endowment

(noun)

The invested funds of a not-for-profit institution.

Examples of endowment in the following topics:

  • The Public-Education Function of Congress

    • In 1965, Congress passed an act allowing the Library of Congress to establish a trust fund board to accept donations and endowments, giving the Library a role as a patron of the arts.
    • The Library received the donations and endowments of prominent individuals such as John D.