The Foundation was established in 2002 by Manya and Yechiel Yoel to honor Eyal's memory in various ways. The Foundation regularly supports the following activities:
• An award for outstanding students focusing on research in ecology at the Department of Chemical Engineering at Ben-Gurion University of the Negev, where Eyal was a student at the time of his death.
• Support for 'Eyal's Farm' at Kibbutz Ramat Rachel and its associated activities.
Additionally, the Foundation supports various commemoration initiatives related to Eyal's life and the Kibbutz in general.