The Lao Niu Foundation was set up in late 2004 by Mr. Niu Gensheng, founder and former chairman and president of China Mengniu Dairy Company, and his family with all of their shares and part of the dividends from the company. With the guideline “Improving ourselves by helping others and always being grateful; undertaking global responsibilities to educate people and protect the environment,” the Lao Niu Foundation is dedicated to “promoting education, protecting the environment, and practicing philanthropy for all.” By focusing on environmental protection, culture and education, and sector development, the foundation is striving to create a healthy and equitable environment for mankind and to “sustain the foundation to its 100th year and beyond.” By the end of June 2017, the Lao Niu Foundation had completed 208 philanthropic projects in partnership with 161 agencies, organizations, and individuals, covering 30 provinces in China as well as cities in the United States, Canada, France, Nepal, and Africa. Its total charitable expenditures exceeded USD 200 million (RMB 1.202 billion).