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English definition of “foundation”

foundation

noun     /faʊnˈdeɪʃən/
[C] an organization that has been started in order to provide money for a particular group of people or for a particular type of research: He gave £1m to set up a charitable foundation to help vulnerable young people.
[U] the act of starting a new business, organization, etc.: He helped lead the company out of its worst crisis since its foundation over a hundred years ago.
foundations [plural] PROPERTY the structures below the surface of the ground which support a building: The foundations will have to be reinforced to prevent the house from sinking further into the ground. the basic ideas or structures from which something important develops: the foundations of sth One of the foundations of democracy is a fair trial.lay/establish/build the foundations for sth The company says it is 'laying the foundations for future success'. firm/solid/strong foundations From firm foundations we will continue to grow the business.
(Definition of foundation noun from the Cambridge Business English Dictionary © Cambridge University Press)
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