in the past,The foundation is classified as a corporate body。But foundations are not based on people,It is an organization based on property,This is fundamentally different from the basic characteristics of a society that is composed of members。The nature of foundations in the country、The establishment conditions and procedures are stipulated。According to relevant regulations,The threshold for establishing a foundation is relatively high。in addition,"Foundation Management Regulations" stipulates,A foundation is a non-profit organization。
can be safe、Preserve and increase the value of foundation assets through reasonable means。However, the foundation management regulations also
Require
,Foundation expenditures for public welfare undertakings,Not less than the current year’s income (donations accepted、70% of capital operating income)。
Foundation members are made up of:Chairman、Vice Chairman、director、Secretary Su、Supervisors and other members,All decisions of the company are subject to a vote by the board of directors,and keep meeting minutes;Management and use of charitable foundation property:
- Representative offices of overseas foundations are not allowed to organize fund-raising in China.、Donations accepted。
- Publicly raised foundations are used every year to engage in public welfare expenditures stipulated in the charter.,No less than 70% of the total income of the previous year; Non-public foundations are used every year to engage in public welfare expenditures stipulated in the charter.,No less than 8% of the fund balance of the previous year。 Foundation staff salaries, benefits and administrative office expenses shall not exceed 10% of the total expenses for the year。
- The foundation shall submit the work report of the previous year to the registration management** before March 31 of each year.,Get an annual inspection。The annual work report must be reviewed and approved by the business supervisory unit before being submitted to registration management.。The annual work report should include:financial accounting report、CPA audit report,Start a fundraiser、Donations accepted、The provision of funding and other activities, as well as changes in personnel and institutions, etc.。
Foundations should be taxed、Tax supervision and accounting supervision implemented by the accounting authorities in accordance with the law。Before the foundation changes its term of office and changes its legal representative,Financial audit should be carried out。Necessary conditions for establishing a new charitable foundation:personnel、site、initiating funds、Sponsoring company, etc.;Why are foundations divided into two categories: public foundations and non-public foundations? answer:The Regulations divide foundations into two categories: public foundations and non-public foundations.,Implement classified management。
The difference between the two lies in the source of the fund:Public foundations can raise funds from the public;The funds of non-public foundations come from donations from specific individuals or organizations.,No funds may be solicited from the public。The existing foundations in my country are mainly public foundations,It’s for the society、A foundation that collects donations from the general public。In the history of the development of foreign foundations,,A large number of individuals and corporate donations have emerged,Foundation established in one's own name。
This type of foundation is a non-public foundation,It is an important type of foundation,Because it has abundant financial resources、Stablize,Operational performance is related to the reputation of the donor,So these types of foundations tend to work well,Contributed greatly to public welfare undertakings。The "Regulations" provide classified management of foundations,Explicitly allow the establishment of non-public foundations。
Can achieve two purposes:on the one hand,Strictly manage fundraising activities for the public,Maintain order in fundraising,Control competition in the fundraising market,Reduce public burden,maintain social stability;on the other hand,liberalization policy,allow wealthy individuals、Enterprises, etc. set up non-public foundations,Enable them to realize their donation wishes more autonomously,enable them to contribute to social welfare while,It can also bring good social benefits to itself。
In short,We encourage funding of public welfare projects to rely more on wealthy individuals or companies。Guangdong and Hong Kong license plates、Shenzhen Hazardous Chemicals Business License、Shenzhen labor dispatch licenseandShenzhen Charity Foundationapplication services,Assist customers to applyShenzhen travel agency business license、Shenzhen pawn shop business license、Shenzhen auction house license and other mainstream domestic financial licenses,Support enterprises to achieve compliance expansion of cross-border financial business。Also availableODI overseas investment registration、International travel agency registration and other services,Help enterprises expand their presence in international markets。Provide one-stop compliance solutions for enterprises。To learn more,Please contactHong Kong Information Communications Consultant。
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