Third person singular present tense of found; to establish, create, or set up something new like an institution or organization.
From Old French fonder, from Latin fundare (to establish or base), from fundus (bottom or base). The metaphor is of laying a foundation or base for something.
The verb 'found' gave us both 'foundation' (what you build on) and 'foundling' (what gets abandoned), showing how the same root word can branch into completely different meanings.
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