7.1.8 Establishing Sustainable Finance System

Without a fund management agency and a stable finance system, historic personality’s residences will not be able to sustain and stabilize their protection and development.Therefore, a Historic Personality’s Residence Foundation should be established to specialize in the financial system of these historic residences of Jinan, providing adequate, stable and sustainable funds for the daily maintenance and development of the houses and their sites.The responsibilities of the Foundation should include actively expanding sources of funds, managing funds and increasing the value of funds, evaluating the use of funds in the process of routine maintenance, post-disaster restoration and cultural development of these residences.(https://www.daowen.com)