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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
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.
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.
03
the act of endowing with a permanent source of income
Example
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