Webster's English Dictionary

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institution

in.sti.tu.tion \.in(t)-st*-'t(y)u:-sh*n\ \-shn*l, -sh*n-*l\ \-.i-z\ \-e-\ n 
   1: an act of instituting : ESTABLISHMENT  2: something that serves to 
   instruct  3a: a significant practice, relationship, or organization in a 
   society or c ulture 3b: an established society or corporation esp. of a 
   public character  - in.sti.tu.tion.al aj