endowment
money donated to an organization to help it operate
STATISTICS
IN THE PRESS
College ENDOWMENTS Show Little Investment Skill
(Forbes magazine)
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"It is not profiteering. Whatever we do with the ENDOWMENT is to enable the college to continue its purposes, which are academic research at Oxford University. We are a charity, not a profit-making organisation."
(The London Telegraph)
(Forbes magazine)
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"It is not profiteering. Whatever we do with the ENDOWMENT is to enable the college to continue its purposes, which are academic research at Oxford University. We are a charity, not a profit-making organisation."
(The London Telegraph)
Did you
know?
endowment
noun
- money that is given to an organization in order to provide it with an income, or the giving of this money
endow
verb
(Cambridge Dictionaries)
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An endowment is a charitable donation in the form of real property, assets or funds usually given to an institution to support a specific goal. Common endowment recipients are libraries, universities and hospitals.
Endowments are generally quite large and an institution often receives multiple endowments which are pooled in a common fund. Typically, the principal of the endowment is invested and the interest is used to fund projects.
A list of the top European universities by endowment (figures from 2011) show the University of Cambridge leading with an endowment of more than €5 billion, followed by the University of Oxford (approx. €4.2 billion) and the Swiss Federal Institute of Technology and University of Copenhagen (both around €1 billion). In comparison, Harvard University’s endowment is more than €30 billion.
The word endowment stems from the verb "to endow," which derives from the late 14th century "indowen" (provide an income for) and further from the Anglo-French endover (en = in + Old French douer = provide money)
(sources: Wisegeek, Wikipedia)
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SYNONYMS
grant, donation, largess, stipend, trust, gift, fund, bequest, benefaction
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SMUGGLE OWAD into today's conversation
"Most colleges cannot survive without some kind of endowment."
noun
- money that is given to an organization in order to provide it with an income, or the giving of this money
endow
verb
(Cambridge Dictionaries)
---
An endowment is a charitable donation in the form of real property, assets or funds usually given to an institution to support a specific goal. Common endowment recipients are libraries, universities and hospitals.
Endowments are generally quite large and an institution often receives multiple endowments which are pooled in a common fund. Typically, the principal of the endowment is invested and the interest is used to fund projects.
A list of the top European universities by endowment (figures from 2011) show the University of Cambridge leading with an endowment of more than €5 billion, followed by the University of Oxford (approx. €4.2 billion) and the Swiss Federal Institute of Technology and University of Copenhagen (both around €1 billion). In comparison, Harvard University’s endowment is more than €30 billion.
The word endowment stems from the verb "to endow," which derives from the late 14th century "indowen" (provide an income for) and further from the Anglo-French endover (en = in + Old French douer = provide money)
(sources: Wisegeek, Wikipedia)
---
SYNONYMS
grant, donation, largess, stipend, trust, gift, fund, bequest, benefaction
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SMUGGLE OWAD into today's conversation
"Most colleges cannot survive without some kind of endowment."
