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
Michelle’s Place Breast Cancer Resource Center, Oak Grove Center for Education Treatment & the Arts, and Santa Rosa Plateau Nature Education Foundation have agency endowment funds to support their permanence in the community.
Turtles will be sold upon request to schools, organizations, businesses and individuals at a cost to be determined, split between the manufacturer and the society’s endowment fund.
The money will serve to ensure the project's completion, build a spading and neutering facility, and fund an endowment for Animal Services, said Cathy Zion, a board member on the Friends of Metro Animal Services nonprofit.
In lieu of flowers, donations can be made to the Peace United Methodist Church endowment fund.
McRaven was honored on Friday with an endowment for use by future chancellors.
Gupta was with the Harvard endowment for more than 10 years, according to the statement.
The endowment for Texas’ state universities held about $491 million in physical gold bullion as of Aug. 31, reportedly at HSBC bank in New York.
Aside from the construction costs, the orchestra is raising $50 million to retire its pension debt, strengthen its endowment and cover its growing operating deficit — which is tied to being at the Marcus Center.
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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