What are the characteristics of the foundation?
1, public welfare: the foundation has public welfare, because the funds of the foundation mainly come from public welfare donations. The important purpose of setting up the foundation is actually to complete public welfare, and the relevant personnel of the foundation realize its public welfare in the form of holding activities;
2. Not for profit: All donors and their staff of the Foundation can't get income from the Foundation, and the Foundation should not get funds in other forms except donations;
3. Non-governmental organizations: foundations are composed of government departments alone, and foundations have different operating mechanisms and management systems;
4. Private placement of equity funds: Only credible foundations will be welcomed by donors.
To sum up, all the donors and their staff of the foundation can't get benefits from the foundation, and the foundation should not get funds in other forms than donations; The foundation is not a profit-making legal person, but a non-profit legal person. Foundation, alias charitable foundation, refers to a non-profit legal person established with public welfare as the key purpose according to the funds donated by general partners and other relevant provisions of the state.
Legal basis:
Article 2 of the Regulations on the Administration of Foundations
The term "foundation" as mentioned in these Regulations refers to a non-profit legal person established in accordance with the provisions of these Regulations to engage in public welfare undertakings by using the property donated by natural persons, legal persons or other organizations.