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
Other Word Forms of Endowment
Endowment Sentence Examples
In 1909 the endowment was about $1,389,600, and the school property was valued at about $1,117,660.
Another educational endowment is Freeman's school, founded by John Freeman in 1711.
Campbell, a Belfast merchant, who left 200,000 for the building and endowment of a public school.
It culminated in 1864, when the country clergy, provoked by the final acquittal of the essayists, had voted in convocation against the endowment of the Greek chair.
Since the state endowment ceased the average income of ministers from their congregations has considerably increased.