You can set up this type of fund in honor or in memory of someone. When gifts are entered into the system, you can note that they are given in memory or honor of a particular person. You can periodically report to an interested person (a surviving spouse, for example) the names of donors and amounts of gifts. These funds are defined for your organization on the Memorial/Honor Definition window.
The Memorial/Honor Fund Master table contains a row for each memorial or honor fund (examples). A gift can be given in memory of or in honor of a person regardless of the Business Office account to which it is transferred.