Yoko Ono has donated £260,000 to the John Lennon Imagine Awards scheme, which will help underpriviledged students go to University.
Lennon's widow will be using her own money to support students who have been raised in care or become estranged from their families.
John Lennon himself had an unconventional childhood, raised in Menlove Avenue, Allerton, from the age of five until his late teens by his aunt Mimi Smith.
Yoko said John would have approved of the fund at Liverpool John Moores University, where he studied at its art school in 1957.
The 76-year-old said: "I am delighted to have been able to set up these awards in John’s name, not only because he was a student at the art school, but also because he genuinely would have wanted to help these students achieve their personal goals."
Students deemed eligible will get a special bursary, which can be put towards rent and cost of living.
But they will also receive individual packages of support to suit their particular needs.
Personal mentors will offer help and advice where needed on things like independent living, managing finances, and studying tips.
Students will also receive help to find accommodation and, if required, somewhere to live all year round.
Yoko said she was aware care leavers and students without family support often faced greater challenges than other young people in order to acquire qualifications and employment skills.
She said: "LJMU demonstrates a true commitment to helping students reach their full potential regardless of background and circumstance.
"This award will provide extra support for young people who perhaps need it the most - those who have not been able to receive any encouragement throughout their lives from family members but have shown the courage, determination and strength of character to achieve something for themselves."
LJMU Vice-Chancellor Michael Brown praised Yoko for her "very generous contribution"
He said: "Young people who have been in care or become estranged from their families often see starting university as an opportunity to begin a new, independent life.
"These new awards will help them reach their full potential, transforming their lives through a university education."
Students can confidentially apply by calling 0151-904 6055.
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