Define: Endowment

Endowment
Endowment
Quick Summary of Endowment

A permanent fund bestowed upon an individual or institution, such as a university, museum, hospital, or foundation, to be used for a specific purpose.

What is the dictionary definition of Endowment?
Dictionary Definition of Endowment
n. the creation of a fund, often by gift or bequest from a dead person's estate, for the maintenance of a public institution, particularly a college, university or scholarship.
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This glossary post was last updated: 29th March 2024.

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