The Foundation was launched on February 4, 2010, at a fundraising event at the Saban Theatre in Beverly Hills. After a records search revealed that the foundation's not-for-profit status had not been filed, the foundation refunded any donations received. In an official letter on the foundation's website, they stated that in an effort to get the foundation set up as quickly as possible, they had established it as a private foundation with plans to apply for nonprofit status later. However, they said that they had decided to wait until the foundation's nonprofit status was approved before going any further in order to truly honor Murphy and the foundation's charitable goals.