Michigan Professional Fundraiser Bond Overview
- Purpose: To protect charities and donors from mismanagement of funds or inappropriate solicitations
- Who Needs It: Individuals that manage, solicit and raise funds for charities in Michigan
- Regulating Body: The Department of Attorney General | Charitable Trust Section
- Bond Amount: $10,000
- Premium Price: $150 for one year
What Is a Michigan Professional Fundraiser Bond?
Michigan professional fundraiser bonds ensure compliance with the Charitable Organizations and Solicitations Act. If paid fundraisers act improperly, the bond ensures harmed consumers or organizations can recover financial damages.
How Much Do Professional Fundraiser Bonds Cost in Michigan?
The state-required $10,000 Michigan charitable fundraiser bond costs $150 for one year. However, your exact rate will be prorated based on the June 30 expiration date. Buy your bond online in minutes.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Michigan Professional 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 Department of Attorney General | Charitable Trust Section |
| 3) Surety | The issuing surety provider |
If you violate this contract, 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 Michigan 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’ll email you the bond right after you check out. If you don’t see the bond in 5–10 minutes, please check your junk folder.
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 Edit My Bond Form?
If there is incorrect or outdated information on your bond form, contact your surety provider for help editing it.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 Michigan
Before soliciting in Michigan, professional fundraisers must register with the Attorney General’s Charitable Trust Section. You’ll need to submit these three forms:
- Application for License of Professional Fundraiser Form (CTS-07)
- Signed $10,000 surety bond form
- Professional Fundraiser Contract Summary Sheet Form (CTS-11)
Once approved, you’ll also need to submit regular financial statements. If you have questions, you can reach the Charitable Trust Section at 517-335-7571.
