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Corey Haim

Michael Bezjian/Getty Images

In the wake of Corey Haim's death, a celebrity memorabilia company has stepped up with a generous donation to help cover costs of his funeral. 

Startifacts.com, has offered up $20,000 to the late star's family to help relieve funeral expenses, E! News has confirmed. 

"We're giving [Judy Haim] her $20,000 directly from our own bank account to be used however she sees fit," Jon Hill, a manager for Startifacts.com, told E! News. 

The Minnesota-based company's owner, Michael Kronick, befriended Haim in the early 2000s and purchased some personal items from him around that time.   

Upon news of the teen idol's death, Hill said the company was contacted by many media outlets inquiring if Startifacts.com was going to hold an auction of the Haim memorabilia they possessed and donate the funds to the family. 

While that was a consideration, Kronick made the decision Friday to offer the family the large sum when they became aware that there wasn't funding for the funeral. 

"The money was needed now," Hill said. 

This benevolent gift couldn't have come at a better time.

Just days after the 38-year-old thesp died, Haim's family was forced to sell the star's possessions on Ebay to help defray costs of the funeral. 

The family had also reached out to fans via Haim's website asking for donations for the service, scheduled to be held in Toronto next week. 

Today, brighter news surfaced on the site for fans. 

"It appears that we may have now raised enough money to cover all expenses of Corey's funeral!," the site noted. "Many thanks to Startifacts & all his caring fans & friends who sent in donations... The Haim family is very relieved to know that they will be able to lay Corey to rest at home in Canada." 

Haim's mother told Access Hollywood the city of Toronto will also help cover costs of the funeral as well. 

The Lost Boys actor died Wednesday at the Oakwoods apartment he shared with his mother, after he collapsed and was unable to be revived.

Startifacts.com is hoping their donation will inspire others to donate to Haim's memorial fund. 

"We want to keep the money coming in and we want people to step up," Hill said.  

Donations can be made to the Corey Haim Memorial Fund online via the fund's website.

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Take a look back on the life of Corey Haim in our gallery.