Fund use is determined through rigorous evaluation and screening, following fund usage regulations and our terms and conditions. The general procedure for fund management is as follows:
The Education Foundation provides consultation to a potential donor about related laws and regulations, providing sample agreements and other necessary information to assist a donor when making decisions.
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The Education Foundation designs a tailored donation project according to the donor’s wishes. If a donor has no specific ideas, we will provide them general donation guidelines or put the donation into the nonexpendable fund for the Education Foundation’s long-term development.
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The Education Foundation signs a donation contract or gift agreement with the donor.
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The donor remits funds into the Education Foundation’s official bank account and the Education Foundation issues an official receipt of donation, along with a donation certificate or souvenirs to the donor.
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The Education Foundation sets up a separate account and budget code for each donation project, generating accounting statements and accepting internal and third-party auditing periodically.
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The Education Foundation archives donation-related materials and provides the donor with project management reports and feedback as required.