fundación
/fundaˈθjon/ · B2 · noun · f
initiation
🏛️ fundación = fund + -ación: to found, from Latin fundus, bottom or base
From Latin fundatio, from fundare, to lay the bottom, from fundus, base. English found, foundation and fund share the root. A fundación is either the act of founding something or a charity, which usually lives off a fund.