The International Society of Transport Aircraft Trading Foundation (ISTAT Foundation) was founded in 1994 to provide funds for scholarships, educational programs and grants to qualified individuals and institutions that promote the advancement of commercial aviation and humanitarianism.
Funding for ISTAT Foundation programs is provided by annual grants from ISTAT and contributions from individuals and companies. The ISTAT Foundation Board of Trustees is responsible for fund raising and the selection of programs that meet the Foundation's objectives.
For more information on the programs of the ISTAT Foundation, view the ISTAT Foundation brochure.
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What are the Foundation’s goals?
Historically, the Foundation has provided funds for scholarships, educational programs and grants to qualified individuals and charities that promote the advancement of commercial aviation. More recently, the Foundation has branched into causes where aviation assets are utilized to deliver humanitarian aid.
How are the scholarships and grants awarded?
We work with schools that are sanctioned by the Council of Aviation Accreditation. Our scholarship committee reviews the applications from each school and often interviews the finalists before making its recommendations. The primary criteria are achievement and need. Our grant committee recommends other educational programs to receive our support.
Why pursue humanitarian causes?
Many members of ISTAT are in an excellent position to save lives through the application of their knowledge and resources in the delivery (via air) of humanitarian aid to nations in crisis around the world.
What is an example of a humanitarian cause the Foundation is involved in?
The ISTAT Foundation, in support of the Katrina Hurricane survivors, teamed up with the American Red Cross and FedEx Express to fly emergency supplies to the U.S. Gulf Coast.
How does the Foundation raise money?
Through individual and corporate cash donations as well events such as raffles and auctions. We are now organizing to reach out to individuals and corporations with a major donor program. Expect a call from us soon!
