The Ray Lowry Foundation was set up in 2009 by Lowry's son, Sam, and Julian Williams and Jackie Taylor of the See Gallery. The aim of the Foundation is to ensure that his work will be remembered and appreciated, and to create a fund in his name that will provide financial assistance and mentorship to individuals and art projects. This will include providing a scholarship to a student studying a course in art for a higher degree and making financial awards linked to individual art projects.