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How do institutions set up charitable funds?

according to its nature, charitable foundations can be divided into two forms: public offering and non-public offering. The form of corporate charitable foundations belongs to the latter, that is, foundations have no right to raise donations from the society. According to Article 8 of the Regulations on the Management of Foundations promulgated by the State Council on June 1, 24, the conditions for the establishment of corporate charitable foundations are as follows: ① set up for a specific public welfare purpose; (2) The original fund of the non-public offering foundation is not less than 2 million yuan, and the original fund must be monetary funds received; (3) having a standardized name, articles of association, organization and full-time staff suitable for its activities; (4) having a fixed residence; ⑤ Be able to bear civil liability independently. To apply for an enterprise charitable foundation, the following documents shall be submitted to the registration authority (Civil Affairs Department): 1. Application; 2. Draft articles of association; 3. capital verification certificate and residence certificate; 4. List of directors, identity certificates and resumes of the proposed chairman, vice-chairman and secretary-general; 5, the competent business unit agreed to set up the document.