State of Minnesota - Bond For Professional Fund-Raiser
This bond is required for professional fundraisers who solicit charitable donations on behalf of nonprofit organizations in Minnesota. The state requires this $20,000 bond to protect charities and donors from dishonest practices, such as fundraisers keeping donated money instead of passing it to the intended charity. …
Overview
What it is.
This bond is required for professional fundraisers who solicit charitable donations on behalf of nonprofit organizations in Minnesota. The state requires this $20,000 bond to protect charities and donors from dishonest practices, such as fundraisers keeping donated money instead of passing it to the intended charity. …
Who usually needs it
Professional fundraisers—individuals or entities who, for financial compensation, perform services for charitable organizations involving the solicitation of contributions in Minnesota and have custody of or access to contributions from solicitations. This bond is required as a mandatory part of annual registration with the Minnesota Attorney General's Offi…
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.
StateMNBond amount$20,000ObligeeState of MinnesotaBond classLicense BondCategoryOtherBondState of Minnesota - Bond For Professional Fund-RaiserPlain descriptionThis bond is required for professional fundraisers who solicit charitable donations on behalf of nonprofit organizations in Minnesota. The state requires this $20,000 bond to protect charities and donors from dishonest …Who needs this bondProfessional fundraisers—individuals or entities who, for financial compensation, perform services for charitable organizations involving the solicitation of contributions in Minnesota and have custody of or access to c…
