Illinois Professional Fundraiser Bond Overview
- Purpose: To protect charities and donors from mismanagement of funds or inappropriate solicitations
- Who Needs It: Individuals that manage, solicit or raise funds for charities in Illinois
- Regulating Body: The Illinois Attorney General | Charitable Trust Bureau
- Bond Amount: $10,000
- Premium Price: $150 for one year
What Is an Illinois Professional Fundraiser Bond?
Illinois professional fundraiser bonds ensure that solicitors comply with the Charitable Trust Act. If paid fundraisers act improperly, the bond ensures harmed consumers or organizations can be compensated for financial losses.
How Much Do Professional Fundraiser Bonds Cost in Illinois?
The state-required $10,000 Illinois charitable fundraiser bond costs $150 for one year. However, your exact rate will be prorated based on the June 30 expiration date. You can also choose a multi-year discount to save 25% on renewals.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Fundraiser Bond Work?
As with all surety bonds, a professional fundraiser bond creates a financial contract with three parties.
| Bond Party | Description |
|---|---|
| 1) Principal | The paid fundraiser filing the bond |
| 2) Obligee | The Illinois Attorney General | Charitable Trust Bureau |
| 3) Surety | The issuing surety provider |
If you violate this contract by breaking state solicitation rules, harmed parties can file claims for reimbursement. The surety will validate and pay claims, then you must reimburse the surety provider.
How Do I Get a Professional Fundraiser Bond?
You can get your Illinois paid fundraiser bond in minutes using the form on this page. It only takes three steps:
- Select your term length.
- Enter your personal information.
- Provide payment details.
We offer 1–3 business day shipping options because the obligee requires the original bond form. Select your shipping method then remember to file the bond along with your fundraiser registration application.
Can I Get Bonded With Bad Credit?
Yes, there is no credit requirement or application when you get your professional fundraiser bond through SuretyBonds.com.
Can I Renew My Bond?
Yes, these bonds expire annually on June 30. We’ll send out reminders so you can renew your current bond rather than filing a new one each year.
Can I Make Changes to My Bond?
If there is incorrect or outdated information on your bond form, contact your surety provider for help editing it.
You can reach us at [email protected] with your change request. When possible, we issue free bond riders — amendment documents that alter a current bond.
How to Become a Professional Fundraiser in Illinois
To register as a professional fundraiser in Illinois, you’ll need to include the following forms with your application:
- PFR-01 Professional Fundraiser Registration Statement
- CS-6 Professional Fundraiser Surety Bond Form
- PFR-06 Professional Fundraiser List of Charities and Contacts
- PS-01 Professional Solicitor Registration Statement
All required application fees must be paid in full at the time of application. You can apply using the Charitable Trust online filing system.
There are additional forms you’ll need to file once you begin raising funds, including an annual financial report.
