This bond protects donors and charitable organizations from financial harm caused by professional fundraisers who mishandle charitable funds or violate Illinois solicitation laws. The $10,000 bond must be posted with the Attorney General before fundraising activities can begin and is renewed annually.
Overview
What it is.
This bond protects donors and charitable organizations from financial harm caused by professional fundraisers who mishandle charitable funds or violate Illinois solicitation laws. The $10,000 bond must be posted with the Attorney General before fundraising activities can begin and is renewed annually.
Who usually needs it
Professional fundraisers who control or possess charitable funds while soliciting donations on behalf of charitable organizations in Illinois. This includes individuals or entities compensated to raise funds for charities. Professional solicitors who do not handle funds are exempt from the bond requirement.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateILBond amount$10,000ObligeeIllinois Attorney General, Charitable Trust BureauBond classLicense BondCategoryProfessional ServicesBondIllinois Professional Fundraiser BondPlain descriptionThis bond protects donors and charitable organizations from financial harm caused by professional fundraisers who mishandle charitable funds or violate Illinois solicitation laws. The $10,000 bond must be posted with th…Who needs this bondProfessional fundraisers who control or possess charitable funds while soliciting donations on behalf of charitable organizations in Illinois. This includes individuals or entities compensated to raise funds for chariti…
FAQ
Common questions.
Who needs the Illinois Professional Fundraiser Bond?
Professional fundraisers who control or possess charitable funds while soliciting donations on behalf of charitable organizations in Illinois must obtain this bond. This includes consulting firms, telemarketing companies, and event planners that handle donation funds. Professional solicitors who do not control or possess funds are exempt from the bond requirement.
What is the bond amount and renewal requirement for Illinois professional fundraisers?
The bond amount is fixed at $10,000 payable to the Illinois Attorney General. The bond term runs from July 1 to June 30 each year and must be renewed annually by June 30 to maintain active registration with the Charitable Trust Bureau.
What does the Illinois Professional Fundraiser Bond cover?
The bond protects donors and charitable organizations from financial losses caused by violations of the Solicitation for Charity Act, including fraud, misrepresentation, mishandling of funds, unauthorized use of charity names, or failure to provide required records. Valid claims can be filed for up to the $10,000 bond amount.
