disendowment

/ˌdɪsɪnˈdaʊmənt/
noun
  1. The act of taking away money, property, or financial support that has been given to an institution (such as a church or school).
    • The government's disendowment of the university left it struggling to pay its staff.
    • Many historical churches faced disendowment after the new law was passed.
    • The debate over disendowment of religious schools continues in the legislature.
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