Stichting

A stichting (Dutch: [ˈstɪxtɪŋ] ⓘ, lit. 'foundation') is a Dutch legal entity with limited liability, not aiming to make profit, with no members or share capital, that exists for a specific purpose that is serving a public, social or an idealistic interest. A stichting is allowed to make profit but the legal condition is that this profit must be spent on achieving the foundation's goals. This form of entity makes it possible to separate functions of ownership and control.