NSF Fundraising & Donor Relations

Question 1

What is the primary purpose of the North South Foundation's fundraising efforts?

Accepted Answer

To provide scholarships and support underprivileged children in India

Answer

To fund academic competitions in the United States

Answer

To build NSF chapter offices across North America

Answer

To purchase competition materials and trophies

Question 2

Under which IRS designation is the North South Foundation classified, making donations tax-deductible?

Accepted Answer

501(c)(3)

Answer

501(c)(4)

Answer

501(c)(6)

Answer

501(c)(7)

Question 3

Which of the following is a key fundraising method used by NSF chapters to raise money at local events?

Accepted Answer

Hosting raffle draws and silent auctions during banquets

Answer

Selling government bonds

Answer

Issuing stock shares to community members

Answer

Charging membership dues as the sole source of revenue

Question 4

What acknowledgment must NSF provide to donors who give $250 or more in a single contribution?

Accepted Answer

A written contemporaneous acknowledgment letter for tax purposes

Answer

A verbal thank-you at the next chapter meeting

Answer

A tax Form W-2 showing the donation amount

Answer

An IRS Form 1099 issued in the following January

Question 5

When soliciting donations from the Indian-American community, which value proposition is most central to NSF's appeal?

Accepted Answer

Connecting donors' success in America to giving back to children in India

Answer

Offering donors a financial return on investment over five years

Answer

Providing donors with free competition registrations for their children

Answer

Promising donors advisory board seats in exchange for contributions

Question 6

Which approach best describes NSF's chapter-based fundraising model?

Accepted Answer

Local volunteer chapters organize independent fundraising events and remit proceeds to the national foundation

Answer

A centralized national telethon managed from NSF headquarters

Answer

NSF relies exclusively on federal government grants

Answer

Corporate sponsors fund all NSF programs directly without chapter involvement

Question 7

What is the recommended practice for NSF volunteers when thanking donors after an event?

Accepted Answer

Send a timely personal thank-you within 48 hours and follow up with a formal receipt

Answer

Wait until the end of the fiscal year to send a single consolidated thank-you

Answer

Only acknowledge donations above $1,000 to preserve volunteer time

Answer

Post generic thank-you messages on social media without personalizing them