I think the lion is actually meant to be 'couchant' or possibly 'dormant' (lying or sleeping). Either way it is a heraldic device that represents peaceful intent, but ferocity and power if that intent is thwarted. Sometimes it is said to represent almost the opposite i.e. the ability of the device holder to calm such power and ferocity by some form of saintliness. I would guess in this case it is the former. It does not need to represent any particular institution or family, altho' of course, it could do.
Best wishes
Richard
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