As a tribute to Liz Dengate Thrush an Internet Foundation has been established. The objective of the Foundation is to improve people's awareness and understanding of Internet technologies, and encourage Internet entreprenuership and other positive uses of the Internet in New Zealand.

The Trustees will ensure the Foundation evolves in line with Liz's philosophies and enthusiasm for Internet technologies.

The Foundation has created and runs annually, the New Zealand Internet Industry Awards. The Awards focus on the Internet as an enabling platform for business, global, entreprenuership, education and society-enhancing programmes.