Funds or property donated to an institution, individual, or group as a source of income.(noun)
A natural gift, ability, or quality.(noun)
American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
Use "endowment" in a sentence
"The word endowment got a bigger response than Saran Wrap or Time magazine."
"An endowment is a permanent investment that grows over time while providing steady annual funding to continue and expand initiatives."
"Severe losses in endowment revenue, which in the past insulated materials budgets to a degree, have left even larger and wealthier libraries facing cuts ..."