Chapter 4 —— Sources and management of the funds

19.Sources of the funds of the foundation
--Mr. Qu Jianguo donated the sponsor funds of the foundation.
--Donations from groups and individuals in all fields at home and abroad
--Interests, dividends, investment gains and often incomes of the foundation

20.Means of donating to or financing the foundation.
--By means of cash or real objects. The foundation respects the wishes of donators to choose the object to support that accord with the purpose of the foundation 
--All the donations and financial aids are given to the foundation for free and belong to the foundation. final owner ship of the donated funds and objects belongs to the donator himself. The increments of the donations belong to the foundation.
--All funds received by the foundation that have no special explanations are considered donations.

21.The foundation will make various investments that help keep and increase the value of the funds according to law.

22.principal funds of the foundation cannot be used for the expenditure on public welfare. Only the public welfare fund originated after distribution of profits of the foundation can be used.

23.Distrebution proportion of the profits of the foundation
--60 to 80% of the profits is allocated as the public welfare fund.
--20 to 40% of the profits is used as the accumulated fund to help keep and increase the value of principal funds of the foundation.

24.The foundation is an independent accounting unit entrusting public registered accountants to audit and supervise its accounts.

Chapter 5 —— Special Funds

25.The foundation can establish a special fund in the name of a donator according to his wishes. The special fund must accord with the purpose of the foundation and have its own fixed office and staff.

26.The foundation accepts trust funds used for public welfare. The funds can be established as a special fund with special management to finance certain objects regularly.

Chapter 6 —— Supplementary Provisions

27.To end the foundation. Chairman, Vice-chairmen and secretary must have a meeting to submit a report. Once the executive council approves the report, the foundation can be terminated in specific procedures according to related regulations in China.

28.These regulations abide by the laws and regulations in China.

29.The right to explain and revise these regulations belongs to the executive council of the foundation. (The End)  Back>