Endowment

Now generally used of a permanent provision for any public • as a school or hospital. By the endowment of such institutions is commonly undei not the building or providing sites for them, but the providing of a fixed revenue for their support, -jr. 1...1. i'h. 82; '■> De «... M. & G. 87; state v. Lyon.::l: \. J. L 361. But more technically, of the assigning dower to a woman, or the severing of lit portion for a vicar towards his perpetual maintenance. 1 Bla. Com. Steph. Com. 99; French v. Pratt, 27 Me. 381; state v. [^yon, 32 N..1. L. 360; Runkel v. Winemiller. 4 Hair. & McH. (Md.) 429, 1 Am. Dec 411.

1. The assignment of dower; the setting off a woman's dower. 2 Bl. Comm. 135.
2. In appropriations of churches, (in English law,) the setting off a sufficient maintenance for the vicar in perpetuity. 1 Bl. Comm. 387.
3. The act of settling a fund, or permanent pecuniary provision, for the mainte-nanco of a publlc institution, charity, college, etc.
4. A fund settled upon a publlc Institution, etc., for its maintenance or use. The words "endowment" and "fund," in a stafute exempting from taxation the real estate, the furniture and personal property, and the "endowment or fund" of religious and educational corporations, are ejusdem generis, and intended to comprehend a class of property different from the other two, not real estate or chattels. The difference bstween the words is that "fund" is a general term, including the endowment, while "endowment" means that particular fund, or part of the fund, of the institution, bestowed for its more permanent uses, and usually kept sacred for the pur-poses intended. Tbs word "endowment" does not, in such an enactment, include reni estate. See First Reformed Dutch Church v. Lyon, 32 N. J. Law, 360; Appeal of Wagner Institute, 116 Pa. 555, 11 Atl. 402; Floyd v. Rankin, 86 Cal. 159, 24 Pac. 936; Liggett v. Ladd, 17 Or. 89, 21 Pac. 133.

— Endowment policy. In life insurance. A policy which is payable when the insured reaches a given age, or upon his decease, if that occurs earlier. Carr v. Hamilton, 129 U. S. 252, 9 Sun. Ct. 295. 32 L. Eld. 669; State v. Orear, 144 Mo. 157, 45 S. W. 1081.

The assignment apart of a portion of lands nent provision for charitable

1. The assignment of dower; the setting off a woman's dower. 2 Bl. Comm. 135. 2. In appropriations of churches, (in English law,) the setting off a sufficient maintenance for the vicar in perpetuity. 1 Bl. Comm. 387. 3. The act of settling a fund, or permanent pecuniary provision, for the maintenance of a public institution, charity, college, etc. 4. A fund settled upon a public institution, etc., for its maintenance or use. The words "endowment" and "fund," in a statute exempting from taxation the real estate, the furniture and personal property, and the "endowment or fund" of religious and educational corporations, are ejusdem generis, and intended to comprehend a class of property different from the other two, not real estate or chattels. The difference between the words is that "fund" is a general term, including the endowment, while "endowment" means that particular fund, or part of the fund, of the institution, bestowed for its more permanent uses, and usually kept sacred for the purposes intended. The word "endowment" does not, in such an enactment, include real estate. 52 N. J. Law, 360.

Fr. & Eng. [L. Lat. dotatio.] The assignment or bestowment of dower to, or upon a woman. 2 Bl. Com. 135. The providing for the officiating ministers of a church, by setting apart a certain portion of lands, &c., for their maintenance, &c. Id. 21. 1 Bl. Com. 387. 3 Steph. Com. 111. The provision itself, so made; (dos ecclesiae.) Com. Dig. Dismes, B.

The bestowmg or assuring of dower to a woman. It is sometimes used metaphorically for the setting a provison for a charitable institution, as the endowment of a hospital.