Massachusetts Professional Solicitor Bond Overview
- Purpose: To hold professional solicitors and commercial co-venturers financially liable for following state laws.
- Who Needs It: Professional solicitors and commercial co-venturers in Massachusetts
- Regulating Body: The Attorney General’s Non-Profit Organizations/Public Charities Division
- Bond Amount: $25,000
- Premium Price: $375 for a one-year term; prorated based on purchase date
What Is a Massachusetts Professional Solicitor Bond?
Massachusetts professional solicitor bonds ensure that anyone who solicits donations or assists with charitable events follows state law. It acts a financial guarantee anyone harmed by improper solicitations or dishonest fundraising can recover damages.
Who Needs a Professional Solicitor Bond?
The Massachusetts Attorney General Office’s (AGO) Nonprofit Organizations/Public Charities Division requires all registered professional solicitors and commercial co-venturers to have a $25,000 surety bond.
These fundraising positions have the same bonding requirements, but provide different services for charitable organizations:
- Professional Solicitors: Hired by a charitable organization to solicit contributions
- Commercial Co-venturers: Hired to conduct, promote or sponsor events for charitable organizations
How Much Do Professional Solicitor Bonds Cost in Massachusetts?
A $25,000 professional solicitor bond is just $375 for a one-year term. Unless you purchase on January 1, your exact cost will be prorated based on the purchase date (with a $100 minimum).
Massachusetts professional solicitor bonds expire on December 31 each year. We will adjust your premium based on your term start date. Get your bond today!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Massachusetts Professional Solicitor Bond Work?
By having a professional solicitor bond in Massachusetts, you enter a three party agreement to comply with state law.
| Bond Party | Description |
|---|---|
| 1) Principal | You, the professional solicitor or commercial co-venturer |
| 2) Obligee | The Attorney General's Non-Profit Organizations/Public Charities Division |
| 3) Surety | The issuing surety provider |
If you break contract terms, harmed parties can file a bond claim. The surety will pay for valid claims and you must reimburse the surety.
How Do I Get a Professional Solicitor Bond?
Get your Massachusetts professional solicitor bond by following these simple steps:
- Provide required information.
- Pay the premium.
- File your bond with the AGO.
Note: Be sure to include whether you are a professional solicitor or commercial co-venturer in your bond application.
How Fast Can I Get My Bond?
Typically, your bond will be issued in one business day. However, you must file the original, physical bond form with the obligee.
Just select your preferred shipping method at checkout — we offer overnight, two-day and three-day shipping!
How Do I File My Bond?
File your bond with the Attorney General at the following address:
Non-Profit Organizations/Public Charities Division
One Ashburton Place
Boston, MA 02108
How Do I Renew My Professional Solicitor Bond?
Massachusetts professional solicitor bonds expire on December 31 each year. We’ll send renewal reminders starting 90 days before the expiration date.
Just follow the instructions and pay the renewal premium to maintain your coverage.
How Do I Update My Bond Information?
Contact our Customer Care team if you need to update any information on your bond form:
- [email protected]
- 1(800)-308-4358
Small fixes like name and address can be changed with a bond rider. However, larger updates may require a new bond form.
Professional Solicitor and Commercial Co-Venturer Filing Requirements
Any individual or business hired by a charitable organization to fundraise or campaign in Massachusetts must register with the AGO each year.
To become a professional solicitor or commercial co-venturer, file the following materials with the AGO:
- Registration Statement
- A $25,000 surety bond
- $1,000 filing fee for professional solicitors or $200 filing fee for commercial co-venturers
- Form 11A or Form 11B, if applicable*
*Note: File your Professional Solicitor’s Annual Financial Report or Commercial Co-Venturers Annual Financial Report through the Fundraiser Portal.
For each fundraising campaign, solicitors and co-venturers must submit a copy of each fundraising form in addition to the following forms
Read the Professional Fundraiser Guide for more detailed information.
