An Arizona Fundraiser Surety Bond is a type of surety bond that is required by the state of Arizona for any individual or organization that solicits charitable contributions. The bond amount is $25,000 and is intended to protect the state and charitable organizations from financial losses if the fundraiser engages in any illegal or fraudulent activities. The cost of the surety bond is usually between 1% and 3% of the bond amount. Surety1 will shop its many markets to procure the right price at the right terms.
The bond process begins when a fundraiser applies for a license with the Arizona Department of Business Services. As part of the application, the fundraiser must submit a surety bond. The Arizona Fundraiser Surety Bond is then reviewed and approved by the department.
How to Get an Arizona Fundraiser Surety Bond
At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:
- Complete the easy to navigate and secure online application. 1
- Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
- Sign some paperwork and pay the bond premium
Once these steps have been completed, the Arizona Fundraiser Surety Bond will be shipped to the bond applicant.
1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.
Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.
Who Needs an Arizona Fundraiser License
In Arizona, any individual or organization that solicits charitable contributions for a charitable organization must obtain an Arizona Fundraiser Surety Bond. This includes professional fundraisers, charitable organizations that conduct their own fundraising activities, and individuals who solicit contributions on behalf of a charitable organization.
Here are some specific examples of individuals and organizations who need an Arizona Fundraiser Surety Bond:
- Professional fundraisers: Professional fundraisers are individuals or organizations that are paid to solicit charitable contributions for charitable organizations. This includes telemarketers, direct mail marketers, and fundraising consultants.
- Charitable organizations that conduct their own fundraising activities: Charitable organizations that conduct their own fundraising activities, such as through events, raffles, or online campaigns, must also obtain an the Surety Bond.
- Individuals who solicit contributions on behalf of a charitable organization: Individuals who solicit contributions on behalf of a charitable organization, such as volunteers or employees of the organization, must also obtain the Surety Bond.
How to Get a Fundraiser License
- Check if you need a license. You do not need a license if you are:
- A bona fide religious organization that is exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code and that does not solicit contributions from the general public.
- A fraternal benefit society that is exempt from federal income tax under section 501(c)(8) of the Internal Revenue Code and that does not solicit contributions from the general public.
- A political organization that is exempt from federal income tax under section 527 of the Internal Revenue Code.
- A government agency or a subdivision of a government agency.
- Complete the application form. You can download the application form from the Arizona Department of Business Services website. The application form requires you to provide information about your organization, your fundraising activities, and your financial management practices.
- Submit the application form and required documents. The required documents include:
- A copy of your organization’s IRS Form 990 or 990-EZ.
- A copy of your organization’s financial statements.
- A list of your organization’s officers and directors.
- A copy of your organization’s fundraising contract, if applicable.
- Pay the application fee. The application fee is $50.
- Obtain an Arizona Fundraiser Surety Bond. The required bond amount is $25,000.
- Submit your application to the Arizona Department of Business Services. You can submit your application by mail, fax, or in person.
Receive your license. Once your application has been approved, you will be issued a fundraising license. Your license will be valid for one year.
Here are some additional tips for getting a fundraiser license in Arizona:
- Start the application process early. The application process can take several weeks, so it is important to start early to ensure that you have enough time to complete all of the requirements.
- Be prepared to provide documentation. You will need to provide a number of documents with your application, so be sure to gather all of the required documentation in advance.
- Get help from a professional. If you have any questions about the application process, you can contact a professional fundraiser or an attorney.