Foundations belong to social organizations. Foundations generally refer to non-profit legal persons who engage in public welfare undertakings by using the property donated by natural persons, legal persons or other organizations. Foundations are divided into those that raise funds for the public and those that are not allowed to raise funds for the public. According to the Regulations on the Administration of Foundations, foundations must be registered with the civil affairs department before they can operate legally.

The development of foundations in China has roughly gone through four stages, and it is in the initial stage at 198 1- 1987; 1988- 1996, in the triple supervision stage; 1997-2003, in the cleaning-up and rectification stage; Since 2004, it has been in the stage of rapid development.

The characteristics of foundations include public welfare, non-profit, non-government and trust of funds. The public welfare of the foundation is reflected in three aspects: first, the foundation comes from donations; Second, the foundation has a clear public welfare purpose; Third, the foundation has a clear public welfare purpose.

When a foundation is established, it must meet certain conditions, such as being established for a specific public welfare purpose; Have a fixed residence; Be able to bear civil liability independently; The original fund of the national public offering foundation is not less than 8 million yuan; Having a standardized name, articles of association, organization, etc.