Simple Definition of endowment
: a large amount of money that has been given to a school, hospital, etc., and that is used to pay for its creation and continuing support
: the act of providing money to create or support a school, organization, etc.
: a person's natural ability or talent
Examples of endowment in a sentence
The hospital's endowment was established by a local family.
The college has a large endowment.
the endowment of a hospital wing
First Known Use of endowment
ENDOWMENT Defined for Kids
Definition of endowment for Students
1 : the act of providing money for support
2 : money provided for support <a college's endowment>
Legal Definition of endowment
1 : the act or process of endowing
2 : a result or product of endowing: as a : the income of an institution derived from donations <the university's ability to attract endowment> b : the property (as a fund) donated to an institution or organization that is invested and producing income <an endowment to maintain the gallery>
3 : an endowed organization or institution : foundation <chairwoman of the state's arts endowment>
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