How to establish a foundation
In recent years, with the improvement of social welfare awareness, more and more people have begun to pay attention to the establishment and operation of foundations. As a non-profit organization, the foundation plays an important role in promoting social welfare undertakings. This article will combine the hot topics and hot content on the Internet in the past 10 days to give you a detailed introduction to the establishment process, precautions and related data of the foundation to help you better understand and operate.
1. Basic conditions for the establishment of a foundation
Certain legal and administrative conditions need to be met to establish a foundation. The following are the basic requirements for foundation establishment:
| Conditions | Specific requirements |
|---|---|
| initiator | At least 3 natural or legal persons with full capacity for civil conduct |
| Registered capital | The national foundation shall be no less than RMB 8 million, and the local foundation shall be no less than RMB 2 million. |
| Charter | It is necessary to formulate a foundation charter that complies with legal requirements |
| office space | A fixed office space and necessary office equipment are required |
| Public welfare purpose | The purpose must be clearly public welfare and must not be for profit. |
2. Foundation establishment process
The establishment process of a foundation usually includes the following steps:
| steps | Specific content |
|---|---|
| 1. Name pre-approval | Submit an application for pre-approval of the foundation name to the civil affairs department |
| 2. Develop charter | Formulate foundation charter in accordance with legal provisions |
| 3. Capital verification report | Capital verification report issued by an accounting firm |
| 4. Submit application | Submit the establishment application and related materials to the civil affairs department |
| 5. Review and Approval | The civil affairs department will issue a registration certificate after passing the review. |
| 6. Engraving a seal | Engraving the official seal of the foundation based on the registration certificate |
| 7. Open a bank account | Open a special foundation account at the bank |
| 8. Tax registration | Go through tax registration procedures |
3. Things to note when establishing a foundation
In the process of establishing a foundation, you need to pay attention to the following aspects:
1.Clarify the public welfare purpose: The purpose of the foundation must be clear and in line with the nature of public welfare, and it must not involve sensitive areas such as politics and religion.
2.Source of funds is legal: The registered capital must come from legal sources, and there must be no illegal activities such as money laundering.
3.Regulations for establishing charter: The Articles of Association are the fundamental law of the foundation and must be formulated in strict accordance with legal regulations.
4.Management staffing: The foundation needs to be equipped with full-time management personnel, including chairman, secretary-general, etc.
5.Ongoing supervision: After the foundation is established, it needs to accept supervision from the civil affairs department and society and publish financial reports on a regular basis.
4. Hot Topics in Foundation Operations
According to the hot spot data of the entire network in the past 10 days, the following are the current hot topics in the foundation field:
| hot topics | Attention |
|---|---|
| Digital transformation of public welfare | high |
| Carbon Neutrality Foundation | high |
| community foundation development | in |
| Transparency of public welfare projects | high |
| Youth Education Foundation | in |
5. Development trends of foundations
It can be seen from the current hot topics that the development of foundations shows the following trends:
1.Digital transformation accelerates: More and more foundations are beginning to use Internet technology to improve management efficiency and transparency.
2.Environmental protection theme prominent: Foundations with environmental themes such as carbon neutrality and sustainable development have received widespread attention.
3.community development: Community foundations are developing rapidly because of their closeness to the grassroots and quick response.
4.Increased transparency requirements: The public has increasingly higher demands for transparency in public welfare projects, forcing foundations to strengthen information disclosure.
5.Increased professionalization: The foundation’s operation and management are becoming more and more professional, requiring more professionals to join.
Conclusion
The establishment of a foundation is a systematic project that requires meeting various conditions stipulated by law and following standardized processes. At the same time, the development of foundations also needs to keep up with the trend of the times and grasp the latest trends in the field of public welfare. We hope that the introduction in this article can help individuals or organizations who intend to establish a foundation to better understand the relevant processes and requirements and contribute to social welfare undertakings.
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