endowment

noun

• the action of endowing something or someone:he tried to promote the endowment of a Chair of Psychiatry
• an income or form of property given or bequeathed to someone.
• (usually endowments) a quality or ability possessed or inherited by someone.
• [usually as modifier] a form of life insurance involving payment of a fixed sum to the insured person on a specified date, or to their estate should they die before this date:an endowment policy