CFRE Trivia 2

Question 1

Which year was the Association of Fundraising Professionals (AFP) originally founded?

Accepted Answer

1954

Answer

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?

Accepted Answer

Last Year But Unfortunately Not This year

Answer

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?

Accepted Answer

One-third of goal from top 10 donors, one-third from next tier, one-third from everyone else

Answer

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?

Accepted Answer

$250

Answer

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?

Accepted Answer

Stretch ask

Answer

A stretch ask encourages donors to give at a level somewhat beyond their past giving to grow their philanthropic investment.

CFRE - Certified Fund Raising Executive Practice Test

CFRE - Certified Fund Raising Executive Practice Test

CFRE Trivia 2