CFRE Trivia 2 — Questions and Answers
Question 1: Which year was the Association of Fundraising Professionals (AFP) originally founded?
- 1954 (Correct answer)
- 1960
- 1963
- 1971
Correct answer: 1954
AFP was founded in 1954 as the National Society of Fund Raisers, later rebranded to its current name.
Question 2: What does the acronym 'LYBUNT' stand for in fundraising?
- Last Year But Unfortunately Not This year (Correct answer)
- Long Year Before Usual Nonprofit Timing
- Last Year But United Now Today
- Loyal Yearly Benefactor Under New Terms
Correct answer: Last Year But Unfortunately Not This year
LYBUNT identifies donors who gave last year but unfortunately not this year, helping prioritize lapsed donor outreach.
Question 3: The 'Rule of Thirds' in capital campaign planning refers to what concept?
- One-third of goal from top 10 donors, one-third from next tier, one-third from everyone else (Correct answer)
- Dividing the campaign into three equal phases
- Spending one-third of the budget on major gifts, one-third on events, one-third on direct mail
- Allocating one-third of pledges to each of three fiscal years
Correct answer: One-third of goal from top 10 donors, one-third from next tier, one-third from everyone else
The Rule of Thirds suggests the top 10 donors give one-third, the next 100 donors give one-third, and all remaining donors give one-third of the campaign goal.
Question 4: Under IRS rules, what is the maximum gift amount a donor can give to a public charity before needing a written acknowledgment to claim a deduction?
- $250 (Correct answer)
- $500
- $100
- $1,000
Correct answer: $250
Donors need a written acknowledgment from the charity for any single contribution of $250 or more to substantiate their deduction.
Question 5: Which fundraising strategy involves asking a donor for a gift that is significantly larger than their previous contribution?
- Stretch ask (Correct answer)
- Blended gift ask
- Transformational ask
- Capacity ask
Correct answer: Stretch ask
A stretch ask encourages donors to give at a level somewhat beyond their past giving to grow their philanthropic investment.
Question 6: What is 'phonathon' fundraising most commonly associated with?
- Higher education alumni giving programs (Correct answer)
- Hospital capital campaigns
- Community foundation grant cycles
- Religious institution tithing drives
Correct answer: Higher education alumni giving programs
Phonathons originated in higher education and remain most associated with university alumni annual fund campaigns using student callers.
Question 7: In planned giving, what is a 'bequest intention' document?
- A non-binding letter stating a donor plans to leave a gift to a nonprofit in their will (Correct answer)
- A legally binding contract guaranteeing a future estate gift
- A codicil added to a donor's existing will
- An irrevocable trust document naming a charity as beneficiary
Correct answer: A non-binding letter stating a donor plans to leave a gift to a nonprofit in their will
A bequest intention is a non-binding statement of intent—valuable for counting in gift tables but not legally enforceable by the charity.
CFRE Trivia 2
Which year was the Association of Fundraising Professionals (AFP) originally founded?