The foundation, also known as charity foundation, was established for the purpose of non-profit. At present, some people use the vision of the foundation to give loans to international students. , nominally non-profit, but the concept is also vague. In short, a foundation refers to a non-profit legal person established in accordance with the Regulations on the Administration of Foundations with the purpose of engaging in public welfare undertakings and using the property donated by natural persons, legal persons or other organizations.

So here are some conditions for the foundation to be established:

1. Can I set up a foundation in my own name?

Yes, according to the Regulations on the Administration of Foundations, any individual, company or organization can set up a foundation, as long as the natural person can independently bear the relevant civil liabilities for setting up a foundation.

2. What are the requirements for fundraising methods in the conditions for the establishment of public welfare foundations?

At present, there are generally two ways for foundations to raise funds. One is to raise funds for charitable projects for unspecified people, which is what we call a public offering foundation, and the other is to raise funds for specific people, which is a private charitable foundation.

3. What are the requirements for the original fund during the establishment of the public welfare foundation?

Generally speaking, foundations raised nationwide have a higher initial capital requirement, which requires 8 million yuan in cash, followed by local public welfare foundations, with an initial capital requirement of only 4 million yuan. The lowest is a non-public charitable foundation that cannot raise money from the public, and 2 million is enough.

4. Specific requirements

There are many requirements for setting up a new foundation, such as having a fixed place, relevant articles of association and full-time staff suitable for activities. In fact, it is not easy to set up a foundation, and the conditions and procedures for its establishment are very difficult. Need to prepare a large number of documents, each document preparation should be professional, in line with the corresponding norms.

5. What department materials should be submitted to set up a foundation?

Different types of charitable foundations will submit materials at different departmental levels. For example, Beijing needs to submit materials to the municipal civil affairs department, and the provincial level needs to submit materials to the provincial civil affairs department.

6. How long does it take to set up a charitable foundation?

The approval time and difficulty of civil affairs departments at all levels are different, and the requirements and policies of provinces and cities are also different. If it is fast, it will be established in 20 days, and if it is slow, it will take half a year.

The above are some matters about the conditions and process of foundation establishment, which must be combined with the local actual situation before handling.