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New Mexico bonds

New Mexico — Professional Fundraiser Bond

New Mexico requires professional fundraiser registration before contracting to solicit for a charity that must register. Its current application includes a $25,000 bond. Taking donor pledges can count even when money goes directly to the charity, so establish the real solicitation role before treating the business as advice-only counsel.

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

What this bond does

Supply the professional fundraiser security required with New Mexico's registration application under the Charitable Solicitations Act.

Who needs it
The paid professional fundraiser applicant, not the charity receiving donations. NMDOJ distinguishes soliciting and controlling contributions from counsel that neither directly solicits nor receives, accesses or controls contributions.
Who it protects
The actual undertaking runs to New Mexico for the Attorney General and persons with causes of action under the Act. It conditions the obligation on faithful compliance with applicable state laws and the Registrar's rules; a covered violation makes the obligation payable up to its stated sum. It does not guarantee fundraising results or replace the charity's own registration.

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 pledges, the application and replacement security

NMDOJ explains that contributions include promises and pledges, not just cash. A fundraiser who solicits and takes a pledge may still need professional fundraiser registration when the eventual payment goes elsewhere. Advice-only counsel has a different definition and is listed on the charity's annual financial report rather than separately registering as a professional fundraiser.

Use the currently linked application and its $25,000 undertaking. The model identifies the exact applicant, entity type, business address and surety, becomes effective on its entered date and expires one year later. The packet requires prompt replacement-bond delivery if security expires; do not assume an old certificate remains sufficient.

The bond names the professional fundraiser as principal and binds principal and surety jointly and severally for the stated statutory condition. Its certified Power of Attorney must be attached, with certification and bond execution dates agreeing. Complete the separate sworn application certification and any required nonresident service-of-process consent.

The application also requests the intended charity contract, campaign methods and dates, solicitation locations and telephone numbers, solicitor identities and literature or scripts. Identify who has custody and who distributes contributions. Use NMDOJ's current delivery instructions for the complete packet; provider checkout does not send it to the Department.

The posted guidance requires written accounting to the charity at least every six months, rather than a separate annual fundraiser financial report to NMDOJ. The packet describes deposit of monetary contributions into the charity's federally insured account within two days and disbursement under the charity's authorized signature. Keep those operational duties separate from the bond purchase.

Sources

Have these ready

  1. Describe direct solicitation, pledge taking and contribution custody or control.
  2. Match the fundraiser's exact legal name, entity type, address and $25,000 undertaking.
  3. Prepare campaign contracts, personnel, locations, methods, dates and scripts.
  4. Arrange the model's execution and date-matched certified Power of Attorney, plus the application's sworn certification.
  5. Complete any required nonresident consent and confirm NMDOJ packet delivery and expiring-bond replacement instructions.

Questions about this bond

Am I advice-only counsel because the charity receives the checks?

Not necessarily. NMDOJ says taking pledges can make the activity professional fundraising even when the eventual money is sent elsewhere. Describe direct solicitation and access/control, not only the bank account receiving cash.

Does the model run indefinitely?

No. The posted bond expires one year after its effective date. The current application directs prompt delivery of replacement security when the bond expires. Do not confuse that bond term with an assumption about when the registration itself must be refiled.

What follows Purchase Now?

Propeller's New Mexico Professional Fundraiser application opens in a new tab. Match the applicant, accepted $25,000 condition, effective date and execution, then complete NMDOJ registration with the required attachments. Payment does not register the fundraiser or submit campaign materials.

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