Within a day after the shootings, Virginia Tech, whose supporters call themselves "Hokies" a nickname coined in a school cheer dating to 1896 formed the Hokie Spirit Memorial Fund (HSMF) to help remember and honor the victims. The fund was used to cover expenses including, but not limited to: assistance to victims and their families, grief counseling, memorials, communications expenses, and comfort expenses. Early in June 2007, the Virginia Tech Foundation announced that $3.2 million was moved from the HSMF into 32 separately-named endowment funds, each created in honor of a victim killed in the shooting. This transfer brought each fund to the level of full endowment, allowing them to operate in perpetuity. The naming and determination of how each fund would be directed was being developed with the victims' families. By early June 2007, donations to the HSMF had reached approximately $7 million. In July 2007, Kenneth R. Feinberg, who served as Special Master of the federal September 11th Victim Compensation Fund of 2001, was named to administer the fund's distributions. In October 2007, the families and surviving victims received payments from the fund ranging from $11,500 to $208,000 .