Definition of Endowment

Transfer, generally as a gift, of money or property to an institution for a particular purpose such as a gift to a hospital for medical research. The act of settling a fund, or permanent pecuniary provision, for the maintenance of a public institution, charity, college, etc.

The assignment of dower; the setting off a woman’s dower. 2 Bl.Comm. 135.

That's the definition of Endowment in Black's Law Dictionary 6th Edition. Courtesy of Cekhukum.com.