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Conditions for setting up charitable foundations
The establishment of a foundation shall meet the following conditions:

(1), established for a specific public purpose;

(2) The original fund of a public fund is not less than 8 million yuan, the original fund of a local public fund is not less than 4 million yuan, and the original fund of a non-public fund is not less than 2 million yuan; The original funds must be the money received.

(3) Having a prescribed name, articles of association, organizational structure and full-time personnel suitable for its activities;

4. Have a fixed residence;

⑤ Being able to bear civil liability independently;

6. Personnel requirements: chairman 1, vice chairman 1, secretary 1, supervisor 1, director 1, and 4 employees (stable employees, such as finance and cashier).

What are the advantages of setting up a foundation?

(1) For enterprises, the establishment of corporate charitable foundations can enable enterprises to donate money and materials abroad, improve their reputation and make contributions to society. However, due to the limitation of corporate charitable funds, enterprises cannot call on the society to raise funds. Corporate charitable investment is also conducive to social development;

(2) For Public Offering of Fund, the establishment of a public offering charity foundation can allow ordinary people who are capable and willing to join the organizations that help the disadvantaged groups, expand the scope of charity, and give everyone who wants to do charity a chance to do charity.