Shanghai Charity Foundation License Quotation

Sources of funds for non-public charitable foundations，Funds should be raised through legal channels stipulated in the management regulations.，No public fundraising is allowed。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)。1． The Regulations clarify the public welfare nature of foundations，Emphasizing the importance of public welfare purposes。Public welfare is the essential characteristic of foundations，This is the purpose of the foundation。Ensure the public welfare of the foundation，It is the fundamental task of the Regulations。

The beneficiaries of public welfare organizations are usually unspecified individuals and groups.，Any individual or group as long as it is consistent with its purpose and business scope

Require

，can be funded by。The foundation's funds come from society，Serve the society。

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：

1. Representative offices of overseas foundations are not allowed to organize fund-raising in China.、Donations accepted。
2. 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。
3. 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。one、How to understand the term "non-profit legal person"? answer：The foundation is not for profit、**A legal person organization that enjoys civil rights and assumes civil obligations。The "General Principles of Civil Law" stipulates four categories of legal persons：**、cause、Enterprises and social group legal persons。

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。It is precisely because of this difference，This makes it impossible for us to register the foundation as a society.、manage，Special regulations must be formulated。This has attracted the attention of legal circles，The drafting of the Civil Code will also address this issue。

In order to cooperate with future legislative work，We did not emphasize in the Regulations that foundations are corporate legal persons，Only define its non-profit nature。"Non-profit legal person" is not a proper noun。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。