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Minnesota bonds

Minnesota — Professional Fund-Raiser Bond

Minnesota's $20,000 fundraiser bond turns on custody of or access to contributions—including access by people the fundraiser hires or engages. Registration is broader than that bond trigger. Bring the actual funds-handling arrangements and April 30 registration deadline, and distinguish annual evidence from the form's continuing obligation.

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Recorded state
Minnesota
Bond type
Charitable Solicitation / Fundraiser Bond
Category
Business operations & taxes

What this bond does

Provide accepted professional fundraiser security when the contribution-custody/access condition in Minn. Stat. § 309.531 applies.

Who needs it
The professional fundraiser whose business or engaged personnel will hold or access contributions. A consulting or soliciting label alone does not decide whether the bond is required; professional fundraiser registration and campaign filings have separate rules.
Who it protects
The statute and actual PFR4 protect Minnesota and persons with causes of action for covered liabilities from professional fundraising activities or statutory/rule violations. The form requires honest, faithful compliance by the principal, agents and employees, payment of damages and indemnity against covered losses. Multiple recoveries may proceed until the $20,000 continuing obligation is exhausted.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Details for custody, annual filing and continuation

The statutory trigger reaches any person the fundraiser employs, obtains or engages who has contribution custody or access. Describe who receives checks, holds funds or can access contributions, not just the principal officer's own handling. The full statutory condition permits an accepted rider to a larger blanket bond; do not assume an unrelated business policy satisfies it.

Professional fundraiser registration expires April 30 following registration and may be renewed for additional years. File the required annual registration and bond evidence by that deadline. The Attorney General distinguishes consultants from soliciting fundraisers, but both may have registration duties even where the custody/access bond is not required.

PFR4 itself continues from the actual effective date until the Attorney General releases the surety or the surety cancels on 30 days' written notice to both principal and Attorney General. It does not become void upon the first recovery. Annual registration renewal does not, by itself, create an additional $20,000 limit for every campaign or year.

The posted PFR5 continuation certificate confirms that the identified bond has not been terminated and remains effective. It includes surety/attorney-in-fact execution and a sworn notarial statement. Match the bond number and principal and use the accepted continuation evidence rather than filing an unrelated new document.

Prepare all charity contracts. A soliciting fundraiser also has campaign notices and financial reports, with written authority from two charity officers. The statute calls for campaign reporting within 90 days of completion and 90 days after the anniversary of a longer campaign. Security purchase is separate from those filings and does not constitute Attorney General endorsement.

Sources

Have these ready

  1. Document contribution custody or access by the fundraiser and all employed or engaged persons.
  2. Match the legal principal, accepted $20,000 PFR4 condition and actual effective date.
  3. Arrange principal and attorney-in-fact signatures and attach the Power of Attorney.
  4. Prepare annual April 30 registration and accepted bond or PFR5 continuation evidence.
  5. Gather charity contracts, two-officer authority and any required campaign notice and reporting papers.

Questions about this bond

Does a fundraiser without contribution access automatically need $20,000 security?

The custody/access condition determines the statutory bond requirement, including access by people employed or engaged by the fundraiser. Registration and campaign duties are separate. Describe the real handling arrangements rather than relying on the word consultant or solicitor.

Does April 30 automatically end the continuing bond?

Registration expires on the statutory schedule and annual bond evidence is required where applicable. PFR4's own condition continues until release or cancellation under its terms; PFR5 confirms continuation. Do not confuse annual filing with a new aggregate for each year.

What follows Purchase Now?

Propeller's Minnesota Professional Fund-Raiser application opens in a new tab. Match the actual custody/access role, legal applicant, accepted $20,000 undertaking, dates and execution, then complete Attorney General filing and any campaign papers. Payment alone does not register the fundraiser or approve its conduct.

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