Fiona Fang Group established Guangdong Fiona Fang Public Welfare Foundation in April of 20 1 1, covering education, poverty alleviation, cultural research, public welfare activities and other fields. Education includes donating money to help students, repairing school buildings, building educational facilities and developing educational research. Poverty alleviation includes participating in Guangdong's "Poverty Alleviation Day" fundraising activities, counterpart poverty alleviation projects, and subsidizing poor households.
Extended data
Characteristics of foundation
1, public welfare. The public welfare of the foundation is reflected in three aspects:
First, the foundation comes from donation, which is an institutionalized and organized form of public welfare donation;
Second, the foundation has a clear public welfare purpose;
Third, the foundation has a clear public welfare purpose and benefits specific groups and the whole society through various project activities. Public welfare determines that the foundation is essentially a social welfare organization.
2. Non-profit. Non-profit is embodied in the operation and management of the foundation and its corresponding system norms, which are embodied in three aspects:
First, there is a non-profit distribution and income restraint mechanism, which requires the donors and actual trustees of the foundation not to benefit from the property of the foundation and its operation;
Second, there is a non-profit organization operation and management mechanism, which requires the foundation to have a self-control mechanism to effectively avoid higher risks and obtain higher returns;
Third, there is a non-profit property preservation mechanism, which requires the foundation not to change the property and property rights structure by other means than donation.
3. non-governmental organizations. The non-governmental nature of the foundation is the main feature that distinguishes it from the government, which is manifested in three aspects:
First, the foundation is different from the government in decision-making system, and it is an independent legal person with independent decision-making power and autonomy;
Second, the foundation is different from the government in governance structure, and it is a democratic and open social organization;
Third, the foundation is different from the government in operating mechanism, and it is an organization that pursues core competitiveness and survives the fittest in the market.
References:
Fiona Fang official website: Guangdong Fiona Fang Public Welfare Foundation.