A foundation legal person refers to a legal person established with funds for the purpose of social welfare. It has independent property rights. The foundation does not have its own members or members, and the managers of the foundation are not members of the foundation. The change of managers should not affect the existence of the foundation.

Legal objectivity:

"Regulations on the Administration of Foundations" Article 2 The term "foundation" as mentioned in these regulations refers to a non-profit legal person established for the purpose of engaging in public welfare undertakings by using the property donated by natural persons, legal persons or other organizations in accordance with the provisions of these regulations. Regulations on the Administration of Foundations Article 3 Foundations are divided into public offering foundations (hereinafter referred to as public offering foundations) and non-public offering foundations (hereinafter referred to as non-public offering foundations). According to the geographical scope of fundraising, public offering foundations are divided into national public offering foundations and local public offering foundations.