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 ?
Over the past three years, by endowing vulnerable species with a gene for a coat protein of their viral enemies, researchers have produced plants that tolerate tobacco, alfalfa and cucumber mosaic viruses, potato viruses X and Y, and tobacco etch and rattle viruses, says biologist Roger N.
The stage-agnostic investor would also seek at endowing in wearable technology companies throughout the world as they touch the entire spectrum of computing.
The Director of the Hoover Institution, John Raisian, said: "Leonard and Shirley Ely have stepped forward to significantly help the Hoover Institution at this time by endowing a senior fellow position.