CFRE Study Exam Questions With 100% Correct Answers

CFRE Study Exam Questions With 100% Correct Answers socioeconomic status indicator of giving - answermay be more capable of giving but just because they have money doesn't mean they want to support your org specifically giving history indicator - answerlong term consistent giving may indicate annual giving prospect generation indicator - answerolder people give to what they remember the institution being? ? millennials want tangible results of their gift gender indicator - answermen give to raise status, women give to help culture indicator - answerreligions and political party can influence where people give donor acquisition - answerDM Inviting prospects to events TV spots radio spots FTF Donor retention - answercheaper than getting new donors consistent attention from people at high levels is critical, they need to be cultivated and stewarded individual giving and motivations - answerbulk of gifts motivated by emotion some to balance negative image with positive one motivated by the mission might like buildings named after them etc corporate giving and motivations - answershare is smaller not motivated by emotion specific budget location centric boost to public image and bottom line foundation giving and motivations - answerprivate foundations have guidelines corporate foundations give for much the same reason corporations do categorical grants - answerFederal grants that can be used only for specific purposes, or "categories," of state and local spending. not meant to fully fund, may utilize matching commonly infrastructure or head start programs info needed to identify prospective donors - answeruse the board, stand, donor files and special events mailing list LAI Identifying prospective donors - answerLinkage Ability Interest donor profile components - answercapability to give - occupation, salary, stock willingness to give support of other charities giving record (how consistent, what interests them) narrative about donor intent whether they might be better for planned giving donor giving patterns - answermay indicate level of interest if they haven't given in a while they could have lost interest large gifts mean they could have the ability to increase many small gifts - planned giving yearly with no ask might mean they could do more with cultivation if they're old they could benefit from a trust or annuity data analysis techniques - answerstatistical - collecting, exploring, and presenting large amounts of data to discover patterns data mining - turning raw data into useful info segmentation - dividing data and grouping in to similar sets data gathering techniques - answersurveys - many people focus groups - two way communication interviews - one on one social networking elements of a comprehensive data management solution - answerdatabase focused on privacy and security that can easily spit out information and record lots of detail relationship between annual capital and planned - answerdonors don't give in just one category, they're not mutually exclusive officers need to work together to find the right fit Personally Identifiable Information (PII) - answercard number, SSN, driver's license number must notify in case of a breach ethical use of data - answeradhere to donor's bill of rights elements of engagement, cultivation, solicitation and stewardship plans - answeridentifying and qualifying - prospecting and screening engaging prospects - plan for successfully engaging