"founding" in the noun sense
1. initiation, founding, foundation, institution, origination, creation, innovation, introduction, instauration
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"
"founding" in the verb sense
1. establish, set up, found, launch
set up or found
"She set up a literacy program"
2. establish, found, plant, constitute, institute
set up or lay the groundwork for
"establish a new department"
3. establish, base, ground, found
use as a basis for found on
"base a claim on some observation"
Source: WordNet® (An amazing lexical database of English)
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