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…

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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…

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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/

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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.…

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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…

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50 Years of Investing as a Community for the Armenian Church

50 Years of Investing as a Community for the Armenian Church

Fifty years ago, a group of forwardthinking leaders of the Armenian American community recognizedthe need to build a solid financial foundation for the Armenian Church that would fund its financial needsin perpetuity. These visionaries—Haig Kavookjian, Dadour Dadourian, Edward Mardigian, Harry Tatosian,Dickran Missirlian, George Bashian, Suren Fesjian, Gould Kardashian and Barry Zorthian—laid the groundwork by investing the money that remained from…

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ACEF LAUNCHES NEW SOCIAL MEDIA CHANNELS

Facebook and LinkedIn Platforms Encourage Community Participation With Fund At a time when current global challenges have affected gifts and donations to the parishes of the Armenian Church, social media provides the ability to directly reach current benefactors, as well as future donors. For this reason, ACEF is very excited to announce the creation of its own social media channels…

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