The invention provides an LED illumination lamp with a ventilation function. The LED illumination lamp with the ventilation function comprises a horn-shaped shell provided with an upper opening and alower opening. Both the upper opening and the lower opening are cylindrical. A support fixedly connected with the shell is arranged in the shell. A motor is fixedly connected to the support. A fan isconnected to the upper end of the motor. An LED lamp panel is fixedly connected to the portion, below the motor, of the support. LED lamps are arranged on the LED lamp panel. A lamp shade is arrangedon the outer edge of the LED lamp panel. An air inlet channel is formed between the outer edge of the lower opening and the lamp shade. The upper opening serves as an exhaust channel. The motor and the LED lamps are electrically connected with a control device. The LED illumination lamp with the ventilation function has the characteristics of being reasonable in structure, various in function, easy and convenient to construct, and small in occupied space.