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How to establish a family foundation
Procedure:

1, decide the purpose of the foundation.

Every foundation should have a paper purpose to express its reason for existence.

2. Set up a committee.

The initial board will help the working team to turn the ideas behind the foundation into reality through planning and financing. With the development and maturity of the foundation, the nature and composition of the board of directors will also change.

3. Draft articles of association.

The articles of association are the operating rules of the board of directors, which should be adopted by the board of directors in the early stage of foundation development.

4. Prepare the original funds needed for registration. The original funds must be the received monetary funds.

5. Select the competent business department and obtain the documents approved by the competent business unit.

According to the latest policy, some areas don't need to find a business department.

6. Find office space and recruit suitable employees.

7. Fill in the application for legal person registration, determine which civil affairs department to register in, and submit the application for legal person registration to the civil affairs department.

The civil affairs departments of the State Council and the people's governments of provinces, autonomous regions and municipalities directly under the Central Government are the registration management organs of the Foundation.

8. Carry out strategic planning.

The strategic plan expresses the vision of the foundation's potential. Strategic planning should describe the necessary steps to realize this potential, decide what kind of work team is needed to realize this opportunity, and determine the project and operational priorities for at least one year.

9. Make budget plans and resource development plans.

Financial supervision and resource development (such as raising funds, obtaining income and absorbing membership fees) are the most important duties of the Council. The budget and financial plan must clearly describe the resources needed to realize the strategic plan.

10. Establish the filing system of foundation official documents.

Registration documents, minutes of board meetings, financial reports and other official documents shall be properly filed.

1 1. Establish an accounting system.

Due diligence management of foundation finance needs an established accounting system that can meet current and future needs.

Extended data

According to Article 4 of the Regulations on the Administration of Foundations

Foundations must abide by the Constitution, laws, regulations, rules and national policies, and must not endanger national security, unity and national unity, or violate social morality.

Article 5 The foundation shall follow the principle of openness and transparency when engaging in public welfare activities in accordance with its articles of association.

Article 6 The civil affairs departments of the State Council and the people's governments of provinces, autonomous regions and municipalities directly under the Central Government are the registration and management organs of foundations.

The State Council Civil Affairs Department is responsible for the registration management of the following foundations and foundation representative offices:

(1) National Public Offering Foundation

(2) Foundations with non-mainland residents as their legal representatives;

(three) the original fund is more than 20 million yuan, and the promoters apply to the civil affairs department of the State Council for the establishment of a non-public offering foundation.

(4) The representative offices established in Chinese mainland by overseas foundations.

The civil affairs departments of the people's governments of provinces, autonomous regions and municipalities directly under the Central Government shall be responsible for the registration and management of mainland public and non-public foundations that do not fall under the circumstances specified in the preceding paragraph.

Article 7 The relevant departments in the State Council or organizations authorized by the State Council are the competent business units of foundations and representative offices of overseas foundations registered by the civil affairs department of the State Council.

The relevant departments of the people's governments of provinces, autonomous regions and municipalities directly under the Central Government or organizations authorized by the people's governments of provinces, autonomous regions and municipalities directly under the Central Government are the competent business units of foundations registered by the civil affairs departments of the people's governments of provinces, autonomous regions and municipalities directly under the Central Government.

Refer to Baidu Encyclopedia-Basic