Mississippi professional fundraisers are licensed and regulated by the Secretary of State. The license and the surety bond alike will both expire on June 30th of each year.
Depending on when your bond is purchased, it may be prorated to premium, reflecting the June 30th expiry date. Meeting the surety bond requirement will be the quickest and easiest part of your licensing process.
What is stated here with respect to your premium assumes a full year term; but again, you may pay less.
You are automatically approved for the $10,000 Mississippi professional fundraiser bond. After completion of a short surety bond application – which we’ll take verbally from you over the phone –- your surety bond is issued to you immediately after payment of the premium.
Note that there is no credit check nor a review by an underwriter for your surety bond.
Assuming a full calendar year term, the premium is just $150. And after payment of the premium, our agency will have the bond issued to you immediately. A copy of the bond can be sent to you by email; however, it is the original bond, which you will sign as Principal and which we’ll sign as Surety, that you’ll want to file with the Secretary.
Again, assuming a full calendar year term beginning on June 30th, at your discretion, your bond may be prepaid for up to 3 years, offering you a savings over annual renewals. The premium prepayment options would look as like the following:
Regardless of the term of your bond, the expiration date will always default to June 30th.
The Mississippi professional fundraiser bond is a financial guarantee of your compliance with the Charities Act Rules and any amendments to this law.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit bonds throughout Mississippi. Our agency also provides surety bonds nationwide.
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