If you are engaged in operating a Charitable Trust in California, the Department of Justice requires that you execute a California Charitable Trust Bond in the amount of $25,000 to ensure compliance with Government Code Section 12599.5.
Bonds Express offers a California Charitable Trust Bond with a 99% approval rate.
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 California Charitable Trust Bond holds you accountable for your business decisions.
By possessing a California Charitable Trust Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.