The Collaborative International Dictionary of English v.0.48:

Bursary \Bur"sa*ry\, n.; pl. -ries. [LL. bursaria. See
   Bursar.]
   1. The treasury of a college or monastery.
      [1913 Webster]

   2. A scholarship or charitable foundation in a university, as
      in Scotland; a sum given to enable a student to pursue his
      studies. "No woman of rank or fortune but would have a
      bursary in her gift." --Southey.
      [1913 Webster]

WordNet (r) 3.0 (2006):

bursary
    n 1: the treasury of a public institution or religious order