"He needs our help to give him one last curtain call. Please donate what you can, share his memories with everyone, and share this fundraiser to give the Psycho Dwarf the best resting place possible," the fundraising page reads.
A cause of death has not been disclosed.
Impact Wrestling, which used to be called Total Nonstop Action Wrestling (TNA), has released a statement about Lee's passing.
"It is with great sadness that we learn of the passing of Stevie Lee, better known as 'Puppet The Psycho Dwarf' in the early days of TNA. We send our deepest condolences to his friends and family," the statement read.
Lee was a veteran wrestler who started his career in the early 2000s and appeared in numerous TNA pay-per-view specials.
He is also famous for his role in the American movie "Jackass" and was featured in an episode of FX's hit anthology series "American Horror Story: Freak Show".