Foundation refers to a non-profit legal person established in accordance with the regulations for the purpose of using the property donated by natural persons, legal persons or other organizations to engage in public welfare undertakings. Foundations are divided into those that raise funds for the public and those that are not allowed to raise funds for the public. According to the geographical scope of fundraising, public offering foundations are divided into national public offering foundations and local public offering foundations. A foundation is an organization that manages funds or special funds reserved for starting, maintaining or developing a cause. Generally, it is a non-profit organization. The purpose is to promote the development of public welfare undertakings such as social science, cultural education and social welfare assistance through free funding. The funds of the foundation have a clear purpose and purpose. The approval authority of the Foundation is the Provincial Civil Affairs Department. It's completely different from a bank. The biggest difference is that foundations can't openly collect deposits in society, lend money to the public and enterprises, or even lend usury.