Definition of "endowment"
endowment
noun
countable and uncountable, plural endowments
Something with which a person or thing is endowed.
Quotations
I suppose it is a truth too well attested to you, to need a proof here, that we are a race of beings, who have long labored under the abuse and censure of the world; that we have long been looked upon with an eye of contempt; and that we have long been considered rather as brutish than human, and scarcely capable of mental endowments.
1791, Benjamin Banneker, Letter to Thomas Jefferson on racism and slavery (19 August 1791)
Thus it was with Henrietta. She knew more of the world than most women of her years; for her converse had been chiefly with her uncle, a man of remarkable endowments: and she had read an infinite variety of book—read them, too, with that quick perception which seizes motive and meaning with intuitive accuracy.
1837, L[etitia] E[lizabeth] L[andon], “Age and Youth”, in Ethel Churchill: Or, The Two Brides. […], volume I, London: Henry Colburn, […], page 8
Property or funds invested for the support and benefit of a person or not-for-profit institution.
Quotations
Not content with the natural neglect into which Sight Recognition was falling, they began boldly to demand the legal prohibition of all "monopolizing and aristocratic Arts" and the consequent abolition of all endowments for the studies of Sight Recognition, Mathematics, and Feeling.
1884, Edwin Abbott Abbott, in chapter 8 of his novella Flatland
Investors face a quandary. Cash offers a return of virtually zero in many developed countries; government-bond yields may have risen in recent weeks but they are still unattractive. Equities have suffered two big bear markets since 2000 and are wobbling again. It is hardly surprising that pension funds, insurers and endowments are searching for new sources of return.
2013 July 6, “The rise of smart beta”, in The Economist, volume 408, number 8843, page 68