as a Community
Since 1973
NEWS FEED
What's New?
During its last meeting of 2024, ACEF’s Board of Directors bid farewell and ‘thank you’ to Chairman Greg Zorthian and Communications Committee Chair Melanie Dadourian, who completed their board terms at year end. Both are proud legacies of the organization, for Greg’s father Barry Zorthian and Melanie’s grandfather Dadour Dadourian were two of the founders of ACEF. Please join us…
ACEF’s Board of Directors extends its heartfelt gratitude to Greg Zorthian for his 29 years of service, including the past three as chair and a break (2012-2014) due to term limits. Greg’s exemplary leadership, expertise and unwavering commitment to our mission has played a significant role in the organization’s financial and strategic growth. Since joining ACEF in 1992, ACEF has…
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…
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.