CFRE Midterm Exam - Missed Q With 100% Correct Answers 2024

A person is the fundraiser for a new not-for-profit organisation. Now that the first fundraising campaign has produced donors, one of the primary responsibilities of the fundraising office is to retain the donors so that they will continue giving. The BEST course of action to accomplish this is to: a. Recognise the donors publicly at events. b. Include the donors in upgrade efforts such as donor clubs. c. Invite new donors to contribute to other projects that need funds. d. Place the donors on the organisation's mailing list. - correct answer-b. Include the donors in upgrade efforts such as donor clubs. What's the maximum amount a donor can claim as a charitable tax deduction on their taxes when the contribution is cash to a public charity and they itemize their income taxes? a. 30% b. 60% c. 100% d. 50% - correct answer-b. 60% How can you improve a volunteer's ability to solicit a gift from an established donor? a. Have an experienced donor accompany him/her on the call b. Share an in-depth gift history and profile with the volunteer c. Make sure the volunteer knows the donor well d. Have the volunteer bring the most up-to-date printed materials from the organisation - correct answer-c. Make sure the volunteer knows the donor well Marketing involves the selection of target markets rather than a random attempt to win every market and be all things to everyone. It supports an organisation in many ways such as: a. Provides a research function for strategic and development planning, helps engender buy in to the various development activities and strategic plan and links the organisation to various constituents (publics, audiences, markets) b. Brings about voluntary exchanges of values. To be successful, the response sought has an investment that must be based on the value of the transaction to the customer and a mutually satisfying exchange c. Relies on presenting the organisation's products in terms of the target market's needs and desires - it is user-oriented rather than seller-oriented d. Answer All of the above - correct answer-d. Answer All of the above In the pyramid of giving, which of the following BEST illustrates the top of the pyramid? a. Planned giving and capital giving b. Capital giving and special/major giving c. Planned giving and special/major giving d. Repeat annual giving and capital giving - correct answer-a. Planned giving and capital giving In the most basic form, the modern fundraising programme requires all of the following except: a. A Case for support b. Potential donors to support the case c. A method to connect the two d. An unmet societal need - correct answer-d. An unmet societal need All of the following are examples of sanctions that could happen if an ethics complaint is filed against an individual EXCEPT: a. Censure b. Suspension c. A financial penalty d. Revocation of membership, and recommendation of revocation of certification credentials - correct answer-c. A financial penalty All of the items listed below are activities of the Chief Development Officer EXCEPT: a. Serve as chief assistant to the CEO for development initiatives b. Evaluate, terminate, or reassign ineffective staff c. Serve as the main planner for development d. Determine and provide accountants with annual fundraising goal - correct answer-d. Determine and provide accountants with annual fundraising goal Proposals, personal meetings, and support items are examples of: a. Investment materials b. Cultivation materials c. Communication materials d. Marketing materials - correct answer-c. Communication materials In evaluating fundraising programmes, the relationship between fundraising costs and results is linked to each method used, the maturity of each programme, and: a. Timing in the year b. Previous performance c. "Bottom line" total revenue d. Funds raised - correct answer-b. Previous performance Which of the following does not fall under development planning? a. Identification of prospective donors b. Case statements c. Stewardship d. Values statements - correct answer-d. Values statements