On March 20, 2008, the Chairman of the Board of the Estonian National Culture Foundation (ERKF), Eri Klas, and the CEO of EuroPark, Karol Kovanen, signed the establishment agreement of the Kadriorg Foundation. The goal of the Kadriorg Foundation is to contribute to the preservation and development of the unique palace and park ensemble in Estonia and throughout Northern Europe.
The funds received through donations are used specifically for the development of Kadriorg Palace and Park. The funds collected and grown by the Foundation have been used to provide scholarships to individuals such as Maigi Magnus (in 2010 for the production of an animated film called "Jänku-Juss läheb Kadriorgu" for the children's portal Lastekas.ee), and Mari Kurismaa (in 2011 for designing play areas in the Kadriorg Art Museum).
There are donation boxes located in Kadriorg Park and the art museums where cash donations can be made. Support can also be transferred directly to the bank account of the Estonian National Culture Foundation.
According to the assessment of the management board of the Foundation, which includes Karol Kovanen, CEO of EuroPark, Professor Juhan Maiste, Jüri Kuuskemaa, Kadi Polli, Director of Kadriorg Art Museum, and Ain Järve, Director of Kadriorg Park, it is important to focus on children in the context of the park's future. "Children are our future, and there is reason to hope that the interest and emotional connection to the beautiful park created by Peter I, which begins at a young age, will continue in the future and be passed on to the next generations," said Kovanen. The Kadriorg Youth Park, with the Miia-Milla Manda children's museum and playgrounds, has become a children's area with numerous visitors, which is visited by hundreds of children and their parents every day. Kadriorg Park and its splendid art museums, Kadriorg Palace and Kumu, are continuously evolving towards greater accessibility and visitor-friendliness.