Endowment

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Endowment

Gift of money or property to a specified institution for a specified purpose.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

endowment

see FACTOR ENDOWMENT.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
A spokesperson for the Endowed Schools told the Echo that the new vision for the Convent School's future "means that for the first time, parents and students from across the region will have the broadest choice possible between co-ed or single sex, across both preparatory and senior school - all on one campus of the Loughborough Endowed Schools family of four schools, plus a nursery.
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.
The finding not only prompted Hartlep to offer up a few solutions for how to diversify this elite niche of the professoriate --solutions that include more and earlier mentoring by distinguished professors and those who hold endowed chairs--it also gave him the idea for one of his next books.
Anne Dhu McLucas Fmid Just $751 Shy of Being Endowed
Now in its fifth year, the program is fully endowed and provides a permanent base of financial support for its undergraduate research assistantships.
Shatah's family and friends have chosen to honor our alumnus and his extraordinary life, legacy, and memory by establishing an endowed scholarship fund in his name."
The 3-D collaboration afforded by the endowed chair will include at least 60 dental hygiene and more than 400 radiologic sciences students every year in all levels, from associate to master's degrees.
The AGS, since its inception in 1996, has adopted a thorough plan to protect and safely invest plots of land, commercial compounds, and industrial buildings -- most of which were endowed by His Highness Dr Shaikh Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah.
Trustees of The King Henry VIII Endowed Trust, founded in 1545, made the grant after learning that roof repairs were going to cost the ex-servicemen's retirement home in the region of PS120,000.
James E Evans Endowed Chair in Agricultural Communications.
This is the second endowed staff position at Rollins, the other being at their Cornell Fine Arts Museum.