Endowment

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Related to endows: disuse, affinities

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 classic literature ?
A few were hopeless imbeciles, unable to comprehend more than the rudimentary requirements of filling their bellies when food was placed before them; yet even these were endowed with superhuman strength; and when aroused battled the more fiercely for the very reason of their brainlessness.
And now as she made surmises as to who people were, what were their relations to one another, and what they were like, Kitty endowed them with the most marvelous and noble characters, and found confirmation of her idea in her observations.
The company said it endows globally, and endows in everything from mobile, enterprise, infrastructure, to gaming and different industries.
This endows them with a distinct sculptural quality, or, as Juhani Pallasmaa has observed, the aura of a still life by Giorgio Morandi, the pristine cubes and bulbous shafts of cacti like cups and bottles arranged on a tray, echoing his metaphysical compositions.
Honoring the powerful symmetry that endows his novel with unity and force, Siddhartha is the vehicle for Govinda's release from samsara.