Humboldt Broncos President Kevin Garinger released a statement Monday detailing how the organization will manage the more than $12 million in donations received following the tragic bus accident that killed 16 people:

Going forward, the Broncos' board of directors, in tandem with their legal counsel, MLT Aikins, and executives at GoFundMe.com head office, have determined that the Humboldt Broncos GoFundMe campaign will remain open for two more days to allow for any additional online donations and will then be closed and taken offline on Wednesday, April 18, 2018 at 11:59 pm MT.

All funds donated will be transferred to a new initiative called the Humboldt Broncos Memorial Fund. An advisory committee will then be established to decide on the allocations of the funds.

The HumboldtStrong Community Foundation has also been established in order to support Broncos' players, employees, families, first responders, and others affected by the tragedy.

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