Commercial fundraiser bond cost
The Washington Secretary of State’s Charities Program requires professional solicitors in the state to post $25,000 surety bonds. In 2014, the Washington Secretary of State passed regulations that require contract employees, independent contractors and other individuals who are not bona fide officers or employees of a commercial fundraiser and who receive compensation for soliciting or receiving charitable contributions to register independently and post a separate surety bond unless exempt.
These bonds are subject to underwriting, so the price you’ll pay depends on a review of your personal credit report. Applicants with strong financial credentials could qualify to pay as low as 1% of the bond amount, or just $250! Bad credit applicants can still qualify for the bonds they need quickly and easily.
Why this bond
Washington commercial fundraiser surety bonds ensure that the state of Washington and any individual or entity who is harmed by a principal’s (commercial fundraiser’s) conduct during solicitation activities is protected from financial loss. By posting this surety bond, solicitors pledge to abide by all obligations and requirements imposed by Chapter 19.09 of the Revised Code of Washington and all supporting regulations.
Commercial fundraiser bonds in Washington remain in full force and effect until canceled. The surety can cancel the bond by providing written notice of cancellation to the Secretary of State no less than 45 days prior to the effective cancellation date.
Become a licensed commercial fundraiser
To become a licensed commercial fundraiser in Washington, applicants must complete and submit a Commercial Fundraiser Registration/Renewal form, which asks for the following information:
- general information about the applicant/organization
- organizational structure
- applicant’s Federal Employer Identification Number
- proof of a surety bond
- type of fundraising services conducted
- charitable organizations for which services are provided
- and more
The initial/re-registration fee is $300, the renewal fee is $200, the late fee is $50 and the optional expedited service fee is $50.Take the first step toward becoming a professional solicitor in Washington by purchasing the surety bond you need quickly and easily!
Apply for your surety bond
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