endowment

Definition

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

Use endowment in a sentence

You may receive an endowment and it could be a good idea to look to make a risky investment with it.

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When the young man of only tewnty was born the endowments he was given was muscle, intelligence, and amazing good looks.

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Dr, John Smith's sizeable endowment to The University of Missouri in 1963 continues to allow low income students majoring in medicine to attend the university tuition free.

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institutional fund Unitized Endowment Pool (UEP)