Education fund refers to the subsidy granted to education for a certain purpose recognized by law. In western countries, donors are mainly charities, large enterprises, religious groups, alumni and individuals. It is an important source of funds for some universities, especially private prestigious schools.

The education fund has the following important functions:

1 can provide a stable source of funds for the development of education. Establishing a fund system and raising funds for running schools through multiple channels is an important content of deepening education reform, a material basis for improving people's cultural living standards and an important condition for promoting education development.

2, fully mobilize the enthusiasm of the whole society to care for and support education, promote the construction of socialist spiritual civilization in urban and rural areas, and close ties between the party and the government and the people.

3. The reasonable investment in education funds has promoted the development of all kinds of education at all levels, improved the conditions for running schools, mobilized the enthusiasm of teachers, improved the teaching quality and injected new vitality into the development of education.

4. Improve the quality of the broad masses of workers, cultivate all kinds of talents at all levels needed by society, and promote the development of social productive forces.