endowment

Definition of "endowment":** An endowment is a financial gift or donation, typically made to an institution, that is invested to generate income for specific purposes, often to support programs, scholarships, or operational costs over the long term.

Examples of "endowment" in Sentences

Contextual Sentences:**
The university received a generous endowment from an alumnus, which will significantly enhance its research programs and provide scholarships for deserving students
Many nonprofit organizations rely on their endowments to ensure financial stability and continue their mission even during economic downturns

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