Non-profit organizations whose nature, purpose and sources of funds are in line with social groups at home and abroad, and other organizations and individuals who voluntarily donate funds for management are social groups and legal persons.
The registered capital is more than100000 yuan (or there is foreign exchange equivalent to100000 yuan); ?
Having the foundation's articles of association, management organization and necessary financial personnel; ?
Have a fixed workplace.
References:
Functions of the foundation
Social welfare that can be used on a large scale is gathered in a voluntary way. According to incomplete statistics, by the end of the 20th century, the total fund assets in the United States were $480 billion, and the annual funds provided to the society reached $30 billion, with a total of 56,000 foundations. According to incomplete statistics, there are as many as 654.38 million funds in European countries, and there are also a large number of funds in developing countries in China.
The purpose of the foundation is to serve the future of all mankind. In order to realize the dream of a better society, the foundation needs to think about itself and realize an innovation in its own development.
Foundation is an institutional model with legal person as the main body, which can raise more funds than other non-profit organizations, so that modern foundations have the ability of sustainable development to adapt to new social needs and changes of the times.
Foundations are the propeller of civil society development. Civil society emphasizes everyone's ability to act independently. The foundation has changed the traditional social structure and wealth structure, which not only promotes the gathering of social wealth outside the government and enterprise departments, but also gives the control of social resources to citizens' representatives through the public welfare operation of the foundation, centralizes the scattered citizens' will, returns citizens' rights to citizens, and promotes the development of civil society.
Reference link: Foundation Management Measures-Government official website