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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.
foundation late 14c., action of founding, from L. fundationem (nom. fundatio) a founding, from fundatus, pp. of fundare (see found (1)). The L. word is glossed in O.E. by staÃ¾ol. Meaning that which is founded (a college, hospital, etc.) is from 1510s; meaning funds endowed is early 15c. Sense of solid base of a structure is from late 15c. Tie to the foundation thread of the first oval of the first circle.