Yes The foundation needs to spend on public welfare undertakings, including public welfare project expenditure and management expenses. Among them, the proportion of public welfare project expenditure shall not be less than 70% of the total income of the foundation. According to China's Regulations on the Management of People's Republic of China (PRC) Foundation, the "total income" of the foundation refers to all the income obtained by the foundation in a certain period of time, including original funds, unrestricted donations and other income.