Microsoft Office for Mac 2011 is a productivity suite for macOS. It is the successor to Microsoft Office 2008 for Mac and is comparable to Office 2010 for Windows.
Support for Office for Mac 2011 ended on October 10, 2017. However, all Office 2011 apps will continue to function and data will not be lost.
Office 2011 is a 32-bit program and can only run on Mojave and earlier. It is not officially supported on macOS High Sierra or macOS Mojave. It will not work on any Mac (Intel or Apple silicon) that is running macOS Catalina, Big Sur, or Monterey.
To migrate Office 2011 from an old MacBook to a new 2020 MacBook, you can try backing up your Mac, and then using Migration Assistant.