Endowment

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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 classic literature ?
Distinction between the sterility of first crosses and of hybrids -- Sterility various in degree, not universal, affected by close interbreeding, removed by domestication -- Laws governing the sterility of hybrids -- Sterility not a special endowment, but incidental on other differences -- Causes of the sterility of first crosses and of hybrids -- Parallelism between the effects of changed conditions of life and crossing -- Fertility of varieties when crossed and of their mongrel offspring not universal -- Hybrids and mongrels compared independently of their fertility -- Summary.
The distinction has probably been slurred over, owing to the sterility in both cases being looked on as a special endowment, beyond the province of our reasoning powers.
In this contention, nature may seem to some to have come off victorious, as she bestowed on him many gifts, while fortune had only one gift in her power; but in pouring forth this, she was so very profuse, that others perhaps may think this single endowment to have been more than equivalent to all the various blessings which he enjoyed from nature.
Married yesterday -- that's what those flags are for on the Endowment House.
The funds that are restricted consist of the ACA life memberships and the scholarship contributions for the three accredited camps which have started scholarship endowments.
Tilman will discuss the need for asset liability management for endowments looking to increase returns while controlling risk.
The Endowment Index helps trustees, portfolio managers, consultants and advisors to endowments, foundations, trusts, defined benefit/defined contribution plans, pension plans and individual investors more appropriately track the performance of and analyze globally-diversified, multi-asset portfolios.
Chairman of the Endowments Committee at the Makkah Chamber of Commerce Sharif Aladiin Shaker Al-Ghalib said that the committee owes billions of riyals in reimbursements to owners of appropriated lands for expansion projects in the holy city.
As outside sources of funds level and decrease and many institutions try to hold the line on boosting tuition and fees, the income from endowments is being increasingly looked to as a future source for dosing funding gaps for scholarships, fellowships, supplements for teachers and researchers and various light and water expenses.
Not all endowments can be topped up and charges will eat into the new saving.
You could keep the endowments running as, now they are not linked to your mortgage, you can use them as savings plans.
According to figures from the Consumers Association, across the UK as a whole there are five million people who may have been mis-sold endowments and could be entitled to compensation.