A new award honouring emerging fashion designers has been named for L'Wren Scott, who reportedly left her $9 million US estate to her longtime partner, Rolling Stones frontman Mick Jagger.

The award was created by The Art of Elysium, an organization that brings the arts to hospitalized children.

The L'Wren Scott Amber Award honours both Scott, who committed suicide on March 17, and Amber, a child who had a brain tumour and who participated in The Art of Elysium's fashion workshops for hospitalized kids.

The venture was announced Thursday by the New York company that handled the 49-year-old designer's public relations, PR Consulting.

Meanwhile, various media outlets reported that Scott's will left her entire estate, including a Manhattan condo and other personal possessions, to Jagger.

The Daily News says papers filed in Manhattan's Surrogate's Court on Wednesday estimated the value of the 49-year-old designer's personal estate at $9 million US.

The filing said Scott's main asset was her Manhattan condo worth approximately $8 million US. Other items included her jewelry, clothing, household furnishings and personal automobiles.

A small and private funeral service was held for Scott in Los Angeles on Tuesday. Scott committed suicide on March 17 in New York.