NSF Fundraising & Donor Relations 1

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

NSF raises funds to provide scholarships and educational support for underprivileged children in India, which is the core charitable mission of the organization.

Question 2

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

Accepted Answer

501(c)(3)

Answer

NSF is a 501(c)(3) nonprofit organization, which means donations made to it are tax-deductible for U.S. donors under federal law.

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

NSF chapters commonly organize banquets and local events that include raffles, silent auctions, and direct appeals to raise funds for the foundation's mission.

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

IRS rules require nonprofits to provide a written contemporaneous acknowledgment to donors for single contributions of $250 or more so donors can claim the deduction.

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

NSF's core donor appeal is rooted in the idea that successful Indian-Americans can give back to underprivileged children in their homeland, creating a powerful emotional and cultural connection.

NSF - North South Foundation Practice Test

NSF - North South Foundation Practice Test

NSF Fundraising & Donor Relations 1