Beijing Laoshe Literature and Art Foundation is a social legal person initiated by Beijing Federation of Literary and Art Circles and approved and registered by Beijing Association Management Office. 1988 Since its establishment in May, the Lao She Literature Award has been established by collecting funds from people and organizations from all walks of life who are enthusiastic about literature and art at home and abroad, commending outstanding literary and artistic works and talents, carrying out cultural exchanges between China and foreign countries, and promoting the prosperity and development of literature and art..

In order to make Lao She's literature and art play a greater role, on the basis of the original consultant, a number of central and Beijing leaders in charge of literature and art participated, and an advisory committee was formally established. More than 30 people, including Li, Li, Jin, Lu, etc., form the Advisory Committee of Lao She's Literature and Art Fund, and Jia Qinglin is the honorary chairman.