Säätiöllä

Säätiöllä is a term used in Finnish law and practice to refer to foundations. A foundation is a legal entity that holds assets for a specific purpose, often charitable, educational, scientific, or cultural. Foundations are established by a deed of foundation, which outlines the foundation's aims, governing principles, and the assets dedicated to it. These assets are typically managed by a board of trustees, who are responsible for ensuring that the foundation's activities align with its stated purpose.

Foundations are distinct from companies or other business entities in that their primary objective is not profit generation for shareholders. Instead, any profits or income generated from the foundation's assets are reinvested to further its mission. Foundations can be established by individuals, families, or organizations, and their longevity can be perpetual, continuing to serve their purpose for generations. The governance and operations of foundations are subject to specific legal regulations in Finland, ensuring transparency and accountability. The Finnish Patent and Registration Office (PRH) maintains a register of foundations.