TMZ Composite

Ahmaud Arbery Mom Settles 2:23 Foundation Feud

Ahmaud Arbery's mother is squashing her beef with an organization that's been raising funds in her son's name, but without her permission -- they've settled the dispute without going to court.

Wanda Cooper's lawyer, J. Carter, tells TMZ ... Ahmaud's mom settled her trademark dispute with the 2:23 Foundation last week, avoiding the hassle of a lawsuit.

As we first told you, Wanda claimed the 2:23 Foundation was using her son's name and likeness ... hauling in massive amounts of cash donations even though she hadn't given her blessing.

We're told the settlement terms call for the 2:23 Foundation to phase out their usage of the marks, for the org to be dissolved and for $345,306 in donations to be transferred to Wanda's newly established foundation, The Ahmaud Arbery Foundation.

Wanda's new foundation, we're told, is officially launching May 8 to coincide with Ahmaud's birthday.

It sounds like it will be a big event ... we're told Rep. Maxine Waters, Angela Rye, Roddy Rich, Young Thug and former NBA star Tracy McGrady have all expressed interest in speaking or performing at the foundation's launch.

Click here for info about our online advertising practices.