Fundraiser Bonds
What is a Fundraiser Bond?
Government agencies in many states require professional fundraisers to file proof of surety insurance before they can raise funds for commercial or charitable purposes. When it comes to fundraising, surety bond forms have a number of different names, including:
- charitable solicitation bond
- charitable trusts bond
- commercial fundraiser bond
- commercial fundraiser for charitable purposes surety bond
- paid solicitor bond
- professional solicitor bond
No matter the specific name, all fundraising bonds work in the same basic way: by ensuring that the funds you raise will be allocated, forwarded and used appropriately otherwise.
A professional commercial fundraiser surety bond is a type of license and permit surety bond. In most cases, state governments require this type of surety bond before an entity can be licensed as a professional solicitor or fundraiser for a charitable organization. Fundraising consultants, counselors, grant writers and associates all fall within the definition of a professional fundraiser — which means they all need to be bonded.
To comply with the statutes specified in commercial fundraiser bonds, professionals must plan, conduct, manage and carry out drives, campaigns and solicitations according to local, state and federal laws.
To begin the application process, download the form below then send it over to our team once completed: