How to Pronounce endowment?

Correct pronunciation for the word "endowment" is [ɛndˈa͡ʊmənt], [ɛndˈa‍ʊmənt], [ɛ_n_d_ˈaʊ_m_ə_n_t].

"Endowment" in context

Endowment is the act of giving money and other assets to a non-profit organisation, educational institution, or religious body. The purpose of an endowment is typically to create a pool of capital that will endure over time and provide a steady source of revenue to support the activities of the organisation. Endowments are generally funded by a combination of philanthropic donations, grants, and investments. Endowment funds are often managed by an independent board of trustees who are responsible for developing and overseeing the organisation's investment and spending strategies.

Endowments provide a number of benefits to the organisations and individuals involved.


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