CFRE Exam Questions With 100% Correct And Verified Answers

CFRE Exam Questions With 100% Correct And Verified Answers Which of the following sectors attracts the most philanthropic support? - a.Social causes b.Education* c.The Arts d.Healthcare Which of the following individuals is most likely to give a major gift ? - 1. A current donor 2. An event attendee 3. A friend of a board member 4. A well -researched prospective donor The most appropriate role for a volunteer in thanking donors is to: - 1. Write a personal note 2. Send an invitation to a recognition eve nt 3. Send an official gift receipt 4. Report on how gifts were expended The process of volunteers examining constituent lists to identify prospective donors for a major gift is called: - 1. Peer screening 2. Segmenting 3. Prospect management 4. Volunteer review Most donor advised funds are managed by: - 1. Financial service firms 2. Individual financial planners 3. Individual donors 4. Donor giving circles Growth of the Nonprofit Sector - Philanthropy and nonprofit organizations have always played a significant role in American Society. They plan an even more significant role today. The nonprofit sector has grown to be a larger part of the U.S. economy. Is what other country does philanthropy plays a larger role than in the us? - none Seven significant roles that nonprofit organizations and philanthropy play in a civil society are: - They reduce human suffering Enhance human potential Promote private equity and justice Build community Provide human fulfillment Support experimentation and change Foster pluralism Along with the challenges brought by rapid growth in organizations and philanthropic giving, a number of other matters affect the way fundraisers do their work. These are: - Accountability Narrow Broad Blurring the Boundaries Entrepreneurial Models Accountability -- 3 things - •Funders and donors have increased their gift restrictions and continued their call for accountability. •Program evaluation, focus on results, and even impact studies to measure return on gifts have becom e more common. •Fund raisers need to make certain that their organizations are prepared to respond. According to INDEPENDENT SECTOR "narrow" accountability refers to: - 1.the formal responsibilities of individuals and organizations to report their actions to higher authorities(IRS) 2.the specific reporting mechanisms they are instructed to use (990) 3.the formal standards to which they are held. How can one ensure narrow accountability - To ensure narrow accountability, nonprofit organizations must implement formal reporting structures to comply with applicable laws and regulations. Broad Accountability Considered to be - 1."serving the public go od" 2."preserving the public trust" 3."often implicit and subjective" "Broad" accountability encompasses narrow accountability and builds on it by expanding it in two important ways: - 1.Broadens the set of higher authorities to whom individuals or organi zations are potentially responsible 2.Broadens the criteria expectations and standards to which these individuals and organizations may potentially be held How is an organization is held accountable by the public's trust. - Broad Accountability is "being able to account for the organization's implied promises to its constituents by pursuing its stated mission in good faith with defensible and transparent management and governance practices." What is income stream is increasing faster in Nonprofit organiza tions - both fee income and government funding at rates higher than philanthropy.