endowment[en do̵u′mənt, in-]
- 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.
- 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.
- 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 of endowmentMiddle English endouement
- The act of endowing.
- Funds or property donated to an institution, individual, or group as a source of income.
- A natural gift, ability, or quality.
- Something with which a person or thing is endowed.
- Funds invested for the support and benefit of a not-for-profit institution.
endowment - Investment & Finance Definition
A donation of money, stock, or property that is given to a non-profit organization, or the total assets that a nonprofit organization has invested. Usually funds given to endowments are significant. An endowment may be used to fund capital improvements or build new buildings, or it may be used to fund special programs or ongoing expenses. Often people leave money for an endowment in their will.