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The Cyclopedic Law Dictionary · Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922

The Cyclopedic Law Dictionary

One who endows an Institution; one who makes a gift of revenues to a corporation.

10 Coke, 33; 1 Sharswood, Bl. Comm. 481.

In England, the king is said to be the founder of all civil corporations; and where there is an act of incorporation, he is called the "general founder," and he who endows is called the "perficient founder."

1 Sharswood, Bl. Comm. 481.