St Mungo’s High School pupil Harley Smith (16) died at the scene of the incident which happened just before 9pm on Friday on the A803 Polmont Road at the junction with Dundas Road in Laurieston, Falkirk.
He was involved in a collision with a Mercedes while riding his bicycle.
Emergency services and collision investigators were in attendance at the scene and the road was closed overnight.
Many floral tributes to the popular youngster – a former pupil of Grangemouth's Sacred Heart Primary School – have been laid at Laurieston Parish Church and now his family have set up a page on the GoFundMe website.
It states: “Our family would like to make a lasting memorial for our much loved son, brother, grandson, nephew and friend. Harley was only 16 when he was fatally hit by a car as he cycled home from his friends.
“His family and friends would all like a lasting memorial and share some of the donations to some charities/organisations that meant a lot to him. Please give what you can and rest assured every penny will be put to good use in his name.”The total raised has reached well over £10,000 and is still growing.
Visit www.gofundme.com and search for the In Memory of Harley Smith page to donate.
Investigations into the collision are still ongoing.
If anyone has any infirmation they should contact police on 101 quoting incident number 3967 of November 6.