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Number of foundations in China increases 16 pct in 2014

Xinhua, June 10, 2015 Adjust font size:

China had a total of 4,117 foundations by the end of 2014, an increase of 16 percent from the year before, statistics of the Ministry of Civil Affairs showed Wednesday.

According to a bulletin on the ministry's website, there were 1,470 public-funded foundations and 2,610 private-funded foundations by the end of 2014.

The bulletin also showed there were nine foundations involving overseas interests and 28 representative offices run by overseas foundations.

It said public-funded and private-funded foundations received donations of 37.43 billion yuan (about 6.03 billion U.S. dollars) in 2014. Endi