"Yes, No. 1 Middle School is my and Yuting's alma mater, and I should sponsor some money, which can be regarded as a good deed I have done. If No. 1 Middle School can complete this expansion, maybe many outstanding students will choose No. 1 Middle School. But isn't my sponsorship of five million too little? Fang Yong smiled.

"According to what you say, I don't know how much money you are going to invest in Fang Dong?" When Liu Xiangqian heard Fang Yong say this, he asked excitedly.

"I haven't figured it out yet, at least 10 million!" Fang Yong thought for a moment and said.

"How much do you say? Ten million! Teacher Wang Hui was directly stunned, 10 million, this is not a small amount.

At this time, Liu Xiangqian's heart blossomed, he originally thought that it would be good to be able to bring two or three million sponsorships from Fang Yong, but he didn't expect Fang Yong to sponsor 10 million as soon as he opened his mouth, if this thing can really be done, he will be able to save a lot of things.

"Yes, Mr. Wang, what do you think of 10 million? If it's less, I can add some of it, and maybe I can fill in the rest of the gaps. Fang Yong said to Wang Hui with a smile.

"Not a lot, not a lot!" Wang Hui hurriedly waved his hand and said.

Then Wang Hui glanced at Principal Liu again, and then said with some concern: "Fang Yong, I think it's too much, and besides, what if the money is misappropriated by someone at that time?" ”

In fact, Wang Hui's worries are not unreasonable, he is a teacher at No. 1 Middle School, and he is now the director of the teaching and research department. Although she is from Principal Liu's family, there are still factions in the school that oppose Principal Liu, and she is also worried that the money invested by Fang Yong will be swallowed up in private.

At this time, Liu Xiangqian also looked at Fang Yong and nodded. After all, what Wang Hui said may become true.

Fang Yong smiled and said, "As for whether the funds I invested will be misappropriated, you don't have to worry." I will send this money to my Hengtai Group Charity Foundation, and let the people of the Charity Foundation monitor the flow of every money. In order to put an end to the situation that Mr. Wang said. ”

After Fang Yong finished speaking, he said to Liu Xiangqian and Wang Hui with a smile: "Let me introduce you two again, my girlfriend Zhang Yuting is now the person in charge of the charity foundation, and Sister Zhou is the executive director of the foundation, I believe that the two of them will give you a satisfactory answer to what Mr. Wang is worried about." ”

What Fang Dong said is that our foundation has also issued many charitable donations to the society, although there are also people who fight for these money. But it seems that they all ended badly! Zhou Aiping said to the two.

In fact, Fang Yong's charitable foundation is mainly to make a good name for himself and his Hengtai Group, and because of the savings of the charitable foundation, Fang Yong can also be given a reasonable tax avoidance.

The so-called charitable foundation. As the name suggests, it is a non-profit and public welfare foundation dedicated to charity. It can maintain and increase the value of the foundation's assets in a safe and reasonable way.

According to the provisions of China's enterprise income tax law, the public welfare donation expenditure made by an enterprise shall not exceed 12% of the total annual profit. Deductions are allowed in the calculation of taxable income. Other than that. The foundation's property and other income are protected by law, and no unit or individual may privately divide, embezzle, or misappropriate them.

In China, according to the different types of foundations, charitable foundations are divided into two forms: public and non-public, public funds naturally refer to funds that can raise funds from the public, and these are generally funds directly controlled by the government, such as the Red Cross, the Charity Federation, the Youth Foundation, the Disabled Persons' Federation, and so on.

Fang Yong's charitable foundation is a non-public fund, and this kind of fund does not have the right to raise donations from the society. This kind of charitable fund is usually established by corporate or private donations. Every year, 8 percent of the total amount of funds needs to be donated for public welfare and charity, and the remaining 92 percent is controlled by the foundation itself, which can be invested in maintaining and increasing its value, or it can continue to invest in charity. The biggest advantage of this kind of charitable foundation over donating enterprises or individuals is that it can reasonably exempt a considerable part of the tax.

In foreign countries, charitable foundations have another more important function, that is, the transmission of family wealth. Although China has not yet officially levied inheritance tax, in Europe and the United States, inheritance tax has long been levied on more than 50% of the inheritance; Hundreds of millions of family assets want to be passed on to their children and grandchildren, and after an inheritance tax is levied, it usually has to be reduced by more than half.

In order to circumvent the division of family property under the inheritance tax system, wealthy families in European and American societies. It is common to place property in privately controlled charitable foundations, nominally donated to charity, in order to avoid the division of inheritance tax.

This kind of foundation is nominally a public good. However, the members of the board of directors of the fund are all served by the successors, who jointly make decisions on the fund, manage investments and public welfare affairs, and are basically the descendants of the family, and only need to donate a part of the funds for public welfare and charity every year to ensure that the huge wealth in the name of the foundation is always controlled by the descendants of the family.

If this is not done, even an economic giant will not have much left of his assets after two or three generations of inheritance.

At this time, Zhang Yuting also said to Liu Xiangqian and Wang Hui: "President Liu, Director Wang, don't worry, our foundation will carefully monitor this matter." In addition, after we have lunch, how about going to Sister Zhou's place to discuss specifically? ”

Liu Xiangqian and Wang Hui didn't expect that this trip to the capital would be so smooth.

Liu Xiangqian said in a good mood: "That's really good, I thank you on behalf of Yunze No. 1 Middle School!" I'm going to have a few people permanently leave a message on the expanded campus of No. 1 Middle School. ”

"Principal Liu is polite, as a former student of No. 1 Middle School, I should do what I can for my alma mater." Fang Yong smiled.

Fang Yong's decision to sponsor was decided, Liu Xiangqian and Wang Hui were in a good mood to toast Fang Yong again and again, and Fang Yong did not refuse to come, and finally the guests and hosts ended the lunch happily.

It seemed that the afternoon class would not be successful, so Fang Yong and Zhang Yuting respectively asked their counselors and teachers for an afternoon off, and then took Liu Xiangqian and Wang Hui to Zhou Aiping.

When they were on the road, Zhou Aiping arranged for the staff of the foundation to prepare some of the materials they needed, and waited for Fang Yong to negotiate when they came to the foundation.

In fact, these materials are also ready-made, and the foundation has had relevant investment and sponsorship in the past, as long as it is slightly modified. (To be continued......)