1) Help the poor; 2) Helping the elderly, saving orphans, loving illness, helping the disabled and giving special care; 3) Rescue the losses caused by natural disasters, accidents and public health emergencies; 4) Promoting the development of education, science, culture, health and sports; 5) Prevent pollution and other public hazards, and protect and improve the ecological environment; (6) Other public welfare activities that conform to the provisions of this Law.
According to the Regulations on the Management of Foundations, foundations can make profits through asset investment appreciation and activity fees, but they can't make profits, that is, they can't pay dividends. Non-public offering foundations shall use not less than 8% of the fund balance of the previous year for public welfare undertakings as stipulated in the articles of association. The salary, welfare and administrative expenses of the staff of the Foundation shall not exceed 65,438+00% of the total expenditure of that year.
So it can be seen that the foundation is for charity, not for profit, not for dividends.
Third, can you enjoy tax incentives when you set up a foundation?
The foundation is a charitable organization and can enjoy tax-free services. Donors and donation enterprises can enjoy tax incentives.
1) Article 6 of the Individual Income Tax Law and Article 24 of the Detailed Rules for the Implementation of the Individual Income Tax Law stipulate that if an individual donates his income to social welfare undertakings such as education and areas suffering from serious natural disasters and poverty-stricken areas through social organizations and state organs in China, the portion of his donation that does not exceed 30% of the taxable income declared by taxpayers may be deducted from his taxable income.
For example, pre-tax salary 10000 yuan, social security accumulation fund 1750 yuan and special deduction of 2000 yuan, then the maximum monthly deduction of donations is (10000-1750-2000-5000) * 0.3 = 375 yuan. In other words, under this hypothetical condition, as long as the monthly donation exceeds 375 yuan, only 375 yuan can be deducted.
2) Article 80 of China's Charity Law stipulates that the portion of corporate charitable donation expenditure that exceeds the taxable income of enterprise income tax calculated according to law in the current year is allowed to be deducted when calculating the taxable income within three years after carrying forward. The 26th meeting of the Standing Committee of the 12th NPC revised the enterprise income tax law. After revision, the part of the enterprise's donation expenditure exceeding the total annual profit 12% will be deducted when calculating the taxable income within three years after carry-over.