Säätiönä

Säätiönä is a Finnish word that translates to "as a foundation" or "in the capacity of a foundation." It is commonly used in legal and administrative contexts to refer to the activities and responsibilities of a foundation. A foundation, in this context, is a non-profit organization established for charitable, educational, scientific, or cultural purposes.

When an organization operates säätiönä, it means that it is acting within the framework and guidelines set by its founding documents and the laws governing foundations in Finland. This includes adhering to the organization's stated objectives, managing its assets responsibly, and reporting its activities to relevant authorities.

The term säätiönä emphasizes the distinct legal and operational identity of the foundation. It differentiates the activities of the foundation from those of its members or individual donors, ensuring that the foundation's resources are used solely for its stated purposes.

In Finland, foundations are regulated by the Foundations Act, which outlines the requirements for establishing, operating, and dissolving a foundation. This act ensures transparency, accountability, and the effective use of resources by foundations operating säätiönä.