CFRE Exam sample guide questions and answers GRADED A+

CFRE EXAM SAMPLE
GUIDE QUESTIONS AND
ANSWERS GRADED A+
2025-2026
___________________________ can be many times larger than their annual or capital gifts
- ANS-bequest gifts


A ___________ governs a nonprofit, and the ____________ manages a nonprofit's
operations - ANS-board

staff


A _____________ reveals a nonprofit's financial stability and its expenses. Donors can
make decisions about donations by evaluating a nonprofit's salaries and expenditures.
- ANS-form 990


A board ________ a nonprofit, and the staff ____________ a nonprofit's operations - ANS-
governs
manages


A buyer can purchase an annuity for themselves and their spouse, and this is called a
_______________________ - ANS-two-life annuity


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. - ANS-should never