CERTIFIED FUND RAISING EXECUTIVE (CFRE) EXAM STUDY
GUIDE | QUESTIONS & ANSWERS | NEW 2026/2027 UPDATE |
GRADED A+| 100% CORRECT (VERIFIED SOLUTIONS)
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. -
ANSWER
keeps
A buyer can purchase an annuity for themselves and their spouse, and this is called a
_______________________ -
ANSWER
two-life annuity
A donor receives credit for their gift when they send a check in an envelope on what date? -
ANSWER
date of postmark on envelope
Is placing a check in an envelope and mailing it considered relinquishing control? Yes/No -
ANSWER
yes
The general principle is the date that the donor ______________________________ of the
charitable donations is the date of the gift -
ANSWER
relinquishes control
What should the donor recognition page of a nonprofit's website always include? -
ANSWER
All donors' names and the giving categories they fall into
Most nonprofits print an annual ______________________ to recognize generous people that
support them -
, 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. -
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. -
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? -
ANSWER
form 990
form 990 -
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? -
ANSWER
Yes
Using a national organization to set _____________ helps nonprofits compete for annuity customers
-
ANSWER
rates
GUIDE | QUESTIONS & ANSWERS | NEW 2026/2027 UPDATE |
GRADED A+| 100% CORRECT (VERIFIED SOLUTIONS)
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. -
ANSWER
keeps
A buyer can purchase an annuity for themselves and their spouse, and this is called a
_______________________ -
ANSWER
two-life annuity
A donor receives credit for their gift when they send a check in an envelope on what date? -
ANSWER
date of postmark on envelope
Is placing a check in an envelope and mailing it considered relinquishing control? Yes/No -
ANSWER
yes
The general principle is the date that the donor ______________________________ of the
charitable donations is the date of the gift -
ANSWER
relinquishes control
What should the donor recognition page of a nonprofit's website always include? -
ANSWER
All donors' names and the giving categories they fall into
Most nonprofits print an annual ______________________ to recognize generous people that
support them -
, 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. -
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. -
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? -
ANSWER
form 990
form 990 -
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? -
ANSWER
Yes
Using a national organization to set _____________ helps nonprofits compete for annuity customers
-
ANSWER
rates
