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Finance
Armenia Fund, Incorporated maintains high levels of accountability
and financial transparency. Through annual financial audits,
conducted by independent auditing firms, the organization
successfully demonstrates its financial transparency on an
annual basis. Furthermore, Armenia Fund Inc. maintains low
administrative costs, thereby allocating more of donated money
to projects in Armenia and Karabakh. As a matter of fact,
more than 90 percent of collected money is directly allocated
to the projects. Less than 10 percents is used for administrative
and fundraising purposes.
Armenia Fund also maintains financial reports of projects
in Armenia. By closely monitoring the financial allocations
of each project, Armenia Fund and its 18 affiliates closely
adhere to the transparency in their operations.
Armenia Fund Inc.’s main affiliate, “Hayastan” All-Armenian
Fund undergoes a rigorous audit, conducted by Grant Thornton
Amyot, the Armenian branch of Grant Thornton – one of the
world's leading organizations of international auditors and
business advisers. A partial list of its clients includes
projects implemented by the World Bank and major Western companies
operating inside Armenia. During this audit, Armenia Fund,
Inc. participates by submitting its input, alongside all financial
transactions that have taken place between Hayastan All-Armenian
Fund and Armenia Fund Incorporated. An independent control
committee also monitors the finances and construction projects
implemented by Hayastan All-Armenian Fund.
Armenia Fund, Incorporated, through contacts with its main
affiliates, provides progress reports detailing financial
costs and breakdowns to donors of special projects. By engaging
in high levels of oversight measures, Armenia Fund continues
to strengthen its trust amongst all donor levels.
As a 501 (c)(3), non-profit corporation registered with the
State of California, all donations made to Armenia Fund, Inc.
are tax-deductible as delineated by tax laws. All donors receive
a tax-deductible receipt in return for their kind donation
to Armenia Fund.
Armenia Fund, Inc., is a non-profit 501(c)(3) tax-exempt corporation
established in 1994 to facilitate large-scale humanitarian
and infrastructure development assistance to Armenia and Nagorno
Karabakh. Armenia Fund, Inc. is the U.S. Western Region affiliate
of “Hayastan” All-Armenian Fund.
Tax ID# 95-4485698
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