Endowment
/ɪnˈdaʊmənt/
Definitions
- (n.) A donation of money or property to an institution providing income for its support.
The university's scholarship fund was increased through a generous endowment.
- (n.) A natural gift or quality possessed by a person.
Her endowment of creativity made her a successful artist.
Forms
- endowments
Related terms
See also
Commentary
In legal contexts, 'endowment' most commonly refers to funds or property donated to institutions, distinct from general donations by its purpose of providing ongoing support.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.