The endowment
Example: The endowment supports long-term institutional development
Definition
"The endowment" refers to a financial gift or fund, often donated to an institution like a university or charity, intended to generate income to support ongoing activities or development over the long term.
Etymology
The word "endowment" originates from the Old French word 'endower' meaning to provide or bestow, which in turn comes from the Latin 'dotare,' meaning to give a dowry. Did you know that originally, endowments were related to marriage gifts, but now they mainly refer to financial support for institutions?
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"The endowment" appears in the Vocaplus list "English - General - (C1) - set 2", containing 116 commonly used words.
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