This is an interesting topic about which a lot people don't have much knowledge. The topic is intriguing and anyone with curious mind would love to know more about this thing. As such knowledge can help an investor or a trader in the long run.
Well, you do not sound like you know much about it either since you absolutely did not share anything tangible. If the team is deciding to use the word foundation to classify the team, then it is just the percentage that is meant to go to the team.
If it is not the team in this case, I am sure the foundation thing will most definitely be broken down when it comes to its usage in the long run, which would most definitely be on either the whitepaper or on the website. Most of the time though, in every ICO, the team usually allocates funds to themselves, as well as others, which is always found in the allocation chart, and I do not see this as any problem as long as it is a legit project.