"She is taking away state educational funds from the small towns and that makes our local taxes go up," she said.

The donations received for Cassie's educational fund have exceeded $3000.

The evening benefited the club's educational fund, which provides scholarships to design students attending art schools in the New York metropolitan area.

In addition, the schools together agreed to contribute another £3m to a new charitable educational fund.

In exchange, the insurance companies set up special "educational funds".

Other common issues include: theft of public educational funds and leakage of exams.

He set up an educational fund to send senior managers to America to continue their education and practice advanced banking skills there.

"I think the money should be put into an educational fund to train board members and managing agents," he said.

At the end of the bidding they have $30 million for the institute and $7.5 million for an educational fund.

The profits from sales are divided among the child artist, the program's educational fund and future supply purchases.