CFRE EXAM SCRIPT COMPLETE QUESTIONS
AND CORRECT ANSWERS LEARNING
RESOURCE
●● acknowledgment
Answer: Written expression of gratitude for gift or service.
●● acknowledgment letter
Answer: A letter sent by a donee, or on behalf of a donee, to the donor,
expressing appreciation for a gift and identifying the use that will be
made of the gift.
●● acquisition mailing (or prospect mailing)
Answer: A mailing to prospects to acquire new members or donors.
●● advance gifts
Answer: Gifts given or pledged in advance of a public announcement of
a campaign.
●● advisory board
Answer: A group of influential and prominent individuals whose
association with a development program is calculated to lend luster and
implied endorsement of the program's goals and objectives.
,●● analysis
Answer: That section of a study that deals with the factors essential to
success in a fundraising program; principally the case for support,
leadership potential, and fields of support.
●● annual giving
Answer: Annually repeating gift programs; seeking funds on annual or
recurring basis from the same constituency; income is generally used for
operating budget support.
●● annual report
Answer: A yearly report of financial and organizational conditions
prepared by the management of an organization.
●● anonymous gift
Answer: A gift whose announcement, by specific wish of the donor, can
include only the amount; the name of the donor is withheld.
●● appreciated real property and securities gift
Answer: Gifts of real estate or securities, which when held long term are
deductible for federal income tax purposes at the full fair market value
with no capital gain on the appreciation.
, ●● associates
Answer: A term used variously to describe a group of individuals who
may be supporting an institution through contributions at a prescribed
level, serving in a special advisory capacity, or serving as a sponsoring
body for special institutional events.
●● audit
Answer: An internal evaluation of development procedures as practiced
by a nonprofit institution or agency; normally conducted by professional
fundraising counsel.
●● bargain sale
Answer: The sale of property at less than its fair market value.
●● benefactor
Answer: One who makes a major gift to an institution or agency.
●● benefit event
Answer: A form of fundraising that involves the organization and
staging of a special event for charitable purposes.
●● benevolence
Answer: A disposition to do good; an act of kindness; a generous gift.
AND CORRECT ANSWERS LEARNING
RESOURCE
●● acknowledgment
Answer: Written expression of gratitude for gift or service.
●● acknowledgment letter
Answer: A letter sent by a donee, or on behalf of a donee, to the donor,
expressing appreciation for a gift and identifying the use that will be
made of the gift.
●● acquisition mailing (or prospect mailing)
Answer: A mailing to prospects to acquire new members or donors.
●● advance gifts
Answer: Gifts given or pledged in advance of a public announcement of
a campaign.
●● advisory board
Answer: A group of influential and prominent individuals whose
association with a development program is calculated to lend luster and
implied endorsement of the program's goals and objectives.
,●● analysis
Answer: That section of a study that deals with the factors essential to
success in a fundraising program; principally the case for support,
leadership potential, and fields of support.
●● annual giving
Answer: Annually repeating gift programs; seeking funds on annual or
recurring basis from the same constituency; income is generally used for
operating budget support.
●● annual report
Answer: A yearly report of financial and organizational conditions
prepared by the management of an organization.
●● anonymous gift
Answer: A gift whose announcement, by specific wish of the donor, can
include only the amount; the name of the donor is withheld.
●● appreciated real property and securities gift
Answer: Gifts of real estate or securities, which when held long term are
deductible for federal income tax purposes at the full fair market value
with no capital gain on the appreciation.
, ●● associates
Answer: A term used variously to describe a group of individuals who
may be supporting an institution through contributions at a prescribed
level, serving in a special advisory capacity, or serving as a sponsoring
body for special institutional events.
●● audit
Answer: An internal evaluation of development procedures as practiced
by a nonprofit institution or agency; normally conducted by professional
fundraising counsel.
●● bargain sale
Answer: The sale of property at less than its fair market value.
●● benefactor
Answer: One who makes a major gift to an institution or agency.
●● benefit event
Answer: A form of fundraising that involves the organization and
staging of a special event for charitable purposes.
●● benevolence
Answer: A disposition to do good; an act of kindness; a generous gift.
