sihtasutustelt
Sihtasutustelt is an Estonian term that translates to "foundation" or "endowment fund" in English. It refers to a legal entity established for a specific public benefit purpose, such as education, science, culture, healthcare, or environmental protection. Foundations in Estonia operate on the principle of dedicating their assets and income to achieve their stated goals, rather than distributing profits to owners or members.
These organizations are typically established by one or more natural or legal persons who contribute assets