endowment

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endowment

A whole bunch of money given by a person to an academic institution, generally to support research
References in periodicals archive ?
Providing a permanent source of income, the Block donation endows the Assistant Principal Bass chair currently held by Matthew O'Connor.
This endows them with a distinct sculptural quality, or, as Juhani Pallasmaa has observed, the aura of a still life by Giorgio Morandi, the pristine cubes and bulbous shafts of cacti like cups and bottles arranged on a tray, echoing his metaphysical compositions.
Ross's rigorous, almost old-fashioned engagement with the object (he makes the clay models, photographs them, and paints from the photographs) endows the green things with an enigmatic, even totemic presence.