The Internet donation specified by the recipient is a new donation model that a social subject raises capital from the unspecific public on the Internet and places the capital on specific recipients. The Charity Act does not include this kind of donation in its scope of adjustment and regulation. Through making comparative analysis between the Internet donation specified by the recipient and securities public offering that has many analogy factors with the former, on the basis of long-term recognition of the latter according to the legislation in many countries, we can make a conclusion that there are a lot of strong rationality for China’s law to recognize the donation model. In fact, such factors as the self-regulation of rationality and adjusting ability from the Internet donation market, the general social benefits of the Internet donation being far more than the donation cost and the good hypothesis of charitable organization being unable to stand the practice test, are specific reasons for China’s law to recognize the internet donation specified by the recipient. China’s law can make rational and effective regulation on the Internet donation specified by the recipient through various institutional measures.