Vermont Charitable Solicitations Bond Guide
If you are registering to become a paid fundraiser in Vermont, you may need to purchase a surety bond.
Bond Overview
- Purpose: To ensure solicitors uphold solicitation laws and properly handle funds
- Who Needs It: Solicitors raising funds for for charitable organizations in Vermont
- Regulating Body: The Vermont Office of the Attorney General
- Required Coverage: $20,000
- Premium Rate: $300 flat rate
Learn all about the bond requirements and process in this guide.
What Is a Vermont Charitable Solicitations Bond?
A Vermont charitable solicitor bond protects charitable organizations from damages due to mismanagement of funds or inappropriate solicitation activities.
The Vermont Office of the Attorney General requires this bond as part of the professional fundraiser registration process to ensure legal operations.
How Much Do Charitable Solicitations Bonds Cost in Vermont?
A $20,000 Vermont charitable solicitor bond costs a flat rate of $300. Click below to buy your bond in minutes!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Charitable Solicitations Bond?
The Vermont Office of the Attorney General requires this bond for professional fundraisers who manage and raise funds for charitable organizations in Vermont.
Vermont defines a paid fundraiser as any person who, for compensation, solicits charitable contributions from people in the state. This includes any employees or agents of a registered fundraiser.
How Do I Get My Bond?
With SuretyBonds.com, you can buy your Vermont charitable solicitor bond instantly online. Just enter your information and checkout in minutes.
We’ll email you the bond shortly after purchase. Be sure to file the bond with the Vermont Office of the Attorney General as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Vermont Charitable Solicitations Bond Work?
As with all surety bonds, a charitable solicitor bond creates a legal contract between three parties:
- Principal: You, the professional fundraiser filing the bond
- Obligee: The Vermont Office of the Attorney General requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of The Vermont Charitable Solicitations Law.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your charitable solicitor bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
