Detailed introduction of charitable foundations
Charitable foundation refers to the use of related property donated by social members to engage in related public welfare activities. Among them, according to the relevant regulations, charitable foundations are generally established by non-profit-making natural persons and legal persons, and the foundations are divided according to whether they raise funds for the public and the coverage of public welfare projects.
Among them, the establishment of charitable foundations requires certain application conditions before they can be established normally. The specific requirements include that the sponsors have a clear public welfare purpose, the national foundation must set up a fund of more than 8 million yuan and the local fund of more than 4 million yuan, have a standardized organizational structure and a fixed workplace, and the institutional sponsors can bear corresponding civil liabilities.