Colorado Charitable Solicitations Registration Bond

A Colorado Charitable Solicitations Registration Bond is a type of surety bond required by the Colorado Secretary of State for paid solicitors who raise money for charities in the state. The bond amount is $15,000 and 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.

How to Get a Colorado Charitable Solicitations Registration Bond

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application. ¹
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the Colorado Charitable Solicitations Registration 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 registration.} 

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.

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Who Needs to Register (and post the bond)?

In Colorado, a paid solicitor who needs to register with the Secretary of State is someone who receives compensation for soliciting charitable contributions. This compensation can come in various forms, not just a direct salary.

Here’s a breakdown of what qualifies as a paid solicitor:

• Receives compensation: This could be a commission, salary, hourly wage, or any other form of payment for their solicitation activities.
• Solicits contributions: Their primary function is to ask for donations on behalf of a charitable organization.
• On behalf of a charity: They are working for a registered charitable organization in Colorado.

Examples of paid solicitors:

• Fundraising consultants hired by a charity
• Telemarketing companies paid to solicit donations
• Individuals who get a commission for donations they raise

Keep in mind:

• The charity itself doesn’t need to register as a paid solicitor, only those who are getting directly compensated for soliciting donations.
• There are exemptions for certain types of solicitations, so it’s always best to check with the Colorado Secretary of State’s office for clarification if you’re unsure about your specific situation.

Here are some helpful resources:

• Colorado Secretary of State’s Charities and Fundraisers FAQs
• Instructions for Registering as a Paid Solicitor: https://www.coloradosos.gov/pubs/charities/instructions/solicitors/registrationLine.html

The information provided above is for general informational purposes only and does not constitute legal advice.  Do not rely solely on the information presented here as a substitute for professional legal counsel.