CFRE questions and answers graded A+ 2023/2024

CFREAbility - correct answer Assessment of donor's financial capacity, life stage, and liquidity Cultivation - correct answer A series of activities to maintain and deepen relationships and engagement with prospects, donors, and volunteers Data mining - correct answer Process of collecting, researching, analyzing and segmenting donors, prospects and volunteers Data privacy - correct answer Responsibility to maintain secure records and disclose any 3-rd party sharing of information Demographics - correct answer Statistical data of a population Donor profile - correct answer Concise record of LIA Donor qualifying - correct answer Ongoing assessment of LIA to match to right program, appeal, and amount Donor rating - correct answer Process by which staff, board and volunteers assess capacity to make a significant gift Engagement - correct answer Ongoing effort to learn about donors, communicate with them, and offer shared experiences Frequency - correct answer How often a donor gives Giving history - correct answer Total of donor's giving records Interest - correct answer A donor's concern, excitement, and motivation Lifetime Donor Value (actual) - correct answer Sum of all gifts Lifetime Donor Value (projected) - correct answer Lifespan x average donation x frequency Linkage - correct answer Connection with nonprofit's organization or mission Market research - correct answer Process of gathering, organizing, and interpreting donor and prospect data Prospect - correct answer Someone with LIA Renewal rates - correct answer % of donors who make a subsequent gift Segmentation - correct answer Process of grouping donors or prospects into like categories Solicitation history - correct answer Record of all donation requests made by nonprofit and success rates Average gift - correct answer Total raised/# gifts given Capital campaign - correct answer Structured fundraising campaign(outside of annual campaign) to secure significant gifts and pledges, during a defined timeframe, for a unique purpose, like buildings or endowments Capital gift - correct answer Designated construction, renovation or improvement of a building or physical space Case for support - correct answer Collection of info to illustrate why a nonprofit is worthy of support