Rhode Island 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 Rhode Island
- Regulating Body: The Rhode Island Department of Business Regulation
- Bond Amount: $10,000
- Minimum Price: $150; credit-based
What Is a Rhode Island Professional Fundraiser Bond?
Rhode Island professional fundraiser bonds ensure that charitable solicitors comply with state laws and regulations. If fundraisers act improperly, the bond ensures harmed consumers are compensated for any financial losses.
How Much Do Charitable Fundraiser Bonds Cost?
The $10,000 Rhode Island professional fundraiser bond starts at $150 for a one-year term. Exact rates vary based on a soft credit check.
You can also save 25% and time on renewals by selecting a multi-year term. Apply in minutes below.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Rhode Island 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 Rhode Island Department of Business Regulation |
| 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 repay the surety provider.
How Do I Get a Professional Fundraiser Bond in Rhode Island?
You can get your Rhode Island 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 solicitor registration.
Can I Get Bonded With Bad Credit?
Personal credit history does impact your approval and quote prices. The best way to know if you qualify is by submitting a no-obligation quote request.
We can typically match applicants with the best available rates no matter their credit score.
How Do I Renew My Bond?
We’ll send out helpful email and text reminders before your professional fundraiser bond expires. Just pay the renewal premium to extend your current bond coverage for another 1–3 year term.
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 Rhode Island
You’ll need the following information to submit your professional fundraiser application to the Rhode Island Department of Business Regulation:
- Employer Identification Number (EIN)
- Name and address of person with custody of books and records if you don’t have an office.
- Date and location of establishment
- Copies of all current contracts with Charitable Organizations
- Surety bond (if required)
- Spreadsheet listing all professional solicitors (if applicable)
You can apply to become a fundraiser online through the elicensing portal.
