California Commercial Fundraiser Bond | AmeriPro Surety Bonds | 844-589-9732
California Commercial Fundraiser:
Licensed California commercial fundraisers are regulated by the California Department of Justice (CA DOJ).
Additionally, to be licensed as a commercial fundraiser, a $25,000 surety bond will need to be filed with the Department’s office.
What is a California Commercial Fundraiser?
California commercial fundraisers are defined as persons who, in the interests of charitable purposes,
- receive monies or properties for that purpose of benefit of a charity;
- solicits monies or properties for the same reason, in addition to the use of and control of the funds acquired for that purpose;
- and who employ others for the same purpose, in addition to handling and control of any funds received.
In addition to the above, California Commercial Fundraisers must file an application with the California Attorney General Office, and they must have $350 in certified funds.
Other Duties of a California Commercial Fundraiser
Each year, California commercial fundraisers must file an accounting of all money and property received with the state Attorney General Office. The report must be filed by January 30th of each year.
California Commercial Fundraiser Bond:
In addition to the above, to be licensed as a California Commercial Fundraiser, a $25,000 surety bond is required to be filed with the Attorney General Office.
The surety bond protects consumers, the public, from illegal, fraudulent, or willfully negligent acts committed by a commercial fundraiser and any employees in the course of their duties.
The surety bond is issued with the California Department of Justice as the obligee and on behalf of the consumer public who may donate monies or properties to the charity.
Price of the California Commercial Fundraiser Bond:
While the surety bond amount for a California Commercial Fundraiser is $25,000, you will only pay a small fraction of that amount.
The premium of this surety bond will be determined by your credit score.
For those with above average credit scores, the premium price of a California Commercial Fundraiser bond can be as low as 1-5% of the $25,000 amount.
Applicants with lower or challenged credit scores should rest assured that AmeriPro Surety Bonds will work to find you the best pricing available.
In either case, please call us and we will work with you to have the application filled out and your surety bond issued to you as quickly and accurately as possible.
AmeriPro Surety Bonds:
AmeriPro Surety Bonds is a surety-bond only agency which offers court, fiduciary, contract, and commercial bonds in all 50 states.