Without a contract, the money is a donation. Fang and Feng can spend anyway they like. They only need to pay tax properly.
If the sponsor wants a string attached, there should be a contract/agreement like a 基金章程, regulating how the fund should be used. 有了这个才可以过问,找茬。
方肯定不会接受后者。我估计这里嚷嚷的凶的几个也根本没捐过。