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Checkpoint quiz · Nonprofit Finance & Philanthropy

Nonprofit Finance & Philanthropy: Checkpoint 3

Covers board governance, 501(c)(3) status, donor-advised funds, matching gifts, and capital campaigns.

Five questions on board oversight, tax-exempt status, donor-advised funds, matching gifts, and capital campaigns.

Question 1 of 5 A nonprofit board's 'duty of loyalty' specifically requires members to:

Attend every meeting in person Put the organization's interests ahead of any personal or business interest Donate a minimum amount each year Have professional accounting experience

Question 2 of 5 501(c)(3) tax-exempt status is best described as:

A guarantee that an organization is well-run and effective A baseline eligibility marker confirming certain structural and purpose requirements are met Automatically granted to any charitable-sounding organization The same thing as being registered as a business

Question 3 of 5 In a donor-advised fund, who technically owns the assets after a donor contributes?

The donor, until they request a grant The sponsoring organization holding the fund The eventual receiving charity No one - the funds are held in trust with no owner

Question 4 of 5 An employer matching gift program typically:

Replaces the need for an employee to donate at all Adds company money on top of an employee's personal donation Only applies to donations over $10,000 Reduces the employee's original donation

Question 5 of 5 The 'quiet phase' of a capital campaign refers to:

A period with no fundraising activity at all Privately securing major gifts before any public fundraising announcement The final week before the campaign deadline A phase reserved only for online donations

← Back to Capital Campaigns: Raising Money for Big Projects Next lesson → Nonprofit Mergers and Why They're So Rare

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