The foundation is a non-profit organization, not for profit. Foundations are divided into public foundations and non-public foundations. According to the geographical scope of fundraising, public offering foundations are divided into national public offering foundations and local public offering foundations. The foundation is established in accordance with the law for the purpose of engaging in public welfare undertakings and using the property donated by natural persons, legal persons or other organizations.

The civil affairs departments of the State Council and the people's governments of provinces, autonomous regions and municipalities directly under the Central Government are the registration management organs of the Foundation. The civil affairs department of the State Council is responsible for the registration and management of national public offering foundations and non-public offering foundations with original funds exceeding 20 million yuan.

There is a non-profit distribution and income restraint mechanism within the foundation, which requires the donors and actual trustees of the foundation not to obtain benefits from the foundation property and its operation. Foundations cannot change the structure of property and property rights by other means than donation.

The foundation is a public welfare property association based on donations, which has a public trust relationship and good credibility. Foundation is a property institution in the form of public welfare property, which realizes the preservation and appreciation through effective property operation.

The salary paid by the foundation cannot exceed 10% of the cost of the foundation. The foundation is not for profit, but it needs to survive and will maintain its own survival by operating effective property.