Free CFRE MCQ Questions and Answers — Questions and Answers
Question 1: The straightforward transfer of property to the donee as a gift without any restrictions or stipulations.
- Planned gift
- Cash gift
- Outright gift (Correct answer)
- Bargain sale
Correct answer: Outright gift
An "outright gift" perfectly matches this description. It refers to a donation made directly and immediately to a charity, with no conditions, restrictions, or future obligations attached. The donor relinquishes full control of the asset at the time of the gift, making it a simple and direct transfer.
Question 2: Delivery of informational materials via mass mailing and requests for donations or volunteer work.
- both unrestricted gift and direct mail (Correct answer)
- unrestricted gift
- direct mail (Correct answer)
- renewal mailing
Correct answer: both unrestricted gift and direct mail
The definition clearly describes "direct mail" as a method of communication involving mass mailing for soliciting donations or volunteers. While the question asks for the delivery method, the context of fundraising often implies the type of gift sought. An "unrestricted gift" is a common goal of such broad solicitations, as it allows the organization maximum flexibility in using the funds. Therefore, both terms are relevant to the described activity.
Question 3: A volunteer who raises money for a cause is also known as a fundraiser, and a fundraising event has come to be known as a fundraiser. A fundraiser is someone who makes a living working as a member of an organization's or institution's development department, an independent fundraising consultant, or a fundraising counseling firm member.
- fundraiser (Correct answer)
- volunteer
- fundraising activities
- bequest
Correct answer: fundraiser
The definition explicitly states that "A volunteer who raises money for a cause is also known as a fundraiser," and further elaborates that "A fundraiser is someone who makes a living working as a member of an organization's... development department." It also mentions that a fundraising event can be called a fundraiser. This comprehensive description directly defines the term "fundraiser" in its various applications.
Question 4: A broad word for higher-range gifts, with each institution having their own specific guidelines. In every drive to raise money, their significance is highlighted.
- fundraising program
- life income gift
- big gifts (Correct answer)
- gift receipt
Correct answer: big gifts
The phrase "higher-range gifts" directly corresponds to "big gifts," which are substantial donations crucial for fundraising campaigns. These gifts, often from major donors, are vital for reaching campaign goals and are typically cultivated through personalized stewardship. While specific thresholds vary by institution, their impact is universally recognized in fundraising drives.
Question 5: A specific goal that an organization decides to pursue that is supported by a coordinated effort; the sum of money that will be raised during a fundraising campaign, or the dollar aim.
- Impact
- Leadership
- Goal (Correct answer)
- Domain
Correct answer: Goal
The definition precisely describes a "goal" in the context of fundraising. It refers to the specific objective an organization aims to achieve, whether it's a particular sum of money to be raised or a broader programmatic target. This goal guides the coordinated efforts of a fundraising campaign and serves as the ultimate dollar aim.
Question 6: A method of raising money that entails planning and producing a special event for philanthropic objectives; any surplus funds are assigned as donations to the relevant charitable organization.
- Benefit event (Correct answer)
- Cause-related marketing
- Public charity
- Timing
Correct answer: Benefit event
This definition perfectly describes a "benefit event." These are special events, such as galas, concerts, or runs, specifically planned and executed to raise money for a charitable cause. The primary purpose is philanthropic, with any net proceeds from ticket sales, sponsorships, or other activities directly benefiting the designated organization.
Question 7: A donation made to a company or organization for whatever reasons the trustees or officers decide.
- associates
- unrestricted gift (Correct answer)
- designated gift
- life interest
Correct answer: unrestricted gift
An "unrestricted gift" is precisely a donation given to an organization without any specific conditions or limitations on its use. This allows the organization's leadership (trustees or officers) the flexibility to allocate the funds where they are most needed, supporting general operations or emerging priorities. It contrasts with a designated or restricted gift, which has specific donor-imposed conditions.
Free CFRE MCQ Questions and Answers
The straightforward transfer of property to the donee as a gift without any restrictions or stipulations.