Large amounts of money or property given to institutions to provide permanent income and support their work.
From endow + -ment (result or product of an action). The suffix -ment creates a noun meaning the permanent fund or gift itself.
Universities with massive endowments like Yale ($40+ billion) can weather financial storms because their endowments produce huge amounts of interest each year—it's like having an infinite money fountain!
Complete word intelligence in one call. Free tier — 50 lookups/day.