Fund, funds and funding

The use of government fund to give free higher education impacts negatively on economic development.

Here we have to ask ourselves: Is the money meant for a single, specific purpose or is it for general use?

The money that people carry around in their wallets or have in their bank accounts is used to buy all kinds of things and pay for all kinds of services. If this money is not intended for any single, specific purpose, then we can refer to it as funds (plural).

Sometimes, however, a sum of money is set aside for a particular purpose, and this ‘specific-purpose money’ is referred to as a fund (singular), and it is usually possible to imagine a name for the fund: “The Social Welfare Fund.” Often it is money organised by a particularly wealthy person, a group of people who have money, or an institution.

Let’s take a look at some examples. Continue reading