ACEF aggregates individual endowment funds and invests them in a broadly diversified portfolio. Yet, each ACEF fund is accounted for separately. A single parish might have 50 to 100 endowments benefiting that parish, and each one is individually tracked and reported on.
Further, ACEF investments are subject to a full, independent audit every year. This ensures that each of the hundreds of individual endowments that make up the Armenian Church Endowment Fund is properly managed and documented. This audit and our investment strategies are always available for review, and anĀ annual report is sent to the guardian of each fund.