Some video-makers have been frustrated by changes to the platform that made it harder for them to earn money producing short and well-researched videos.
Critics say YouTube's algorithms favour long and sensationalist videos.
The company says its new fund will make the platform "better for educators and learners".
As part of the scheme, YouTube will launch a new Learning channel, which will showcase its own original programmes and those made by independent creators.
Organisations such as Goodwill and Year Up will help curate the channel and put together playlists of educational content.