disendowment

noun

1. (countable, dated, uncountable)The ceasing of endowment or endowments, especially said of the church.

   “We, the Irish Protestant clergy, are working very hard to uphold the dear old Church of England in Ireland; and, thank God, our efforts have been wonderfully blest since the disestablishment and disendowment 14 years ago.”

   “He denied that the disendowment of the Irish Church would be dangerous to the English Establishment”