The main tasks of the Foundation are to raise, use and manage the welfare fund for the elderly, set up welfare undertakings for the elderly, and exchange and cooperate with overseas Chinese, compatriots in Hong Kong and Macao, international friendly groups and friendly people on matters related to the welfare fund for the elderly. The purpose of this foundation is to promote the whole society to pay attention to, respect and care for the traditional virtues of the elderly, rely on the strength of all sectors of society to set up welfare undertakings for the elderly, better serve and raise necessary funds, so that the elderly can have a sense of security, a sense of worthiness, a sense of learning, a sense of happiness, a healthy and long life and enjoy their old age.