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2 definitions by poorbrokegraduatestudent

 
1.
(n.); endow (v.)

An investment fund comprised of donated money. These investments are capital and earmarked for development. Sometimes the funds are in the form of smaller donations. Other funds are granted from large philanthropic (planned giving) organizations such as the Bill and Melinda Gates Foundation. The latter and many other philanthropic organizations are large endowments that in turn disburse funds to other endowments. Endowments are often tax-free or lower-tax investments.

Endowments are often associated with universities. Other endowed organizations include public television and radio, museums, theaters, hospitals, and non governmental organizations (NGOs).
I didn't find out who Helena Rubenstein was until my late 20's. For many years, the Helena Rubenstein Foundation was the primary endowment for NYC broadcasts of Sesame Street and other PBS children's shows.
by poorbrokegraduatestudent July 28, 2010
16 8
 
2.
(v.) To describe a situation, item, or position as better or more desirable than a person with a disinterested standpoint might contend. Often people will use this term either to make an item more attractive for sale or downplay the risks or dangers of a situation or position.
Randy: Hey, check our my '86 Yugo. Slick-shifting four speed, Eastern European engineering, easy to service. All yours for $11,000.

Brooklyn: You're candy coating the situation. Bald tires, mad rust spots, sagging shocks -- this car is a piece of crap.
by poorbrokegraduatestudent August 16, 2010
3 3