The Richard III Society is yet to make a final decision on whether it will donate cash to help fund the king's tomb at Leicester Cathedral.
Society spokesman Richard Van Allen spoke to the Mercury yesterday, following reports the group had "withdrawn" funding as some of its members were not happy with the design.
In response to the reports, bosses at the cathedral said while they would be grateful for any donations, they were never relying on the offer of funding from the society.
However, Mr Van Allen said that, as the cathedral's plans were only unveiled last week, more time was needed to decide on whether or not the society would go ahead with its donation.
The cost of the tomb will be about £96,000.
The society has raised between £30,000 and £40,000.
Mr Van Allen said: "It has been suggested we're withdrawing funds. We are not.
"The cathedral has never said it was going to take the funds in the first place.
"We want to take the time to have a look at the design and talk to our members to see if they still want to contribute.
"Personally, I'm an old-fashioned guy and I would prefer a tomb with a figure of the king on it. We're talking to the cathedral and hopefully it will be a joint thing."
Leicester Cathedral Canon Missioner Peter Hobson said the cathedral had to consider several different aspects when it came to the design of the tomb, including planning restrictions and its setting in a place of worship.
He said: "We have never written it (funding from the society) into our budget. We know there will need to be a process of inviting people to help contribute but we're not at the stage to do that yet."