1. The establishment of a non-profit organization or foundation shall be reported to the People's Bank for approval by the centralized management department, and the civil affairs department shall register and issue a license before conducting business activities.

2. If it is a national non-profit organization or foundation, it needs to be reported to the People's Bank of China for approval, applied to the Ministry of Civil Affairs for registration, and filed with the State Council.

3. Local non-profit organizations or foundations shall report to the branches of the People's Bank of China in provinces, autonomous regions and municipalities directly under the Central Government for examination and approval, apply to the civil affairs departments of the people's governments of provinces, autonomous regions and municipalities directly under the Central Government for registration, and file with the people's governments of provinces, autonomous regions and municipalities directly under the Central Government.

With the above conditions, you can set up a non-profit education fund.