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| Qualified
Appraisal |
An appraisal prepared by a qualified
appraiser and as required in I.R.S. Form 8283.
|
| Qualified
Appraiser |
An appraiser as described in I.R.S.
|
| Qualified
Conservation Contribution |
Also Conservation. There are some
special types of split-interest gifts of real estate for which donors can
claim tax deductions if the gifts are for conservation purposes. |
| Qualified
Individual with a Disability |
An individual with a disability
who satisfies the requisite skill, experience, education and other job-related
requirements of the employment position such individual holds or desires,
and who, with or without reasonable accommodation, can perform the essential
functions of such position. |
| Qualified
Report |
The auditors’ report, qualified
or unqualified, is based on reporting standards established by the American
Institute of Certified Public Accountants (AICPA). It should state whether,
in the auditors’ opinion, the financial statements and notes fairly represent
the financial position of the organization in accordance with GAAP. In certain
circumstances, the auditor may be unable to render an unqualified opinion
on the financial statements, in which case either a qualified or adverse
opinion would be issued or the auditor may disclaim an opinion. In a qualified
report, a separate explanatory paragraph should be included as to the reasons
for the qualification. The SEC will generally not accept an auditors’ report,
which is qualified as to either audit scope or the accounting principles
used. An audit opinion may also be modified due to going concern uncertainties. |
| Qualified
Terminable Interest Property Trust |
A type of marital deduction trust
in which the trustor spouse can absolutely determine who the remainder beneficiaries
will be. In ordinary marital deduction trusts, the beneficiary spouse has
the capacity to name or change the remainder beneficiaries. The estate tax
or gift tax marital deduction for such a trust is not automatic but must
be elected. Also termed as a QTIP Trust.
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| Qualify |
To determine what lists will be
the most effective for the direct mailing or telemarketing campaign. |
| Qualifying
Distributions |
Expenditures of a private foundation
made to satisfy its annual payout requirement. These can include grants,
reasonable administrative expenses, set-asides, loans and program-related
investments, and amounts paid to acquire assets used directly in carrying
out tax-exempt purposes. |
| Qualitative
Evaluation |
mainly concerned with the properties,
the state, and the character (i.e., the nature) of phenomena. It implies
an emphasis on processes and meanings that are rigorously examined, but
not measured in terms of quantity, amount, or frequency. Qualitative evaluation
is an assessment process that answers the question, “How well did we do?” |
| Qualitative
Research |
The method of market research
that is useful when you need an explanation of why or how consumers behave.
This type of research produces insightful stories. To put it in marketing
research terms, however, qualitative research results in “directional” data.
The opposite of “projectable”, directional data can give you a pretty good
guess about your market, but you cannot project them onto the larger population.
Examples of qualitative research include focus groups and customer interviews.
|
| Quality
Control |
Steps taken to make sure that
a company's products or services are of sufficiently high quality.
|
| Quantitative
Evaluation |
Involves the use of numerical
measurement and data analysis based on statistical methods. It is an assessment
process that answers the question, “How much did we do?” |
| Quantitative
Research |
The method of market research
that is useful when you need to rank or predict something. It answers questions
such as: what do consumers buy? When? How much? How many? This type of research
results in numbers and percentages that make it “projectable”—the opposite
of directional. Projectable research relates information with almost absolute
accuracy about the larger population. An example of quantitative research:
closed ended survey questions such as the Census.
|
| Quarterly
Report |
A report filed quarterly in accordance
with SEC regulations containing unaudited financial statements. |
| Quasi
Endowment |
Assets of a nonprofit which the
board or administration has decided to hold as an endowment; subsequent
action of another board or administration could change or end a quasi endowment. |
| Query |
A question or request to find
a particular file, Web site, record, or set of records in a search engine
or database.
|
| Query
Letter |
A brief letter outlining an organization's
activities and its request for funding. Such letters are sent to a potential
funding agency to determine if it would be appropriate to submit a full
grant proposal or application. Many funding agencies prefer to be contacted
initially in this way prior to receiving a complete proposal. |
| Question |
Any matter on which the Senate
is to vote, such as passage of a bill, adoption of an amendment, agreement
to a motion, or an appeal.
|
| Questionnaire |
A set of written questions, requiring
written answers, which ask for information about an organization or its
constituents. A questionnaire might ask for information that may be statistically
useful, or it may be personal. |
| Queue |
A waiting area for e-mail messages,
files, print jobs, or anything else that is being sent from one device to
another.
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| Quid
Pro Quo |
Something in exchange for something;
in fundraising, the process where a donor makes a gift in exchange for specified
privileges or services, in possible jeopardy of tax deduction.
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| Quid
Pro Quo Sexual Harassment |
The situation in which a victim
is confronted with sexual demands as a condition of retaining his or her
job or obtaining a promotion.
|
| Quorum |
The minimum number of members
whose presence is necessary for the transaction of business. In the Senate
and House, it is a majority of the membership. |
| Quorum
Call |
A call of the roll to establish
whether a quorum is present.
|
| Quota |
Percentage of total fundraising
goal assigned to a division or other unit of the campaign organization.
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Glossary information provided by the Nonprofit Good Practice Guide, a project of the Philanthropic and Nonprofit Knowledge Management Initiative (PNKM) at the Dorothy A. Johnson Center for Philanthropy & Nonprofit Leadership.
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