1. A legally established nonprofit organization created to manage and distribute funds for charitable, educational, scientific, or social purposes, typically supported by an endowment
The institutional foundation was established to support medical research and education.
A fundação institucional foi criada para apoiar pesquisa médica e educação.
2. A foundation associated with and supporting a specific institution such as a university, hospital, or cultural organization
The university's institutional foundation raised millions for scholarships.
A fundação institucional da universidade arrecadou milhões para bolsas de estudo.