The Alabama Professional Fundraiser bond is a type of surety bond required by State of Alabama Office of Attorney General. Professional fundraisers are businesses that solicit contributions on behalf of charitable organizations for compensation or other consideration. The bond is required to help ensure that those contributions are spent in the appropriate manner.
How Can One be a Professional Fundraiser in Alabama?
The Office of the Attorney General of Alabama requires that all commercial co-venturers, professional solicitors, and professional fundraisers. What are the differences between the three? The Code of Alabama Section 13A-9-70 defines professional fundraisers as businesses that solicit contributions on behalf of charitable organizations for compensation while professional solicitors are employed by said professional fundraisers. Meanwhile, commercial co-venturers are businesses that conduct a sale, performance or event for profit, which is for the benefit of a religious or charitable organization. You can register as a professional fundraiser or commercial co-venturer for $100, while you only need to pay $25 to register as a professional solicitor.
What is the Purpose of the Alabama Professional Fundraiser Surety Bond?
The professional fundraiser must also present a surety bond upon registering, with the bond amount set at $10,000. This bond is needed in order to assure the Attorney General there will be no transgression or wrongdoing that will be done while they are soliciting for charity.
How can I get an Alabama Professional Fundraiser Surety Bond?
The process of getting the surety bond is easy. We offer an easy to use online application that can be completed in a matter of minutes. Soon after applying you will be contacted by one of our licensed agents with a firm quote. Then you make payment, sign some paper work and get your bond in the mail. Overnight delivery is available for an additional fee.
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