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Hayastan" All-Armenian Fund Convenes its Annual Summit

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  • Hayastan" All-Armenian Fund Convenes its Annual Summit

    "Hayastan" All-Armenian Fund Convenes its Annual Summit

    FOR IMMEDATE RELEASE
    May 21, 2004

    CONTACT: Sarkis Kotanjian
    Phone: (818) 243-6222
    Fax: (818) 243-7222
    E-mail: [email protected]



    Glendale, CA - The Board of Trustees of "Hayastan" All-Armenian Fund
    held its annual general meeting in Yerevan on May 6, 2004. The meeting
    was part of a week-long summit (May 4th-May 11th) which brought together
    representatives of the Fund's eighteen overseas affiliates from Canada,
    South America, Europe, the Middle East and the United States.
    President of the Republic of Armenia and Chairman of the Board of
    Trustees of "Hayastan" All-Armenian Fund, H.E. Robert Kocharian, and the
    President of Nagorno Karabakh Republic H.E. Arkady Ghoukasian
    participated in the sessions and activities. The key objective of the
    summit was to assess the Fund's current programs and to chart out the
    5-year and 10-year plans to enhance the Fund's activities.

    Armenia Fund, Inc. (AFI), the Fund's affiliate in the Western United
    States, was represented by its Chairperson, Maria Mehranian and
    Vice-Chairman Ara Aghishian, Esq. In her report, Mehranian discussed
    the challenges facing AFI and outlined the organization's development
    strategy for the upcoming five years. She said that while the Western
    U.S. has a sizable active Armenian population, it also has the
    responsibility to create and maintain a complex network of its own
    cultural, educational, religious and administrative institutions that
    cater to its local communities. Recognizing this reality, she stressed
    that the Fund's key messages should emphasize the inseparable link
    between Armenia and the Diaspora. The diversity of the Armenian
    communities in the Western U.S. necessitates a strong public outreach
    program that establishes and maintains the credibility of the Fund,
    while staying connected to its constituency.

    "AFI does not view these challenges as obstacles rather as factors
    that offer unique opportunities that can enhance our activities", said
    Mehranian. For example, the expansive geographic area and the diverse
    population in the Western region are powerful sources of assets and
    capabilities for specialized assistance to the Fund's programmatic and
    targeted projects. At the same time, the large number of single and
    multi-purpose organizations in the region offer opportunities for
    strategic partnerships to sponsor specific projects.

    Presenting AFI's strategic development plan for the upcoming five years,
    Mehranian stated that the organization's Board of Directors will
    concentrate its efforts on achieving several important goals: expand and
    diversify the donor base by developing a multi-level fundraising
    strategy, educate the public about Armenia's critical needs and the
    range of the Fund's projects that target those needs, and establish
    strategic partnerships to implement joint projects with other Armenian
    organizations currently involved in Armenia and Nagorno Karabakh. She
    emphasized that these goals can only be achieved by maintaining
    political independence and neutrality, adhering to strict accountability
    and financial transparency, and by professional management of
    fundraising and fund allocation at the executive level.

    During an interview with Ara Aghishian, Esq., Vice-Chairman of AFI,
    Inc., upon his return from the Summit, he stated that "I was very
    pleased with the rate of progress our projects in general are being
    implemented in Armenia. I was there at the last Summit in September of
    2003, and observed a tremendous amount of improvement the Fund has done
    from September 2003 to May of 2004. I am certain that the leadership
    will continue this important task with the same vigor and dedication."

    Armenia Fund, Inc., a non-profit 501(c)(3) tax-exempt corporation, is
    the West Coast affiliate of the "Hayastan" All-Armenian Fund
    headquartered in Yerevan, Armenia. Since 1994, AFI has generated over
    $20 million for various large-scale humanitarian and infrastructure
    development projects in Armenia and Nagorno Karabakh.
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