Jätkusuutlikuna

Jätkusuutlikuna (also known as the "continuing trustee" or "perpetual trustee" in English) is a legal concept primarily used in Estonian law, particularly within the framework of charitable foundations and certain types of trusts. The term refers to a designated individual or entity responsible for managing the affairs of a foundation or trust indefinitely, ensuring its continuity and adherence to its stated purposes.

In Estonia, jätkusuutlikuna is often specified in the founding documents of a foundation or trust. This role is critical for maintaining the foundation’s operations, financial stability, and compliance with its objectives, even if the original founders or trustees are no longer involved. The jätkusuutlikuna acts as a safeguard, preventing the dissolution of the foundation due to changes in leadership or unforeseen circumstances.

The legal framework governing jätkusuutlikuna is outlined in the Estonian Foundation Act and other relevant legislation. The role typically requires the individual or entity to act in the best interests of the foundation, ensuring proper administration of assets and adherence to the foundation’s mission. While the jätkusuutlikuna may have broad authority, they are still subject to legal oversight and must operate within the boundaries set by the foundation’s governing documents.

This concept is particularly useful for long-term charitable initiatives, educational institutions, or other entities designed to benefit the public or a specific group over extended periods. By designating a jätkusuutlikuna, founders can ensure that their vision persists even after their involvement ends, fostering lasting impact and continuity.