Core Insights - The article emphasizes the importance of charitable trusts in promoting common prosperity and addressing wealth disparity through institutional innovation [1][2][3] Group 1: Charitable Trusts and Common Prosperity - Charitable trusts are seen as a crucial tool for linking private wealth with public welfare, playing an irreplaceable role in reducing wealth gaps and promoting social equity [1][2] - The revised Charity Law, effective from September 2024, has led to a rapid increase in the number of charitable trusts, although their overall scale remains small [1][3] Group 2: Challenges and Bottlenecks - The main challenges facing the growth of charitable trusts include insufficient promotion and misunderstanding of their purpose, as many view them as financial products rather than pure charitable vehicles [3][4] - Tax incentives for charitable trusts are currently inadequate, as the law emphasizes the need for such incentives but lacks practical implementation for tax deductions at the establishment stage [4][5] Group 3: Recommendations for Development - It is recommended to prioritize tax deductions for donors at the establishment stage of charitable trusts to encourage their growth [5][6] - Establishing a nationwide registration system for trust assets is necessary to ensure legal clarity and operational feasibility, especially for non-monetary assets [6][7] Group 4: Family Charitable Trusts - Family charitable trusts can effectively combine wealth transfer needs with charitable intentions, encouraging participation from individuals and organizations in philanthropic activities [8][9] - These trusts are characterized by their family-oriented nature, public benefit focus, and long-term sustainability, allowing for a balance between private and charitable interests [9][10] Group 5: Future Outlook - The article suggests that charitable trusts should leverage their institutional advantages to mobilize resources for common prosperity, addressing regional and income disparities [10] - Continuous education and awareness campaigns about charitable trusts are essential to foster a culture of philanthropy and enhance their societal impact [10]