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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ACEF WELCOMES AMERKANIAN & KHATCHADOURIAN TO BOARD OF DIRECTORS; PAYS TRIBUTE TO KELESHIAN BONOMO

The Armenian Church Endowment Fund (ACEF) recently welcomed Greg Amerkanian and Aline Khatchadourian to its Board of Directors, while acknowledging  the close of an eight-year term by legacy Board member Alyssa Keleshian Bonomo. Amerkanian and Khatchadourian will attend the upcoming November 22nd Board of Directors meeting at the Diocesan Center in New York City. We are very appreciative of Alyssa’s…

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ACEF Launches New Social Media Channels

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 ownsocial media channels on two of the most popular platforms, Facebook and LinkedIn.…

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Despite Covid And a Volatile Market, ACEF Portfolio Remains Healthy and Positioned For Growth

Shortly after the first case of Covid-19 in the U.S. was confirmed in January and quickly reached pandemic status, world financial markets reacted with worrying volatility. But while many investors around the globe were uncertain about the future of their financial assets, the Armenian Church Endowment Fund’s (ACEF) portfolio remained under the steady and capable guidance of its Board of…

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