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Fo Guang Shan, founded in 1967 by Venerable Master Hsing Yun, is a significant Buddhist monastic order and organization in Taiwan. It's one of the largest Buddhist organizations and is known for its practice of Humanistic Buddhism, which is influenced by the Linji school of Chan Buddhism.

Here are some key aspects of its significance:

1. Largest Temple Compound: It is the largest Buddhist temple complex in Taiwan, covering more than 30 hectares and containing numerous shrines, schools, and facilities.

2. Humanistic Buddhism: Fo Guang Shan promotes Humanistic Buddhism, which emphasizes integrating Buddhist practices into everyday life to promote peace, happiness, and the well-being of society.

3. International Presence: Beyond Taiwan, Fo Guang Shan has a global reach, with various chapters and centers around the world, promoting cross-cultural Buddhist teaching and peace initiatives.

4. Charity and Education: It's not only a religious site but also an important center for educational and charitable works, being involved in numerous social causes.

5. Cultural Impact: It serves as a major cultural and religious destination, attracting visitors and practitioners globally.

Source Reference: Fo Guang Shan - Wikipedia