Endowment

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Related to endowed: usurpations

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 ?
Now do these complex and singular rules indicate that species have been endowed with sterility simply to prevent their becoming confounded in nature?
It will be advisable to explain a little more fully by an example what I mean by sterility being incidental on other differences, and not a specially endowed quality.
Donna Pace, Nursing and Allied Health Empowerment Endowed Professorship.
Gordon Endowed Fund will support development of interactive programs to inform and motivate future engineers, including the Gordon Innovative Engineers Exhibit spotlighting engineering leaders.
Some $5 billion has been projected to be endowed by the LUKoil, Russia's second-largest oil producer, in projects in Uzbekistan over the next five years.
Chiefly, the investments would be from its $250-million fund, from which it has already been endowed about 80 per cent.
CSR plc announced today that the latest Motorola Integrated Digital Enhanced Network (iDEN) handsets are endowed with CSR's BlueCore3-ROM cellular Bluetooth IC.
Rs 110 crore has been endowed by the SBI Macquarie in Ashoka Buildcon's road construction subsidiary Ashoka Concessions (ACL).
Alberg of the Bloomberg School for Public Health at Johns Hopkins University, has been appointed the "Blatt Ness Distinguished Endowed Chair in Oncology" at the Medical University of South Carolina (MUSC) Hollings Cancer Center (HCC).
5 million to help fund an endowed chair dedicated to research.
Founders Award Sponsored by the American Brain Foundation and endowed by the Alliance Founders and S.