fundação

Fundação is a Portuguese word that translates to "foundation" in English. It refers to an organization, typically non-profit, established for charitable, educational, religious, scientific, or literary purposes. These organizations are usually endowed with a sum of money or assets, and their operations are guided by a charter or deed of trust. The primary goal of a fundação is to serve a specific public benefit or to support a particular cause. In many legal systems, foundations are distinct from corporations and have specific regulations governing their establishment, management, and taxation. They can operate locally, nationally, or internationally, depending on their mission and resources. Examples include charitable foundations that provide aid to the needy, educational foundations that fund scholarships or research, and scientific foundations that support scientific inquiry. The concept of a fundação emphasizes the dedication of resources for a lasting purpose, often with an emphasis on public good or the advancement of knowledge and culture.