A "Stiftung" is a German term for a foundation, which is an organization established to support charitable activities or specific causes. Foundations can be created by individuals, families, or corporations and often focus on areas such as education, health, culture, or social welfare. They typically manage an endowment, using the income generated to fund their initiatives. In Germany, foundations are governed by specific laws that ensure transparency and accountability. Many foundations, like the Bertelsmann Stiftung or Robert Bosch Stiftung, play a significant role in promoting social change and innovation. They often collaborate with other organizations to maximize their impact on society.