late 14c., "action of founding," from L. fundationem
) "a founding," from fundatus,
pp. of fundare
(1)). The L. word is glossed in O.E. by staþol
. Meaning "that which is founded" (a college, hospital, etc.) is from 1510s; meaning "funds endowed" is early 15c. Sense of "solid base of a structure" is from late 15c.