Source : Webster's Revised Unabridged Dictionary (1913)

Founding \Found"ing\, n.
   The art of smelting and casting metals.

Found \Found\, v. t. [imp. & p. p. {Founded}; p. pr. & vb. n.
   {Founding}.] [F. fondre, L. fundere to found, pour.]
   To form by melting a metal, and pouring it into a mold; to
   cast. ``Whereof to found their engines.'' --Milton.

Found \Found\, v. t. [imp. & p. p. {Founded}; p. pr. & vb. n.
   {Founding}.] [F. fonder, L. fundare, fr. fundus bottom. See
   1st {Bottom}, and cf. {Founder}, v. i., {Fund}.]
   1. To lay the basis of; to set, or place, as on something
      solid, for support; to ground; to establish upon a basis,
      literal or figurative; to fix firmly.

            I had else been perfect, Whole as the marble,
            founded as the rock.                  --Shak.

            A man that all his time Hath founded his good
            fortunes on your love.                --Shak.

            It fell not, for it was founded on a rock. --Matt.
                                                  vii. 25.

   2. To take the ffirst steps or measures in erecting or
      building up; to furnish the materials for beginning; to
      begin to raise; to originate; as, to found a college; to
      found a family.

            There they shall found Their government, and their
            great senate choose.                  --Milton.

   Syn: To base; ground; institute; establish; fix. See
        {Predicate}.

Source : WordNet®

founding
     n : the act of starting something for the first time;
         introducing something new; "she looked forward to her
         initiation as an adult"; "the foundation of a new
         scientific society"; "he regards the fork as a modern
         introduction" [syn: {initiation}, {foundation}, {institution},
          {origination}, {creation}, {innovation}, {introduction},
          {instauration}]