Foundations Act Article 59
If a government-endowed foundation receives a private donation and plans to include such donation in its fund and, as a result hereof, the private endowments or donations included in the fund shall reach 50 percent of the total fund , such inclusion requires to be passed by a majority of the attending directors in a Board meeting attended by the three-fourths of all directors and applied to the competent authority for approval; without approval, no such donation shall be included in the fund.Upon approval of the application under the preceding paragraph, the competent authority shall order the foundation to acquire the privately donated property, complete the court registration, and appoint director and supervisor in accordance with relevant provisions applicable to public-endowed foundations within a specified time period; provided that the term of the directors and supervisors so appointed shall serve the remaining term of office of the predecessor. All original directors and supervisors shall be ipso facto removed from office upon the appointment of new directors and supervisors.After a government-endowed foundation is converted into a public-endowed foundation, the percentage of the directors and supervisors selected, designated or agreed by government agencies shall be equivalent to the ratio of endowment and donation from government agencies, public legal persons, government-owned enterprises and government-endowed foundations to the foundation’s total fund (rounded to the nearest whole number) provided that the number shall not be less than one for each.If the foundation, upon expiry of the specified time period under the second paragraph, has not yet acquired the privately donated property and completed the court registration, or completed the appointment of directors and supervisors under the preceding two paragraphs, the competent authority may rescind its approval ab initio.If a public-endowed foundation receives donations from government agencies, public legal persons, government-owned enterprises or government-endowed foundations and, as a result hereof, such endowment or donation included in its fund reaches 50 percent of the total fund, such foundation shall, within 10 days, submit the updated property list and relevant supporting documents to the competent authority. The competent authority shall order the foundation to complete registration with the court and select or appoint directors and supervisors in accordance with relevant provisions applicable to government-endowed foundations and such director and supervisor shall serve the remaining term of office of predecessors. All original directors and supervisors shall be ipso facto removed from office upon the selection or appointment of new directors and supervisors.If any of the following circumstances occurs to a foundation, the foundation shall be subject to a fine of not less than NT$30,000 and not more than NT$150,0000 and ordered to make a correction within a specified time period; failing which, the foundation may be fined at each failure to comply therewith:(1) Violation of the preceding paragraph by failing to register with the court within the specified time period; or(2) Failure to complete appointment of directors and supervisors in accordance with provisions applicable to government-endowed foundations within the specified time period under the preceding paragraph.No approval shall be granted to national foundations by the competent authority in accordance with the first paragraph from the voting date of the presidential election through the date of office assumption by the president-elect and vice president-elect. No approval shall be granted to local foundations by the competent authority in accordance with the first paragraph from the voting date of mayors of municipality or city (county) election through the date of office assumption by the mayor-elect.Before the application is approved under the first paragraph, the competent authority shall publish on its website for 30 days, the cause of the application, the name of the foundation, the reasons of the conversion to public-endowed foundation and the amount of private donation to be received.
中文原文 財團法人法第59條
政府捐助之財團法人因接受民間捐贈並擬將該捐贈財產列入基金，致民間捐助及捐贈並列入基金之財產，合計將達基金總額百分之五十者，應經董事會全體董事四分之三以上出席，出席董事過半數決議通過，並向主管機關申請同意；未經同意，不得將其捐贈財產列入基金。
前項申請經同意者，主管機關應命該財團法人於一定期限內取得民間捐贈財產及向法院完成變更登記，並依民間捐助之財團法人相關規定改選董事、監察人，至原任期屆滿為止。
原全體董事及監察人於新任董事、監察人產生時，當然解任。
政府捐助之財團法人轉為民間捐助之財團法人後，其由政府機關（構）遴聘、指派或同意之董事、監察人人數，占各該董事、監察人總人數之比率，應各依每次改選當時政府機關（構）、公法人、公營事業及政府捐助之財團法人所捐助及捐贈基金之合計數占該財團法人基金總額之比率，其非整數時，以四捨五入方式計算，且其人數各不得少於一人。
財團法人於第二項期限屆滿，未取得民間捐贈財產並向法院完成變更登記，或未依前二項規定完成董事、監察人改選者，主管機關得廢止其同意處分，並自原同意時失其效力。
民間捐助之財團法人接受政府機關（構）、公法人、公營事業或政府捐助之財團法人捐贈，致其捐助及捐贈並列入基金之財產，合計超過該財團法人基金總額百分之五十者，應於十日內檢具財產變更清冊及相關證明文件，向主管機關申報。
主管機關應命該財團法人於一定期限內向法院完成變更登記，並依政府捐助之財團法人相關規定遴聘、改選董事及監察人，至原任期屆滿為止。
原全體董事及監察人於新任董事、監察人產生時，當然解任。
有下列情形之一者，處財團法人新臺幣三萬元以上十五萬元以下罰鍰，並命其限期改正；屆期未改正者，得按次處罰：
一、違反前項規定，未於一定期限內向法院辦理變更登記。
二、於前項期限屆滿，未依政府捐助之財團法人相關規定完成董事及監察人改選。
全國性財團法人自總統、副總統選舉投票當日起至總統、副總統當選人就任期間，主管機關不得為第一項之同意。
地方性財團法人自直轄市長、縣（市）長選舉投票當日起至直轄市長、縣（市）長當選人就任期間，主管機關不得為第一項之同意。
第一項申請案主管機關於同意前，應將該申請案之案由、財團法人之名稱、擬轉為民間捐助之財團法人之事由及擬接受民間捐贈之金額，於主管機關網站公開三十日。
前項申請經同意者，主管機關應命該財團法人於一定期限內取得民間捐贈財產及向法院完成變更登記，並依民間捐助之財團法人相關規定改選董事、監察人，至原任期屆滿為止。
原全體董事及監察人於新任董事、監察人產生時，當然解任。
政府捐助之財團法人轉為民間捐助之財團法人後，其由政府機關（構）遴聘、指派或同意之董事、監察人人數，占各該董事、監察人總人數之比率，應各依每次改選當時政府機關（構）、公法人、公營事業及政府捐助之財團法人所捐助及捐贈基金之合計數占該財團法人基金總額之比率，其非整數時，以四捨五入方式計算，且其人數各不得少於一人。
財團法人於第二項期限屆滿，未取得民間捐贈財產並向法院完成變更登記，或未依前二項規定完成董事、監察人改選者，主管機關得廢止其同意處分，並自原同意時失其效力。
民間捐助之財團法人接受政府機關（構）、公法人、公營事業或政府捐助之財團法人捐贈，致其捐助及捐贈並列入基金之財產，合計超過該財團法人基金總額百分之五十者，應於十日內檢具財產變更清冊及相關證明文件，向主管機關申報。
主管機關應命該財團法人於一定期限內向法院完成變更登記，並依政府捐助之財團法人相關規定遴聘、改選董事及監察人，至原任期屆滿為止。
原全體董事及監察人於新任董事、監察人產生時，當然解任。
有下列情形之一者，處財團法人新臺幣三萬元以上十五萬元以下罰鍰，並命其限期改正；屆期未改正者，得按次處罰：
一、違反前項規定，未於一定期限內向法院辦理變更登記。
二、於前項期限屆滿，未依政府捐助之財團法人相關規定完成董事及監察人改選。
全國性財團法人自總統、副總統選舉投票當日起至總統、副總統當選人就任期間，主管機關不得為第一項之同意。
地方性財團法人自直轄市長、縣（市）長選舉投票當日起至直轄市長、縣（市）長當選人就任期間，主管機關不得為第一項之同意。
第一項申請案主管機關於同意前，應將該申請案之案由、財團法人之名稱、擬轉為民間捐助之財團法人之事由及擬接受民間捐贈之金額，於主管機關網站公開三十日。