The European Film Academy (EFA) is mainly financed by the LOTTO Foundation Berlin, with additional financial support by the German State Minister of Culture and the Media, as well as by the CREATIVE EUROPE / MEDIA Sub-programme of the EU, Medienboard Berlin-Brandenburg, and partners and sponsors related to EFA`s activities throughout Europe.

In addition, EFA is backed by the international film industry (see EFA patrons).

The European Film Awards Ceremony is presented jointly by the European Film Academy and its production company EFA Productions gGmbH, and financed independently from the European Film Academy, through private and public sources as well as international TV sales.