The Rhode Island Professional Fundraiser Bond is required by the Department of Business Regulation, Securities Division. The bond amount is set at $10,000. It states that the bondholder shall be responsible, up to the total aggregate liability under the bond, for any loss. The losses resulting from the wrongdoing, failure to perform or a transgression in the conduct of solicitation activities.
Who needs the Professional Fundraiser bond?
Professional fund raiser means any person who for compensation, plans, manages, conducts, carries on, or assists in connection with a solicitation for charitable purposes. Those that wish to do this work must be licensed with the state. The Professional Fundraiser bond is one of the requirements.
What are other licensing requirements?
- Apply online through the elicensing website.
- Complete the Professional Fundraiser application.
- Submit payment of $240 for the filing fee.
- Include copies of all contracts with charitable organizations.
- Attach a Taxpayer status affidavit.
Where can I get a Rhode Island Professional Fundraiser Bond?
Surety1 can easily get you the bond that you need. You can be assured of the lowest rates as we have partnered with over a dozen A-rated surety markets. We have friendly agents who are willing to answer all your queries and give you only the best service.
Start the process by completing our free, online application form. After that, one of our licensed surety agents will contact you with a no-obligation quote for the bond premium. Next, we’ll collect the premium payment and have you sign any necessary paperwork. Lastly, your Rhode Island Professional Fundraiser bond will be shipped to you via USPS Priority Mail. Overnight delivery is available for an additional fee.
Surety1 has been in the business since 2003. We are licensed in all 50 states and our services have earned an A+ rating from the Better Business Bureau.