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What are endowments?

What are endowments? Here are some definitions.

Noun
  1. plural of endowment
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The majority of their investors are financial institutions, pension funds, endowments and universities.
Ticket buyers aren't buying, donors are waiting, funders are thinning out, endowments are earning less.
Charitable tax deductions in effect make government a large donor to university endowments.
In addition, university endowments provide a huge source of capital for corporations.
These kings were generous in their endowments to the temple in the 14th and 15th centuries.
They would also give top universities massive endowments to free them from state interference.

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