CFRE EXAM QUESTIONS AND ANSWERS
An annuity buyer can purchase a single-life annuity for themselves. They will be paid in
installments, and when they die, the charity keeps/does not keep the principal. -
Answers -keeps
A buyer can purchase an annuity for themselves and their spouse, and this is called a
_______________________ - Answers -two-life annuity
A donor receives credit for their gift when they send a check in an envelope on what
date? - Answers -date of postmark on envelope
Is placing a check in an envelope and mailing it considered relinquishing control?
Yes/No - Answers -yes
The general principle is the date that the donor ______________________________ of
the charitable donations is the date of the gift - Answers -relinquishes control
What should the donor recognition page of a nonprofit's website always include? -
Answers -All donors' names and the giving categories they fall into
Most nonprofits print an annual ______________________ to recognize generous
people that support them - Answers -donor list
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. -
Answers -should never
A _____________ reveals a nonprofit's financial stability and its expenses. Donors can
make decisions about donations by evaluating a nonprofit's salaries and expenditures. -
Answers -form 990
What reveals a nonprofit's income, expenses, and the highest salaries of their
administrators, their board members' names, and total revenues for the last five years? -
Answers -form 990
form 990 - Answers -reveals a nonprofit's financial stability and its expenses. Donors
can make decisions about donations by evaluating a nonprofit's salaries and
expenditures.
Should all nonprofits use the same rates when they run calculations for donors who may
be interested in a charitable gift annuity? - Answers -Yes
Using a national organization to set _____________ helps nonprofits compete for
annuity customers - Answers -rates
An annuity buyer can purchase a single-life annuity for themselves. They will be paid in
installments, and when they die, the charity keeps/does not keep the principal. -
Answers -keeps
A buyer can purchase an annuity for themselves and their spouse, and this is called a
_______________________ - Answers -two-life annuity
A donor receives credit for their gift when they send a check in an envelope on what
date? - Answers -date of postmark on envelope
Is placing a check in an envelope and mailing it considered relinquishing control?
Yes/No - Answers -yes
The general principle is the date that the donor ______________________________ of
the charitable donations is the date of the gift - Answers -relinquishes control
What should the donor recognition page of a nonprofit's website always include? -
Answers -All donors' names and the giving categories they fall into
Most nonprofits print an annual ______________________ to recognize generous
people that support them - Answers -donor list
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. -
Answers -should never
A _____________ reveals a nonprofit's financial stability and its expenses. Donors can
make decisions about donations by evaluating a nonprofit's salaries and expenditures. -
Answers -form 990
What reveals a nonprofit's income, expenses, and the highest salaries of their
administrators, their board members' names, and total revenues for the last five years? -
Answers -form 990
form 990 - Answers -reveals a nonprofit's financial stability and its expenses. Donors
can make decisions about donations by evaluating a nonprofit's salaries and
expenditures.
Should all nonprofits use the same rates when they run calculations for donors who may
be interested in a charitable gift annuity? - Answers -Yes
Using a national organization to set _____________ helps nonprofits compete for
annuity customers - Answers -rates
