Endowment


Also found in: Dictionary, Thesaurus, Medical, Legal, Wikipedia.
Related to Endowment: endowment fund, Endowment policy

Endowment

Gift of money or property to a specified institution for a specified purpose.

Endowment

1. Money or property that one or more donors leaves to an institution, especially a non-profit, with the expectation that it will be invested. That is, the institution invests its endowment and helps finance its activities with the profit from the investments. Examples of institutions that commonly have endowments are charities, scholarship funds, and universities.

2. A provision in some life insurance agreements whereby the insurance company pays the death benefit when the policyholder reaches a certain age. For example, rather than waiting for death to actually occur, the company may pay the death benefit when the policyholder turns 100 years old.

endowment

see FACTOR ENDOWMENT.
References in periodicals archive ?
He added: CYLKA has become the first Kuwaiti enterprise that has allocated project management, PR and media services to the Kuwaiti Business Council as an endowment.
Al Kaabi said an endowment is a permanent or term fund of property or money established to benefit an institution or person.
As per the new law, AMAF is mandated to receive all necessary documentation from endowment bodies that wish to formally register themselves and be a part of the wider waqf infrastructure.
Addressing a Press conference in Dubai on Sunday, Tayeb Al Rais, secretary general of Amaf, said: "The new Endowment Law (Law No.
The park is being developed by Dubai Municipality in co-ordination with Mohammed Bin Rashid Global Centre for Endowment Consultancy (MBRGCEC), reported state news agency Wam.
Private colleges with substantial endowment wealth have increasingly become ivory tower tax havens," wrote Eaton, whose study was published in conjunction with the University of California-Berkeley.
Ettl, a former executive vice president and chief information chief information officer at Pimco, had been the chief operating officer at the Harvard Management Company, which runs the endowment, before assuming its top leadership position in May, when CEO Stephen Blyth took a leave for medical reasons before eventually resigning in July.
The Endowment Fund for School Choice is a registered 501(c)(3) tax-exempt organization.
At second place is Hendrix College in Conway, with an endowment of $181.
Salim bin Hilal al-Kharousi, Director General of Awqaf and Treasury House at the Ministry of Awqaf and Religious Affairs said that the 1 st GCC Endowment Week is the first achievement of the meeting of the GCC Endowment Ministers.
Worcester has 11 colleges and universities with varied student populations, tuition costs and endowment funds.
Numerous studies has so far been conducted in the field of endowment and civilization of Yazd has also been studied by many researchers.