fundación

Fundación is a Spanish term with multiple related uses. It commonly refers to a foundation or nonprofit organization established to pursue charitable, educational, cultural, or scientific purposes. Foundations are typically formal entities with a defined governance structure, often run by a board of directors or trustees, and are regulated by laws that govern charitable or civil organizations. The word can also denote the act of founding or establishing something, or the base or underlying support of an object, such as the foundation of a building or a theory.

Geography: Fundación is also the name of a municipality in the Magdalena Department of Colombia. It is located in the northern part of the country, within the Magdalena region. The municipality includes urban and rural areas and forms part of Colombia’s broader Caribbean-influenced cultural and economic landscape. Local governance is headed by a mayor and municipal council, and the area participates in departmental administration as part of the Magdalena Department.

In broader use, the term Fundación is widely employed in the names of charitable and research organizations around the world, reflecting its core meaning of establishing support for a defined purpose. The exact legal form, activities, and accountability requirements of a foundation vary by country and jurisdiction.