Fund

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Fund

 

(1) Monetary or material resources that either finance certain activities (wages fund) or constitute the basic holdings or reserves of such institutions as libraries and museums.

(2) An organization or institution that gives material aid to artists, for example, the Literary Fund of the USSR.

(3) In capitalist countries, international or national grants or capital investments (usually set up by private individuals) to support educational institutions, carry out scientific projects, and promote and reward discoveries, inventions, and achievements in the arts and sciences.