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 ?
This new endowed professorship, in tandem with the recruitment of exceptional new faculty over the last 10 years, will stand as an enduring tribute to all he has accomplished for the College now and far into the future.
Anne Dhu McLucas Fmid Just $751 Shy of Being Endowed
Guaranteed DBs; CV Accumulation; Low Premium to Endow; Low COIs; Long Term Values
If all members were to pledge a few hundred dollars over the next few years, many of the awards could be endowed. Any additional money could then be spent for worthwhile projects such as the legacy fund.
Honoring the powerful symmetry that endows his novel with unity and force, Siddhartha is the vehicle for Govinda's release from samsara.
ING "Reliastar Life" ING Protector UL (07) Low Premium to Endow & Carry; Death Benefit Sales
The effort to endow the chair was spearheaded by Ed Walborsky, a 1979 graduate and outgoing president of the college of law's alumni association.
To endow commercial crops with a novel trait, such as herbicide resistance or freeze tolerance, genetic engineers traditionally first find some other plant with the desired quality.
The Foundation, during the ASAE Annual International Meeting, determined that efforts must be made to endow all award funds for the purpose of stabilizing the program.
Jefferson Pilot Life JPF Ensemble SL Low Premium to Endow & Carry; High Cash Value; Maximum Retirement Income; Rolling Target
"For me, it is an honor and privilege to endow this scholarship," said Mr.
Reece Smith, Jr., Professorship Endowed: The Joy McCann Foundation donated $500,000 to Stetson University to endow the Wm.