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Transformation direction of public welfare foundation
Legal. One Foundation has changed from a non-public offering foundation to a public offering foundation, and has the right to raise funds from the public. Public offering foundation refers to the foundation that raises funds for the public. Public foundations can raise funds from the public instead of issuing funds publicly. One Foundation, initiated by Jet Li in 2007, is the first private public offering foundation in China. With the vision of "doing my best to benefit everyone", One Foundation is committed to building a professional and transparent public welfare platform, focusing on three public welfare areas: disaster relief, child care and public welfare personnel training.

Regulations on the management of foundations

Article 3 Foundations are divided into public offering foundations and non-public offering foundations. According to the geographical scope of fundraising, public offering foundations are divided into national public offering foundations and local public offering foundations.

Article 25 A foundation shall organize fund-raising and accept donations in accordance with the purpose stipulated in the articles of association and the business scope of public welfare activities. The representative offices of overseas foundations shall not organize fund-raising and accept donations within the territory of China.