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NEWS Press Releases With a close-to $2-million donation by philanthropist Samvel Karapetyan, Hayastan All-Armenian Fund builds potable-water system in Martuni
2011-06-06
With a close-to $2-million donation by philanthropist Samvel Karapetyan, Hayastan All-Armenian Fund builds potable-water system in Martuni
Thanks to the extraordinary financial support of Samvel Karapetyan, president of Tashir Group of Companies, a member of the Hayastan All-Armenian Fund Board of Trustees, the fund is currently building a highly anticipated potable-water system in the city of Martuni, Artsakh. When the first phase of the project is completed by the end of this year, almost two-thirds of Martuni will have around-the-clock access to water. Coverage of the entire city will be achieved with the subsequent completion of the plan’s second and third phases.

The Martuni initiative is the second major water-infrastructure project in Artsakh to be realized mainly through the support of Samvel Karapetyan and the Karapetyan Brothers Company, headed by the benefactor. The first project of this type, also now underway, is the construction of Shushi City’s internal water network, financed by Russian-Armenian industrialists. The lion’s share of their contributions, totaling around U.S. $1 million, was provided by Samvel Karapetyan.

Karapetyan’s generosity toward the Hayastan All-Armenian Fund was first manifested in 2008. That year the $35 million in raised funds announced at the conclusion of the annual Telethon spelled an unprecedented success, thanks to a $15-million contribution by Karapetyan.

Today Karapetyan’s gift to the people of Artsakh has become all the more palpable in the form of the newly constructed Regional Hospital of Stepanakert. When the project’s decoration and furnishing phases are completed in the near future, the large-scale healthcare facility will serve the population of Stepanakert and beyond.

In recent years Karapetyan has brought his active participation to the fund’s annual benefit Gala in Moscow, held at the invitation of the President of the Republic of Armenia. Karapetyan has attended the high-profile Moscow Galas not only as a benefactor, but a visionary and an industrialist who admires the fund’s pan-Armenian mission, accordingly sparing no effort to provide it with both financial and organizational assistance.

In 2009 the Hayastan All-Armenian Fund’s Board of Trustees unanimously elected Karapetyan a member of the Board and its Russian Federation representative, in recognition of his outstanding philanthropic service. Karapetyan has also been named an Honorary Member of the fund, a title conferred on benefactors who have donated $1 million or more.

“Undoubtedly Samvel Karapetyan has had an instrumental role in the recent history of the Hayastan All-Armenian Fund,” said Executive Director Ara Vardanyan. “It is no secret that, in terms of major contributions to the fund, the Russian-Armenian community has led the pack in the past two years. The community’s emergence as such is closely connected with the name of philanthropist Samvel Karapetyan, whose exceptional altruism has served as an example to numerous Russian-Armenian business leaders.”

The Karapetyan Brothers Company comprises over 200 businesses and a workforce of close to 30,000, many of whom are Armenians. Whereas running such a massive corporation would be expected to absorb most of one’s energies, Samvel Karapetyan manages to fulfill equally the roles of chief executive, devoted father and husband, and an exemplary patriot who is as ever attuned to the pulse of the homeland.

Karapetyan’s generosity has already touched the lives of thousands. Today their numbers are swelled by the people of Martuni, who bestow blessings on their beloved benefactor as they celebrate the long-awaited gift of water.

















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