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Rhode Island Professional Fundraiser Bond

How much does a Professional Fundraiser Bond cost in Rhode Island?

The Securities Division of Rhode Island’s Department of Business Regulation requires professional fundraisers to post $10,000 surety bonds as a licensing requirement.

These bonds require surety underwriting consideration, but qualified applicants could pay as low as $100 for their bonds. The best way to find out exactly how much you’ll pay for your Rhode Island surety bond is to request your free, no-obligation surety bond quote now!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Professional Fundraiser Bond $10,000 Starts at $100 $400-$800 $1,000+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

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.

Why do I need this bond?

By posting a Rhode Island professional fundraiser surety bond, principals (professional fundraisers) pledge to conduct business ethically and in accordance with all laws of the state and industry. Prohibited 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
  • and more

These bonds ensure that harmed parties are protected from any losses resulting from the principal’s malfeasance, non-feasance or misfeasance in the conduct of solicitation activities up to the full bond amount of $10,000. The principal must reimburse the surety for all damages paid out.

We can typically provide your no-strings-attached surety bond quote within 1 business day of submitting your application. Apply for your free surety bond quote now!

What’s the fine print?

Rhode Island professional fundraiser bonds remain in full force and effect until canceled or violated.

The Department of Business Regulation can terminate or cancel the bond at any time. The surety can also cancel or terminate the bond by giving written notice of cancellation to the Department. Cancellation becomes effective 60 days after the notice is received.

How to become a professional fundraiser in Rhode Island

Any organization or person that solicits contributions or intends to hire a person or business to solicit contributions for charitable purposes in Rhode Island must obtain the appropriate registration. Information required on the registration application includes:

  • official name and address of the organization
  • date/place of establishment of the organization
  • entity type of the organization
  • copies of all contracts with charitable organizations
  • all additional names and addresses of all officers, agents and employees
  • proof of a surety bond
  • and more

All required application fees must be paid in full at the time of application.

Take the first step toward becoming licensed in Rhode Island by purchasing the surety bond you need quickly, easily and accurately!

Ready to get started?

Get a Professional Fundraiser Bond Quote Today!

Professional Fundraiser Surety Bond form

Application for Professional Fundraiser

State of Rhode Island Department of Business Regulation

Rhode Island General Laws Chapter 5-53.1: Solicitation by Charitable Organizations

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