You may honor a loved one with a simple gift made in their memory. The gift may be a cash donation or a planned gift honoring them. You can also establish a memorial fund in their honor for as a little as $10,000, thereby creating a lasting legacy of your loved one’s memory. The fund can be opened in your loved one’s name to exist in perpetuity. Once the fund is established, it can remain open for additional funds to be contributed to it using various assets or through the estate planning of family members and other donors.