Public welfare funds are generally private non-profit organizations.

Its purpose is to promote the development of social science, culture and education, social welfare assistance and other public welfare undertakings through free funding.

Funds from the foundation have a clear purpose and use.

Foundations flourished in the 20th century.

The Carnegie Foundation and the Rockefeller Foundation in 1900 were the most famous.

The Ford Foundation, established in 1936, is funded by the Ford family and has billions of dollars.

It has become the largest foundation in the world.

Other large foundations around the world include: John Guggenheim Memorial Foundation, Danforth Foundation, Kellogg Foundation, etc.

After the 1980s, Chinese foundations have also achieved considerable development. The executive meeting of the State Council passed the Foundation Management Measures in September 1988, which stipulated a series of regulations on the nature of foundations, establishment conditions, fundraising methods, fund use and management, etc.

Matters are stipulated.

Established foundations in China include China Elderly Foundation, China Disabled Persons Welfare Foundation, China Welfare Foundation, Soong Ching Ling Foundation, China Youth Development Foundation, etc.