The Bond of The Professional Fundraiser To The General Treasurer of The State of Rhode Island is a type of surety bond that is required by the state to ensure the proper and lawful performance of professional fundraising activities. This bond is in place to protect the state from any financial losses that may result from any kind of fraudulent or negligent activity carried out by the professional fundraiser. The bond guarantees that the fundraiser will faithfully and honestly comply with all applicable laws, regulations, and ordinances when conducting fundraising activities and will pay any fines, damages, or costs imposed by the state. The Bond of The Professional Fundraiser To The General Treasurer of The State of Rhode Island comes in two different types: The Single Bond and The Annual Bond. The Single Bond is a one-time bond that is required for any fundraiser that is planning to conduct a single fundraising event in the state. The Annual Bond is required for any fundraiser that is planning to conduct multiple fundraising events throughout the year in the state. The amount of the bond required is determined by the estimated gross receipts generated by the fundraiser’s activities.
Bond of The Professional Fundraiser To The General Treasurer of The State of Rhode Island
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