A sum of money made available for a particular purpose.
For example: educational fund, library fund, building fund etc.

To know how a fund is utilized you can link it to a budget. A fund can be linked to multiple budgets. This will give an overview of money spent on different areas (budgets).
For example: If an organization allocates a fund to build a separate wing in a university, many budgets may be involved such as a budget for raw material, a budget for employees etc. The fund manager should have a proper overview of where the funds are utilized.

Subfunds can also be added to a main fund. The time scope of a subfund should be within the time scope of the main fund.

Funds can have the following statuses: Initial, Active or Closed. You can also add other intermediate statuses, if required.
Once the fund moves from the Initial to Active status, it is no longer possible to change the fund amount. Any modification can be done in Budget categories > Fund modification.

Any modifications on funds can be registered as fund history.