C1nounformalmoneyeducation
US/ɪnˈdaʊ.mənt/
UK/ɪnˈdaʊ.mənt/
a large gift of money given to an institution to provide a regular income
In context
The university used its endowment to fund scholarships for low-income students.
A generous endowment from a former student paid for the new library.
The museum survives on the income from its endowment rather than ticket sales.
Words that go with endowment
noun + noun
- university endowmentThe university endowment grew by eight percent this year.
- endowment fundThe endowment fund supports research in medicine.
- endowment incomeEndowment income covers part of the annual budget.
verb + noun
- receive an endowmentThe school received an endowment of two million dollars.
- manage an endowmentTwo investors manage the endowment for the hospital.
noun + preposition
- endowment ofAn endowment of five million dollars created the chair.