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Professional Fundraisers Should Be Licensed and Insured:

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Tim Scott
Professional Fundraisers Should Be Licensed and Insured:

Nowadays, more and more people are starting up fundraising campaigns for various reasons. Whether it's for a sports team, a new charity, or your community, it can be very rewarding to meet a fundraising goal and see the positive impact of your efforts in action. One of the biggest challenges with these types of fundraising campaigns is that they can require a lot of time and money. By using a professional fundraiser bond, you can help fundraisers obtain their goal by providing the financial support they need to help push their campaign to the next level!


Professional Fundraiser bond


For example, the bond you are requesting as a Professional Fundraiser is $100,000. This is a good size bond for our company to manage for you and for your clients. Ninety-five percent of our bonds are between $5,000 and $50,000 in amount, but we do have occasional bonds that exceed $1 million in required surety value. We look forward to providing you with the Professional Fundraiser bond and other surety services in the future. Though I hope we won't have an opportunity to provide this bond, if we need to obtain surety bonds on your behalf, I will do my utmost to ensure that all processes go smoothly on your end while focusing on getting the bond approved in a timely manner.


professional fund-raising counsel


A professional solicitor is a person who earns over 50% of their annual income from solicitation. The term "professional fund-raising counsel" is new, but could include such things as magazines, direct mail firms, fundraising agencies, printers and mailing entities that are paid to raise funds on behalf of 501(c)(3) organizations. It could also be individuals or foundations who contract with nonprofits to conduct fundraising campaigns for the organizations they serve. There are requirements relating to registration, filing certified financial reports and various other forms which must be complied with throughout the year. Failure to meet these requirements can result in fines up to $5,000 per violation.


The important factor to keep in mind is that the hiring charity did not violate any state or federal laws. This can be determined by following the minimum state requirements for registration and filing, along with checking to see that filing these forms does not create a substantive non-compliance issue (e.g., requiring disclosure of donor names in return for an exemption from registration).


To put it in different phrases, ought to an occasion of wrongdoing triggered by the fundraiser have occurred, the principal (in this case, your volunteer group) can make a claim on the surety provider to recuperate their losses and pay penalties or fines imposed because of their fund raising efforts. With this information tid-bit in thoughts, let us take a look at our checklist of the best cities for fundraising within the United States.


Finding the correct Professional fundraiser bond is key to your company avoiding unnecessary legal troubles. We understand how important it is for charities to raise as much money as possible for their causes. We are here to help fundraising organizations locate a bond that can safeguard you from any legal or financial problems that may arise.


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Tim Scott
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