CFRE Practice Exam questions n answers graded A+ 2023/2024

CFRE Practice Exam If a donor states that the amount of money an organization is asking for is very large, the best response is to tell the prospective donor that: - correct answer the amount is large, but emphasize the value and long term impact of the gift. When is the most appropriate time to begin devoting time and energy into the development and nurturing of a relationship with a donor? - correct answer Immediately upon receipt of the donor's first gift, irrespective of the gift size The primary purpose of rating an organization's prospective donors is to determine their: - correct answer potential to give to the organization. When budgeting the costs for a new fundraising software package, in addition to the initial purchase and upgrades, a fundraiser also should factor in: - correct answer the cost for maintenance and warranties. The primary challenge in maintaining an effective relationship between a donor and a fundraiser is: - correct answer maintaining professional balance in the relationship. Based on based giving records, a fundraiser is visiting a prospective major gift donor for the first time. Because the prospective donor has never been visited by the organization, the most appropriate strategy is to: - correct answer learn about the prospective donor's interests and link to the organization. The most essential factor in sending gift acknowledgement letters is: - correct answer speed of delivery. The first prospects to be asked to support any campaign are the: - correct answer board members In marketing, what does SWOT analysis stands for? - correct answer strength, weakness, opportunities, threats In order to be effective, it is essential that the vision and mission be continually expressed by the organization's: - correct answer leadership When interviewing prospective fundraising employees, it is most important to avoid: - correct answer questions that may be construed as personal. When developing a specific solicitation plan for an individual donor, the most important considerations are: - correct answer the connection between a prospective donor's passion and an organization's need. When soliciting leadership gifts for an organization, it is most important to: - correct answer enlist the prospect's peers to make the visit. A governing board's principal relationship is with the organization's: - correct answer chief executive officer. Which of the following responses best describes three hidden costs encountered in a capital project? - correct answer Fundraising, attrition, and inflation In the context of rating prospective donors, LAI stands for: - correct answer linkage, ability, interest. In evaluating fundraising programs, the relationship between fundraising costs and results is linked to each method used, the maturity of each program, and - correct answer previous performance. An organization has decided to hire a local fundraising consultant to work in its office one day per week to oversee and direct a campaign. The CEO has asked you to ensure the organization's interests are protected. A contract should be written establishing that the consultant will be paid: - correct answer in accordance with a code of professional ethics. Establishing the financial range of gifts that a donor will reasonably consider is referred to as a donor: - correct answer rating The single most important element in a direct mail campaign is: - correct answer the list of prospective new donors.