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Discover Ludwig'prize fund' is correct and usable in written English.
You can use it to refer to a large sum of money that is set aside for prizes, typically in a competition or contest. For example: "The total prize fund for the competition is worth $10,000."
Exact(57)
The £10m prize fund has been offered by the innovation charity Nesta and the government-funded Technology Strategy Board.
The prize fund was to be $1.2 million.
11.40am BST The winning prize fund is £10m.
The prize fund is the biggest on the Tour this year, more than £3.5m.
The women's prize fund is $60,000, with $18,000 for first.
The prize fund is $2.55 million, with 60 percent going to the winner.
The prize fund for the men's championship is $170,000, with $40,000 for first.
The winner will receive 60 percent of the $2.55 million prize fund.
The R&A will, however, delay announcing this year's Open prize fund.
In 2014, the men's Giro d'Italia held a prize fund purse totalling €1,378,000.
The PDC championship has a record prize fund this year of just over £1m.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com