‘FAREWELL & THANK YOU’ TO LEGACY BOARD MEMBERS GREG ZORTHIAN & MELANIE DADOURIAN

‘FAREWELL & THANK YOU’ TO LEGACY BOARD MEMBERS GREG ZORTHIAN & MELANIE DADOURIAN

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…

Read more

CELEBRATING GREG ZORTHIAN’S THREE DECADES OF SERVICE

CELEBRATING GREG ZORTHIAN’S THREE DECADES OF SERVICE

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…

Read more

HONORING A LEGACY THROUGH ENDOWMENT

HONORING A LEGACY THROUGH ENDOWMENT

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…

Read more

ROBERT CANNUSCIO RECOGNIZED FOR ACHIEVEMENTS

ROBERT CANNUSCIO RECOGNIZED FOR ACHIEVEMENTS

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…

Read more

ACEF 2023 ANNUAL REPORT

ACEF 2023 ANNUAL REPORT

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/

Read more

2022 Year in Review: ACEF Distributes a Record $6 million

2022 Year in Review: ACEF Distributes a Record $6 million

2022 was a volatile year for the capital markets, which reacted to fears of a looming recession, the Federal Reserve’s efforts to tame inflation and the war in Ukraine, among other things. The Armenian Church Endowment Fund (ACEF) finished 2022 with a portfolio valued at $139.6 million, which represented an 11.8% decrease from $157.5 million at the end of 2021.…

Read more

ACEF Board Welcomes New Board Members

ACEF Board Welcomes New Board Members

Robert E. Cannuscio rejoined ACEF after a one year hiatus due to term limits. Rob had previously served as a Board Member from 2013–2021. He is a partner at the law firm of Faegre Drinker Biddle & Reath, where he specializes in Intellectual Property Law. Rob is a member of St. Sahag & St. Mesrob Church in Wynnewood, PA. Gregory…

Read more