Professional Fundraisers operating in the State of Illinois are required under Section 6 of An Act to Regulate Solicitation and Collection of Funds for Charitable Purposes to execute an Illinois Professional Fund Raisers Bond to ensure compliance with licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Illinois Fund Raiser Bond holds you accountable for your business decisions.
By possessing an Illinois Fund Raiser Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.