In 2004, Article 3 of the Regulations on the Management of Foundations promulgated by China defined public offering as soliciting donations from the public. According to the geographical scope of fundraising, public offering foundations are divided into national public offering foundations and local public offering foundations. For publicly funded organizations, resources come from voluntary donations from the public, which is not mandatory in the financial mechanism and not transactional in the market mechanism, but determined by the public's willingness to donate. Generally speaking, the credibility of a public offering foundation means that the public offering foundation publicly explains the flow of various resources obtained by the institution, and explains whether various operations are effective and conform to the purpose of the institution and its social commitment, so as to prove that it is a reliable institution.

China's Regulations on Foundation Management distinguishes between public offering and non-public offering. Non-public offering foundations, similar to foreign enterprise foundations and family foundations, are mainly initiated by specific groups and only raise funds in small circles; Public offering foundations have a high degree of public participation and can raise funds from unspecified majority in society.

There is no difference between these two foundations. Generally speaking, some social innovative and experimental public welfare projects are better based on non-public offering foundations; In the fields of poverty alleviation, poverty alleviation and disaster relief, public offering foundations are more suitable for mobilizing public participation.

However, due to the strong publicity and wide coverage of public offering foundations, the China Municipal Government is strict in the examination and approval management of public offering foundations. By the end of 20 12, there were 13 16 public offering foundations in China, most of which were initiated by the government and belonged to typical government-run charities.

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.

The original funds must be the money received.