basis
A foundation refers to a non-profit legal person established for the purpose of engaging in public welfare undertakings by using the property donated by natural persons, legal persons or other organizations in accordance with the provisions of these regulations. 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. According to the Regulations on the Administration of Foundations, foundations must be registered with the civil affairs department before they can operate legally. Essentially, foundations are non-profit organizations. The mature development of the foundation was first realized in the United States.
American foundations began to flourish after the 20th century. 1900 Carnegie Foundation and Rockefeller Foundation are two of the earliest established foundations. Founded in 1936, the Ford Foundation is funded by the Ford family, with billions of dollars of funds, and its projects are spread all over the world and have a wide influence.
198 1 year, the first foundation in China was established. Later, with the development of society and the change of government policies, foundations in China have made great progress. The development of foundation industry in China has gone through several stages.