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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.
(bÄdâ²rÅkâ²) n. 1. The solid rock that underlies loose material, such as soil, sand, clay, or gravel. 2. a. The very basis; the foundation: Ownership of land is the bedrock of democracy. b. The lowest point: personal finances that were at bedrock.