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Should non-Public Offering of Fund transfer to Public Offering of Fund increase the original fund?
The original funds transferred from non-public offering foundations to public offering foundations should be increased. According to the Regulations on the Management of Foundations, the annual expenditure of public offering foundations for engaging in public welfare undertakings stipulated in the articles of association shall not be less than 70% of the total income of the previous year. Non-public offering foundations shall use not less than 8% of the fund balance of the previous year for public welfare undertakings as stipulated in the articles of association. The original fund of the national public fund is not less than 8 million yuan, the original fund of the local public fund is not less than 4 million yuan, and the original fund of the non-public fund is not less than 2 million yuan. The original funds must be the money received. If you want to turn a non-public fund foundation into a public one, you must show the competent civil affairs department your ability to spend money, because only spending money will show that your foundation is really doing things and will do things. It is understood that in Beijing, it is an unwritten and hard rule that the annual public welfare fund expenditure exceeds 6,543,800 yuan. Other provinces and cities should not be far behind.