Definitions from Black's Law Dictionary: 2nd Edition and Ballentine's Law Dictionary as are available for each term in each dictionary.
  • Ballentine's Law Dictionary

    The endowment of a charitable or educational institution.

  • Black's Law Dictionary: 2nd Edition

    The founding or building of a college or hospital. The incorporation or endowment of a college or hospital is the foundation; and he who endows it with land or other property is the founder. Dartmouth College v. Woodward, 4 Wheat.-667, 4 In Ed. 629; Seagrave's Appeal, 125 Pn. 362, 17 Atl. 412; Union Baptist Ass'n v. Hunn, 7 Tex. Civ. App. 249, 26 S. W. 755.