On 21 December, 2006, Estonian Aviation Academy (former Tartu Aviation College) established a fund (ELA Fund). The aim of it is:
- to promote Estonian aviation education;
- to raise the level of aviation safety and
- to involve the public in financing aviation education.
The finances of the Fund are managed by SA Tartu Kultuurkapital
The aim and the conditions of awarding a certain scholarship shall be determined by the decision made by the Council of the Fund or in its statutes considering the donators wishes and aims, in case there are any.
The Fund is open to donations by any individual or legal persons. Pursuant to the respective legislative acts of the Republic of Estonia the donations are non-taxable.
The donations to the Estonian Aviation Academy Fund can be transferred to the following accounts of Tartu Kultuurkapital. The cue word “ELA Fond” and scholarship name.
IBAN: EE092200221011379347, SWIFT: HABAEE2X
SEB Pank 10102052050006
IBAN: EE251010102052050006, SWIFT: EEUHEE2X
IBAN: EE537700771000654154, SWIFT: LHVBEE22
Individual persons might add their social security number for the tax board to return the income tax.