CFRE Practice Exam Questions With 100% Correct Answers

CFRE Practice Exam Questions With 100% Correct Answers 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: - answerthe 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? - answerImmediately 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: - answerpotential 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: - answerthe cost for maintenance and warranties. The primary challenge in maintaining an effective relationship between a donor and a fundraiser is: - answermaintaining 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: - answerlearn about the prospective donor's interests and link to the organization. The most essential factor in sending gift acknowledgement letters is: - answerspeed of delivery. The first prospects to be asked to support any campaign are the: - answerboard members In marketing, what does SWOT analysis stands for? - answerstrength, weakness, opportunities, threats In order to be effective, it is essential that the vision and mission be continually expressed by the organization's: - answerleadership When interviewing prospective fundraising employees, it is most important to avoid: - answerquestions that may be construed as personal. When developing a specific solicitation plan for an individual donor, the most important considerations are: - answerthe connection between a prospective donor's passion and an organization's need. When soliciting leadership gifts for an organization, it is most important to: - answerenlist the prospect's peers to make the visit. A governing board's principal relationship is with the organization's: - answerchief executive officer. Which of the following responses best describes three hidden costs encountered in a capital project? - answerFundraising, attrition, and inflation In the context of rating prospective donors, LAI stands for: - answerlinkage, 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 - answerprevious 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: - answerin 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: - answerrating The single most important element in a direct mail campaign is: - answerthe list of prospective new donors. Which method is most effective in establishing a two-way relationship with a donor? - answerAllowing the donor to select the time, frequency and method. In hiring a firm for contracted services, it is best to start with: - answerreferrals. The most important open line of communication is between the fundraising director and the organization's - answerchief executive officer. Before beginning to write the case for support for an upcoming campaign, it is most important to: - answeracquire an understanding of the various donor target markets. Which of the following is the most critical factor affecting the success of a capital campaign? - answerLeadership by the board. A nonprofit organization considering a new planned giving/legacy program must first: - answerunderstand it may take years for a return on investment.