stofnun
Stofnun is an Icelandic noun meaning institution, organization, or establishment. It refers to a formal entity created for a specific purpose, such as public administration, research, culture, or charitable work. The term can denote both the act of establishing something and the organization that results from that process.
Etymology and scope: Stofnun derives from the verb stofna, “to establish,” with the noun-forming suffix -nun.
Usage: In Icelandic, stofnanir include government or public agencies, as well as non-profit or charitable bodies
Distinctions: Stofnun often implies formality and a public or mission-driven character, distinguishing it from more commercial