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New York Professional Fund Raiser Bond

New York Professional Fund Raiser Bond

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Who Requires the Professional Fund Raiser Bond and Why Is It Needed?

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

A Professional Fund Raiser Bond (Form CHAR015) is a type of surety bond required by the New York State Department of Law (Office of the Attorney General) Charities Bureau for those registering as Professional Fund Raisers pursuant to Article 7-A of the Executive Law of the State of New York. 

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your New York Professional Fund Raiser 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 Does the Bond Protect Against?

The professional fundraiser surety bond is for the benefit of anyone who may have a cause of action against the principal or its authorized representatives for any malfeasance or misfeasance in the conduct of a solicitation by the principal as a Professional Fund Raiser.

What is Needed to Obtain My License or Registration?

New York fundraising professionals are required by law to register annually and file fundraising contracts with the state Attorney General's Office. In addition, financial reports and surety bonds may also need to be filed depending on the nature of fundraising activities. Forms, rules and instructions on how to properly register with the Attorney General's Charities Bureau along with descriptions of bonding and filing requirements can be found by contacting the New York Charities Bureau.

Per §§171-a, Executive Law, the New York Charities Bureau defines a Professional Fund Raiser as "any person who directly or indirectly, by contract, including but not limited to sub-contract, letter or other agreement or other engagement on any basis, for compensation or other consideration (a) plans, manages, conducts, carries on or assists in connection with a charitable solicitation or who employs or otherwise engages on any basis another person to solicit from persons in this state for or on behalf of any charitable organization or any other person, or who engages in the business of, or holds himself out to persons in this state as independently engaged in the business of soliciting for such purpose; (b) solicits on behalf of a charitable organization or any other person; or (c) who advertises that the purchase or use of goods, services, entertainment or any other thing of value will benefit a charitable organization but is not a commercial co-venturer. A bona fide director, trustee, officer, volunteer, or employee of a charitable organization or a fund raising counsel shall not be deemed a PFR."

The following items are required for Professional Fund Raiser Registration:

  • Complete Form CHAR013 with appropriate attachments
  • Request Fund Raiser Surety Bond as described on this page
  • Pay annual registration fee to the “New York State Department of Law”
  • Provide copies of all current contracts with charitable organizations required to be registered that were not previously filed
  • Provide copies of all organization documents
  • Submit copies of all delinquent Professional Fund Raiser Interim/Closing Statements (Form CHAR037)

List of New York surety bonds.

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