mittekasumlikuks

Mittekasumlikuks is an Estonian term that translates to "non-profit" in English. It refers to organizations or activities that are not primarily intended to generate profit for their owners or stakeholders. Instead, their main objectives are typically social, charitable, educational, religious, or scientific in nature.

In Estonia, non-profit organizations are often established as MTÜ (Mittetulundusühing), which is the most common legal form. These organizations operate under specific legal frameworks that govern their establishment, operation, and reporting. They are distinct from commercial enterprises as their earnings, if any, are reinvested into the organization's mission rather than being distributed as dividends.

Non-profit organizations play a crucial role in Estonian society by addressing various needs and contributing to public good. They often rely on donations, grants, membership fees, and sometimes earned income from related activities to fund their operations. Transparency and accountability are key principles for non-profit entities, ensuring that resources are used effectively towards their stated goals. The concept of "mittekasumlikuks" underscores a commitment to service and social impact over financial gain.