After Youri's death the Youri Egorov Foundation was created in his memory, in the beginning with Dick Swaan as chairperson. Betty Prins filled this position later.

Youri Egorov was always trying to encourage the exchange of musical ideas between East and West. With his great knowledge of the Moscow Conservatory and the love of Amsterdam that he soon gained, he was the ideal person for such a dialogue.He gave masterclasses at, among other places, the Sweelinck Conservatory in Amsterdam, encouraged young musicians, such as Andrei Nikolsky, from Eastern Block lands, and received East-European musicians who performed in the Netherlands. Partly through modesty, partly due to the political situation, he said little about these contacts. The rapid changes in Moscow that he was able to experience during the last months of his life, he welcomed as a blessing for music. Continuing along this way, the Youri Egorov Foundation proposed as its aims not only bringing Youri's existing recording material out on CD, but also advancing the musical education and development of young musicians in the Netherlands and Eastern Europe. This latter has been attempted by means of the creation of exchange programmes between young musicians and the provision of grants.

This began with the organization of a benefit concert in the Concertgebouw in Amsterdam on 29 May 1989, in which well-known musicians participated. This was followed by an equally successful benefit concert in Brussels (more information via the link above).