Definition of Endowment:
Aggregate of all positives (assets, abilities, capacities, qualities, etc.) that an individual starts out with.
Gift of money or income producing property to a public organization (such as a hospital or university) for a specific purpose (such as research or scholarships). Generally, the endowed asset is kept intact and only the income generated by it is consumed.
The action of endowing something or someone.
An endowment is a donation of money or property to a nonprofit organization, which uses the resulting investment income for a specific purpose. An endowment can also refer to the total of a nonprofit institution's investable assets, also known as its principal or corpus, which is meant to be used for operations or programs that are consistent with the wishes of the donor(s). Most endowments are designed to keep the principal amount intact while using the investment income for charitable efforts.
Endowments are typically organized as a trust, private foundation, or a public charity. Many endowments are administered by educational institutions, such as colleges and universities. Others are overseen by cultural institutions, such as art museums or libraries, religious organizations, and service-oriented organizations, such as retirement homes or hospitals.
Synonyms of Endowment
Funding, Financing, Subsidizing, Altmann theory, DNA, De Vries theory, Galtonian theory, Mendelianism, Mendelism, RNA, TLC, Verworn theory, Weismann theory, Weismannism, Wiesner theory, Abilities, Ability, Accommodation, Accordance, Accouterment, Allele, Allelomorph, Allotment, Allowance, Appanage, Aptitudes, Armament, Attributes, Award, Awarding, Bequest, Bestowal, Bestowment, Birth, Bread, Bump, Caliber, Capabilities, Capability, Capacities, Capacity, Care, Catering, Chandlery, Character, Characteristics, Chromatid, Chromatin, Chromosome, Communication, Concession, Conferment, Conferral, Contribution, Daily bread, Deliverance, Delivery, Determinant, Determiner, Diathesis, Donation, Dot, Dower, Dowry, Economic support, Empowerment, Enablement, Endowments, Equipment, Eugenics, Factor, Faculty, Finding, Fitting out, Flair, Forte, Foundation, Furnishing, Furnishment, Gene, Genesiology, Genetic code, Genetics, Genius, Gift, Gifting, Gifts, Giving, Grant, Granting, Hereditability, Heredity, Heritability, Heritage, Impartation, Impartment, Inborn capacity, Inheritability, Inheritance, Instinct, Investiture, Investment, Jointure, Keep, Legal jointure, Liberality, Livelihood, Living, Logistics, Long suit, Maintenance, Makings, Manna, Marriage portion, Matrocliny, Meat, Metier, Mothering, Natural endowment, Natural gift, Nourishment, Nurture, Offer, Outfitting, Parts, Patrocliny, Pharmacogenetics, Portion, Potential, Power, Powers, Preparation, Present, Presentation, Presentment, Price support, Procurement, Properties, Providing, Provision, Provisioning, Purveyance, Qualification, Recessive character, Reinforcement, Replenishment, Replication, Resupply, Retailing, Selling, Settlement, Speciality, Strengths, Strong flair, Strong point, Subscription, Subsidization, Subsidy, Subsistence, Subvention, Supply, Supplying, Support, Surrender, Sustainment, Sustenance, Sustentation, Talent, Talents, Tender loving care, The goods, The stuff, Thirds, Upkeep, Victualing, Vouchsafement, What it takes
How to use Endowment in a sentence?
- He tried to promote the endowment of a Chair of Psychiatry.
- Endowments tend to be organized as a trust, a private foundation, or a public charity.
- As a very wealthy man, my father willed an endowment to the local community college specificly to be utilized by unwed mothers under the age of 18.
- The endowment to the arts program in the community made possible a wide variety of cultural arts programs and performances.
- Most endowments are designed to keep the principal amount intact while using the investment income for charitable efforts.
- Many non-profit organizations set up endowment s to sustain their fundraising efforts over a long period of time, as its principal balance remains intact and the interest generated from it is used for operating or fundraising purposes.
- Educational institutions, cultural institutions, and service-oriented organizations typically administer endowments.
Meaning of Endowment & Endowment Definition