endowment fund
1
5.6
- noun
- /ɪnˈdaʊmənt fʌnd/
- Specialized
:
fondo de dotación
- The endowment fund on June 30, 2014, stood at $8,040,125, up from the previous year's total of $7,017,283, an increase of over $1 million.
Examples
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An endowment fund, MEF II, was established during the fiscal year ended June 30, 1987.
Academic text (2003) -
UTIMCO manages about $37 billion in assets, including the Permanent University Fund, an endowment fund valued at $17.9 billion.
Academic text (2016) -
My investment group handles their endowment fund.
-
Might we use some of our endowment income and get the new endowment fund going on this issue?
Blog text (14) -
I am very pleased to report that we completed the match well before the deadline of July 1, 2007, thus adding over $3 million to our endowment fund.
Academic text (2007) -
It is not uncommon to see pension funds or endowment funds with allocations of 50% in alternative investments.
Blog text (24) -
The endowment fund on June 30, 2013, stood at $7,017,283, up from the previous year's total of $6,445,732, an increase of over half a million dollars.
Academic text (2014) -
Making a gift to the endowment fund is the most sophisticated and visionary form of giving, and we thank those who have given to the endowment campaign for their farsighted generosity.
Academic text (2007) -
Among those who helped to reach this goal were the donors who, during the past year, created five new endowment funds named for the following people: Tom and Dottie Davis, Bob and Alice Jepson, Rick and Frances Meyer, Ben Tarbutton, and Marguerite Williams.
Academic text (2007) -
The university hopes to establish an eight-million-dollar endowment fund to support scholarships and research programs.
Synonyms
67
6.5
Money or property given to an organization to provide a permanent source of income
Antonyms
How Big
- Specialized
1
5.6
913
1.8
Surface Forms
Morphology
The meaning of 'endowment fund' is directly built from 'endowment' (assets given to provide ongoing income) + 'fund' (a sum of money designated for a purpose), so a learner who knows both words can infer it is a fund made of endowed assets used to support an institution. This compositional, institutional noun-noun compound follows common cross-linguistic patterns and is therefore immediately comprehensible to learners who know the constituents.
Etymology
Endowment fund comes from the idea of endow, to give a gift that keeps giving, and fund, a store of money. Long ago people gave money or land to start a school or church and the gift was kept to earn income, so an endowment fund today is money given and kept to 'support' an organization 'for a long time'.