Traditional Culture Encyclopedia - Hotel accommodation - Can charitable foundations open hotels?
Can charitable foundations open hotels?
Article 28 of the Regulations on the Management of Foundations stipulates that "foundations shall maintain and increase the value of funds in accordance with the principles of legality, safety and effectiveness". This means that in addition to carrying out public welfare funding activities, it is also an important task for the foundation to maintain and increase its value.
The existing legal norms do not restrict the foundation from engaging in real estate, which means that there is nothing wrong with Song's real estate investment in Henan. In fact, it has long been an international practice for foundations to set foot in the capital market. Judging from the development trend of the world public welfare foundation, a great foundation must have strong fund-raising and asset appreciation capabilities.
From this perspective, there is nothing wrong with the foundation opening a hotel.
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