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institution

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noun
  • an organization, establishment, foundation, society, or the like, devoted to the promotion of a particular cause or program, esp. one of a public, educational, or charitable character: This college is the best institution of its kind. [Webster]
  • the act of instituting [Barron]

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Wiktionary:
institution @ wiktionary
WordNet:
institution @ wordnet.princeton.edu
Merriam-Webster Online:
institution @ M-W.com
MSN Encarta:
institution @ Encarta
American Heritage Dictionary of the English Language:
institution @ AHD provided by Yahoo! Education
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institution @ Answers.com
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