Endower

An endower is a person or entity that provides a financial gift, grant, or other form of support, typically to a charitable organization, institution, or individual. This contribution is often intended to establish a permanent fund or endowment, with the generated income used for specific purposes. The endower's intent is often to ensure the long-term sustainability and growth of the recipient, providing lasting benefits and promoting a cause they believe in. The term emphasizes the act of giving and the lasting impact of the contribution.

Endower meaning with examples

• The philanthropist, a generous endower to the local university, established a scholarship program for underprivileged students, ensuring access to higher education for generations. The university's endowment fund, created by his gift, provides a stable financial base, allowing for expanded programs.
• As an endower to the arts, the wealthy patron funded a new theatre in the city's cultural district, commissioning new works and supporting emerging artists. This act of generosity secured a vibrant creative space, contributing greatly to the city’s artistic heritage and enriching the community.
• The family, an endower of historical preservation, bequeathed their ancestral home and its vast collections to a national trust, guaranteeing its protection. The trust, by its management of the endowment, ensured the building’s long-term preservation and historical significance.
• Recognizing the need, the foundation acted as an endower to medical research by providing grants to develop treatments for rare diseases. Their financial support accelerates scientific progress, bringing hope and improving patient outcomes with their ongoing funding.