What is the meaning of founded?

verb

• Set up or found.
  • usage: "She set up a literacy program"
  • synonyms: establish, set up, found, launch
• Set up or lay the groundwork for.
  • usage: "establish a new department"
  • synonyms: establish, found, plant, constitute, institute
• Use as a basis for; found on.
  • usage: "base a claim on some observation"
  • synonyms: establish, base, ground, found