In memory of lost loved ones, some choose to erect plaques, statutes, or buildings while others start foundations, scholarships, or memorial funds. Although no minimum financial requirement exists to start a foundation, the process can be cost intensive and filled with responsibilities. To alleviate some of these burdens, there are options that can make the process easier to manage. One way is to raise money on the Internet through crowdfunding platforms. Other ideas include outsourcing the management of the funds and paperwork to companies that help individuals who are unable to do so on their own.
See Abby Ellin, Honoring a Loved One with a Charitable Fund, NY Times, September 30, 2016.
Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.
