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Questions and Answers
What are the types of moneymaking projects mentioned in the text?
What motivates donors to give, according to the text?
Which fundraising activity involves creating long-term relationships with investors?
Which moneymaking project has the highest profit potential?
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What is planned giving, according to the text?
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Study Notes
- Moneymaking involves activities to create profit for the organization.
- Fundraising involves creating long-term relationships with investors.
- Types of moneymaking projects include sales, raffles, and events.
- Sales have low pressure and easy to do but have low profit potential.
- Raffles have low cost and varying profit potential.
- Events can be fun but require a lot of work and have small to moderate profit potential.
- Donors give due to personal beliefs, gratitude, guilt, recognition, or being asked.
- Types of fundraising activities include annual fund, capital campaign, and planned giving.
- Planned giving is the largest gift an organization can receive and takes time to ripen.
- Acknowledging and recognizing gifts well leads to more gifts.
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Description
Are you looking to raise funds for your organization but not sure where to start? Test your knowledge with our quiz on moneymaking and fundraising strategies! Learn about different types of moneymaking projects, the motivations behind donor giving, and various fundraising activities. Discover the benefits and drawbacks of sales, raffles, and events, as well as the importance of acknowledging and recognizing gifts. Sharpen your fundraising skills and take your organization's financial success to the next level!
