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.
