How much does an Alaska paid solicitor bond cost?
The cost of an Alaska paid solicitor bond is subject to underwriting, which means that the cost you pay varies depending on a review of your credit report. Regardless of your credit situation, our team of surety experts works hard to get you bonded quickly and for the lowest rate available. Apply for your free bond quote now!
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Why do I need a paid solicitor bond in Alaska?
Alaska requires paid solicitors for charitable organizations to post $10,000 surety bonds as part of the registration process with the Alaska Department of Law, Consumer Protection Unit, before conducting business in the state. You will need a paid solicitor bond if you are a paid solicitor or a professional fundraiser hired and compensated by a charitable organization to seek donations/fundraise on its behalf.
Alaska paid solicitor bonds ensure that principals (paid solicitors) perform all obligations and requirements imposed under AS 45.68 and 9 AAC 12, including paying all amounts due to the charitable organization for which it solicits funds. The bond protects state and charitable organizations from financial loss if the principal or its members, officers, employees, subsidiaries, and subcontractors conduct business unlawfully or unethically.
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Considerations for Alaska paid solicitor bonds
Paid solicitor for charitable organizations bonds in Alaska are continuous until canceled. If the surety decides to cancel this bond, 60 days’ written notice must be given to the Alaska Department of Law and to the principal prior to the cancellation date.
How to register as a paid solicitor for charitable organizations in Alaska
Posting a $10,000 Alaska paid solicitor bond is just the first step toward obtaining your registration to fundraise for a charitable organization. You must take these additional steps online (unless granted an exception by the Alaska Department of Law):
- Pay the $200 registration fee.
- Complete the registration form, which will be linked in the confirmation email of your $200 fee payment.
After the registration form is complete, the following fees and documents must be filed with the department, along with the registration application:
- A $10,000 surety bond
- A copy of the written contract for each charitable organization you (the solicitor) contract with to solicit contributions
- A copy of all scripts used for fundraising
After a solicitation campaign is complete, the paid solicitor must submit a campaign financial report on the Paid Solicitor Campaign Financial Report Form established by the department.
The annual registration period for paid solicitors in Alaska begins June 1. Regardless of when the registration form is filed, all Alaska registrations expire on September 1; your registration will need to be renewed by this date to keep it from lapsing.
