Found on the team website
(Link)
Dan Snyder will donate $500,000 to start and wanted to do this so his daughter Jackie can have all of the advantages whe would have gotten had Sean lived and made the kind of money he's capable of making...
Donations can be made to:
The Sean Taylor Memorial Fund
c/o The Washington Redskins
21300 Redskins Park Drive
Ashburn, VA 20147
My understanding is this is completely separate and independant of the Sean Taylor Memorial Fund being set up by Gulliver Schools, Inc. which was mentioned in another thread...
Mods fell free to move this if it's in the wrong space...I did a board search so I know this news has not been mentioned yet.