Endowment Definition

ĕn-doumənt
endowments
noun
endowments
The act of endowing.
Webster's New World
That with which something is endowed; specif., any bequest or gift that provides an income for an institution or person.
Webster's New World
A gift of nature; inherent talent, ability, quality, etc.
Webster's New World
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other
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.
Webster's New World Finance
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Other Word Forms of Endowment

Noun

Singular:
endowment
Plural:
endowments

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