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 periodicals archive ?
The first collective-endowment park in the world will be established with the members of the UAE community donating the palm trees, which in turn will become an agricultural endowment, said the report.
The 805 schools that participated in the 2016 study collectively had $515 billion in endowment assets.
Endowment is encouraged as a form of a well-established and continuous charity that goes beyond the lifetime of the donor.
The GCC Endowment Week includes several, seminars and lectures at different governorates to raise awareness on different forms of endowments and promote endowment culture in the society.
Most colleges and universities base their endowment draws on a 36- to 60-month moving average of their investments' market value.
Endowment returns at a glance Annual net total return for U.S.
Worcester has 11 colleges and universities with varied student populations, tuition costs and endowment funds.
Numerous studies has so far been conducted in the field of endowment and civilization of Yazd has also been studied by many researchers.
Offered every other year, this competitive grant is awarded to one nonprofit organization that demonstrates the strength, support, and ability to grow an Endowment Fund.
Two-thirds of endowments increased their spending dollars, with an average increase of 17.3 percent among those that raised endowment spending, according to the study.
Howard University, for example, saw the value of its endowment for fiscal year 2013 rise to $516 million, compared to $460 million for fiscal year 2012.