Definition of «endowment»

Usage examples

1. John's parents established an endowment for their alma mater to provide scholarships for underprivileged students.
2. The local museum received a generous endowment from a wealthy philanthropist to support its operations and acquisitions.
3. Sarah decided to donate a portion of her inheritance as an endowment to a wildlife conservation organization.
4. The university used the endowment funds to build a state-of-the-art research facility for its science department.
5. The foundation's endowment helped fund a community center that offers various programs and services for disadvantaged youth.
6. The hospital utilized the generous endowment received from a benevolent donor to upgrade its medical equipment and enhance patient care.
7. The nonprofit organization relies on its endowment to sustain its ongoing programs and initiatives that aim to address social issues.
8. The city's arts council established an endowment to ensure the sustainability of local artistic endeavors and cultural events.
9. The foundation's endowment allowed them to launch a scholarship program for talented students pursuing careers in the arts.
10. The church's endowment fund assisted in renovating the historic building and preserving its architectural heritage.