Armenia Fund (full name Hayastan All Armenian Fund, Armenian: Հայաստան համահայկական հիմնադրամ) was established in 1994 in Los Angeles, California. Armenia Fund, Inc. is a 501(c)(3) tax-exempt, non-governmental, non-political corporation, headquartered in Yerevan. Serving as the United States' Western Region affiliate of the "Hayastan" All-Armenian Fund along with its nineteen subsidiaries around the world, Armenia Fund, Inc. has issued over $120 million of electricity development guarantee and humanitarian revenue for Armenia. Lately, the government of Armenia has been contributing to the fund since the fund has been receiving less support and not being able to meet its initial goals.[1]
Goals
Armenia Fund attempts to rebuild Armenia's economy and assist in the well-being of life in the region. Additionally, the organization attempts to rebuild major infrastructures damaged in Karabakh during the first Nagorno-Karabakh War.[2] The Fund has adopted a policy to go "Beyond Bricks and Mortar" to provide sustainability for projects it sponsors.[3]
Western Diocese of the Armenian Apostolic Church of America;
Western Prelacy of the Armenian Apostolic Church of North America;[5]
[6]
Famous donors
Some of the most famous donors and supporters of Armenia Fund include Kirk Kerkorian,[7] the Kardashians,[8]Serj Tankian of System of a Down and Cher.[9] In 2020, due to the Nagorno-Karabakh(Artsakh) war, Kim Kardashian donated $1 Million.[10] System of a Down released two new songs after 15 years, donating all the proceeds to Armenia Fund.[11] As of December 2020, they had raised nearly $1 Million as a result.[12]
Controversies
Kaputak Sevan
In 2007, the fund provided funding for the construction of a windsurfing center named "Kaputak Sevan" near the lake Sevan. Then the resort was "coincidentally" owned by Bella Kocharyan, former president Robert Kocharyan's wife.[13][14]
Ara Vardanyan
In 2018, executive director of the fund Ara Vardanyan was arrested by National Security Service of Armenia. He was accused on embezzlement and misuse of money. Vardayan admitted that he has been using a Himnadram credit card for online gambling.[15] Later, in 2019, a new episode of embezzlement has been revealed by the National Security Service of Armenia and the charges brought against Vardanyan have been modified.[16] According to the new charges, Vardanyan is charged with embezzlement and abuse of powers by an official of a non-profit organization. Vardanyan, who had been detained within the scope of the case, has been released on bail.[17][18]
Money laundering
Ara K. Manoogian, a human rights activist alleged that vast and sophisticated money-laundering network of the Himnadram has long called Armenia, one of the world's largest tax evaders with an annual black market worth about $300 million, and Karabakh, a legal gray area where international inspection has been impossible for decades, safe havens. The sixteen branches of the Himnadram are tax-exempt because they are a part of a nonprofit organization. Some Armenian oligarchs have used this tax-exempt status extensively. One such case was exposed by investigative journalists.[14]
Telethon
Beginning in 1997, an annual telethon was set up and televised across the globe. The annual telethon takes place on Thanksgiving Day on various Armenian TV channels worldwide. On October 10, 2020, a special edition telethon took place to collect funds due to the 2020 war that broke out between Azerbaijan and Artsakh.
^"Kirk Kerkorian Passes Away at 98". Asbarez.com. 2015-06-16. Retrieved 2020-12-16.
^"Kim Kardashian West donates $1 million to the Armenia Fund". FOX 11. 2020-10-10. Retrieved 2020-12-16.
^Stuart, Gwynedd (2020-11-12). "Cher Is the Latest High-Profile Person to Urge Americans to Pay Attention to the Crisis in Artsakh". Los Angeles Magazine. Retrieved 2020-12-16.
^Shafer, Ellise (2020-10-11). "Kim Kardashian West Donates $1 Million to Armenia Fund Amid Ongoing Conflict With Azerbaijan". Variety. Retrieved 2020-12-16.
^"With first new songs in 15 years, System of a Down pleads for international aid to support Armenia - Music News - ABC News Radio". abcnewsradioonline.com. Retrieved 2020-12-16.
^"System Of A Down Has Raised Nearly $1 Million For Armenia With New Singles". iHeartRadio. Retrieved 2020-12-16.
^Hakobyan, Gohar (2007-12-07). "«ԿԱՊՈՒՏԱԿ ՍԵՎԱՆԻ» ՍՊԱՍՈՒՀԻՆ՝ ԴՊՐՈՑԻ ՏՆՕՐԵՆ". Aravot.am. Archived from the original on 2011-01-10.
^ a bSrbinovski, Aleksandar (2022-03-20). "What Is Going On at the Armenia Fund?". The National Interest. Retrieved 2023-10-05.
^"The Director of "Hayastan" All-Armenian Fund Has Been Arrested". SNS.am. 2018-07-03. Archived from the original on 2021-02-25.
^""Հայաստան համահայկական հիմնադրամի" նախկին գործադիր տնօրեն Արա Վարդանյանը 10 մլն դրամ գրավի դիմաց ազատ կարձակվի". Hetq.am (in Armenian). Retrieved 2020-01-24.
^"Արա Վարդանյանը գրավի դիմաց ազատ է արձակվել". archive.ph. Archived from the original on 2020-01-24. Retrieved 2020-01-24.
^"Կալանավորվել է "Հայաստան" հիմնադրամի նախկին տնօրեն Արա Վարդանյանը". «Ազատ Եվրոպա/Ազատություն» ռադիոկայան (in Armenian). Retrieved 2020-01-24.
^"Telethon 1997". Archived from the original on 2010-08-17. Retrieved 2011-01-03.
^"Telethon 1998". Archived from the original on 2010-08-15. Retrieved 2011-01-03.
^"$5 Million Raised During Armenia Fund Telethon". Asbarez.
^"Telethon 2001 cancellation". Archived from the original on 2012-07-22. Retrieved 2011-01-03.
^"Armenia Fund - armeniapedia.org". www.armeniapedia.org.
^"Telethon 2003".
^ a b c"Hayastan All Armenian Fund - We Are Our Borders". www.himnadram.org.
^"Telethon 2007". Archived from the original on 2007-10-11. Retrieved 2011-01-03.
^"Telethon 2008". Archived from the original on 2008-10-19. Retrieved 2011-01-03.
^"Armenia Fund Telethon 2009 | ArmeniaFund". www.armeniafund.org.
^"Telethon 2010". Archived from the original on 2012-07-21. Retrieved 2011-01-03.
^"Over 1.37 MEUR donation pledges registered during Phonethon 2014 with support of Orange France". Panorama. 28 November 2014.
^"Over $15 million raised and promised in Hyastan All Armenian Fund's 19th Telethon". ARKA.
^"Hayastan Fund's 2016 Phoneathon raises 1.34 million euros". Public Radio of Armenia.
^Shafar, Ellise (October 11, 2020). "Kim Kardashian West Donates $1 Million to Armenia Fund Amid Ongoing Conflict With Azerbaijan". Variety.com. Variety. Retrieved October 11, 2020.
^"Armenia Fund Thanksgiving Day Telethon Raises $22.9 Million". Asbarez.com. 2020-11-27. Retrieved 2020-12-16.
^"Over $12 Million Raised for Humanitarian, Civilian and Infrastructural Relief During Armenia Fund Telethon – Asbarez.com". November 26, 2021. Retrieved 2022-08-27.