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 ?
During its visit, the delegation from Saee for Awqaf Development gained insights about the endowment initiatives pioneered by the Foundation's Mohammed Bin Rashid Global Centre for Endowment Consultancy.
In spite of the long-term returns remaining below 6 percent, institutions continued to increase their endowment spending dollars.
The Distinguished Visitor Endowment will attract and appoint a Fay Jones Distinguished Visiting Professor and/or a Fay Jones Distinguished Lecturer annually.
Building and Managing Endowments. Lessons from Southeast Asia.
JEDDAH: The General Authority of Islamic Affairs and Endowments (GAIAE) launched its first initiative, the Endowment Investment Funds project, on Sunday, to organize, maintain, and develop endowments and manage yields.
What Are Endowments, and Why Do Colleges Have Them?
"Today's endowment foundation is an initiative that enables the community to become an integral part in investing of endowments, thereby enhancing the role of society in the sustainable development journey," said Khalid Rashid Al Thani, Deputy Secretary General of AMAF.
This came when the First Vice-President received Sunday in his office at the Council of Ministers, Minister of Guidance and Endowments , Dr Abubakar Osman who said in a statement to SUNA that he briefed the First Vice-President on progress of da'awa in the country , ongoing arrangements for Holy Quran Prize and preparations for Hajj, 1439H.
Real estate consultancy group Freehold Mediation and Information has launched a Dhs5m ($1.4m) endowment scheme to help small-scale property investors and real estate entrepreneurs find solutions to the difficulties they face.
(http://www.investopedia.com/ask/answers/06/universityendowment.asp) Colleges create endowments  by raising funds from alumni, companies and other donors, invest the money in stocks, bonds and other assets, and use the returns to fund student aid programs, professors' salaries and any other expenses needed to run a college.
The 2016 NACUBO-Commonfund study of 805 endowments showed that the 10-year average annual return fell to 5% from the previous year's 6.3%.
The Department of Endowment at the Ministry of Endowment and Islamic Affairs (Awqaf) has received the will of the woman, which dedicates one-third of her inheritance of movable and immovable assets to be managed by the department and spend the income from these properties in charitable activities and to promote piety