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Massachusetts Professional Fundraiser Bond

As required by the state Attorney General, the Massachusetts professional fundraiser bond is a $25,000 surety bond. By statute, the bond always has an expiration date of December 31st. Please call AmeriPro Surety Bonds today at:                    844-589-9732.

Massachusetts Professional Fundraiser Bond |

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Professional Fundraisers – Massachusetts

 

 

 

Fundraisers operating in the Commonwealth of Massachusetts are required to provide the Attorney General Office evidence of filing the appropriate surety bond.

AmeriPro Surety Bonds offers you this professional fundraising surety bond as both a new and renewal surety bond.

Massachusetts Professional Fundraiser Bond: Amount Required, and the Premium

 

 

 

The Massachusetts professional fundraiser bond is also known as a Massachusetts professional solicitor or commercial co-venturer surety bond since both categories are related.

Both the Massachusetts fundraiser and commercial co-venturer surety bonds are for $25,000.

The premium for this surety bond may be offered to you without a credit check as an “instant issue” surety bond; or, if you want to see if you qualify for lower premium pricing, with a credit check.  Applicants can expect to pay several hundred dollars.  The amount will be determined by information supplied on a surety bond expiration and the year in which you select the expiration date.

 

 

Massachusetts Professional Fundraiser Bond: The Surety Bond’s Duration

 

 

 

Regardless of when your professional fundraiser surety bond is purchased, the expiration date of the bond will be on 12/31. The expiration date can be on December 31st of the same year or up to two years after the bond’s purchase, however you prefer.

Selecting an expiration date of in a year which is further out will increase the premium to be paid; however, there is a slight savings over a year to year annual renewal.

 

 

 

The Purpose of this Surety Bond

 

 

 

The purpose of this surety bond is a financial guarantee which will ensure your compliance with all laws relating to fundraising within the Commonwealth.

While the surety bond is required of your charitable organization, its benefit are for any donors who are financially harmed or mislead by a licensed charity which acts unlawfully.

Such protections afforded others by the surety bond include the following:

  • Misrepresenting the nature of your charity;
  • Giving the impression that the funds used for the charity will be used locally, when in fact they will not;
  • Other reasons as given by the state Attorney General.

In short, the surety bond is designed to protect donors from acts of fraud, theft, criminal malfeasance or misfeasance in the operations of a charitable entity, which can be demonstrated to have caused harm.

Therefore, while the bond is a prerequisite for licensing in the Commonwealth, its protections are for any potential donors.

As principal for the fundraiser bond, you guarantee that you will repay the surety for any claims paid against your surety bond, if such were ever to occur.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only entity. We provide license and permit, contractor, court, and fiduciary surety bonds throughout Massachusetts, the rest of New England, and natiowide.

Please call our agency today at:

 

 

 

844-589-9732

 

 

 

Or, you may fill out the form below and an agent will contact you.

 

 

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AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

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