The Munin Barkotoki Memorial Trust was formed in 1994 to continue to support the causes dear to Munin Barkotoki, and therefore to promote the cause of literature in Assamese, in all genres and, in original as well as in translation. An annual award called the Munin Barkotoki Literary Award (called Munin Barkataki Award till 2014) is given away by the Trust to deserving young writers in Assamese. For more details see the Award section. The Trust has also taken up the task of collecting, compiling and arranging for publication all the writings of Munin Barkotoki. Many different literary activities were taken up during Barkotoki's birth centenary year 2014-2015. For more details click here .
The founding Managing Trustee was Munin Barkotoki's wife Renuka Devi Barkataki. After her death in August 2017, their daughter Meenaxi Barkataki-Ruscheweyh has taken over as the Managing Trustee.