This paper reports a study on the Equitable Education Fund (EEF) that was established to respond to education disparities in Thailand. Content analysis of the EEF Act and annual reports revealed that EEF provides a variety of financial assistance to financially deprived and/or opportunity-denied children and youth in basic and pre-primary education. EEF emphasizes cooperation of the public and private sectors to expand opportunities in technical and vocational education and training in response to the shortage of skilled labor. It also provides scholarship for a university-based teacher education program that recruits students from remote schools, who are expected to return to their mother schools to contribute to quality education and development of remote communities. From education as welfare perspective, EEF projects do not fully include the opportunity-denied children as the act follows certain financial criteria to make the selection. The paper concludes that the inclusion of these children would call for the expansion of welfare functions of education such as allocation of school social workers.