President of the Humboldt Broncos, Kevin Garinger, addresses addendees April 8, 2018 at the Humboldt Uniplex in Humboldt, Canada, prior to a memorial vigil for the Humboldt Broncos ice hockey team. Mourners in the tiny Canadian town of Humboldt, still struggling to make sense of a devastating tragedy, prepared Sunday for a prayer vigil to honor the victims of the truck-bus crash that killed 15 of their own and shook North American ice hockey. / AFP PHOTO / Kymber RAE

Families, survivors of Humboldt crash to receive money from GoFundMe campaign

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KYMBER RAE / AFP / Getty

The $14.7 million raised from the Humboldt Broncos GoFundMe page will go directly to the 29 families impacted by the tragedy, it was announced at a press conference on Thursday.

Broncos president Kevin Garinger was on hand and explained that, in all, the GoGundMe page raised $15.175 million, but was met with fees that amounted to nearly $500,000.

Related: Roughriders to hold practice in Humboldt to commemorate Broncos

Once the money is transferred to the team, the funds must go through the province where the distribution timeline will be determined. Until then, the money will remain in a trust until it is given to the respective families.

"One hundred percent of that total, as well as any interest ... will go toward the 29 families that have been impacted by this unthinkable tragedy," Garinger said.

It is still to be determined how the money will be divided among the 29 families. Scott Thomas, whose son died in the crash, noted that some families may require larger sums of money to cover added expenses.

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