In regards to founder and Laminitis....
Laminitis is the inflammation of the Laminae bone in the horses feet. This is generally caused by stress, concussion, too much protein in diet or over eating.
Founder is a term used to describe when the coffin bone (also in the foot) rotates "sinks" into the sole due to the mass amount of pressure placed on the sole puncturing it.
Founder is originally a term used by sailors when a ship sinks...hence the term founder used in this instance.
So laminitis and founder are terms used interchangeably....
Laminitis being the condition....Founder an "event" that can occur during a laminitis incident.