Registered in 1991 under trust act, Government of Kerala.

Sri Bhadra Kalaa Samajam, Udayamperoor, registered in 1967 under Thiru Kochy scientific and charitable society registration act 12/55, also recognized by Kerala Sahithya Academy. This organization brought idea of establishing a trust in memory of Kottarathil Sankunni. Inaugural meeting held in Malayala Manorama, Kotttayam in 1968. Members elected K.M.Cheriyan chief editor of Malayala Manorama as president. The committee decided to build a memorial building. Kottarathil Vasudevan donated eight cents of land next to Pallippurathu Kavu beside M.C road. Foundation stone was laid by Union Minister Panampilly Govinda Menon in 1969 at a meeting presided by K.P Kesava Menon chief editor of Mathrubhumy. Mammen Mathew, chief editor of Malayala Manorama, president of Kottarathil Sankunni Smaraka Trust, inaugurated memorial building in 1977. Memorial building is refurnished in 2010. Present patron of Kottarathil Sankunni Smaraka Trust is K.M Mathew of Malayala Manorama and president is Professor A. Aravindan.