The first one is Public Offering of Fund, which is generally an institution with the background of the national government and has little to do with individuals. Like the red cross.

The second type is a non-public offering fund, which needs the approval of the civil affairs department, and also needs to be affiliated with government agencies or party and government departments. Generally, non-governmental charities are not qualified and can only be affiliated with enterprises (they need to be responsible for the financial and tax expenditures of for-profit institutions), and the cost is high.

The basic conditions for applying for the establishment of a foundation include:

(1) Established for a specific public welfare purpose;

(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) Having a standardized name, articles of association, organizational structure and full-time personnel suitable for its activities;

(4) Having a fixed residence;

(5) Being able to bear civil liability independently.

To apply for the establishment of a foundation, the documents to be submitted include:

(1) an application;

(2) Draft articles of association;

(3) capital verification certificate and residence certificate;

(4) The list of directors, identity certificates and resumes of the proposed chairman, vice-chairman and secretary-general;

(5) The document that the competent business unit agrees to set up.

It is suggested that if it is the relationship between the government and local government departments, otherwise the business tax of enterprises will be consumed by a private institution.

Interests: Straight Flush and Love Fund.