Definition & Meaning of "endowment"in English

Endowment

NOUN

a natural talent, ability, or quality possessed by a person

Examples

Her musical endowment was evident from a young age.

He has an endowment for languages, learning them effortlessly.

money or property donated to an institution, the income from which is used for its support

What is an "endowment"?

An endowment is a large sum of money or assets donated to an institution, such as a university or charity, that is intended to be invested to generate income. The income from the endowment is used to support the institution's ongoing activities, such as scholarships, research, and other programs. The principal amount of the endowment is usually kept intact, while the earnings are spent. Endowments help ensure the long-term financial stability of an organization by providing a reliable source of funding over time.

Examples

The university 's scholarship program is funded by its endowment.

The museum expanded thanks to a generous endowment.

the action of providing an institution or entity with a permanent source of income or capital

Examples

The philanthropist 's endowment of the arts center secured its future.

The endowment of the hospital ensured continuous medical services.

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