Foundations are divided into foundations that solicit donations from the public and foundations that are not allowed to solicit donations from the public. Public foundations are divided into national public foundations and local public foundations according to the geographical scope of fundraising. According to the "Foundation Management Regulations", a foundation must be registered with the civil affairs department in order to operate legally. By its nature, it is a private non-profit organization.

As a basic social organization and institutional form, foundations are different from governments, enterprises, and general non-profit organizations. They are public welfare, non-profit, non-governmental and fund trust. Basic characteristics of the foundation.

Extended information

The matters required for foundation registration include: name, address, type, purpose, business scope of public welfare activities, original fund amount and legal representative. If a foundation plans to establish a branch or representative office, it shall submit a registration application to the original registration management authority and submit documents including the name, address, and person in charge of the proposed institution.

The registration management authority shall make a decision to approve or disapprove registration within 60 days from the date of receipt of all valid documents listed in the preceding paragraph. If registration is approved, a "Foundation Branch (Representative) Organization Registration Certificate" will be issued; if registration is not granted, the reasons shall be stated in writing.

The registration matters for the establishment of foundation branches and foundation representative offices include: name, address, business scope and person in charge of public welfare activities. Foundation branches and foundation representative organizations carry out activities based on the authorization of the foundation and do not have legal person status.

Baidu Encyclopedia-Foundation Management Regulations

Baidu Encyclopedia-Foundation