CFRE Exam Studying With 100% Correct Answer 2024

accountability - correct 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. acknowledgment Written expression of gratitude for gift or service. acknowledgment letter - correct 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. acquisition mailing (or prospect mailing) - correct answer-A mailing to prospects to acquire new members or donors. advance gifts - correct answer-Gifts given or pledged in advance of a public announcement of a campaign. Advance gifts are solicited before a campaign is announced because the success or failure of a campaign may depend on the size of the advance gifts. advisory board - correct 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. analysis - correct 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. annual giving - correct answer-Annually repeating gift programs; seeking funds on annual or recurring basis from the same constituency; income is generally used for operating budget support. annual report - correct answer-A yearly report of financial and organizational conditions prepared by the management of an organization. anonymous gift - correct answer-A gift whose announcement, by specific wish of the donor, can include only the amount; the name of the donor is withheld. appreciated real property and securities gift - correct 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.