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Commitment to North Armenia, Artsakh — Armenia Fund USA Newsletter 2014.1

Armenia Fund USA Inc.
594 Valley Health Plaza
Paramus, NJ 07652

Tax ID: 13-3696515

Phone: 212-689-5307
Fax: 212-689-5317

info@armeniafundusa.org

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FREQUENTLY ASKED QUESTIONS

  1. How did Armenia Fund USA begin?
  2. How successful has Armenia Fund USA been?
  3. What is the process for selecting projects?
  4. Does the Armenian government have control over fund allocation?
  5. Where do contributions go?
  6. How is Armenia Fund USA audited?
  7. What about privacy and sharing of personal information?

1. How did Armenia Fund USA begin?

Armenia Fund USA was founded in 1992 as part of the Hayastan All-Armenian Fund, and was exclusively created for funding large-scale infrastructure, development and humanitarian projects in Armenia and Karabakh. Check the Armenia Fund Worldwide page for more information.

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2. How successful has Armenia Fund USA been?

Extremely. In one short decade, Armenia Fund USA has raised over $18.2 Million and participated in or implemented ten projects ranging from the principal K-12 school in Vanadzor to the East-West Highway linking Armenia and Karabakh. Armenia Fund USA and the Hayastan All-Armenia Fund have built over 137 miles of roads, 81 miles of waterways, 36 schools, 3 electric transmission networks, 210 residential buildings, and 14 healthcare institutions.

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3. What is the process for selecting projects?

Hayastan All-Armenia Fund’s Board of Trustees determines an official list of projects on a yearly basis based on regional needs. Affiliates around the globe, including Armenia Fund USA, decide which projects they would like to sponsor. Once a decision is made, a request is sent to Armenia and a formal agreement is signed between Armenia Fund USA and the Hayastan All-Armenia Fund.

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4. Does the Armenian government have control over fund allocation?

No. The Armenian government has no role in the selection of the projects nor does it have any control whatsoever over Armenia Fund’s finances. The magnitude of many of the Fund’s projects does make it necessary to work in conjunction with various ministries and municipal departments, but both Hayastan All-Armenian Fund and Armenia Fund USA act independently of the Armenian government.

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5. Where do contributions go?

General Contributions to Armenia Fund USA go toward the Fund’s National Giving Campaign. Donors may also request that their funds be allocated toward specific projects, such as the North-South Highway, the Orphan’s Fund or the Stepanakert Polyclinic. Donors can track the progress of their projects through updates provided by the Fund.

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6. How is Armenia Fund USA audited?

Armenia Fund USA undergoes local annual audits. Hayastan All-Armenian Fund is audited annually by AMYOT, an international auditing firm in Paris, France. Auditing reports are published in the Fund’s Annual Report. Furthermore, Armenia Fund USA’s Board of Directors ensures that all projects abide by strict and formalized procedures that ensure procurement transparency and quality control.

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7. What about privacy and sharing of personal information?

Your privacy is important to us at Armenia Fund USA. Rest assured that any information we collect from you will be treated with care and discretion. Under no circumstances will we share your personal information with other parties for their independent use without your permission. Check our Privacy Policy for more details.

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