Definition: A not-for-profit organization does not operate for the benefit of specific individuals, such as its members, those running the organization, or their friends and relatives. This definition applies both while the organization is active and if it eventually closes down.

Purpose: The MiFoundation exists to serve the members of the Midas Metaverse and to do public good. It seeks to support creatives within the Midas community.

Reasonable Payments: The MiFoundation is primarily AI powered with minimal human staff requirements excluding board members or trustees, who may receive nominal stipends for their service.

Legal Structure: The MiFoundation acts as a Trust.