Story ID: 581
Embry-Riddle Collects Series of Endowments 
By: Gregory Polek
Caption: Grants to aeronautical university total $250,000
Word Count: 272
Embry-Riddle Aeronautical University has kept busy this week at NBAA-BACE 2023 with a series of announcements of philanthropic support from a range of donors.
The university kicked off its activities on Tuesday with news that aircraft management firm Solairus has granted Embry-Riddle’s Runway to Business Aviation Scholarship a $100,000 gift to help meet the anticipated growth in demand for civil aviation pilots.
This scholarship fund supports flight training costs for students interested in pursuing careers in business aviation. Solairus created the endowment to recruit high-performing students from underrepresented backgrounds and contribute to their success through a scholarship that pays for flight training costs. Students who receive the scholarship get the opportunity to engage with peer and industry mentors and receive professional academic career advice.
Next, business aviation financial technology firm Tuvoli issued a $50,000 endowment to support students pursuing business degrees.   
Greg Johnson, president and CEO of Tuvoli and an Embry-Riddle alumnus, signed the agreement for the endowment to support students pursuing business degrees in the David B. O’Maley College of Business. Along with providing financial support, the new internship program will engage business students with hands-on experience in the financial technology sector.
Finally, on the convention’s second day, the National Aircraft Finance Association Foundation (NAFA) gifted $100,000 to support faculty in ensuring the growth of general and business aviation programs at Embry-Riddle Aeronautical University’s David B. O’Maley College of Business. Along with the gift, the foundation has agreed to involve its members in panel discussions for faculty and students, sharing expertise, and serving as class speakers.