The 44-year-old passed away on Friday morning after suffering a cardiac arrest at the Premier League's club's training ground the previous day, prompting floods of tributes from the football community.
In the wake of Ehiogu's passing, his final tweet about giving a homeless person £10 was retweeted thousands of times and the hashtag '#dosomethingkind' soon trended on Twitter.
Gemma Ehiogu now hopes to set up a charity in Ugo's name, with the £1000 target met soon after the JustGiving page was launched.
It read: "Weʼre raising £1,000 to help set up a charity that will give all children the opportunity to play football. In memory of Ugo Ehiogu #DoSomethingKind."
The description continued: "Ugo's dream was to set up a charity that gives every child equal opportunity to access and play football.
"He had already put the wheels in motion. This fund will make his dream become a reality. We don't have a set target every donation will help. Thank you, In memory of Ugo Ehiogu #DoSomethingKind."
To visit the JustGiving page, click here: https://www.justgiving.com/crowdfunding/UgoEhiogu