As a basic social organization and institutional form, foundation is different from government, enterprises and general non-profit organizations. The basic characteristics of foundations are public welfare, non-profit, non-government and fund trust.

1. The public welfare of public welfare foundations is reflected in three aspects:

First, the foundation comes from donation, which is an institutionalized and organized form of public welfare donation;

Second, the foundation has a clear public welfare purpose;

Third, the foundation has a clear public welfare purpose and benefits specific groups and the whole society through various project activities. Public welfare determines that the foundation is essentially a social welfare organization.

2. Non-profit and non-profit are embodied in the operation and management of the foundation and its corresponding system norms, which are embodied in three aspects:

First, there is a non-profit distribution and income restraint mechanism, which requires the donors and actual trustees of the foundation not to benefit from the property of the foundation and its operation;

Second, there is a non-profit organization operation and management mechanism, which requires the foundation to have a self-control mechanism to effectively avoid higher risks and obtain higher returns;

Third, there is a non-profit property preservation mechanism, which requires the foundation not to change the property and property rights structure by other means than donation.

3. The non-governmental nature of private foundations is the main feature that distinguishes them from the government, which is manifested in three aspects:

First, the foundation is different from the government in decision-making system, and it is an independent legal person with independent decision-making power and autonomy;

Second, the foundation is different from the government in governance structure, and it is a democratic and open social organization;

Third, the foundation is different from the government in operating mechanism, and it is an organization that pursues core competitiveness and survives the fittest in the market.

4. Fund Trust Fund is a collection of public welfare properties formed on the basis of donations, which exists in the form of funds and has two meanings:

First, the foundation is essentially a trust relationship, a public trust among donors, trustees and beneficiaries around public property, and its core value is good credibility;

Second, the foundation is a collection of property in the form of public welfare property, and maintaining and increasing the value through effective property operation is the embodiment of its vitality.

First, social welfare that can be used on a large scale is gathered in a voluntary way. According to the Analysis Report on the Operation and Governance Model of the China Foundation from 2065438 to 2020, according to incomplete statistics, by the end of the 20th century, the total fund assets in the United States were 480 billion US dollars, and the annual funds provided to the society were as high as 30 billion US dollars, with a total of 56,000 foundations. According to incomplete statistics, there are as many as 654.38 million funds in European countries, and there are also a large number of funds in developing countries in China.

Second, the purpose of the foundation is to serve the future of all mankind. In order to realize the dream of a better society, the foundation needs to think about itself and realize an innovation in its own development.

Third, the foundation is an institutional model with legal person as the main body, and the funds it can raise are higher than those of other non-profit organizations, which makes the modern foundation have the ability of sustainable development to adapt to the new social needs and changes of the times.

Fourth, foundations are the propeller of the development of civil society. Civil society emphasizes everyone's ability to act independently. The foundation has changed the traditional social structure and wealth structure, which not only promotes the gathering of social wealth outside the government and enterprise departments, but also gives the control of social resources to citizens' representatives through the public welfare operation of the foundation, centralizes the scattered citizens' will, returns citizens' rights to citizens, and promotes the development of civil society.

Legal basis:

Article 8 The establishment of a foundation shall meet the following conditions:

(1) Established for a specific public welfare purpose;

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

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

(4) Having a fixed residence.

(5) Being able to bear civil liability independently.

Article 9 To apply for the establishment of a foundation, the applicant shall submit the following documents to the registration authority:

(1) Application Form

(2) Draft articles of association;

(3) capital verification certificate and residence certificate

(4) The list of directors, identity certificates and resumes of the proposed chairman, vice-chairman and secretary-general;

(5) The document that the competent business unit agrees to set up.