State of Alabama - Surety Bond Of Professional Fundraiser Or Commercial Co-Venturer
This bond is required for businesses and individuals who raise money for charities in Alabama, either as professional fundraisers or through commercial partnerships with nonprofits. The state requires this $10,000 bond to protect charities and donors from financial harm if the fundraiser acts dishonestly, mishandles d…
Overview
What it is.
This bond is required for businesses and individuals who raise money for charities in Alabama, either as professional fundraisers or through commercial partnerships with nonprofits. The state requires this $10,000 bond to protect charities and donors from financial harm if the fundraiser acts dishonestly, mishandles d…
Who usually needs it
Professional fundraisers, professional solicitors, and commercial co-venturers in Alabama who solicit contributions on behalf of charitable organizations for compensation or engage in commercial co-venturing (promoting products/services tied to charitable donations) must obtain this $10,000 bond as part of their registration to operate legally in these role…
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.
StateALBond amount$10,000ObligeeAttorney General, State of AlabamaBond classLicense BondCategoryOtherBondState of Alabama - Surety Bond Of Professional Fundraiser Or Commercial Co-VenturerPlain descriptionThis bond is required for businesses and individuals who raise money for charities in Alabama, either as professional fundraisers or through commercial partnerships with nonprofits. The state requires this $10,000 bond …Who needs this bondProfessional fundraisers, professional solicitors, and commercial co-venturers in Alabama who solicit contributions on behalf of charitable organizations for compensation or engage in commercial co-venturing (promoting …
