I have a superb idea! As we’ve all learned, the various ‘performance rights agencies’ and ‘copyright collectives’ of the world have a fantastic track record of definitely not screwing over artists who are alive, known, and (however feebly) able to advocate for their own interests. They also have a genuinely heartwarming approach to interacting with the public.
Who better to administer a slush fund of indeterminate size in the name of people who almost certainly won’t come back to collect it? Such a position of trust and honor requires the sort of people who are honest even when not being watched, and don’t skim from the till, so what could possibly go wrong?