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Can foundation sponsors become beneficiaries? Why?
The sponsor cannot be a beneficiary for the following reasons:

1. The promoters of the foundation are the planners and organizers of the establishment of the securities investment fund, and their behaviors, rights and obligations occurred before the establishment of the fund. After the establishment of the fund, the promoters withdraw from the fund operation and cannot enjoy the rights of the parties to the fund contract and assume corresponding obligations.

2. The legal status of foundation promoters should be positioned in the protection of investors' interests, which plays a key role in the healthy development of funds and investor protection, and their decisions are closely related to investors' interests.