ACEF Is Transparent And Accountable

The ACEF Board of Directors makes all investment decisions, after reviewing the recommendations of our independent investment advisors. These advisors are paid a yearly fee and do not profit from any trades.

ACEF is completely independent of the Diocese. Furthermore, strict regulations and policies ensure that each endowment that is established with ACEF is accounted for separately.

ACEF investments are also subject to a full independent audit every year. This ensures that each of the hundreds of individual endowments that make up the Armenian Church Endowment Fund is properly managed and documented. This audit, our IRS Form 990, and our investment strategies are always available for review, and an annual fund report is sent to the guardian of each endowment. ACEF is also willing to share its investment principles and strategies with parishes that choose to invest elsewhere.