Endowment


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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 classic literature ?
He is an Englishman, and in the midst of national and professional prejudices, unsoftened by cultivation, retains some of the noblest endowments of humanity.
During that period, I will endeavour earnestly and patiently, if ever man did, to open some prospect for myself, and free you from the burden you fear I should become if I married one whose worth and beauty are her chief endowments.
6, 2015 /PRNewswire/ -- The American Bar Endowment and New York Life Insurance Company are marking 60 years in a partnership that offers qualified lawyers quality, affordable group insurance plans.
Undoubtedly the endowment is a great act of worship; it is also a lofty message," the minister said.
In the Worcester area, endowment returns in 2014 were up and average of 15.
Following this elders, endowment tradition continued and in most important religious, economic and political cities, creation and development of large and important cases of endowment can be seen and benefited from its impacts in different fields [1].
KUWAIT, Nov 12 (KUNA) -- Seeking to give impetus to the Awqaf (religious endowments) in Muslim countries, the Ministry of Awqaf and Islamic Affairs announced Wednesday the issuance of a three-volume book on a unified pilot endowment law.
The Community Foundation of NCW has awarded a $50,000 Endowment Grant to the Numerica Performing Arts Center (PAC).
The average endowment was nearly $540 million and the median was $97.
The preliminary results, which measure endowment performance by financial size groups, do not identify institutions by name.
The Social Development Centre (SDC) has participated in 'Endowment Fulfillment Day' by hosting an informative pavilion to raise awareness about its kidney endowment project.
Participants discussed various topics related to endowment such as sadaka (charity), the evolution of endowment in Muslim communities and the need for modern ways to promote the significance of endowment in enhancing social solidarity.