Co-established by Guizhou Rural Credit Union, Guiyang Confucianism Research Association and the Administrative Office of Guiyang Confucius Academy, the Confucius Academy Development Foundation of is an independent association that ensures the sound operation and development of the Guiyang Confucius Academy. Its major duties include: a) to provide financial support for the Confucius Academy, particularly for the research, learning and exchange activities held by the International Institute for Chinese Culture; and b) to provide institutions and personnel settled in the International Institute for Chinese Culture with study and research grants, publishing funds, and the funds for the Yangming Confucianism Innovation Award and the Yangming Confucianism Promotion Award fund, etc.