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 ?
It will later endow $50m in Japan, realization to due diligence and more essential sanctions.
The Tampa law firm of Fowler, White, Gillen, Boggs, Villareal & Banker has teamed up with TECO Energy to endow a chair to Bay Area Legal Services.
I am thrilled that Andrew and Justin have decided to endow the Real Estate Forum," Schill said.
Appalachian Power is projecting to endow another $600,000 this year in planned downtown transformer upgrades.
Financial giant JP Morgan Chase is projecting to endow $100 million over five years into Detroit to back up and speed up the bankrupt city s economic recovery.
25 million to endow the new center, which will create research and professional programs targeted at educating the next generation of urban leaders.
TDK-Lambda UK is proceeding to endow heavily in its North Devon Manufacturing and R&D facility.
That is why we are pleased to endow the JCPenney Leadership Chair and Center at the University of Oklahoma.