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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.
LINK / CITE ADD TO WORD LIST. noun. A foundation is defined as an organization set up to finance or complete projects, usually for a non-profit organization such as a school or a church. An example of a foundation is a charity that helps feed hungry children.Foundation means the supporting structure of a home.oun. A foundation is defined as an organization set up to finance or complete projects, usually for a non-profit organization such as a school or a church.