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The difference between foundation and private non-corporate taxation

The nature of the organization is different, the sources of funds are different, etc.

Different natures of organizations: A foundation is a public welfare organization whose purpose is to develop public welfare undertakings and improve social welfare. Private non-enterprises refer to non-profit organizations voluntarily established by natural persons, legal persons or other organizations.

Different sources of funds: The foundation’s funds mainly come from donations, bequests, the foundation’s own property, etc., and do not rely on profit-making activities. The sources of funds for private non-enterprises are more flexible and can be obtained through various methods such as donations, membership fees, and service charges.