How much does a commercial fundraiser bond cost in California?
The California Office of the Attorney General requires commercial fundraisers for charitable purposes to post $25,000 surety bonds.
These bonds are subject to underwriting consideration, so the price you’ll pay depends on a review of your personal credit report. Qualified applicants could pay as low as 1% of the bond amount, or just $250. The best way to find out exactly how much you’ll pay is to request your free bond quote now!
|Bond Type||Bond Amount||Cost*|
|$25,000 Commercial Fundraiser Bond for Charitable Purposes||$25,000||Starts at $250||GET A QUOTE|
If you’re ready to become bonded quickly, easily and accurately, call SuretyBonds.com at 1 (800) 308-4358 or click here to fill out an online bond request form now. You’ll be connected with an expert surety specialist who will walk you through each step of our simple bonding process.
Why do I need this bond?
California charitable fundraiser bonds are put in place to ensure that principals (fundraisers) comply with the provisions of subdivision (a) of Section 12599 of the Government Code of the State of California. Unethical acts under this bond include:
- leading people to believe that money and funds are collected for charitable purposes when they indeed are not
- using a charity’s name without written consent to do so
- employing any device, scheme or artifice to defraud or obtain money by misrepresentation or misleading statements
- failing to produce to the Attorney General any books and records of such organization
By posting this bond, the principal agrees to pay all sums due to any individual or group as a result of the principal’s unlawful or unethical business practices.
We can typically provide your free bond quote within 1 business day of receiving your application. Get started now!
What’s the fine print?
Commercial fundraiser bonds in California are continuous until canceled. The surety can cancel the bond according to the provisions of Section 996.310 of the Code of Civil Procedure. Both the principal and the surety can be served with notices, papers and other documents under Chapter 2 (commencing with section 995.010), Title 14, Part 2 of the Code of Civil Procedure and section 12599 of the Government Code at the addresses listed on the bond form.
How to become a commercial fundraiser in California
Any organization or person that solicits contributions or intends to hire a person or business to solicit contributions for charitable purposes in California is required to obtain the appropriate registration. Information required on the application includes:
- official name and address of commercial fundraiser for charitable purposes
- Federal Employer I.D. number
- CF Registration Number
- mailing address (if different from official address)
- all additional names and addresses the charitable fundraiser is known for or operates under
The registration form requires applicants to mark whether they are part of a corporation, unincorporated association, partnership or a sole proprietorship.
All required application fees must be paid in full at the time of application.
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