Professional Fund Raiser Bonds- An Overview from Tim Scott's blog

While nothing can assure the effectiveness of a contract, a surety bond is something that can greatly lessen an individual's or company's risk in a given business transaction. While it should not be seen as a literal guarantee, it provides reassurance to the obligee that they will be financially compensated should the principal default on the terms of the agreement. The obligations of both a commercial co-venturer and a professional fundraiser are similar in many ways, especially because both may be liable for funds raised on behalf of charitable organizations. However, there are some key differences between the two categories. Rather than working independently or through personal connections to raise funds, professional fundraisers pay an upfront fee to charitable organizations for use of their general campaign materials. This directly leads to the difference in financial obligations between these two categories of fundraisers.

There are numerous completely different kinds of fundraising for nonprofits, including the types listed above. In fact there can be many different sorts of fundraising utilized by nonprofits. The sort of fundraising will rely upon on the kind of nonprofit the place they function. Nonprofits usually have restricted sources so they try to complete their work as economically as in any other case they might. Lots of nonprofits use a mixture of these types of methods which makes it simpler for them to achieve their targets and objectives. For more detail, please refer to the info-graphic below.