2024 Highlights In 2024, ACEF’s managed assets climbed to $152 million.* We received $3.7 million in contributions and reinvestments and were thrilled to once again, distribute 4.5% of ACEF’s assets ($6.4 million) to our beneficiaries based on a rolling average of the past 12 quarters’ market value.: *as of December 31, 2024 (Private investment funds are marked to market as…
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…
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/
See the impact and growth of investments made with Armenian Church Endowment Fund – ACEF in the easy-to-view infographic. Numbers speak volumes!
Join us in congratulating ACEF Board Member Robert Cannuscio for being recognized among the top trademark individuals in the most recent annual World Trademark Review (WTR) 1000.
ACEF is pleased to announce that Lisa Kazanjian has been appointed to the newly created position of Executive Director.
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.…