säätiötä

Säätiö is a Finnish term referring to a foundation. In Finland, a foundation is a legal entity established for a specific purpose, typically charitable, scientific, artistic, or public benefit. Foundations are independent of their founders once established and are managed by a board of trustees. Their assets are often comprised of donations, endowments, or other forms of capital. The primary goal of a foundation is to use its assets and income to pursue its stated objectives, which can include awarding grants, funding research, supporting cultural activities, or providing social welfare services.

Foundations are governed by specific legislation in Finland, ensuring transparency and accountability in their operations. The establishment of a foundation requires registration with the Finnish Patent and Registration Office. The board of trustees is responsible for the prudent management of the foundation's assets and for ensuring that its activities align with its founding purpose. Foundations play a significant role in the Finnish philanthropic landscape, contributing to various sectors of society. The specific regulations and operational principles of foundations in Finland are outlined in the Foundations Act.