Foundation schools are a kind of "maintained school", meaning that they are funded by central government via the local education authority, and do not charge fees to students.
As with voluntary controlled schools, all capital and running costs are met by the government.
As with voluntary aided schools, the governing body employs the staff and has responsibility for admissions to the school, subject to rules imposed by central government.
[1][2][3] Some foundation schools, also called trust schools, have a foundation or trust that owns the land and buildings.
Otherwise the land and buildings are owned by the governing body.