Location May 18, 2009
Location Armenia
The Board of Trustees of the Hayastan All Armenian Fund convened its 18th annual meeting today. Held at the Government Reception House in Yerevan, the meeting was attended by 28 of the Board’s 35 members as well as 25 representatives of various fund affiliates.

The meeting, led by RA president and Hayastan All Armenian Fund Board of Trustees president Serzh Sargsyan, commenced with blessings by His Holiness Garegin II, Catholicos of All Armenians, and the Lord’s Prayer. Before moving on to the main agenda, President Sargsyan acknowledged several supporters who have made sizeable financial contributions to the Hayastan All Armenian Fund in recent years. Accordingly, the president bestowed Honorary-Member (for donations of $1 million or more), Benefactor-Member ($500,000 to $1 million), and Supporting-Member ($250,000 to $500,000) certificates on a number of individuals and corporations.

Those receiving Honorary-Member certificates included businessmen Samvel Karapetyan, Sergey Hambardzumyan, Gagik Tsarukyan, Seyran Karapetyan, and Edik Khachatryan as well as the VivaCell-MTS and ArmRusgasprom companies, while Karabakh Telecom received a Benefactor-Member certificate. Those bestowed with Supporting-Member certificates included businessmen Mikhail Baghdasarov and Samvel Alexanyan and the Michael Vardanyan Foundation.

Following the awards, Arkadi Ghukasyan, former president of Nagorno Karabakh and current RA ambassador of special assignments, was elected unanimously as vice-president of the Hayastan All-Armenian Fund Board of Trustees. RA National Assembly president Hovik Abrahamyan, RA Central Bank president Arthur Javadyan, and RA minister of diaspora Hranush Hakobyan became ex officio members of the Board. Also admitted into the Board of Trustees was Samvel Karapetyan, through whom Russia’s burgeoning Armenian community will be represented in the governing body for the first time.

Longtime major benefactor and Board member Louise Simone-Manoogian was granted Honorary-Member status in light of increasing work obligations that would prevent her from participating in Board activities on a regular basis,.

Ara Vardanyan, who served as acting executive director of the Hayastan All Armenian Fund for the past year and deputy executive director for the three preceding years, was confirmed in his position as the fund’s new executive director.

Subsequently the attendees were presented with annual financial and audit reports as well as a documentary film on 2008 operations. Vahe Jazmadarian of the fund’s Control Committee reported that construction projects throughout 2008 reflected significant qualitative improvements and optimal utilization of resources.

The trustees discussed and approved the fund’s new annual strategy, which comprises the continuation of the Rural Development Program in Armenia and Artsakh in conjunction with a host of infrastructure-development, healthcare-development, technical-assistance, and educational projects. At the suggestion of President Bako Sahakyan of Nagorno Karabakh, the trustees resolved to dedicate the fund’s 2009 Telethon to the revival of Shushi. In this respect, a comprehensive restoration and development plan will soon be elaborated jointly by the Hayastan All Armenian Fund Executive Board and the government of Artsakh.