answers, designed to help individuals prepare for the exam. Topics such as annuity buyers, donor recognition, financial reporting, and ethical considerations in fundraising.
Typology: Exams
1 / 4
An annuity buyer can purchase a single-life annuity for themselves. They will be paid in installments, and when they die, the charity keeps/does not keep the principal. - correct answer keeps A buyer can purchase an annuity for themselves and their spouse, and this is called a _______________________ - correct answer two-life annuity A donor receives credit for their gift when they send a check in an envelope on what date? - correct answer date of postmark on envelope Is placing a check in an envelope and mailing it considered relinquishing control? Yes/No - correct answer yes The general principle is the date that the donor ______________________________ of the charitable donations is the date of the gift - correct answer relinquishes control What should the donor recognition page of a nonprofit's website always include? - correct answer All donors' names and the giving categories they fall into Most nonprofits print an annual ______________________ to recognize generous people that support them - correct answer donor list A development director should / should never speculate about the status of a prospect's life. Even though donor files are confidential, you never know who might read them. - correct answer should never A _____________ reveals a nonprofit's financial stability and its expenses. Donors can make decisions about donations by evaluating a nonprofit's salaries and expenditures. - correct answer form 990 What reveals a nonprofit's income, expenses, and the highest salaries of their administrators, their board members' names, and total revenues for the last five years? - correct answer form 990
form 990 - correct answer reveals a nonprofit's financial stability and its expenses. Donors can make decisions about donations by evaluating a nonprofit's salaries and expenditures. Should all nonprofits use the same rates when they run calculations for donors who may be interested in a charitable gift annuity? - correct answer Yes Using a national organization to set _____________ helps nonprofits compete for annuity customers - correct answer rates Using a ___________________ to set rates helps nonprofits compete for annuity customers - correct answer national organization Why are some nonprofits reluctant to recognize the gifts of life insurance policies in capital campaign totals? - correct answer donor can switch the policy's beneficiary An insurance policy's beneficiaries are easily ________________________. A nonprofit might be taken out of the list of beneficiaries and not be aware of it. - correct answer changeable When a nonprofit calls a donor who says he or she is on the No Call Lit and that they will report the nonprofit, what does the organization need to do?
This is because charities are _____________________ from the No Call List - correct answer nothing exempt Although charities are exempt from the No Call List regulations, a donor who says they do not want to be called should have what on their file? - correct answer no calls The calculation of a an ___________________ is the total dollars in annual contributions divided by the number of gifts received - correct answer average gift
A board ________ a nonprofit, and the staff ____________ a nonprofit's operations - correct answer governs manages A ___________ governs a nonprofit, and the ____________ manages a nonprofit's operations - correct answer board staff Bequest gifts can be many times larger/smaller than their annual or capital gifts - correct answer larger ___________________________ can be many times larger than their annual or capital gifts - correct answer bequest gifts Is there a difference in giving among races? - correct answer no If the original purpose of the bequest cannot now be fulfilled because programs, technology and structures change, does it benefit the nonprofit to work with the family to try to fulfill the donor's intent in other ways? If no communication occurs, families have been known to ____________ to claw back entire bequests. - correct answer yes sue Development officers should / should never gossip with donors in order to cultivate strong relationships. One should never share other people's ________________________ with donors. - correct answer should never personal information Nonprofit staff should take encounters regarding misunderstanding's on the Nonprofit's intention or mission to the public relations or marketing department so they can decide how it may create __________________________ or ____________________________ to reflect its contemporary mission and services based on clients' needs. - correct answer public images messages
Can correcting false assumptions change donors' minds? - correct answer yes