The National Art Fund is a public welfare fund allocated by the central government and donated by natural persons, legal persons or other organizations according to law. It was formally established on February 30th, 20th1313. Cai Wu, Minister of Culture, was appointed as the first chairman of the National Arts Foundation Committee. The National Art Foundation aims at prospering artistic creation, cultivating artistic talents, creating and popularizing masterpieces, and promoting the healthy development of artistic undertakings.