I'm surprised he can't just move it out of China. He has the international clout to do so.
Jet Li's One Foundation may not last
Thu, Sep 16, 2010
China Daily/Asia News Network
By Zuo Likun

Three years into the One Foundation founded by actor-turned-philanthropist Jet Li, the charity itself is in need of help. Its private status prevents it from direct public fundraising.

The One Foundation, in Li's words, is "a kid without an identity". It has operated as a partnership with the official Red Cross Society of China, but that is about to end this year. Without the contract, the foundation will face legal restrictions collecting money..

Li's announcement on Sunday during an interview with China Central TV that the nascent charity could be suspended sparked an immediate debate on similar situations faced by many of China's private charity groups. Li's distress about the charity's fate was obvious.

But according to Wednesday's Legal Evening News, a supervisor surnamed Ye at One Foundation said the foundation is running as usual and its contracts with Red Cross would continue. She said Li's words shouldn't be misinterpreted as a sign that the foundation is giving up, but rather they should be interpreted as an alarm call on the shared plight of private charity groups in China.
Maybe he's just giving up doing it himself and focusing on representing others.
Jet Li to be first-ever International Red Cross Ambassador
By Liang Kaixin | Posted: 22 September 2010 1516 hrs

SINGAPORE: China-born actor Jet Li has been appointed to be the first-ever Goodwill Ambassador for the International Red Cross.

His appointment is an extension of a three-year partnership between Li's One Foundation and the Red Cross Society of China.

The One Foundation, which supports international disaster relief efforts, has a private status which prevents it from direct public fundraising.

It has been able to raise money through its collaboration with the Red Cross.

Questions over the future of the partnership had led to speculation that the foundation was in trouble and may have to be shut down.

But Li confirmed this was not true.

"The first thing I did was apologise to Red Cross, our benefactor. It's been three years since One Foundation was created and both Red Cross and I have yet to receive a both-party termination written notice.

"So we have automatically renewed our contract, for another three years," he said.