Professional fundraisers and solicitors in New Jersey are required to first apply, register and pay applicable fees with the Florida Department of Agriculture and Consumer Services before engaging in any fundraising activities.
The surety bond requirement is also required at the time of the submission of the application, or the renewal of an existing fundraiser license.
AmeriPro Surety Bonds provides the New Jersey fundraiser/solicitor bond for first time and renewal applicants.
The New Jersey professional solicitor/fundraiser bond is a $50,000 surety bond.
Once issued, the bond is active for one year from the date of issuance; it must be renewed thereafter. A current and active surety bond must remain on file with the department to remain in active standing for fundraising in New Jersey.
The price of the $50,000 New Jersey professional solicitor/fundraiser bond will be determined by means of a surety bond application and credit check.
As a broad and general rule, applicants may pay as little as 1%, or about $500 annually for this bond; however, the amount you will be required to pay may vary.
The credit check is typically the largest determining factor in the bond’s amount.
Our agency works for you to find you the best surety bond pricing.
This surety bond serves as a financial guarantee that professional fundraisers will be in compliance with all New Jersey state rules and regulations regarding fundraising, including any additions or amendments of the same.
The bond protects others, for example, donors from acts of fraud, embezzlement, theft, or criminal malfeasance and misfeasance committed by a professional fundraiser.
As owner of this surety bond bond --- the principal --- you are responsible for any claims paid against your bond by the surety (if such were ever the case). By law, you would be required to reimburse the surety for all costs and fees in settlement of any sum; however, in no instance would that amount exceed the aggregate sum of $50,000.
AmeriPro Surety Bonds is a surety bonds-only agency. In addition to the New Jersey professional solicitor/fundraiser bond, we also provide other license and permit, contractor, court, and fiduciary surety bonds throughout New Jersey.
Our agency also provides surety bonds of hundreds of different types nationwide.
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