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endowment

noun

/ɛnˈdaʊ mənt/

IPA:

Dictionary definition of endowment

A substantial sum of money, property, or assets that are donated or bequeathed to an organization, institution, or individual for the purpose of providing ongoing financial support.
"The generous endowment allowed the university to establish a new scholarship program."

Detailed meaning of endowment

An endowment is typically established with the intention of generating income or investment returns, which are then used to fund specific activities, programs, scholarships, or initiatives. It serves as a long-term financial resource, allowing the recipient to sustain and enhance their operations or fulfill their mission over an extended period. Endowments are commonly found in educational institutions, cultural organizations, and nonprofit entities, providing a stable source of funding for research, scholarships, artistic endeavors, or other designated purposes. The careful management and prudent investment of endowment funds are critical to ensure their longevity and to preserve their intended impact for generations to come.

Example sentences containing endowment

1. The university received a generous endowment from a wealthy donor.
2. Her artistic endowment allowed her to express herself through various mediums.
3. The endowment fund supports scholarships for underprivileged students.
4. The museum's endowment ensures the preservation of priceless artworks.
5. The endowment ceremony celebrated the achievements of the graduating class.
6. The philanthropist's endowment established a research center for medical advancements.

History and etymology of endowment

The term 'endowment' traces its origins to the Old French word 'endouer,' which means 'to provide with a dowry.' This Old French word, in turn, is derived from the Latin word 'dotare,' which means 'to endow or give a dowry.' In its early usage, 'endowment' primarily referred to the act of providing a dowry, typically a sum of money or property, to a bride upon her marriage. Over time, the word evolved to encompass a broader meaning, now referring to a substantial sum of money, property, or assets that are donated or bequeathed to an organization, institution, or individual for the purpose of providing ongoing financial support. This evolution in meaning reflects how language adapts to changes in societal practices and priorities.

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Further usage examples of endowment

1. The endowment provided financial stability for the nonprofit organization.
2. The endowment helped launch a new program to promote environmental conservation.
3. The endowment committee carefully manages the investment portfolio.
4. The endowment's growth over the years has allowed for expanded services.
5. The endowment fund awarded grants to promising entrepreneurs.
6. The endowment provides ongoing support for the performing arts community.
7. The generous endowment enabled the construction of a state-of-the-art facility.
8. The endowment's annual interest income supports various educational initiatives.
9. The museum curator was tasked with preserving the endowment's collection.
10. The endowment's impact reaches far beyond its initial monetary value.
11. The endowed professorship attracts top talent in the field of science.
12. The endowment's annual report highlights the organization's accomplishments.
13. The university president acknowledged the importance of alumni contributions to the endowment.
14. The endowment's success is a testament to the vision and dedication of its founders.