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
Recent Examples of endowment from the Web
Proceeds from the event benefit AIDS CT, with 20 percent going to The Richard B. Fried Fund, an endowment administered by Hartford Foundation for Public Giving.
Wolff referred to Texas’ lawsuit against the tobacco industry that resulted in 1998 in a $14 billion settlement, some of which went to an endowment that funds children’s health care and cancer research.
About 40 percent of Conner Prairie's $12.9 million operating budget (2016) comes from an endowment left by Lilly, Burns said.
The largest donation to Interfaith was a $4 million gift from George Wynhoff to establish an endowment for families to receive services.
The remainder of the $2.3 million in funds received as part of the Sherman gift was put into an endowment which will provide support for the many programs and services of the agency which serve people of all ages and beliefs.
An endowment was created to continue purchasing art for the union gallery.
To that end, Grams said, the ESO recently launched an aggressive fundraising campaign that hopes to bring in $4 million over three years to seed an endowment and another $1.5 million per year to cover operational costs.
Philanthropist Eli Broad came to the rescue, pledging $15 million for exhibitions over five years, plus up to $15 million for the endowment.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'endowment.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Financial Definition of ENDOWMENT
What It Is
How It Works
In the broadest sense, an endowment is a donation that is given to a non-profit institution on the condition that it is used for the benefit of that organization. Most endowments are designed to provide a permanent source of income by keeping the original amount invested and using the accrued income from dividends for its charitable purpose.
An example of an endowment is a sizable donation to a university on the condition that it is invested and that the proceeds from the investment are used for an annual undergraduate scholarship.
Why It Matters
Endowments are given to non-profit organizations with the intention that they be used to advance the mission of the organization for the long term. Endowments of large institutions, such as major private universities, sometimes become significant players in the financial world due to the significant amount of money that the endowment is investing.
ENDOWMENT Defined for English Language Learners
Definition of endowment for English Language Learners
: 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
ENDOWMENT Defined for Kids
legal Definition of endowment
- the university's ability to attract endowment
- an endowment to maintain the gallery
- chairwoman of the state's arts endowment
Seen and Heard
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