● Established for specific public welfare purposes;

● 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 money received;

● It has a standardized name, articles of association, organization and full-time personnel suitable for its activities;

● Have a fixed residence;

● Be able to bear civil liability independently.

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

● Application;

● Draft articles of association;

● capital verification certificate and residence certificate;

● List of directors, identity certificates and resumes of the proposed chairman, vice-chairman and secretary-general;

● Documents approved by the competent business unit.

The articles of association of the foundation must specify the public welfare nature of the foundation, and shall not specify the contents that will benefit specific natural persons, legal persons or other organizations. The articles of association of the foundation shall specify the following items:

● Name and domicile;

● Establish the purpose and business scope of public welfare activities;

● Original fund amount;

● Composition, powers and rules of procedure of the Council, qualifications, procedures and term of office of directors;

● Responsibilities of the legal representative;

● Duties, qualifications, production procedures and term of office of supervisors;

● Preparation and review system of financial and accounting reports;

● Property management and use system;

● Conditions and procedures for the termination of the foundation and the disposal of the property after termination.

The registration authority shall, within 60 days from the date of receiving all valid documents listed in Article 9 of these Regulations, make a decision on whether to approve or disapprove the registration. If the registration is approved, it shall be issued with the Certificate of Registration of Foundation as a Legal Person; If the registration is not granted, the reasons shall be explained in writing. The contents of foundation establishment registration include: name, domicile, type, purpose, business scope of public welfare activities, original fund amount and legal representative. (Excerpted from the Regulations on the Administration of Foundations, which came into effect on June 1 2004)

General structure of non-public offering foundation

The overall structure of the foundation consists of the board of directors, the board of supervisors and general institutions.

The foundation has a board of directors consisting of 5 to 25 directors. The term of office of directors shall be stipulated in the articles of association, but each term shall not exceed 5 years. Upon expiration of the term of office, directors may be re-elected. For a private fundraising foundation established with private property, the total number of directors of the foundation who have close relatives with each other shall not exceed one third of the total number of directors; Other foundations with close relatives may not serve on the board of directors at the same time. Directors who receive remuneration from the foundation shall not exceed one third of the total number of directors. The board of directors shall have a chairman, a vice-chairman and a secretary-general, elected from among the directors. The chairman is the legal representative of the foundation. The board of directors is the decision-making body of the foundation and exercises its functions and powers as stipulated in the articles of association according to law. The Council shall meet at least twice a year. Board meetings can only be held when more than two thirds of the directors are present; The resolution of the board of directors shall be valid only if it is approved by more than half of the directors present. Minutes of meetings of the board of directors shall be made, which shall be reviewed and signed by the directors present.

The foundation shall have supervisors. The term of office of a supervisor is the same as that of a director. Directors of the foundation, their close relatives and accountants may not concurrently serve as supervisors. The supervisor shall check the financial and accounting information of the Foundation in accordance with the procedures stipulated in the Articles of Association, and supervise the compliance of the Board of Directors with laws and articles of association. The supervisor has the right to raise questions and suggestions to the board of directors, and report the situation to the registration authority, the competent business unit and the competent tax and accounting departments. (Excerpted from the Regulations on the Administration of Foundations, which came into effect on June 1 2004)

General institutions mainly include investment management departments and project examination and approval departments. The following is an example of the organizational structure of a non-public offering foundation.

About non-public offering foundation

Development of domestic non-public offering foundations

From July 28th 198 1, the first public welfare foundation in China, China Children and Teenagers Foundation, was established. Our foundation has gone through nearly 30 years of development. Most of the foundations in China are public foundations, and the development of non-public foundations started late. The beginning of the history of non-public offering foundations, to be precise, should start from the date of the promulgation of the Regulations on the Management of Foundations in 2004. With the promulgation of the new Regulations, foundations are divided into public foundations and non-public foundations for the first time, which is a pioneering work in the world. With the lowering of the threshold for setting up non-public offering foundations, the objective result is to encourage private forces to actively participate in setting up non-public offering foundations. With the formal establishment of the national "00 1" non-public offering foundation-Xiangjiang Social Assistance Foundation, a number of non-public offering foundations have been put into public welfare undertakings in China.

Since the implementation of the Regulations on the Management of Foundations in June 2004, China's non-public foundations have developed rapidly. In 2006, the total number of national foundations was 1 144, and the number of non-public foundations increased to 349. In 2007, according to the latest data released by the Ministry of Civil Affairs, the number of national foundations increased to 1369, including 436 non-public foundations, and the growth rate of non-public foundations far exceeded that of public foundations. Among them, local non-public offering foundations grew steadily. By the first half of 2007, the number of non-public offering foundations in Guangdong Province had increased from 1 to 34, and the number of non-public offering foundations in Shanghai was close to half of its total. In 2007, the number of non-public foundations in Beijing has accounted for 75.6% of the total. All kinds of figures show that non-public offering foundations have become the main force of public welfare undertakings. The number of non-public foundations in Beijing, Tianjin, Jiangsu, Gansu, Fujian, Hainan and other provinces and cities has exceeded that of public foundations.