It's establishing a new fund to honor Scott's memory.
Private funeral services were held Saturday in Raleigh for the longtime ESPN anchor.
He passed away earlier this month, after a battle with cancer.
He was a champion of cancer research, always making appearances at The V Foundation events in the Triangle.
ESPN's initial $100,000 grant will help support scholars and cancer research.
Click HERE to donate to the Stuart Scott Memorial Cancer Research Fund.
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