Definition, Meaning & Synonyms
social-fund
noun
/ˈsoʊ.ʃəl fʌnd/
Definition
A social-fund refers to a pool of resources allocated to social programs or initiatives aimed at promoting community welfare and development.
Examples
- The local government established a social-fund to help low-income families access necessary services.
- Many charities rely on social-funds to support their community projects.
- Activists argue that increasing the social-fund allocation is crucial for sustainable development.
Meaning
Social funds are typically created to support activities that benefit society, such as health care, education, and poverty alleviation. They can be managed by governmental bodies or non-governmental organizations, and they often rely on donations or public financing.
Synonyms
- community fund
- welfare fund
- charitable fund
