endowment

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Related to endowing: bequeath

endowment

A whole bunch of money given by a person to an academic institution, generally to support research
References in periodicals archive ?
He endowed his first faculty chair in 2003 and continued his support in 2004 by endowing a second chair in honor of his father Don Forchelli, class of 1931.
"Our family feels that endowing a permanent chair at JCC in his name would be the most appropriate way of honoring him and continuing their legacy of commitment to education in the Jackson area."
The conceptualization of this emerging tradition reflects Johnson's commitment to combine his artistic goals and impulses with his broad intellectual interests while endowing the American novel with greater depth and force.