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 ?
Former AUB faculty member Nadim Munla said an endowed scholarship fund was an especially appropriate memorial for his good friend and former classmate.
Al Marri said they are thinking of referring the management of endowed properties to specialised offices, experienced in the field, to cut expenses from 2 to 10 per cent.
Retired servicemen who live at the hospital David Austin (far left) and Ren Jones (right), with (from second left) Lt Col Gerald Lesinski, Belinda Shuttleworth, deputy clerk with The King Henry VIII Endowed Trust, and John Edwards
The creation of an Endowed Chair requires a $2 million investment.
As at Rollins, the endowed positions lined up with existing donor interest.
The Walling Family Endowed Scholarship ($500): Emily K.
WORCESTER - The endowed scholarships of Worcester State College got a boost yesterday as alumni and families announced donations of more than $100,000 during annual reunion weekend dinners.
As new UO team stunt and gymnastics coach Felecia Mulkey begins to market her program after being hired Thursday, she'll be armed by what she said could be the nation's first fully endowed scholarship for the sport.
Tilghman also announced that a major gift of $1 million, along with a challenge grant of $750,000, has been made for a new endowed museum curatorship.
endowed scholarship for the New Jersey Institute of Technology (NJIT), School of Architecture (SOA).
Endowed with a beautifully proportioned body and a cherubic face, Judson impresses with elegant lines and lofty ballon.