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 periodicals archive ?
The Mohammed Bin Rashid Global Centre for Endowment Consultancy, one of the Mohammed bin Rashid Global Initiatives, will oversee the largest global initiative to revive Endowments including legislation and rules for endowments, products and services and the Endowment district.
The law will be applicable to Muslims and non-Muslims and all types of endowments," Al Kaabi said.
The waqf initiatives launched by His Highness have all been designed to revive the historic role of endowments and encourage entrepreneurs and private businesses to become active participants of the waqf community with the law facilitating related procedures and their sustainability.
University officials and their trade associations have argued that critics of endowments and endowment-related tax preferences are undermining the key financial pillar of higher education.
Some Foundations, Endowments Re-evaluating Hedge Fund Use
This is the first year Arkansas Business has published a list of the largest college and university endowments in the state, so some explanation is in order.
Muscat, June 12 (ONA) The 1 st GCC Endowment Week under the theme "Your Endowment Is Your Real Wealth" will begin tomorrow "Monday" at Oman Avenues Mall in Muscat under the auspices of Ali bin Khalfan al-Jabri, Undersecretary of the Ministry of Information.
Endowments are the savings accounts held by schools, and the investment returns on those accounts are important source of income.
Using library and documentary resources and referring to artistic works such as architecture works and their inscriptions as well as deed of endowments and stone inscriptions was associated to research topic.
It's the fifth year that the National Association of College and University Business Officers (NACUBO) partnered with Commonfund Institute to compile the NACUBO-Commonfund Study of Endowments (NCSE).
The preliminary study, "Commonfund Study of Endowments," released by the National Association of College and University Business Officers in November, reveals that educational endowments earned investment returns on average of 11.
Since the 1970s, university endowments have grown much faster than university expenditures as schools moved from bonds to stocks and, later, from stocks to alternative assets, such as hedge funds, private equity, and venture capital.