Boeing said Wednesday it will provide $100 million over several years "to address family and community needs of those affected by the tragic accidents of Lion Air Flight 610 and Ethiopian Airlines Flight 302."
The company said the money is intended to "support education, hardship and living expenses for impacted families, community programs, and economic development in impacted communities."
Spokesman Chaz Bickers said the money is being given independent of any lawsuits, and that none of the victims' families will have to waive any rights in accepting it.
Boeing said it will work with local governments and nonprofit organizations to deploy the money, over a period of years.
The two crashes of Boeing 737 MAX jets killed 346 passengers and crew. The jet has been grounded worldwide since March, creating a crisis of confidence for Boeing and upending plans by dozens of its airline customers worldwide.
In a statement, Boeing chairman and CEO Dennis Muilenburg reiterated the company's regrets.
