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What are the conditions for private foundations?
The requirements for private foundations are as follows:

1, established for specific public welfare purposes;

2. The original fund of the national public offering foundation is not less than 8 million yuan, the original fund of the local public offering foundation is not less than 4 million yuan, and the original fund of the non-public offering foundation is not less than 2 million yuan; The original funds must be the money received;

3. It has a standardized name, articles of association, organization and full-time staff suitable for its activities;

4. Have a fixed residence;

5. Be able to bear civil liability independently.

To apply for a corporate charitable foundation, you need the following documents:

1, application;

2. Draft articles of association;

3. Capital verification certificate and residence certificate;

4. List of directors, identity certificates and resumes of the proposed chairman, vice-chairman and secretary-general;

5, the competent business unit agreed to set up the document.

Individuals can set up charitable foundations. Charitable foundations can be divided into public offering and non-public offering according to their nature. Individual charitable foundations belong to the latter, that is, foundations have no right to raise donations from the society.

Legal basis: Article 8 of the Regulations on the Administration of Foundations

The establishment of a foundation shall meet the following conditions:

(a) For the purpose of charitable activities;

(2) Not for profit;

(3) Having a certain amount of registered capital and paid in cash;

(4) Having its own name, articles of association, domicile, organization and person in charge, and full-time personnel suitable for business activities;

(5) Being able to bear civil liability independently.

The registered capital of the foundation registered in the civil affairs department of the people's government at the county level is not less than 2 million yuan; The registered capital of the foundation registered in the civil affairs department of the municipal people's government with districts is not less than 4 million yuan; The registered capital of the foundation registered in the civil affairs department of the provincial people's government is not less than 8 million yuan.