Charitable foundation is a legal social organization that uses private wealth for public utilities. Professional interpretation refers to the non-profit legal person established in accordance with the provisions of these regulations by using the property donated by natural persons, legal persons or other organizations for the purpose of engaging in public welfare undertakings.
Charity donation has existed since ancient times, and the form of foundation rose in the United States in the 20th century. Generally speaking, it is an autonomous institution. It aims to fund scientific research and public service projects, such as education, science, medicine, public health and social welfare. Some are commercial organizations that employ full-time scientific research and service personnel to engage in activities in certain fields.
Charitable foundations are usually just charitable donation organizations or non-profit organizations. Some funds come from personal heritage or donations, such as the Smithsonian institution in the United States; Some are donations from industrial and commercial enterprises or families, such as Carnegie Foundation for Teaching Promotion and Ford Foundation. Some are continuous donations, such as the Rockefeller Foundation.