Massachusetts Professional Fund Raiser Bond: A Complete Guide

If you operate as a professional fundraiser in Massachusetts, it’s essential to understand the Massachusetts Professional Fund Raiser Bond requirement. This bond is a mandatory part of the licensing process and serves as a safeguard for charities and donors against unethical or fraudulent fundraising activities.

I’ve worked with many fundraisers who initially overlook the bonding requirement until they begin their licensing application. Understanding the process in advance can save you time, prevent unnecessary delays, and ensure that you operate in full compliance with state regulations.

This guide will explain everything you need to know about the Massachusetts Professional Fund Raiser Bond, including who needs it, why it’s required, how much it costs, and how to obtain it efficiently.

What Is a Massachusetts Professional Fund Raiser Bond?

A Massachusetts Professional Fund Raiser Bond is a type of surety bond required by the Massachusetts Attorney General’s Office for individuals or businesses engaged in professional fundraising activities.

This bond serves as a financial guarantee that fundraisers will comply with state laws and ethical standards when soliciting donations from the public. If a fundraiser misuses donations, engages in fraudulent activity, or violates state regulations, a claim can be filed against the bond to compensate harmed parties.

The bond acts as a layer of protection for donors, charities, and the public, ensuring that professional fundraisers handle contributions with honesty and integrity.

Who Needs a Massachusetts Professional Fund Raiser Bond?

The state of Massachusetts requires two types of fundraising professionals to obtain a bond:

1. Professional Solicitors

   • Individuals or businesses that actively solicit donations from the public on behalf of charitable organizations.

   • These fundraisers directly handle donor funds and must secure a $25,000 surety bond.

2. Fundraising Counsel

   • Organizations or individuals that advise charities on fundraising strategies but do not directly handle donations.

   • Since they do not collect funds, their bonding requirement is lower, with a $10,000 surety bond required.

Are There Any Exemptions?

Certain fundraising activities do not require a bond. For example:

• Charitable organizations that raise their own funds without hiring professional fundraisers.

• Volunteers who assist in fundraising efforts but are not compensated for their work.

• Fundraising activities that do not involve direct solicitation from the public.

It’s always best to verify with the Massachusetts Attorney General’s Office whether your specific activities require a bond.

Why Is a Massachusetts Professional Fund Raiser Bond Required?

From my experience, many fundraisers see bonding as just another regulatory hurdle. However, I’ve come to understand that it plays a much more significant role in maintaining trust and accountability in the nonprofit sector.

Here’s why the Massachusetts Attorney General’s Office enforces this requirement:

✅ Protects Donors & Charities – Ensures that funds raised are used for their intended purpose.
✅ Encourages Ethical Fundraising – Holds fundraisers accountable for following state laws.
✅ Prevents Fraud & Misuse of Funds – Deters individuals from engaging in deceptive practices.
✅ Legal Compliance – Operating without the required bond can result in penalties, fines, or legal action.
✅ Builds Trust & Credibility – Shows potential donors and charitable organizations that you are a legitimate and responsible fundraiser.

Having this bond not only satisfies legal requirements but also gives donors confidence that their contributions are handled responsibly.

Bond Requirements & Costs

Bond Amounts

The required bond amount depends on the type of fundraiser:

• $25,000 Bond – Required for Professional Solicitors who actively collect donations.

• $10,000 Bond – Required for Fundraising Counsel who advise charities but do not handle donations.

How Much Does a Massachusetts Professional Fund Raiser Bond Cost?

The cost of your bond (also known as the bond premium) depends on several factors, including:

• Your credit score

• Financial history

• Business experience

• Bond amount required

Based on our experience, here’s a general estimate of what you might pay for this bond:

Bond Type

Required Bond Amount

Estimated Annual Premium

Professional Solicitors

$25,000

$250 – $1,250

Fundraising Counsel

$10,000

$100 – $500

How Credit Affects Bond Costs

Like other types of surety bonds, the premium rate for a Massachusetts Professional Fund Raiser Bond is largely based on your credit score. Here’s how it typically breaks down:

• Strong Credit (700+ FICO Score) – 1% to 3% of the bond amount (Lower premiums).

• Average Credit (650-699 FICO Score) – 3% to 5% of the bond amount.

• Poor Credit (Below 650 FICO Score) – 5% to 10% of the bond amount (Higher premiums).

If you have less-than-perfect credit, don’t worry. We work with a variety of surety bond providers who offer flexible financing options to help make the bond more affordable.

How to Obtain a Massachusetts Professional Fund Raiser Bond

Getting bonded is a straightforward process when working with the right surety provider. Here’s what you need to do:

Step 1: Confirm Your Bond Requirement

Verify whether you need a $10,000 or $25,000 bond based on your fundraising activities.

Step 2: Submit an Application

Provide basic information about your business, including:

• Business name and address

• Type of fundraising activities

• Financial details

Step 3: Undergo a Credit Check

Your bond provider will review your credit score and financial history to determine the premium cost.

Step 4: Pay the Bond Premium

Once approved, you’ll pay the annual premium for your bond.

Step 5: Receive & File Your Bond

Once issued, submit your bond certificate to the Massachusetts Attorney General’s Office as part of your licensing requirements.

Why Work With Us?

At Axcess Surety, we specialize in helping professional fundraisers obtain their required surety bonds quickly and affordably.

What we offer:
✔ Fast approvals – Many bonds issued within 24 hours.
✔ Competitive rates – Access to top surety markets for the lowest pricing.
✔ No hidden fees – Transparent pricing with no surprises.
✔ Expert support – Guidance throughout the application process to ensure compliance.

Get Your Massachusetts Professional Fund Raiser Bond Today

If you need a Massachusetts Professional Fund Raiser Bond, don’t wait until the last minute. Contact us today to get a free quote and secure your bond quickly.

👉 Apply Online Now or call us to speak with a bonding expert!