What is the Meaning & Definition of Foundation

The Foundation is a term that supports various applications. The action of create, found something, or the source that holds a question it referred to as the Foundation. The Spanish navigator was the Foundation of the city in the 15th century.
Worth noting, that the Foundation of cities was extremely common in the past, specially deployed by those missions action Scouts who came to unknown territories, and then, to assert its sovereignty over the same given name to those places where settlers and also sought to bring inhabitants and special signs. After the discovery of America came a gale of missions throughout the continent that had the Mission of planting the Spanish flag and in its wake were founded many cities.
On the other hand, in architecture and engineering, is called Foundation to the set of structural elements that have the mission to transfer the load of the building to the ground. They can also appear designated as foundations.
And another also extended use we attach it to the word Foundation allows you to designate that institution which deploys charitable or solidarity-based actions, or failing that promotes and develops cultural activities. A condition sine quanom is that the Foundation never deviate from the persecution of these social objectives that led to it. The founding of the school awarded to John.
According to the law, the Foundation is a legal entity which does not profit. The operation and management of the same is possible thanks to heritage in timely manner its creators have brought and also it is customary to accept money from others contributions as it further develops.
Nothing better than an example to better understand the concept. Konex Foundation, created in Buenos Aires, in 1980, by entrepreneur and Argentine lawyer Luis Ovsejevich aims to promote, participate and collaborate on projects of cultural, artistic, sports, intellectual, scientific and social nature. It also has special cycles as of going to music, which is meant to attract children to musical proposals such as opera, ballet and tango.