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English definition of “endowment”

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endowment

noun uk   /ɪnˈdaʊ.mənt/ us  
[C or U] money that is given to a college, hospital, etc. in order to provide it with an income, or the giving of this money: The school has received an endowment of $50,000 to buy new books for the library. [C] something that you have from birth, often a quality: There are tests that can establish a baby's genetic endowment.
(Definition of endowment from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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