CFRE Exam questions n answers graded A+ 2023/2024

CFRE ExamAn 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. - correct answer keeps A buyer can purchase an annuity for themselves and their spouse, and this is called a _______________________ - correct answer two-life annuity A donor receives credit for their gift when they send a check in an envelope on what date? - correct answer date of postmark on envelope Is placing a check in an envelope and mailing it considered relinquishing control? Yes/No - correct answer yes The general principle is the date that the donor ______________________________ of the charitable donations is the date of the gift - correct answer relinquishes control What should the donor recognition page of a nonprofit's website always include? - correct answer All donors' names and the giving categories they fall into Most nonprofits print an annual ______________________ to recognize generous people that support them - correct 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. - correct 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. - correct 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? - correct answer form 990 form 990 - correct 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? - correct answer Yes Using a national organization to set _____________ helps nonprofits compete for annuity customers - correct answer rates Using a ___________________ to set rates helps nonprofits compete for annuity customers - correct answer national organization Why are some nonprofits reluctant to recognize the gifts of life insurance policies in capital campaign totals? - correct answer donor can switch the policy's beneficiary An insurance policy's beneficiaries are easily ________________________. A nonprofit might be taken out of the list of beneficiaries and not be aware of it. - correct answer changeable When a nonprofit calls a donor who says he or she is on the No Call Lit and that they will report the nonprofit, what does the organization need to do? _________________ This is because charities are _____________________ from the No Call List - correct answer nothing exempt Although charities are exempt from the No Call List regulations, a donor who says they do not want to be called should have what on their file? - correct answer no calls