New Mexico Professional Fundraiser Bond
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How much does a professional fundraiser bond cost in New Mexico?
The Attorney General of New Mexico requires professionals who solicit contributions for charitable organizations to post $25,000 professional fundraiser surety bonds.
These bonds are subject to underwriting, so the amount you’ll pay for your bond depends on a review of your personal credit report. Our surety experts work hard to make sure that you’re bonded quickly, easily and accurately. Apply for a free bond quote now!
Why do I need this bond?
New Mexico professional fundraiser bonds are put in place to ensure that principals (professional fundraisers) fully comply with the provisions listed in New Mexico Charitable Solicitations Act, 57-22 et seq. and the rules and regulations adopted thereunder, as well as all of the laws of the state and the rules and regulations of the Registrar of Charitable Organizations.
If the principal fails to adhere to these terms, a claim can be filed against the bond for the repayment of harmed parties up to the full bond amount. The professional fundraiser, in turn, must reimburse the surety for any damages paid out.
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What’s the fine print?
New Mexico professional fundraiser surety bonds expire 1 year from the date of issuance.
How to become a professional solicitor in New Mexico
All professional solicitors must be contracted by a charitable organization and registered with the Attorney General. Applicants must submit the following materials along with their application:
- $25,000 surety bond
- copies of all written and verbal solicitation agreements
- a copy of the charitable organization and professional fundraiser contract
- consent to service process (only for out-of-state solicitors)
Complete licensing information can be accessed via the Additional Resources section of this page.
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