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
The value of the foundation investments, which were made from endowment funds, has declined 83 percent, and several of the companies are closed or bankrupt, auditors found.
The Fletcher Fourth of July celebration also provides the family an opportune time to gather and determine which local charities will receive earnings from the Fletcher family foundation endowment.
But on Sunday, Cohen was in for a surprise: Pius XI has launched a permanent endowment in his name, and Cohen's friends and family have already raised $175,000 for the fund.
The money built a $90 million hockey arena and create an endowment for scholarship funds.
The funds of the gift from this estate were put into an endowment which will provide vital support for the many programs and services of the agency — which serves people of all ages and beliefs in the South Palm Beach community.
Mills hopes to raise enough money to create a permanent endowment.
The $143 million budget does not include an operating endowment, for which Budig had hoped to raise extra funds.
New Leadership Turnover among university investing chiefs has been on the rise as investment performance has waned, with many institutions producing returns that trail endowment spending.
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.
First Known Use of endowment
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
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
Seen and Heard
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