Not sure if Lastguy still needs an answer but, for the existing foundation I'd generally say that it's acceptable although if the hole cuts some re-bar it might be prudent to install some steel channel or plate above or below the hole extend 2-3ft on either side and fastened with 1/2"x 5" lag bolts to the foundation every 1ft.
As for the pipe through the existing opening I'm confused about the question.
Sounds like you want to run a pipe through a window





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