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Michigan Professional Fundraiser Bond

Michigan Professional Fundraiser Bond

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Who Requires the Professional Fundraiser Bond and Why Is It Needed?

Phone Call. Professional Fundraiser Bond for those authorized to legally raise money or solcit business for various organizations.

The State of Michigan Department of Attorney General requires professional fund raisers in the state to post a Uniform Professional Fund Raiser Surety Bond in the amount of $10,000. The bond protects those harmed financially in the event that the principal engages in or is found guilty of any malfeasance or misfeasance in the conduct of a solicitation. All professional fund raiser licenses and surety bonds expire on June 30 of each year.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Michigan Professional Fundraiser Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.

What is Needed to Obtain My License or Registration?

Professional fundraisers for charitable organizations are obligated to be licensed under the Solicitations Act prior to soliciting in Michigan. Following are the key steps required by the state for licensure.

  1. Complete the CTS - 07 Application for License of Professional Fundraiser
  2. Furnish a $10,000 surety bond (Uniform Professional Fundraiser Surety Bond)
  3. Submit the CTS - 11 Professional Fundraiser Contract Summary Sheet for every contract with a charitable or religious organization
  4. Note: The Michigan professional fundraiser license expires on June 30 of each year. Professional fundraisers must submit an application before the expiration date, along with a surety bond continuation certificate in order to effect license renewal.

List of Michigan surety bonds.

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