Definition, Meaning & Synonyms

endowments

noun

ɪnˈdaʊ.mənts

Definition

Endowments refer to funds donated to an institution, often in the form of money or property, which are invested to generate income for future use.

Examples

The university’s endowments allowed it to expand its programs and provide scholarships.
Many arts organizations rely heavily on endowments to fund their projects.
The museum benefited from a substantial endowment that ensured its future operations.

Meaning

The term ‘endowments’ implies the provision of resources—usually financial—that support the ongoing activities or objectives of an organization, particularly in education or charity.