According to reports, the Charity Blue Book released in Beijing on June 14 showed that China’s social donations in 2016 were approximately 134.6 billion yuan.

In addition, the report also pointed out that China’s total lottery sales reached 394.64 billion yuan in 2016, raising lottery public welfare funds of 103.9 billion yuan.

The report said that the report showed that as of December 31, 2016, among the 3,980 non-public foundations across the country, foundations initiated by enterprises and universities performed very well. By the end of 2016, there were 763 foundations initiated and established by enterprises.

Accounting for 19.17% of the total number of non-public foundations nationwide.

Among them, there are 179 enterprise foundations in Guangdong Province, ranking first in the country.

According to statistics, as of the end of 2016, universities had the largest number of foundations initiated and established, reaching 466, accounting for 66% of the total number of school foundations in the country, which was 2.8 times the total number of foundations initiated and established by primary and secondary schools (165).

Among them, the end-year net assets of the education foundations of Tsinghua University and Peking University respectively ranked in the top two of all foundations in the country.

It is reported that it currently has the natural advantage of gathering alumni resources, and the school foundation has played an important role in promoting the development of education, such as carrying out school construction and providing scholarships and assistance.