The Minnesota Professional Fund-Raiser Bond is required by the Attorney General of the State of Minnesota in the amount of $20,000 for all who wish to act as a professional fundraiser in the state.
A professional fundraiser, as defined by the 2018 Minnesota Institutes 309.50, is any person who for financial compensation or profit performs for a charitable organization any service in connection with which contributions are, or will be, solicited in this state the compensated person. Anyone who would like to be in this profession must be registered with the attorney general, and a surety bond may be one of the requirements that must be met.
The Minnesota Professional Fund-Raiser Bond states that the bondholder, their agents, and their employees shall strictly, honestly, and faithfully comply with the provisions of the Minnesota Charitable Solicitation Act.
Why should I get my Minnesota Professional Fund-Raiser Bond from Surety1?
Surety1 can write this bond for a low price with our easy to navigate, online application form. Here at Surety1, we have partnered with over a dozen A-rated surety markets to ensure that we will only offer the best rates for your needed surety bond. After you submit the completed online application form, one of our agents will call you within one business day to give a no-obligation quote. Should you wish to move forward with us, all you need to do is pay the bond premium and then sign the necessary agreement. You then have the option of receiving your surety bond through USPS Priority Mail or overnight delivery.
Surety1 has been issuing surety bonds since 2003. The company is licensed in all 50 states and maintains an A+ rating from the Better Business Bureau.
Are there other requirements that must be submitted to obtain a license?
- Registration Statement
- Contract with a charitable organization that meets the requirements of Minnesota Statutes 309
- Solicitation notice
- Solicitation campaign financial report