Disney Gator Attack Family Will NOT Sue

7/20/2016 6:52 AM PDT

Disney Gator Attack: Family Will NOT Sue

Lane Thomas Graves' parents say they're not going to sue Disney over the alligator attack that killed him.

Matt and Melissa Graves say they're still struggling to "comprehend why this happened" ... and admit, "As each day passes, the pain gets worse." Still, they released a statement Wednesday morning saying they will not pursue a lawsuit.

Instead they plan to open the Lane Thomas Foundation "to keep his spirit alive."

The Graves were not specific about the foundation's purpose or if Disney was funding it ... but you gotta figure.