1. Foundation refers to a non-profit legal person established in accordance with the provisions of these regulations by using the property donated by natural persons, legal persons or other organizations for the purpose of engaging in public welfare undertakings. Foundations are divided into those that raise funds for the public and those that are not allowed to raise funds for the public. According to the geographical scope of fundraising, public offering foundations are divided into national public offering foundations and local public offering foundations.

2. Charitable foundation is a kind of foundation.

3. Securities investment funds are investment products of fund companies and have nothing to do with foundations.