The foundation is an organization mainly engaged in public welfare undertakings. Generally speaking, foundations have three sources of funds, namely legal person investment, social donations and donations from other institutions. In real economic life, foundations are generally non-profit and their main purpose is to serve social welfare undertakings.

Introduction to the Foundation

Historically, the United States was the first country to establish a foundation. After the 20th century, foundations in the United States developed vigorously, with the Carney Foundation and the Rockefeller Foundation being among the earliest foundations. As a basic form of social existence, foundations are completely different from governments and enterprises. Their greatest characteristics are their non-profit and public welfare nature. Foundations can be divided into two categories based on whether they need to raise funds from the public, namely foundations that raise funds from the public and foundations that do not. According to the division of foundation scope, funds can be divided into national foundations and local applications.