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Discover Ludwig"slush fund" is correct and usable in written English.
You can use it to refer to a fund of money that is kept secret, usually to make illegal or unethical payments. For example: "An investigation into the mayor revealed that he had been using a slush fund for personal gain."
Dictionary
slush fund
noun
Money stored for illegal or dishonest purposes.
Exact(55)
Clerk hedges around, agrees to writer's suggestion of a "slush fund".
He was convicted (and then pardoned) in a slush fund scandal.
He also criticized the Obama administration for handling TARP like a "slush fund".
No secret Treasury slush fund?
multibillion-dollar slush fund from Congress.
I don't have some lovely slush fund.
We're not a slush fund," he stresses.
Similar(4)
Newspapers allege he ran a secret party slush-fund with senior PP noses in the trough.
And I'm sure she meant 'slush fund' in the nicest possible way".
"Another word for it is 'slush fund,' " said Mabus, who left office in January.
'SLUSH FUND' CHARGE IN NARCISSUS INQUIRY; Representative Free Asserts Embargo Opponents Raised Large Amount for Propaganda.
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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