Michigan Professional Fund Raiser Bond

A Michigan Professional Fund Raiser Bond is a type of surety bond required by the Attorney General’s Office of Consumer Protection to obtain a license as a professional fundraiser in the state. The bond amount is $10,000 and the cost of the surety bond is usually between 1% and 3% of the bond amount, subject to a minimum premium and fees of $150. Surety1 will shop its many markets to procure the right price at the right terms.

How to Get a Michigan Professional Fund Raiser 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 Michigan Professional Fund Raiser 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.

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Who Needs a Fundraiser’s License?

A Michigan Professional Fund Raiser license and Michigan Professional Fund Raiser Bond is required for any individual or company that solicits charitable donations for a fee in the state of Michigan. Here’s a breakdown ofMichigan fund raiser who typically needs this license:

• Professional Fundraising Firms: Companies that specialize in raising money for charities by planning campaigns, contacting donors, and managing fundraising events.
• Individual Fundraisers: People who are hired directly by charities to solicit donations on their behalf, such as telefundraisers or door-to-door solicitors.
• Fundraising Consultants: Individuals or firms that provide fundraising advice and services to charities, but who don’t directly solicit donations themselves.

Here are some who likely DON’T need a license:

• Charity Volunteers: People who volunteer their time to raise money for a charity without being paid.
• Charity Staff: Employees of a charity who are tasked with fundraising activities as part of their regular job duties.
• Religious Organizations: Religious organizations that solicit donations for their own religious purposes are generally exempt, but there may be limitations depending on their activities.

Uncertain Situations?

If you’re unsure whether you need a license, it’s always best to err on the side of caution and contact the Michigan Attorney General’s Charitable Trust Section at 517-335-7571. They can help you determine if your specific situation requires a professional fundraiser license.

How to Get a Michigan Professional Fund Raiser’s License

To obtain a Michigan Professional Fund Raiser license, you’ll need to complete a few steps:

1. Application and Documents:
   • Fill out the CTS-07 Application for License of Professional Fundraiser form https://www.michigan.gov/consumerprotection/charities/professional-fundraisers.
   • Obtain a $10,000 Michigan Professional Fund Raiser Bond from Surety1.com
   • Provide a copy of your organization’s governing documents, like Articles of Incorporation, with proof of state filing acceptance https://www.michigan.gov/consumerprotection/charities/professional-fundraisers.
   • List the names and addresses of your officers, directors, and anyone with a 5% or more ownership stake in your company on a separate sheet https://www.michigan.gov/consumerprotection/charities/professional-fundraisers.
   • Designate a registered agent in Michigan to receive official mail for your organization (must have a physical address, not a PO Box) https://www.michigan.gov/consumerprotection/charities/professional-fundraisers.

2. Additional Requirements:
   • There may be a background check involved.
   • Some Michigan counties or municipalities might require additional registrations for in-person solicitation https://labyrinthinc.com/.

3. Resources:
   • For more details and downloadable forms, visit the Michigan Attorney General’s Charity Division website on Professional Fundraisers: https://www.michigan.gov/consumerprotection/charities/professional-fundraisers.

Remember, these are the general requirements for obtaining a Michigan Professional Fundraiser license. It’s advisable to consult with the Michigan Attorney General’s Charity Division directly for the latest information and any specific questions you may have.

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.