Definitions of FUNDATIO

  1. Lat A founding or foundation. Particularly applied to the creation andendowment of corporations. As applied to eleemosynary corporations such as collegesand hospitals, It is said that " fundatio incipient' is the Incorporation or grant of corporatepowers, while " fundatio perflciens" Is the endowment or grant or gift of funds orrevenues. Dartmouth College v. Woodward, 4 Wheat. 667, 4 L. Ed. 629.