Those engaged as Fund Raiser in Rhode Island are required by the State of Rhode Island Department of Business Regulations Securities Division to file a Rhode Island Professional Fundraiser Bond as a condition of 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 Rhode Island Professional Fundraiser Bond holds you accountable for your business decisions.
By possessing a Rhode Island Professional Fundraiser Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.