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Legacy Institution of Eurasia Foundation is Launched

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  • Legacy Institution of Eurasia Foundation is Launched

    PRESS RELEASE
    Eurasia Foundation
    56 Zarobyan Str., Yerevan 0009, Armenia
    Contact: Alisa Alaverdyan
    Tel: (374 10) 586095
    Fax: (374 10) 586096
    E-mail: <mailto:[email protected]> [email protected]
    Web: http://www.eurasia.am/



    Legacy Institution of Eurasia Foundation is Launched



    Yerevan, Armenia - On November 15, 2007, marks the official launch of
    Eurasia Partnership Foundation (EPF), the local legacy institution of
    Eurasia Foundation (EF) in the South Caucasus. Members of the press are
    invited to attend a press conference at 14:30 on Thursday, November 15 in
    the Queen Erato Meeting Room of the Armenia Marriott Hotel to hear about
    this initiative from members of EPF's Board of Trustees; the President of
    EPF, George Zarubin; the President of Eurasia Foundation, Horton
    Beebe-Center; EPF Country Director in Armenia, Gevorg Ter-Gabrielyan; Joseph
    Pennington, Charge d'Affaires of the United States Embassy; and the Deputy
    Minister of Foreign Affairs, Arman Kirakossian.



    In Armenia, the launch of EPF will be marked by a meeting of members of
    EPF's senior management and Board of Trustees with President Kocharian, and
    two round table discussions on labor migration and cross-border dialogue and
    cooperation. EPF will begin official operations as a local foundation on
    January 1, 2008, when EPF will take over EF's programs, tools and
    approaches, staff and financial management systems.



    With offices registered in Armenia, Azerbaijan and Georgia, EPF will inherit
    the key resources that have made Eurasia Foundation a leading innovator in
    civil society development in the region. At the same time, the new
    Foundation will re-emphasize local decision making as the driver of positive
    social change. This will be accomplished through a strengthened governance
    system driven by experts whose guidance in programmatic planning and long
    term institutional development will ensure that EPF is acting on behalf of
    needs that are defined locally.



    The Board of Trustees will be made up of international figures with expert
    knowledge of the region, including Kenneth Yalowitz, former U.S. Ambassador
    to Georgia, Dieter Boden, former German Ambassador and OSCE representative
    and Sabine Frazier, a specialist in civil society and conflict resolution
    with the International Crisis Group. The Board members' expertise in
    business, finance and law will ensure that the new Foundation is accountable
    and fiscally responsible: Margaret Richardson is the former Commissioner of
    the U.S. Internal Revenue Service, Andrew Coxshall is the Managing Partner
    of KPMG in the South Caucasus and David Lee is the Director of MagtiCom,
    Ltd., Georgia's largest telecommunications service.



    The Board's guidance on strategic and financial decisions will be
    complemented by guidance from local Advisory Committees, composed of local
    experts who convene to provide guidance and expertise on the new
    Foundation's programmatic decisions.



    According to George Zarubin, President of EPF, "The new foundation will also
    begin an important collaboration between U.S. and European partners. In
    addition to core support from USAID, the Swedish International Development
    Agency plans to support EPF for three years. Many other European, North
    American and corporate donors will support EPF."



    "The Eurasia Foundation has contributed greatly to the building of a strong
    civil society in the South Caucasus, and to enhancing cross-border dialogue
    throughout the region. The U.S. government is pleased to have assisted in
    that effort. The new structure being unveiled today should serve to enhance
    these efforts by facilitating greater local input in the design and
    implementation of their programs," states Joseph Pennington, Charge
    d'Affaires of the U.S. Embassy in Armenia.



    Supported by the United States Agency for International Development and
    other public and private donors, EF has invested nearly $70 million in the
    South Caucasus through more than 1,700 grants and programs since 1992.
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