Illinois Professional Fund Raiser Bond

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What is an Illinois Professional Fund Raiser Bond?

Individuals who have applied to Illinois’s Attorney General for registration as professional fund raisers for a charitable organization must obtain a Professional Fund Raiser’s Bond. This surety bond legally obligates the bond principal–the person or entity getting the bonding–to act in accordance with the law, and adhere to “An Act to Regulate Solicitation and Collection of Funds for Charitable Purposes” of Illinois. The principal must agree to reimburse the state of Illinois, as well as any person who has a case against the bonded principal for any unethical or illegal behavior during the solicitation process.

Do you need an Illinois Professional Fund Raiser Bond?

We can help you get the bond you need. We have a variety of bonds available, so we can find the right one for your business.

Get the peace of mind that comes with knowing your business is fully compliant with all laws or rules and regulations.

Contact us today to get started on your Illinois Professional Fund Raiser Bond!

Why is the Illinois Professional Fund Raiser Bond necessary?

Surety bonds are an important part of ensuring compliance and financial stability. They’re required in all 50 states to guarantee that companies will follow their licensing or permitting requirements across a wide variety of industries, professions, etcetera. The business demonstrates its commitment both financially as well as ethically by providing proof it can uphold these standards.

What is a Professional Fund Raiser Bond in Illinois and how does it work?

Surety bonds are a great way to provide financial guarantees that contracts and other business deals will be completed according to mutual terms. They protect consumers from fraud, malpractice, or any other breach of their agreement with the company that issues them; when this occurs one party can claim your surety bond for you (the principal) to fulfill damages caused by breaking those promises!

Glass jar filled with donated money for a fundraiser.

What is the cost of an Illinois Professional Fund Raiser Bond?

Surety bond costs can vary by location and the requirements outline how large a surety’s commitment is to pay out in claims, meaning they will charge different premiums based on an individual’s credit scores or financial history.

Is it possible to obtain an Illinois Professional Fund Raiser Bond with bad credit?

While it may seem like a bad credit score means the end of your dreams, you don’t have to give up on getting bonded! Axcess-Surety can help even if your circumstances are adverse. We know that many people who fall into these types of debt include medical expenses or bankruptcies among others so we provide options for everyone with our strong commitment to helping all individuals or companies succeed.

How to obtain an Illinois Professional Fund Raiser Bond?

Obtaining a surety bond is quick and easy with an online application. The company will ask for information about your personal, professional, or financial background but once you receive the quote they can make it effective in as little time frame required!

Glenn Allen
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