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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. …

Bond amount$20,000
State or jurisdictionMinnesota
ObligeeState of Minnesota

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

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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 depending on the specific bond type, state program, or underwriting requirements.

Your quote determines the actual premium.

Typical timeframe

Issuance timeframe varies by bond type and underwriting

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

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Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

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