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Questions and Answers
What are the types of moneymaking projects mentioned in the text?
What are the types of moneymaking projects mentioned in the text?
- Donations, grants, and endowments
- Sales, auctions, and sponsorships (correct)
- Advertising, marketing, and promotions
- Research, development, and innovation
What motivates donors to give, according to the text?
What motivates donors to give, according to the text?
- Personal beliefs, gratitude, guilt, recognition, or being asked (correct)
- Fear, coercion, bribery, or manipulation
- Ignorance, indifference, or apathy
- Competition, challenge, or reward
Which fundraising activity involves creating long-term relationships with investors?
Which fundraising activity involves creating long-term relationships with investors?
- Annual fund
- Capital campaign (correct)
- Planned giving
- None of the above
Which moneymaking project has the highest profit potential?
Which moneymaking project has the highest profit potential?
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What is planned giving, according to the text?
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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