endowment endowment  /ɛn ˈdaʊ mənt/

Definition(s):

  1. (n) the capital that provides income for an institution
  2. (n) the act of endowing with a permanent source of income
  3. (n) natural abilities or qualities

Usage(s):

  1. The total value of Harvard's endowment plunged nearly 30 percent in the last fiscal year as the Ivy League institution's portfolio was battered by the worldwide recession.
  2. The subject of the flap is the re-creation of an endowment ceremony, a ritual affirmation of faith which is allowed only to be witnessed by church members in good standing.
  3. The endowment has rarely attracted public attention, though its budget grew from $2.

News

  1. MILPITAS CALENDAR for the week of June 14, 2013

    The Milpitas Community Educational Endowment is selling Oakland A's tickets to the July 27 game against the Anaheim Angels as a fundraiser. Tickets are $25 each for early bird prices through June 30 and $30 afterward (through July 19) for box seats.
    on June 13, 2013     Source: The Milpitas Post

  2. Heinz Endowment funds McKeesport’s investment in youth

    By Jennifer R. Vertullo, McKeesport Daily News With financial support from the Heinz Endowment, McKeesport is seeking a diverse “cast” of youth to invest in the community. The Select Committee on Crime ...
    on June 12, 2013     Source: The Mckeesport Daily News

  3. Arts endowment honors 9 National Heritage Fellows

    WASHINGTON (AP) — The National Endowment for the Arts has named nine new artists with National Heritage Fellowships, one of the highest honors for folk and traditional arts.
    on June 11, 2013     Source: The Daily Reflector

Quotes

  1. In an e-mail to faculty, staff, and students Monday, school President Drew Faust said Harvard needs to prepare for "unprecedented endowment losses and plan for a period of greater financial restraint."
    on Nov 10, 2008 By: Drew Gilpin Faust Source: International Herald Tribune

  2. "What we've found so far is merely the tip of the iceberg," Harper said. "Managed properly, Canada's share of this incredible endowment will fuel the prosperity of our country for generations. And geo-mapping will pave the way for the...
    on Aug 26, 2008 By: Stephen Harper Source: International Herald Tribune

  3. "Jazz is America's greatest single musical tradition," Gioia said in an interview, "and I don't see the purpose of having a National Endowment for the Arts unless jazz is one of the things that we support seriously."
    on Oct 19, 2008 By: Dana Gioia Source: International Herald Tribune

Word of the Day
affectation affectation
/ˌæ fɛk ˈteɪ ʃən /