The Colorado Secretary of State requires paid solicitors to register with them and post the Colorado Charitable Solicitations Registration Bond.
Colorado’s Secretary of State requires that any the following register with their office before engaging in business:
- Charitable organizations that solicit donations or contributions within the State of Colorado, has donations or contributions solicited in the State of Colorado on their behalf, or all the participants of a charitable sales promotion.
- Professionals who are fundraising consultants and who have control of the charitable contributions raised from solicitation on behalf of a charitable organization.
- Paid solicitors
Paid solicitors are the only ones who need to post this bond. Paid solicitors must post the Colorado Charitable Solicitations Registration Bond in the amount of $15,000. This amount is made available in the event the paid solicitor acts fraudulently and causes financial harm to the state or the public.
House Bill 16-1129 made the Colorado Charitable Solicitations Registration Bond necessary because it changed the registration requirements for paid solicitors. This bond is not the only accepted for of security, but if you operate a responsible business, it is the cheapest.
Click here to view a copy of the Colorado Charitable Solicitations Registration Surety Bond form!