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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ACEF Board Member Bryan Stepanian Recognized Among Connecticut’s Top Wealth Managers

ACEF Board Member Bryan Stepanian Recognized Among Connecticut’s Top Wealth Managers

Please join us in congratulating ACEF Board Member Bryan Stepanian, Managing Director at Alex. Brown, a Division of Raymond James, for being recognized among the top wealth managers in Connecticut in the sixth annual Forbes/ SHOOK Research Best-in-State Wealth Advisors ranking. Stepanian is a valued member of ACEF’s leadership team. We are grateful for the experience, financial expertise and commitment…

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ACEF Board Member Marie A. Vanerian Named Top Wealth Manager in Michigan

ACEF Board Member Marie A. Vanerian Named Top Wealth Manager in Michigan

Congratulations to ACEF Board Member Marie A. Vanerian, Merrill Lynch Managing Director – Wealth Management, for being recognized among the top wealth managers in Michigan in the sixth annual Forbes / SHOOK Research 2024 Best-in-State Top Women Wealth Advisors category. Marie is a valued member of ACEF’s leadership team, where her financial expertise and dedication help build a financial foundation…

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ACEF PARTNER SPOTLIGHT: Fund for Armenian Relief

ACEF PARTNER SPOTLIGHT: Fund for Armenian Relief

With income distributions generated by its various endowments invested in the ACEF, the Fund for Armenian Relief (FAR) has been able to underwrite the costs of improving the quality of life of children in need and strengthening family units. Whether it’s providing critical medical care, sourcing a loving foster home or offering emotional/psychological support for parents and their children, FAR’s…

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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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