Latin Moment #5: Passive Participle Website?

     I went to a website to research images for my English project, and the name "Legatum Institute" (especially that first word) looked latin enough for me to be interested. The word lego (from which this is derived) means "to read" (3rd conj.) or "to dispatch, send" (1st conj.). This participle is formed from the 1st conjugation meaning of lego, and it means "Having been sent". I found this just as a cool participle formed website? It might also come from legato, (it being the pl. genitive) which means "legacy". I think the second meaning is more likely, but it is still interesting that this word could mean a participle or a noun.

Banner of the Legatum Institute: