New York 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 New York
- Regulating Body: The New York State Department of Law
- Bond Amount: $10,000
- Premium Price: $150 for one year
What Is a New York Professional Fundraiser Bond?
New York professional fundraiser bonds ensure that charitable solicitors comply with state solicitation laws. If paid fundraisers act improperly, the bond ensures harmed consumers or organizations can be compensated for financial losses.
Note: Fundraising counsels and professional solicitors do not need this bond. Only professional fundraisers are required to be bonded.
How Much Do Fund Raiser Bonds Cost in New York?
New York charitable fundraisers need a $10,000 surety bond which costs $150 for one year of coverage. Get your bond in minutes now.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does the Bond Work?
As with all surety bonds, a New York professional fundraiser bond creates a financial contract with three parties.
| Bond Party | Description |
|---|---|
| 1) Principal | The paid fundraiser filing the bond |
| 2) Obligee | The New York State Department of Law (Attorney General) |
| 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 Fundraiser Bond?
You can get your New York charitable fundraiser bond in minutes using the form on this page. It only takes three steps:
- Enter your personal information.
- Provide payment details.
- Select your shipping option.
We offer 1–3 business day shipping options because the obligee requires the original bond form. Remember to file the bond along with your fundraiser 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. Bad credit will not impact your ability to get the bond.
How Do I Renew My Bond?
These bonds last for one year and then require renewal. We’ll send out renewal reminders with an invoice and instructions on how to extend your coverage for another year.
Make sure you maintain active bond coverage as long as you are registered as a fund raiser in New York.
How to Become a Professional Fund Raiser in New York
You must register with the Office of the New York State Attorney General to become a professional fund raiser. Follow these steps to apply:
- Register the business entity with the state.
- Get the $10,000 surety bond.
- Complete the professional fundraiser registration statement and include any attachments.
- Write a check for the $800 fee.
- Mail in the registration statement, bond form and check.
If approved, your registration will last one year then require renewal.
