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Endowment
01
natural abilities or qualities
02
a financial contribution or asset given to support specific purposes, like education or charitable activities
03
the act of endowing with a permanent source of income
endowment
n
endow
v
Example
The foundation received a liberal endowment from an anonymous benefactor.
The university endowment's holding includes stakes in private equity and venture capital funds.
The cultural institution relied on its endowment to finance ongoing art exhibitions and programs.
The school used its endowment to enhance facilities and offer extracurricular programs.
The university used a significant endowment to establish a scholarship fund for deserving students.
