What is the meaning of founding?

noun

• The act of starting something for the first time; introducing something new.
  • usage: "she looked forward to her initiation as an adult"; "the foundation of a new scientific society"
  • synonyms: initiation, foundation, institution, origination, creation, innovation, introduction, instauration

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