endowment

Concise Oxford English Dictionary © 2008 Oxford University Press:
endowment/ɪnˈdaʊmənt/

▶noun

• 1 the action of endowing.

  ■ an income or form of property endowed.

• 2 a quality or ability with which a person is endowed.

• 3 [as modifier] denoting 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.