What is a New Mexico Professional Fundraiser Bond?
The New Mexico Professional Fundraiser Bond is required from professionals who solicit contributions for charitable institutions by the Attorney General of New Mexico.
The bond is put in place to make sure that professional fundraisers entirely comply with the provisions provided in the New Mexico Charitable Solicitations Act, 57-22 et seq. and the rules and regulations adopted, along with all of the laws of the state and the rules and regulations of the Registrar of Charitable Organizations.
Why do you need the New Mexico Professional Fundraiser Bond?
Having this bond will render you a professional fundraiser of integrity and competence. You are fundamentally showing your client charitable organizations that you are capable of providing services in a principled and proficient manner. This is exceedingly vital in enhancing your reputation as a fundraiser and can automatically boost your image within the industry. As a result, clients are confident in availing of your services. If a substantiated claim is made, your customers can get monetary reparation.
More details about the New Mexico Professional Fundraiser Bond
The New Mexico Professional Fundraiser Bond is a surety bond mandated by the Charitable Solicitations Act. For this bond to be acceptable, its application should be accompanied by copies of the solicitation literature and a copy of the proposed contract between the professional fundraiser and the charitable organization.
What is the cost of a New Mexico Professional Fundraiser Bond?
The bond is for $25,000. Premium payments for this bond are reliant on the fundraiser’s financial capability, history, and credit score. As long as the fundraiser has not been convicted of past criminal offenses, possesses a good reputation within the industry and the community, has an excellent previous fundraising track record, then he/she is expected to pay a lower premium rate.
How can I get the New Mexico Professional Fundraiser Bond?
Procuring this bond is effortless. For faster processing and reliable outcomes, be wise in choosing a legitimate surety bond agency by researching and checking on their background and track record. With a dependable surety organization behind you, protecting your business, your clients, and your shareholders will be easy and economical.