CFRE Scavenger Hunt Exam Questions With 100% Correct Answers

CFRE Scavenger Hunt Exam Questions With 100% Correct Answers What's the self-assessment mean on page 11 of the CFRE Study Guide? - answerIt's a job task assessment to determine your testing knowledge. It will show you where your weak areas are so you can study more in those areas. What's your study plan for the CFRE exam? - answer- Week 1: Prospect Research (study for 1 week) - Week 2: Securing the Gift (study for 1 week) - Week 3: Relationship Building (study for 2 weeks) - Week 4: Volunteer Involvement (study for 1 week) - Week 5: Leadership and Management (study for 1 week) - Week 6: Ethics (study for 1 week) - Week 7: Review 1 domain every night before bed - Week 8: CFRE intensive course - Week 9: Review 1 domain every night before bed What are the ethical principles outlined on page 15 of the CFRE 2020 study guide? - answer1. Responsibility to fully comply with relevant legislations and regulatory standards 2. Responsibility to supporters 3. Responsibility to their [fundraising professionals'] cause and beneficiaries 4. Management reporting, finance, and fundraising costs 5. Pay and compensation What resources do you need to prepare for the CFRE exams? - answer- Achieving Excellence in Fundraising (4th edition) - CFRE Compass Study Guide - AFP CFRE Manual - Jack Alotto's CFRE Study Group - Jack Alotto's CFRE Intensive Study Group Outline the elements of a robust fundraising program? - answerMission, goals, tactics, budget and timeline - statement of purpose - strategic/financial development goals - strategies for achieving goals - operational policies related to goals - identified/targeted constituencies - analysis of potential by constituency and strategy - cultivation strategies - solicitation strategies - action plan and timetable for each strategy with income benchmarks - assignment of responsibilities for strategies and individual solicitations to volunteers, staff, others - marketing needs for each strategy - budget and funding for each strategy - indicators of success - monitoring of processes/systems What are the components of a donor profile? - answer- complete contact info - biographical data - business history - giving history - cultivation/solicitation contact records - publicly available info from other orgs - sources of info checked for the prospect and most recent review dates - general and specific interests Why do a gift agreement? What is a gift agreement and how do you use it? - answerGift agreement: a formal arrangement between a donor and the recipient which spells out the nature of the gift, how it used, and how the gift will be acknowledged Why use it: It's best to have a record of a significant gift made to your org (major gift, planned gift, endowment) How do you use it: - discuss the terms of the gift agreement with the donor - the gift officer creates the gift agreement based on the donor's wishes - the donor receives the agreement and reviews and/or revises it - the gift agreement is signed with the knowledge of it not being legally binding - gift officer and donor receives a copy for their records What are some barriers to giving (page 42 of the CFRE compass 2020 book)? - answer- a poorly defined and/or articulated case for support - trust in the org - poor stewardship - lack of communication with donors - lack of demonstrated impact In the AFP CFRE refresher course what do they mean on page 93 by the expression pick the right prospects? - answerIt is the appropriate contact that makes the difference in fundraising. The prospect should have a strong LAI. What is meant by the statement that CFRE is a relationship building model of fundraising? - answerThe entire structure of this model is based on a donor centric view of how fundraisers should do their work. The relationship building process starts from the internal work that you have to do (building case for support) all the way to the external work with your constituencies. Why is stewardship typically defined as recognition and impact? - answerStewardship defines how we show our donors that we are good stewards of their money. The best way to demonstrate this is to show impact and thank them for their gifts in a timely manner. What must be in place for philanthropy to flourish? - answer- donor-focused research