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Endowment
01
natural abilities or qualities
02
the act of endowing with a permanent source of income
03
a financial contribution or asset given to support specific purposes, like education or charitable activities
Example
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.
As the grantor of the endowment, the foundation will oversee distributions that benefit medical research programs in perpetuity.
The library's endowment allowed for the expansion of its collection and digital resources.
