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endowment

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The definition of an endowment is a gift of money, talent or other asset that has been given to someone or to an institution, or is the act of giving such a gift.

(noun)

An example of an endowment is a scholarship fund that has been set up in memory of a deceased person and that funds the education of students.
An example of an endowment is when a person makes a gift of money to support a university or other cause.

See endowment in Webster's New World College Dictionary

noun

the act of endowing
that with which something is endowed; specif., any bequest or gift that provides an income for an institution or person
a gift of nature; inherent talent, ability, quality, etc.

Origin: ME endouement

See endowment in American Heritage Dictionary 4

noun