This question examines the conditions for setting up a foundation. According to the Regulations on the Administration of Foundations, a foundation should be established for a specific public welfare purpose (hence mistake A), with a standardized name, articles of association, organization and full-time staff suitable for its activities (correct D), a fixed residence and the ability to bear civil liabilities independently. In addition, the original funds must be the money received and reach the specified amount (so C is wrong). The original fund of the national public fund is not less than 8 million yuan (B error), the original fund of the local public fund is not less than 4 million yuan, and the original fund of the non-public fund is not less than 2 million yuan. So choose D.