CFRE Exam Questions With GRADE A+ Correct And Verified Answers

What is the philosophy of fundraising? ANSWER-Fundraising is the servant to philanthropy and has been since the 17th century (means to an end). What is means to an end wrt fundraising? ANSWER-1) Fundraising is guided by mechanical forces but also moves toward a goal of self realization 2) Fundraising is never an end in itself Fundraising ANSWER-1) should never be undertaken simply to raise funds 2) must serve the larger cause 3) is value based - values must guide the process Claim v Earn ANSWER-An NP may claim the right to raise money by asking for a tax deductible gift BUT An NP must earn the privilege to ask for a gift of support by: 1) its management's responsiveness to needs 2) the worthiness of the program 3) the stewardship of its governing board AN NP may assume the right to ask but the prospective donor is under no obligation to give and must be respected for a yes or no answer. Governance is... ANSWER--an exercise in authority and control Trustees, directors or regents ANSWER-1) are the primary stewards of the spirit of philanthropy 2) hold the NPO in trust to ensure that it will continue to function according to the dictates of its mission 3) the owners of the NP 4) hold the responsibility to define and interpret the mission 5) ensure that the organization will remain faithful to its mission 6) properly deploy resources and the accompanying actions 7) secure resources