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What is a foundation? A: A foundation is a non-governmental entity that is established as a nonprofit corporation or a charitable trust, with a principal purpose of making grants to unrelated organizations, institutions, or individuals for scientific, educational, cultural, religious, or other charitable purposes.
Definition of foundation. 1  1 : the act of founding here since the foundation of the school. 2  2 : a basis (such as a tenet, principle, or axiom) upon which something stands or is supported the foundations of geometry the rumor is without foundation in fact.