The full name of Fiona Fang Foundation is Fiona Fang Guozhen Foundation. Not a state unit, but a non-governmental organization.

foundation refers to a non-profit legal person established in accordance with the provisions of these regulations with the purpose of engaging in public welfare undertakings by using the property donated by natural persons, legal persons or other organizations.

foundations are divided into those that raise money for the public and those that are not allowed to raise money for the public. According to the geographical scope of fundraising, public offering foundations are divided into national public offering foundations and local public offering foundations. According to the Regulations on the Administration of Foundations, foundations must be registered with the civil affairs department before they can operate legally. By its nature, foundations are non-profit organizations.

Extended information:

Features of foundations:

As a basic social organization and institutional form, foundations are different from governments, enterprises and ordinary non-profit organizations. The basic characteristics of foundations are public welfare, non-profit, non-government and trust.

1. Commonweal

The commonweal of foundations is embodied in three aspects: first, foundations originate from donations and are institutionalized and organized forms of charitable donations; Second, the foundation has a clear public welfare purpose; Third, the foundation has a clear public welfare purpose and benefits specific groups and the whole society through various project activities. Public welfare determines that the foundation is a social welfare organization in essence.

2. Non-profit

Non-profit is embodied in the operation and management of the foundation and its corresponding system norms, which are manifested in three aspects: first, there is a non-profit distribution and income restraint mechanism, which requires the donors and actual trustees of the foundation not to benefit from the foundation's property and its operation; Second, there is a non-profit organization operation and management mechanism, which requires the foundation to have a self-control mechanism to effectively avoid higher risks and higher returns; Third, there is a non-profit property preservation mechanism, which requires the foundation not to change the property and property rights structure by other means than donation.

3. Non-government

The non-government of foundations is the main feature that distinguishes them from the government, which is manifested in three aspects: First, the foundation is different from the government in its decision-making system and is an independent legal person with independent decision-making and autonomy; Second, the foundation is different from the government in governance structure, and it is a democratic and open social organization; Third, the foundation is different from the government in operating mechanism, and it is an organization that pursues core competitiveness and survives the fittest in the market.

4. Trust of funds

A foundation is a collection of public property formed on the basis of donations, which exists in the form of funds. It has two meanings: First, the foundation is a trust relationship in essence, which is a public trust between donors, trustees and beneficiaries around public property, and good credibility is its core value; Second, the foundation is a collection of properties in the form of public welfare property, and maintaining and increasing the value through effective property operation is the embodiment of its vitality.