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Difficulty understanding :
Easy (for all).

Reading time :
About 1 minute.

 

 

Definition of FUNDATIO

Lat. A founding or foun-dation. Particularly applied to the creation and endowment of corporations. As applied to eleemosynary corporations such as colleges and hospitals, lt is said that “fundatio incipient” is the incorporation or grant of cor-porate powers, while “fundatio perflciens” is the endowment or grant or gift of funds or revenues. Dartmouth College v. Woodward, 4 wheat. 667, 4 L. Ed. 629

 

Black's Law Dictionary 2nd edition

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