Public welfare foundations can't make a profit. Charitable foundation is a non-profit legal person established in accordance with the relevant provisions of the state. Charitable foundations have four characteristics, namely, public welfare, non-profit, non-government and trust. Among the non-profit features, it is clearly stipulated that the operation of charitable foundations cannot benefit anyone, and the property of the foundation cannot be changed except for donations, while public welfare clearly indicates that all property in charitable foundations must be used for public welfare and cannot be used for other purposes.

Conditions for launching a charitable foundation

1. The promoters of charitable foundations must have the business scope of charitable purposes stipulated in the relevant articles of association of the foundation;

2. The original funds of charitable foundations must be in domestic currency. If it is a national non-public offering foundation, it must pay 20 million yuan. If it is a local non-public offering foundation, it must pay 2 million yuan.

3. The name and personnel of the charitable foundation meet the standards;

4. The promoters have a place to run the foundation;

5. The legal person of charitable foundation has the ability to bear civil liability.