A charitable foundation is an organized individual, enterprise or social group, which raises funds for the disabled and other vulnerable groups free of charge through various means. The established organizations are usually called charities. Its role is mainly reflected in the first article of the Regulations; The nature, establishment conditions and procedures of foundations are stipulated in the National Regulations on the Management of Foundations. According to relevant regulations, the threshold for setting up a foundation is relatively high. In addition, the Regulations on the Administration of Foundations stipulates that foundations are non-profit organizations. You can preserve and increase the value of foundation assets in a safe and reasonable way. However, the Regulations on the Administration of Foundations also require that the expenditure of foundations for public welfare undertakings shall not be less than 70% of the income of the current year (income from donations and capital operation). The Regulations consist of 7 chapters and 48 articles. Compared with the Measures for the Administration of Foundations promulgated by 1988, this regulation is not only richer in content, but also more complete in system, which can be said to be a redrafting of the Regulations on the Administration of Foundation Registration. The "Regulations" runs through the guiding principles that emphasize cultivation and development from beginning to end, so as to standardize management and promote the healthy development of foundations. Under this guiding principle, the "Regulations" mainly embodies the following eight important features. 1. The Regulations clarify the public welfare nature of foundations and emphasize the importance of public welfare purposes. Public welfare is the essential feature of the foundation and the sole purpose of its establishment. Ensuring the public welfare of foundations is the fundamental task of the Regulations. The beneficiaries of non-profit organizations are usually unspecified individuals and groups, and any individual or group can accept its funding as long as it meets the requirements of its purpose and business scope. The fund of the foundation comes from and serves the society. In order to achieve this goal, the regulations have made many clear provisions. For example, the foundation is defined as "a non-profit legal person established in accordance with the provisions of this Ordinance for the purpose of using the property donated by natural persons, legal persons or other organizations to engage in public welfare undertakings", emphasizing the public welfare nature of the foundation to distinguish it from other trust and investment funds, for-profit fund management organizations and other non-governmental public welfare organizations. The public welfare nature of the foundation determines that its property must be used for public welfare purposes and protected. Paragraph 1 of Article 27 of the Regulations stipulates: "The property and other income of the Foundation shall be protected by law, and no unit or individual may privately divide, occupy or misappropriate it." Article 33 also stipulates: "The remaining property after the cancellation of the foundation shall be used for public welfare undertakings in accordance with the provisions of the articles of association; If it cannot be handled in accordance with the provisions of the articles of association, the registration authority shall organize donations to social welfare organizations with the same nature and purpose as the foundation, and make an announcement to the public. " Different foundations will target different groups in need, which can be found on the foundation's website.