Are there any differences between fund and funding when used as a noun? They seem both to have a meaning of "money made available for a particular purpose", and I was wondering why we need "funding" when "fund" means the same. Is it because "funding" is the gerund of the verb form of "fund", and therefore more emphasizes on the action than fund(n.) does?
Consider some of the following sentences:
The school has a building fund for repairs. Funds are available to start a business. The church has a fund to assist the homeless. I shall make the purchase as soon as I am in funds. Mike has a fund of anecdotes which he uses at social events. There is no money left in the fund.
Funding - as a gerund
We will start the work as soon as we get funding. Funding for the project may be difficult to obtain. Funding has been approved.