endowment

noun | en·dow·ment

1. : the act or process of endowing

   a : the income of an institution derived from donations the university's ability to attract endowment

   b : the property (as a fund) donated to an institution or organization that is invested and producing income an endowment to maintain the gallery

3. : an endowed organization or institution : foundation chairwoman of the state's arts endowment

4. : endowment insurance