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In 2020, the family of Edward Onanian established a $500,000 ACEF endowment in his memory to benefit the lay staff of the Eastern Diocese. The fund contributes annually to every participating employee’s 403(b) retirement savings plan. Today, the “Edward Onanian Memorial Fund” has grown to $725,500 thanks in part to the family making annual gifts with a market value, as…
We are pleased to share the news that Robert Cannuscio, ACEF Board Member and Faegre Drinker Biddle & Reath Partner, has been recognized in 2024 for his work in the field of Patent/Intellectual Property Law: • Named among Best Lawyers® 2025 “Best Lawyers in America” report • Ranked “Band 3” level for Intellectual Property Law in Pennsylvania in Chambers USA…
We are delighted to share ACEF’s 2023 annual report. Review fiscal year fund performance, endowment activities, Board news, and the positive impact our mission has had on the Armenian Church and its community. View at https://acefinvest.org/about/news/reports/
Who We Are
The ACEF Difference
Quick Facts (as of 12/31/23)
Philosophy And Strategy
The Armenian Church Endowment Fund (ACEF) is an independent nonprofit that supports parishes and individuals who are creating a legacy through endowments. We encourage these parishes and individuals to make long-term investment planning an everyday practice, and we help them maximize financial returns by investing as a community.
An endowment is a promise. It can ensure, for example, that a parish will always have sufficient operating funds, that a new building can be maintained for its entire life, that a youth program will pass on Armenian traditions. If you care passionately about your parish or a specific program, creating an endowment will support it in perpetuity. The principal of the endowment will grow over time, and the income must always be used to fulfill your wishes.
ACEF aggregates individual endowment funds and invests them in a broadly diversified portfolio. With a multimillion-dollar portfolio, ACEF can help you take advantage of investment opportunities that are simply not available to smaller investors or individual parishes. This includes funds that are closed to smaller investors, as well as vehicles appropriate only for a large, highly diversified portfolio.