It's just like it sounds - a pool of money that people have found.
It all began in the 1970's penny-pinching with a teacher.
"I found three cents on the way to school on the third day of January 1981," said Terry Armstrong, a professor at the University of Idaho. "I put my three cents there and said, 'How much money I can find this year?" I was in the office of then-president and press secretary found five cents. She said,' I'll put my nickel good money. Let's have a party at the end of the year. "
Later that year, Armstrong and his co-worker has saved $ 11. It was decided that it would be a big party with just $ 11, so that was donated to the university.
What started as a joke became a real fundraiser, with money donated from around the world, mostly alumni.
"On a more serious note, I have taught here for 44 years," said Armstrong. "You never have the money to do the kinds of things to do."
In late October, the fund had $ 284,238.06 cash in it.
"When the market is right, we make enough money to double this amount every six years," said Armstrong. "A doubling would be half a million, another double would be one million and two years. It's getting up there pretty well, even in times of recession shit."
Armstrong said he would never spend real money, but only spend the interest on money you earn.
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