Legacy vs. Endowment — What's the Difference?
Difference Between Legacy and Endowment
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Definitions
Legacy
An amount of money or property left to someone in a will
My grandmother died and unexpectedly left me a small legacy
Endowment
The act of endowing.
Legacy
An applicant to a particular college or university who is regarded preferentially because a parent or other relative attended the same institution
Being a legacy increased a student's chance of being accepted to a highly selective college by up to 45 per cent
Endowment
Funds or property donated to an institution, individual, or group as a source of income.
Legacy
Denoting or relating to software or hardware that has been superseded but is difficult to replace because of its wide use.
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Endowment
A natural gift, ability, or quality.
Legacy
Money or property given to another by will.
Endowment
Something with which a person or thing is endowed.
Legacy
Something handed down from an ancestor or a predecessor or from the past
A legacy of religious freedom.
Endowment
Property or funds invested for the support and benefit of a person or not-for-profit institution.
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Legacy
An individual who is either an applicant to an educational institution or a matriculated student and is the child of an alumna or alumnus.
Endowment
(insurance) Endowment assurance or pure endowment.
Legacy
Retained under an obsolescent or discarded system, chiefly for purposes of reference
Legacy files in the old email system.
Endowment
(Mormonism) A ceremony designed to prepare participants for their role in the afterlife.
Legacy
(legal) Money or property bequeathed to someone in a will.
Endowment
The act of bestowing a dower, fund, or permanent provision for support.
Legacy
Something inherited from a predecessor or the past.
John Muir left as his legacy an enduring spirit of respect for the environment.
Endowment
That which is bestowed or settled on a person or an institution; property, fund, or revenue permanently appropriated to any object; as, the endowment of a church, a hospital, or a college.
Legacy
(education) The descendant of an alumnus.
Because she was a legacy, her mother's sorority rushed her.
Endowment
That which is given or bestowed upon the person or mind; gift of nature; accomplishment; natural capacity; talents; - usually in the plural.
His early endowments had fitted him for the work he was to do.
Legacy
Left over from the past; no longer current.
Endowment
Natural qualities or talents
Legacy
A gift of property by will, esp. of money or personal property; a bequest. Also Fig.; as, a legacy of dishonor or disease.
Endowment
The capital that provides income for an institution
Legacy
A business with which one is intrusted by another; a commission; - obsolete, except in the phrases last legacy, dying legacy, and the like.
My legacy and message wherefore I am sent into the world.
He came and told his legacy.
Endowment
The act of endowing with a permanent source of income;
His generous endowment of the laboratory came just in the nick of time
Legacy
(law) a gift of personal property by will
