Minnesota Professional Fundraiser Bond Guide
If you’re registering as a professional fundraiser in Minnesota, you’ll need a surety bond. Learn how the bonding process works and get a free quote with this guide.
Bond Overview
- Purpose: To protect charitable organizations from mismanagement of funds
- Who Needs It: All professional fundraisers working in Minnesota
- Regulating Body: The Minnesota Attorney General’s Office
- Required Coverage: $20,000
- Premium Rate: Credit-based, starting at $300
What Is a Minnesota Professional Fundraiser Bond?
A professional fundraiser bond is a type of license and permit bond which protects charitable organizations if fundraisers mismanage donated funds.
The Minnesota Attorney General’s Office requires this bond for licensure as a professional fundraiser.
How Much Do Professional Fundraiser Bonds Cost in Minnesota?
Minnesota professional fundraiser bonds are credit-based and cost 1.5–10% of the total bond amount. Applicants with excellent credit typically pay just $300 for $20,000 in coverage.
Apply below for your free quote. Select a multi-year term at checkout to save up to 25% per year.
How Does a Minnesota Professional Fundraiser Bond Work?
A professional fundraiser bond is a legal contract between three parties:
- Principal: The fundraiser filing the bond
- Obligee: The Minnesota Attorney General requiring the bond
- Surety: The provider issuing the bond
As the principal, you promise to uphold MN Code §309.50-309.61. For example, if you mishandle donated funds, the non-profit or harmed donors can file a bond claim against you.
You are responsible for reimbursing the surety for any paid claims up to the $20,000 coverage amount.
How Do I Get a Professional Fundraiser Bond in Minnesota?
SuretyBonds.com offers the fastest and easiest way to get a surety bond for professional fundraisers. Follow these 3 steps:
- Apply for a free quote
- Sign the electronic indemnity agreement
- Buy your bond online or over the phone
Upon receipt, sign and file the bond documentation along with your other professional fundraiser registration forms.
How Fast Can I Get My Bond?
You’ll receive your quote within one business day or less. We process most bonds same-day and email them minutes after checkout.
Can I Get Bonded With Bad Credit?
Yes, you can likely still get bonded as a Minnesota professional fundraiser — even with bad credit. However, your personal credit score may impact your quote.
How Do I Renew My Professional Fundraiser Bond?
This bond expires in one year. When you work with SuretyBonds.com, we’ll send you renewal reminders in advance — just pay the renewal invoice.
How to Become a Professional Fundraiser in Minnesota
The Attorney General oversees professional fundraiser registration in Minnesota. To apply, submit the following:
- $200 registration fee
- Registration statement
- A copy of the written contract with each organization you are working with
- Surety bond form
- A solicitation notice
Email the application to [email protected] or mail it to the address below:
Minnesota Attorney General’s Office
Charities Division
445 Minnesota Street, Suite 1200
St. Paul, MN 55101
Once approved, you must renew your license every year by April 30th.
