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What is naked donation?

all-out donation: donate all personal assets in a specific range

American laws on charitable funds stipulate that only 5% of the money needs to be spent every year, and the remaining 95% can be used for investment, so that the principal of charity can be continuously enlarged, thereby increasing its value and continuing to do charity. This is why funds such as Rockefeller can last for a hundred years. [1] At present, the regulation of China on Public Offering of Fund is that the expenditure of the foundation for public welfare undertakings shall not be less than 7% of the income of the current year (income from donations and capital operation). If a person donates all his assets, it will cost 7% that year, and the money will disappear in about three years. When Bill Gates, the richest man in the world, announced his retirement, he donated all his personal assets of $58 billion to the foundation under his and his wife's name, creating the most "naked donation". In 23, the Gates Foundation received a return on investment of $3.9 billion with a capital of $26.8 billion, with a profit rate of about 15%. As long as 5% of the total assets are donated every year, the whole foundation can benefit from tax reduction and exemption, which is a "way to make money" in capitalism. In short, the United States has some sound and clear laws and regulations, which constitute the rules of the game of sustainable development funds, but China does not have such rules at present.