Michael Schumacher has been elected chairman of a committee that will determine the distribution of the fine handed out to McLaren following last year's spy scandal.
McLaren were hammered to the tune of Ј49.2million at the time) by world governing body the FIA in September.
The Woking-based team were found guilty of being in unauthorised possession of technical information belonging to rivals Ferrari.
Seven-time Formula One world champion Schumacher, who won five of his titles with Ferrari, is now fronting the Motor Sport Safety Development Fund.
The Fund has been created to manage the distribution of motor sport safety-related grants from the FIA's share of the fine.
Schumacher is joined on the committee by FIA president Max Mosley, Nick Craw, president of the Automobile Competition Committee for the United States, Jean Todt, a member of the Ferrari board and Mercedes-Benz Motorsport vice-president Norbert Haug.
Working in collaboration with the FIA Institute, the programme of Fund activities will roll out later this year.
They include a Young Driver Safety Scholarship Programme, an Officials Skills Safety Training Programme and a Facility Safety Improvement Consultancy Programme.
Schumacher said: "I'm proud to be able to help with the further development of safety in motor sport across the world.
"The FIA has achieved a great deal already in its safety activities, but the grants available from this new Fund will make a huge contribution to improving motor sport safety, especially in emerging motor sport markets."
Mosley added: "From the outset we had intended any fine imposed on McLaren-Mercedes would be used for the benefit of the grass roots of motor sport.
"I'm delighted this money will be invested in a safer future for our sport."
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