- 2018 - - 2018

Annual Report 2017-2018

1 02. Message from the Chair Education is the Table of 03. Message from the President 04. Presidential Commendation most powerful Contents 06. Building and Planning for a New Armenia weapon which you 08. Leading Armenia into the Future 09. Distinguished Alumnus can use to change 10. Keeping Alumni Connected Around the World 12. New Campus Additions Funded by USAID/ASHA the world. 14. Highlights of New Degree Programs at AUA 18. International Grants by the European Commission -Nelson Mandela 20. Center for Research in Applied Linguistics (CRAL): Building English Language Skills from an Early Age

22. Financial Highlights 38. 100 Pillars of AUA 44. American University of Armenia Corporation & Fund Boards of Trustees

48. AUA Executive Team UA keeps on growing. Our This current activity and our future he 2017-2018 academic year community at large, who can join Message second undergraduate class growth will require adding new Message proved to be another year through the public pathway adjacent A has graduated, eighty-seven faculty, programs and facilities. AUA’s T of accomplishments for the to the amphitheater. We are grateful percent of whom are beginning new Data Science bachelor’s degree American University of Armenia. to ASHA and the American people for work or advanced studies, plus a few program is starting. We plan to add Most importantly, we started two new helping us make these unique and from the more beginning military service. an engineering building in the near from the degree programs: a BS in Engineering purposeful facilities available to our Their academic year was extended future with laboratories to support Sciences and an MS in Strategic students, faculty and the community a week to allow a makeup of classes AUA’s commitment to engineering Management. Both are accredited at large. Chair missed during the Velvet Revolution, science and computer and data President by WASC Senior College and with many students supporting a science programs. Many of us believe University Commission, 985 Atlantic In April and May, we witnessed the peaceful government change. AUA that a strong technology industry is Avenue, #100, Alameda, CA 94601. amazing Velvet Revolution. Many of is playing an important role in the critical to the country’s jobs growth Both programs have proven to be our students and faculty participated new government; two ministers and and national wealth. And in addition popular with students, with the latter in the demonstrations and we had to a number of deputy ministers are to the expansion of AUA’s science admitting a good number of our own extend the semester to make-up for AUA graduates, and bring their AUA- and engineering programs, we will bachelor degree graduates. missed classes. Our faculty organized learnt educational values of honesty, enhance and increase instruction and sessions in their classes to discuss the integrity and transparency to their research in our College of Humanities During the year, we had numerous revolution and allow free expression new positions and meritocracy to the and Social Sciences, Manoogian visitors to the University. Notable of opinions from all sides. We are government. Simone College of Business and among them were delegations from very proud that the new government Economics, and in the Gerald and the City of Pasadena, including Mayor includes two of our alumni as Thirteen percent of our students Patricia Turpanjian School of Public Terry Torenk; from the California ministers, three as deputy ministers, come from abroad, bringing their Health. AUA continues to provide State Legislature, including Assembly one as the secretary of the National varying cultures from around strong education to students in their members Adrin Nazarian, Dante Security Council, one as adviser to the world, and AUA is increasing disciplines and more broadly to Acosta, Laura Friedman and Marc the President, and numerous others international recruitment for become well-educated citizens for all Levine and Senator Scott Wilk; and as advisers and assistants in various recognition as a strong regional Armenia. from the US Congress, including ministries. An article in this report university. The Student Union, Congressmen Frank Pallone, Jim provides more details on this topic. Faculty Center and Amphitheatre Our improvements and growth come Sensenbrenner and David Valadao performance venue have just from the dedicated efforts of AUA’s - - 2018 and Congresswomen Anna Eshoo, Among many student success been opened, and construction administration, faculty and staff. They Jackie Speier and Tulsi Gabbard. We stories, particularly noteworthy continues on our dormitory which will continue their excellence with also hosted a visit by President Armen are the participation of a team of will accept residents next year. expanding resources. Fortunately, - - 2017 Sarkissian in April. In October, our students in the international Near the dormitory, with generous AUA’s UC-managed endowment has we hosted a celebration event Wege Prize in Michigan, where assistance from the US Agency for grown from $49M to $58M this year, marking the 25th anniversary of the they placed fourth among 17 teams International Development, we’ll and the AUA endowments managed USAID-Armenia partnership. The from 12 countries; the Breedge start construction on a new building by AGBU have increased from $18M celebration also served as an occasion Team of our Entrepreneurship that will house the Acopian Center to $20M. We’ve received critical to highlight the accomplishments of and Product Innovation Center for the Environment, teaching labs unrestricted support from our 83 the University and the support that (EPIC), which won competitions in for our Master’s in Teaching English Pillars – thank you. And many of you USAID and its American Schools and Armenia and Eastern Europe and as a Foreign Language, and the upper have contributed to our scholarship Hospitals Abroad (ASHA) program went on to compete in the Microsoft two floors will host an incubator funds and endowments, without have provided to make them possible. Image Cup 2018 in Seattle; and the for initiatives dedicated to social which AUA could not have provided EPIC Currencii Team, which was Lawrence Pitts, MD entrepreneurship in collaboration the extensive support that our students Armen Der Kiureghian, PhD During the year, we undertook the accepted in the Startup Wise Guys with Impact Hub Yerevan. Also, need. Thanks also to all of you. We construction of our ASHA-funded acceleration program in Riga, Latvia. Chair AUA has leased from the City of greatly need your continued support in President Student Union, Faculty Center and AUA Board of Trustees Yerevan the park next to campus the years ahead to allow AUA to expand American University of Armenia Amphitheater. The Student Union Thanks to our donors, the value of to develop as a living-learning, and improve its programs. A great provides a much needed modern our endowment grew by almost $10M cyber-physical lab for students, university is constantly evolving – and space for our students to hang out, during the past year. Pursuant to I BELIEVE THAT AUA IS THE faculty, staff and the larger Yerevan AUA will always be moving forward. WE ARE PROFOUNDLY study, and hold Student Council our “need-blind” admission policy, GREATEST INVESTMENT community. Our Entrepreneurship GRATEFUL TO OUR meetings. It also provides space for we continued to give financial- POSSIBLE IN ARMENIA. I HOPE and Product Innovation Center I believe that AUA is the greatest DONORS, WHO MAKE THESE our Center for Student Success and aid scholarships to almost 50% of YOU AGREE AND INVEST (EPIC) just conducted its third investment possible in Armenia. I SCHOLARSHIPS POSSIBLE AND its Math and Writing Tutoring Center. our economically disadvantaged ALONG WITH ME AND ALL THE annual competition. There were 33 hope you agree and invest along with ENABLE STUDENTS FROM ALL The Faculty Center provides a space students. We are profoundly grateful TRUSTEES FOR ARMENIA’S AND applications for membership and me and all the Trustees for Armenia’s SOCIO-ECONOMIC STRATA TO for our faculty to congregate and to our donors, who make these AUA’S FUTURE. access to mentorship and startup and AUA’s future. ATTEND AUA. engage in intellectual discourse. The scholarships possible and enable funds; nine groups were selected multi-purpose amphitheater will students from all socio-economic from among enterprising groups You have my profound respect and be used for staging plays, holding strata to attend AUA. from within and outside AUA, all of gratitude. Thank you. musical performances, viewing films, which have at least one AUA student debating, and many other events, all Thank you for your continued support included. Best wishes. with the direct participation of the of the AUA. 02 03 r. Frazer is Senior Vice Armenia, affiliated with the Dr. President Emeritus of the University of California, was D University of California founded. Dr. Frazer served as the System and Professor Emeritus founding chairman of the Board of of Physics at UC Berkeley. He is a Trustees of the University, and is William member of the Boards of Trustees still a member of the Board. of the American University of Armenia, the Aspen Center for Dr. William R. Frazer has had a R. Frazer Physics, and the Aspen Science decisive role in the founding of Center. From 2006 to 2014 he AUA and all of us, indeed the was a member of the Executive Republic of Armenia, are indebted Committees of the Boards of to him for his leadership during Governors of Los Alamos National the early years of establishing and Laboratory and of Lawrence developing the University. Livermore National Laboratory.

In 1978 and 1979, Dr. Frazer chaired the Academic Assembly AUA Presidential and Council of the University of California, which are system-wide bodies through which the faculty Commendation exercise their shared governance responsibilities. From 1981 to 1991, IN RECOGNITION OF he was Provost of the UC’s nine- HIS DECISIVE ROLE IN campus system. In addition to ESTABLISHING THE AMERICAN academic planning and UNIVERSITY OF ARMENIA admissions to the University, he AND HIS LEADERSHIP AS THE was responsible for oversight of FOUNDING CHAIR OF THE - - 2018 the scientific programs of the Los BOARD OF TRUSTEES. Alamos, Livermore, and Berkeley National Laboratories, which at - 2017 - - - 2017 the time were managed by the University of California for the Department of Energy. In addition, he served as the first Chairman of the Board of Directors of the California Association for Research in Astronomy, the nonprofit corporation set up by UC and Caltech to build and operate the twin ten-meter Keck telescopes William R. Frazer, PhD atop Mauna Kea on the island of Hawaii. Senior Vice President Emeritus, University of California System In 1990, while he was the UC Provost, in response to a proposal Professor Emeritus of Physics, UC by three faculty members Berkeley (Agbabian, Der Kiureghian, and Karamardian), Dr. Frazer led a DR. WILLIAM R. FRAZER HAS team to visit Armenia, to HAD A DECISIVE ROLE IN THE investigate the feasibility of FOUNDING OF AUA AND ALL founding a UC-affiliated university OF US, INDEED THE REPUBLIC in Armenia. Favorably impressed, OF ARMENIA, ARE INDEBTED Dr. Frazer proposed to the UC TO HIM FOR HIS LEADERSHIP Board of Regents a resolution of DURING THE EARLY YEARS affiliation, which the Regents OF ESTABLISHING AND enthusiastically adopted. In 1991, DEVELOPING THE UNIVERSITY. the American University of 05 emarkable events this faculty members and students designed a series of iconic posters past year fundamentally to make up for lost classes. The that were used widely during the R transformed the political AUA community was given the weeks of protests and upheaval in landscape in the Republic of opportunity to use the occasion the country. Armenia and led to a civic for learning and teaching and as awakening not seen since the President Der Kiureghian noted, Following the transfer of power 1988 Karabakh Movement. “With open minds and open in Armenia, several AUA alumni Armenians across the country dialogue, we believe that progress were appointed to high-level took to the streets in protest toward resolving tensions will positions in the new government. and, in unprecedented and prevail.” See related article later in this widespread acts of civil report. disobedience that included An open letter signed by over 110 labor and student strikes, AUA faculty members on May 2 The Mayro start-up, one of the precipitated the resignation of the expressed unequivocal support to venture teams emerging from the prime minister and toppled the the Armenian people’s peaceful Entrepreneurship and Product government. movement to restore and shore Innovation Center (EPIC) at up democratic institutions and AUA, published a comic book The nationwide movement values, including supporting the entitled “The Armenian Velvet that came to be known as desire for fair and transparent Revolution” featuring a series of the Velvet Revolution was elections. The statement read: comic images and illustrations multigenerational, cut across “This new chapter in Armenian that portrayed the political events social and economic lines, history is in large part being of April-May 2018 in Armenia. engulfed rural and urban centers, written by students. They are “This is a story about peace and and saw unparalleled levels of in the streets and in the public people and not about civil defense Building & student engagement. domain by the thousands, or regime change. There are a few making history. History is also primary characters in the comic Promoting diversity of opinion, being made by those who may strips, but we, the people, are the freedom of expression, civil have other forms and paths of main hero,” Kristine Aslanyan, a

Planning for a - - 2018 discourse and debate have been civic engagement. We support the Mayro team member said. and continue to be at the heart peaceful, open exchange of many of AUA’s mission. In a statement different political perspectives. The authors of the book aim to

New Armenia - - 2017 issued on April 23, at the height of And we stand by all students both spread the story and message of the Velvet Revolution, President inside and outside the classroom the Armenian Velvet Revolution Armen Der Kiureghian noted, to support and help them turn worldwide and hope it will serve “Strongly believing that civil Armenia into the democratic, as a platform for readers to get discourse and debate are integral just nation that the constitution inspired to voice their own stories to the proper functioning of a guarantees and that the and share their experiences. healthy democratic society as Armenian people have patiently well as a university community waited for since 1991.” upholding freedom of speech Promoting and freedom of assembly, AUA Individual faculty members encourages and welcomes the also lent their voice and pen to diversity of open exchange of ideas inside the extraordinary events taking and outside of our classrooms place in the country. Viken regarding the current political Berberian, Lecturer at AUA’s opinion, freedom situation.” College of Humanities and Social Sciences (CHSS), published two of expression, civil Indeed, when many students articles on the political events chose to be part of a historic in Armenia: “Democracy is Held discourse and moment in their country’s Back in Armenia,” was featured collective narrative thereby in the New York Times and the debate have been missing classes, AUA’s other, “Armenia’s Bad Week for administration left it up to Autocrats,” was published in individual instructors to the New York Review of Books. and continue to make changes to their course Professor Mica Hilson published schedules to accommodate the an article, “The Little Revolution be at the heart of extraordinary situation and That Could,” in Slate Magazine. later extended the academic Visual artist Ruben Malayan, AUA’s mission. year by a week to allow both another lecturer from CHSS, 07 advancing the development of Leading Armenia Distinguished professional communities and the business environment in Armenia. He serves on the Board Gagik Gyulbudaghyan, of Directors of the American into the Future Alumnus IESM ’94 Chamber of Commerce in Armenia (AMCHAM), the Union of Manufacturers and Businessmen he academic year 2018 also executive decisions in government tarting in 2016, the American independent accounting and of Armenia, and the Chamber was unprecedented in the or elsewhere, the AUA education University of Armenia consulting in Armenia. GTA of Commerce and Industry of Tnumber of appointments will allow them to contribute S presents the Distinguished services encompass the full range France in Armenia. His rich public of AUA alumni to the Executive significantly and meaningfully in Alumni Award annually to those of audit, advisory services related service record includes support Council of Ministers and to whatever capacity they choose to AUA graduates who have made to valuations, transaction support, of the Orran Benevolent NGO other leadership positions in the serve and lead. No doubt, these meaningful contributions to M&A for due diligence and large and the Hayastan All-Armenian Republic of Armenia. Among the alumni will apply the knowledge of their profession on local, national public infrastructure projects. Fund. On a more private level, first appointments to the Executive democratic principles and values and international levels. The Gyulbudaghyan is a licensed Gyulbudaghyan has adopted the Council of Government Ministers gained at AUA in building the recipient of the award in 2017 was valuator and the founder of Grant families of four soldiers killed in are the former Governor of Shirak, brighter Armenia of tomorrow. Gagik Gyulbudaghyan, IESM ’94, Thornton Georgia, Tajikistan, the April war. Arthur Khachatryan (MBA ’96), as for his distinctive achievement, Kyrgyzstan and Mongolia and Minister of Agriculture and Mane meritorious service in his chosen member of the Board of Governors Above all, the recipient of the 2017 Tandilyan (MBA ’02) as Minister field and outstanding contributions of GT International. Aside from his Distinguished Alumni Award is of Labor and Social Affairs. Other to society. The award was presented realizations in Grant Thornton, a steadfast advocate of the AUA cabinet appointments made by at the traditional Alumni Reunion Gyulbudaghyan also serves as the education and one of the top the Prime Minister elect are two No doubt, these held in September 2017. Honorary Consul of Denmark in employers of AUA students and deputy ministers of healthcare: Armenia, appointed by the Queen graduates in his organization. As Lena Nanushyan (MPH ’05), Gyulbudaghyan is one of the of the Kingdom of Denmark, the words of a song he dedicated to formerly serving as the National founders of KPMG Armenia and Margaret II. AUA suggest, “We hoped, we knew Programme Officer of the Joint alumni will currently serves as managing the dawn will rise and joy will pour UN Programme on HIV/AIDS, and - - 2018 partner of Grant Thornton Gyulbudaghyan has made like a sunshine.” Anahit Vardanyan-Avanesyan Armenia (GTA), a lead firm in significant contributions to society (LLM '04). Another alumna in the apply the - - 2017 string of cabinet appointments is Arevik Anapiosyan (PSIA ’08) as Deputy Minister of Education and Science. knowledge of

Appointments to other governmental cadres also democratic included AUA alumni, namely Armen Grigoryan (PSIA ’11) as Secretary of the Armenian National Security Council; Hermine principles and Hambardzumyan (PSIA ’93) as Deputy Governor of Syunik; and a dozen other staffers in values gained at various executive offices of the government.

AUA alumni also were appointed AUA in building to the Executive Office of the President of the Republic of Armenia, namely Tevan Poghosyan the brighter (PSIA ’96) as Adviser to the President and Zoya Barseghyan (LLM ’18) as Acting Director of Information and Public Relations. Armenia of

Whether the career trajectory of our alumni includes making tomorrow. 08 09 The London reunion brought to alumni and students on the Current Alumni from different-year classes heartwarming dialogue with alumni Keeping Alumni the podium AUA Provost Randall Issues in Investment management. came together to hear about the by Assistant Vice President Anahit Rhodes, who spoke of the successes Anahit Ordyan delivered the closing most recent accomplishments of the Ordyan (MBA ‘93). achieved by the University in the remarks of the celebratory long University, to reflect on their years at recent past, also underscoring the week-end wishing that the steadfast AUA and to share their professional The alumni were kept abreast of Connected significance of alumni engagement support exhibited by this Class will experiences. The evening kicked the alumni reunions held earlier in the endeavors of the University. set an example for other classes to off with welcoming remarks by this year in various cities and The stellar alumni event of the follow. The formal presentation of Vice President of Operations Ashot the establishment of the Alumni Around the World year was the celebration of the 25th the $50,000+ check to AUA is planned Ghazaryan, who updated the alumni Scholarship Endowment Fund to anniversary of the graduation of for October 19, 2018 when AUA hosts on recent developments of AUA support enrolled students with the pioneering Class of ’93, July the traditional alumni reunion of the academic programs and facilities, outstanding performance. The 5-9, 2018. The unparalleled giving classes celebrating their 5th, 10th, placing special emphasis on the evening was filled with expressions he year marked an Armenia (please read the dedicated record of this group of steadfast 15th, 20th and 25th anniversaries. launch of the Entrepreneurship and of appreciation and a strong sense unprecedented outreach section on this topic). alumni was topped by its gift to the Product Innovation Center and its of belonging, culminating in a T to and engagement of A month later, AUA alumni gathered AUA 100 Pillars Campaign. Though Last in the series of alumni events start-up activities. His presentation compelling commitment by the AUA alumni in a series of events in Los Angeles on October 28 and in the $50,000 contribution is usually was the Moscow reunion held at was followed by an informative Moscow-based alumni to grow their organized by the Alumni and Career Washington, DC on October 30 to made over the course of five years, the Embassy of the Republic of update on ACDO activities by participation in the advancement of Development Office. First in the meet, to network and to reminisce the Class of ’93 has successfully Armenia on September 15, 2018. Narine Petrosyan (MPSIA ’03) and a their alma mater. series was the traditional alumni the years spent at their alma mater. raised the full amount in three years, reunion of September 20, 2017, held Hosted by AUA President Emeritus just prior to this historic reunion on the eve of the 26th anniversary of Dr. Haroutune Armenian and his in Armenia. This same group had the founding of the University. The wife Sona, the LA reunion set a previously donated air-conditioners classes of 1997, 2002, 2007 and 2012 new precedent for alumni living to the AUA AGBU Papazian library, gathered to celebrate their personal and working abroad. “With the contributed to the construction of achievements and to accolade the technological advancements, the the Paramaz Avedisian Building, and advances of their alma mater. world has now become smaller, established the Alumni Scholarship and distance is just relative. Endowment Fund. In his welcoming remarks, AUA With your concerted efforts, you - 2018 - - 2018 President Der Kiureghian applauded can effectively contribute to the The five-day program was filled - - 2018 AUA Alumni Reunion in Barcelona, February 22, 2018 the sense of belonging that the development of Armenia and to your with fun and celebration. In his Traditional AUA Alumni Reunion, September 20, 2017 alumni have demonstrated and local communities,” observed Dr. welcoming remarks, President the significance of giving to the Armenian. Der Kiureghian hailed the 25th - - 2017 Alumni Scholarship Endowment anniversary of the first graduating Fund. In his words, “you are the The alumni reunion in Washington, class and praised its magnanimous most important outcome that the DC was hosted by HE Ambassador initiative of becoming one of the AUA University produces. Your success is Grigor Hovhannissian and his wife 100 pillars. “Though every Pillar’s our success. We want to see more of Victoria at the Embassy of Republic support of AUA is highly appreciated, you come home, interact with one of Armenia. The ambassador adding a class as Pillar is the most another and make new connections praised AUA as a flagship institution momentous for the University. that endure and forge new paths.” and hailed the role it can play in Giving to your alma mater is a true He then apprised the alumni of the Armenia-US relations. Several act of allegiance and gratitude.” recent advances of the year — the alumni in attendance spoke of their launch of two new undergraduate memorable experiences at AUA. Words of appreciation and Class of ’93 Reunion at AUA, July 5-9, 2018 and graduate programs in the reminiscence of the challenging Fall of 2017; the opening of the Subsequently, alumni gatherings yet aspiring years of the early 1990s Entrepreneurship and Product were organized in Barcelona, Spain, filled the five-day weekend. The Innovation Center (EPIC) and of the on February 22 and in London, AUA Pillar Class reflected on the old Collaborative Study Space; as well UK, on March 7, 2018. Both events days, watched videos of those times as other improvements to campus celebrated the spirit of staying at AUA, danced and rejoiced, visited facilities. connected with one another and historic Goshavank and Haghartsin, with their alma mater, regardless dined at lake Sevan and joined in Among other highlights of the 2017 of where one may live and work. with locals celebrating ‘Vardavar’ alumni reunion was the presentation At the helm in Barcelona, AUA (a festival in Armenia where people by the alumni of a check for $14,000 Assistant Vice President Anahit drench one another with water). to the Alumni Endowment Fund Ordyan (MBA ’93) presented to those and the second-year bestowment of gathered notable updates on the AUA The five-day activities concluded the Distinguished Alumni Award accomplishments and encouraged with a lecture by Vahan Janjigian, to Gagik Gyulbudaghyan, IESM ’94, the graduates to stay engaged with the first finance professor at AUA Managing Partner of Grant Thornton the University in various ways. who spoke before an audience of AUA Alumni Reunion in Los Angeles, October 28, 2017 AUA Alumni Reunion in Moscow, September 15, 2018 10 11 Harutyunyan, attest to ASHA’s New Campus sustained support of AUA and the important investments it has made in the development of higher education in Armenia. Additions Funded Also applauding the significance of this partnered capital project at the ribbon-cutting ceremony by USAID/ASHA were USAID/ASHA Director and Agreement Officer Anne Dix and USAID Armenia Mission Director Deborah Grieser. Anne n September 25, 2018, interaction, collaboration, Dix stated “We highly value the the American University discussion and reflection related partnership we have with AUA Oof Armenia (AUA) to their professional development and also the Armenian American inaugurated 400 square meters as teachers, scholars and Wellness Center, which highlight of new space to serve as the researchers. This will stimulate what private citizens committed Student Union, Faculty Center, academic discourse and further to a cause can do to make a and Amphitheater. These capital cultivate a community of scholars difference in their community.” additions were made possible by at AUA. With a 60-seat capacity, “We are proud to have created a $650,000 grant awarded by the the Faculty Center is planned to this space and the Student Union. AUA President Dr. Armen Der Kiureghian and USAID/ASHA Director and Agreement Officer Anne Dix at the American Schools and Hospitals accommodate small-group work, Even though I know that a good ribbon-cutting ceremony, September, 2018 Abroad Program (ASHA) of the academic and social interactions, deal of learning happens in the US Agency for International and beyond. The Center also is classroom, I think some very Development (USAID). As meant for hosting visiting faculty important thinking happens remarked by AUA President Dr. from other institutions, special outside of the classroom,” Armen Der Kiureghian, “AUA guest lecturers, curricular or summed-up Grieser. is grateful to ASHA and the collegial purposes. - 2018 - - 2018 American people for helping - - 2018 us make these unique and The 150-seat Amphitheater purposeful facilities available to provides a forum for debates, our faculty, staff, students and the discussions, as well as musical - - 2017 community at large. All three of and theatrical performances, these new additions are essential thereby augmenting AUA’s for having greater impact on capacity to further American campus life, for promoting the values through outdoor, highly ideals of independence and for visible public events. The open enhancing student and faculty concept of the Amphitheater is Amphitheater Faculty Center engagement." an expression of the University’s commitment to transparency, Congruent with American openness, and academic freedom. democratic principles and values, the Student Union provides students with essential space AUA IS GRATEFUL TO ASHA AND THE AMERICAN PEOPLE where they can collaborate on FOR HELPING US MAKE THESE UNIQUE AND PURPOSEFUL projects, organize events, network FACILITIES AVAILABLE TO OUR FACULTY, STUDENTS AND THE and socialize, enriching their COMMUNITY AT LARGE. ALL THREE OF THESE NEW ADDITIONS overall educational experience ARE ESSENTIAL FOR HAVING GREATER IMPACT ON STUDENTS, FACULTY, AND THE COMMUNITY AT LARGE, FOR PROMOTING at AUA. This is bound to enhance THE IDEALS OF INDEPENDENCE AND FOR ENHANCING the social, recreational, and STUDENT AND FACULTY ENGAGEMENTS. intellectual development of students. The Student Union also Dr. Armen Der Kiureghian will serve as a venue for students President of AUA from other universities to get acquainted with AUA. The expressions of gratitude pronounced at the ribbon-cutting Similarly, the Faculty Center ceremony by the Minister of creates a dedicated space for Science and Education of the AUA faculty to engage in active Republic of Armenia, Dr. Arayik Student Union 12 13 Completed New BS Programs in the Zaven & Sonia Akian College of Science & Engineering (CSE)

rue to the Armenian tradition and the founding principles of the University, knowledge, creativity, and innovation again served as catalysts for launching two new bachelor of science programs at AUA: the BS in T Engineering Sciences and the BS in Data Science. Moreover, both of these new programs aim to address the changing labor market demand in Armenia.

BS in Engineering Sciences In fall 2017, CSE welcomed its science, technology, engineering synergies with the AUA first cohort into the four-year and mathematics (STEM) and Entrepreneurship and Product undergraduate degree program acquire knowledge in a multitude Innovation Center (EPIC). Highlights of New in Engineering Sciences. The of complex systems. While the coursework fosters program is designed for students an entrepreneurial disposition, interested in a broad-based The program contains substantial the program also underscores general engineering degree. applied learning whereby hands- communication skills that will

Degree Programs - - 2018 It incorporates coursework on, practical, market-oriented help graduates pitch their ideas in mechanical and electrical courses groom students to work and move on from concept to engineering, computer science on systems ranging from robotics actual product development and

at AUA - - 2017 and engineering design, while to drones, from mechatronics business startup. Targeted career being strongly rooted in the to embedded system, and from options include mechanical, natural and physical sciences and control theory to mechanical electrical, and systems mathematics. In this program, design. This learning approach engineering, as well as computer students explore synergies among is geared toward maximizing science and robotics.

BS in Data Science The BS in Data Science also is and hands-on practical include data mining, telecom and an interdisciplinary degree that applications, including data retail. integrates the fundamentals of visualization, machine learning statistical modeling, machine and artificial intelligence. Students Both programs are offered as part of learning, and computational have the opportunity to choose AUA’s liberal arts education. The sciences. Here, enrolled students a set of courses concentrating in learning goals are designed to acquire the knowledge and tools one of two domains of specialized ensure that AUA graduates become to manage massive amounts of study: Business Analytics and not only specialists in their fields, data emerging from new realms Bioinformatics. Responding to but also well-rounded individuals, in business, engineering and the growing trend of startups in able to think critically and biotechnology. Artificial Intelligence, the program creatively, learn independently, aims at preparing specialists in AI work collaboratively, interact with Required core courses range from and machine-learning to enhance people from different cultures and theoretical math and statistical Armenia’s startup ecosystem. Other disciplines, and adapt to the methods, to computer programming areas of professional application constantly evolving marketplace.

14 15 ZAVEN & SONIA students were engaged in projects Introducing New AKIAN COLLEGE of A New Master of at the Central Bank of Armenia, SCIENCE & Timeless LLC, RosGosStrakh Armenia, as well as in a few Faculty Appointments ENGINEERING Science Program in the start-up projects. Students who had opted to write a thesis are now enrolled in graduate studies Manoogian Simone in France, Hungary and Italy. Other graduates have entered the job market in a wide variety College of Business and of organizations spanning IT businesses, public sector Economics organizations and NGOs.

he Manoogian Simone decisions and using creative College of Business and approaches to problem solving. In this T Economics launched the new Master of Science in Strategic In the fall semester, students Management (MSSM) program take a required course in Program, in 2017. This 15-month program Business Analytics with Python, addresses the College’s strategy where they master machine Arthur Habet Amalya Varduhi for meeting the educational learning models. Other courses students not needs of working professionals in the same semester include Khalatyan Madoyan Kostanyan Yeghiazaryan in the field. The curriculum Accounting for Decision Making, only learn core and content of courses are Managerial Finance, Marketing, Arthur Khalatyan is Habet Madoyan, adjunct Amalya Kostanyan joined Varduhi Yeghiazaryan designed accordingly and differ Management and Business an expert in digital instructor at AUA since AUA in 2018. Her research is new to the University. - - 2018 from the Master of Business Strategy. In the following spring management innovation and in 2013, was appointed as interests are in materials She holds a B.Sc. in Administration (MBA) program, semester, students may choose curriculum design, the inaugural Chair of science and nano- Applied Mathematics more suitable for students Advanced Topics in Data Analysis

- 2017 - - - 2017 theories and teaching, and best the BS in Data Science engineering, specifically and Informatics from without extensive professional covering time series forecasting, practices in learning (K-12 Program. The areas of in topics related to the the Russian-Armenian experience. The start of the logistic regressions and and higher education). As his scientific expertise development of flexible (Slavonic) University Program kicked off in June 2017 introduction to neural networks. concepts but adjunct lecturer at AUA include conjoint analysis, and transparent wearable (2012), an M.Sc. in with a cohort of 40 students, for the past few years, machine learning, devices using artificially Computer Science from of which fifty percent are AUA The program concludes with he has taught courses in predictive modeling, data grown nanomaterials. the University of Oxford graduates. the final summer semester also acquire design and innovation of visualization, optimization She is co-holder of a (2013) and a Ph.D. in when students work on their information systems. In and forecasting. He patent on the hybrid Computer Science MSSM is an intensive program capstones, which provides them the skills and addition to his teaching teaches courses in Applied graphene-ITO light from the University of packed into two summers in with the opportunity to integrate undergraduate and Statistics, Data Mining, scattering device with Oxford in 3D medical addition to fall and spring the knowledge and experience graduate courses, he was Design and Analysis of possible applications image segmentation semesters. The program kicks off gained in the Program. In this competences recently appointed to Experiments, and Sports in smart windows, (2018). Her research in the summer with immersion phase, students may opt for a leadership role as the Analytics. Dr. Madoyan shutters and organic interests include classes in math, statistics and developing an idea into a startup for applying College’s first Industry is the founder of a data- displays. She teaches medical imaging, IT (MS Excel, Python). Then, venture by taking advantage Liaison. This fall, he is science consulting courses in Electricity 3D image analysis students take a full-time course of the AUA Entrepreneurship spearheading a market company and is active and Magnetism, and and general-purpose load in each of the subsequent and Product Innovation Center those concepts analysis of the intersection in the data sciences Nanotechnology and computing on graphics fall and spring semesters thereby (EPIC); conducting business of higher education community, start-ups, Circuits. Kostanyan is processing units. She deepening their knowledge in consultancy for real clients; or and the technology and the Yerevan R Users’ completing her Ph.D. in teaches courses in key functional areas of business engaging in original research for in real-world ecosystem of Armenia. Group Meetup. He holds a Electrical Engineering Artificial Intelligence, with a focus on applying data for a master’s thesis. Khalatyan holds an Ph.D. in Management from from the University of Data Structures and strategic decision-making. In situations. MS in Management of the National Academy of Cambridge, UK, expected Algorithms. this Program, students not only The MSSM is continuously Information Systems from Science of Armenia and an to be conferred in late learn core management theories expanding its network of private the London School of MBA from the University 2018. and concepts, but also acquire and public organizations to avail Economics. of Missouri, Columbia. the skills and competences students of the opportunity to for applying those concepts in engage in consultancy projects real-world situations, thinking and to get student teams to work critically, making evidence-based on startup ideas. In summer 2018, 16 17 mobility. At the institutional level, A June 2018 round table in the regions, including International Grants AUA has focused on and made organized by the AUA Project orphanages; instituting faculty, significant headway in advancing team brought together RA staff and student orientations international marketing efforts. government representatives and and trainings in inclusion experts to analyze and discuss practices; and providing assistive by the European The third project under the four aspects of the Inclusion technologies and equipment Erasmus+ Programme of the agenda: students with hearing, for use by students with special European Union is INCLUSION, visual and mobility impairment, educational needs. Commission a cross-regional peer learning as well as students with project aimed at augmenting psychological, developmental Disability Support Services (DSS) the capacity of higher education and mental health disabilities; are positioned to serve students institutions for the development capacity building of school with special educational needs hrough the support of the student-centered education. and implementation of social- administrators, teachers to ensure their educational European Commission’s Additionally, the Project advanced dimension (SD) strategies. The and interdisciplinary teams; experience is as inclusive as for T Tempus and Erasmus+ the development of the University overarching objective is to and community and family others. DSS provides students Projects, AUA has supported policy on credit transfer to advance the national agenda education. The round table and their parents with the capacity building and quality facilitate student educational of inclusive education for K-16 culminated in a draft action plan necessary information about assurance in various higher mobility. students with special needs. recommended for adoption in the accommodations and alternative education institutions in the national strategic plan. support and services available Republic of Armenia and availed The BOOST project (Boosting Within the framework of this at AUA. The faculty also is students of the opportunity Strategies and Marketing for Project, AUA is supporting the The recommended action committed to accommodating to study abroad in different Internationalization of Higher continuing efforts by the RA priorities include surveying students with special needs to Ministry of Education and Science current K-16 facilities to assess ensure their academic success. (MoES) to meet the planned compliance with legislative goal of achieving inclusive mandates, particularly Just as important in the education for all children with accessibility for the physically Erasmus+ programs is the special needs throughout K-12 impaired; identifying best participation of AUA faculty, staff by 2025. The AUA Inclusion team practices in the use of assistive and students in international is filling the implementation - - 2018 technologies for children with mobility programs. Since gaps by conducting a thorough hearing and visual disabilities; 2017, many AUA students have needs assessment of the target broadening discussions benefited from the opportunity group through interviews with - - 2017 of ‘disability’ to include to spend a semester studying in representatives of governmental developmental, psychological European universities (depicted and non-governmental parties and mental health issues; in the accompanying graph). involved in the implementation ensuring that trainings and Similarly, AUA faculty and of inclusive education in educational degree programs non-teaching staff also have International conference of Erasmus+ BOOST project at AUA, November, 2017 Armenia, and with K-12 school for teachers and specialists visited universities in Europe administrators and teachers. sufficiently address the to share different teaching and universities across Europe. Education in Armenia), addresses In addition to identifying the broader scope of ‘disability’ governance approaches and The first Project through Tempus, the existing gaps within the educational and social needs of and incorporating traineeship observe best practices relevant to titled GOVERN, aims at boosting national and institutional policies, the target population, the AUA opportunities; researching and their respective positions at AUA. governance and administration particularly for facilitating the team also is studying the supply implementing best practices within the realm of higher internationalization processes side for successfully transitioning in alternative modalities of The chart on the right portrays education in the Republic of and practices to better promote children with special needs from instruction to engage children the growing trend of AUA Armenia (RA). Activities under Armenian universities in the high school to higher education. with autism and ADHD; and students, faculty and staff this initiative helped adopt global educational market. As devising tactics for increasing who have attended European mechanisms that foster the an integral part of the Project, Implementing partners and public awareness of the benefits universities , as well as those autonomy and accountability AUA supports the RA government interviewees have included of Inclusion. from Europe who have come of higher education institutions in the process of developing a MoES, the Institute of National to AUA through the Erasmus+ as established in the national National Internationalization Education, the UN Children's In fall 2018, the AUA Inclusion mobility program. regulatory provisions. AUA’s Strategy through a review of Fund, Bridge of Hope NGO, the team will develop teaching involvement in the Project served existing policies and legislation International Child Development resources and training as catalyst and support for the and accordingly, propose Center, and the Medical- materials for school teachers To this date, the economic value of the Erasmus+ international establishment of a state-of-the- reforms. The overarching goals Psychological-Pedagogical and conduct pilot training of art university management in the Strategy are to publicize Assessment Center. Several 50 high school teachers. On the mobility projects for participating AUA students, faculty system for strategic, financial and the research work realized K-12 schools from Yerevan and broader institutional level, AUA and staff has been 245,000 EUR. In addition, the economic human resource administration, by Armenian universities, to the regions have been engaged is committed to establishing as well as for the installation of internationalize their curricula, as models of best practice in channels of communication with contribution to AUA of the Tempus and Erasmus+ capacity operational tools that reinforce and to promote student and staff inclusive education. underrepresented communities building projects is estimated at 239,521 EUR. 18 19 organizational support of AUA Center for Research Extension, EEC in Vanadzor has doubled its enrollment within one year. in Applied CRAL and MA TEFL are now hiring and preparing new teachers in the regions of Linguistics (CRAL): Armenia and in Artsakh, who will initiate new programs and sustain existing EEC and Extension locations. Providing Building English affordable and high quality English-language learning opportunities to children from Language Skills the regions not only addresses some of the key challenges in accessing high quality education, but also ensures that from an Early Age more students can aspire to EEC, the AUA After-school English Program studying at AUA in the future.

ne of the AUA’s educational careers, as well as community outreach entry to responsible citizenship O units is the Center for and a successful career. At Research in Applied Linguistics. Sprout, as they engage in These programs Besides attracting grants for play- and story-time with their research, CRAL houses two English-speaking teachers, they - 2018 - - 2018 model a lifelong - - 2018 programs for children: EEC, an build their physical, intellectual, afterschool English-language and social capacities. At EEC, program (for ages 6-16) and they strengthen their English, learning path Sprout, a preschool English develop collaborative skills - - 2017 program (for ages 3-5). The total and social awareness and by preparing enrollment in these programs responsibility. Learning is is 800-900, in Yerevan and the complemented by English- children for regions. Originally, EEC started speaking clubs, such as English as a teacher training students around the Kitchen and the their primary, in the Teaching English a a STEM (Science, Technology, Foreign Language (MA TEFL) Engineering, and Math) and secondary and graduate program. EEC learners Drama Clubs. On average, 5-11% were limited to the children of of incoming undergraduate AUA AUA faculty, staff and students. students have taken courses at EEC. higher However in response to increasing demand, EEC opened CRAL has been growing its educational its doors to the public with an EEC program in the regions MA TEFL graduate Tatevik Zargaryan teaching at EEC, the AUA After-school English Program affordable tuition fee in 2009. of Armenia to provide greater careers, as well In 2013, Sprout was established learning opportunities to as a model English-language children outside of Yerevan. EEC as entry to preschool. MA TEFL student runs branches in Echmiadzin teachers rely on opportunities and Vanadzor with the help of responsible within EEC and Sprout to TEFL graduates and current observe classes, complete their students from those towns, who practical coursework, and are keen on contributing to the citizenship and conduct research. sustainable growth of their local communities. With the financial a successful These programs model a support of the Turpanjian lifelong learning path by Family Foundation that career. preparing children for their subsidizes 50% of the tuition for primary, secondary and higher children in the regions, and the

20 MA TEFL graduate Meri Nasilyan engaging children in a story-telling activity at Sprout, the AUA Preschool English Program 21 he American University Contributions to the of Armenia Corporation T(AUAC) is a California 501(c)(3) not-for-profit American University corporation. In conjunction with the American University of Armenia Fund (AUAF), a of Armenia Corporation* non-profit entity organized under the laws of the Republic of Armenia, the AUAC jointly operates the American University of Armenia (AUA).

The AUAC receives revenues from individual donors, private foundations, related parties and governmental agencies (see chart). The AUAC is affiliated with the University of California (UC), the California state-sponsored university system that is $21.5m one of the premier higher education institutions in the Financial Highlights world. The UC, represented on the Board of Trustees of An investment in knowledge AUAC by several current and pays the best interest. Benjamin Franklin former high-ranking academic - 2018 - - 2018 officers, provides academic and administrative guidance to AUA and in-kind support - 2017 - - - 2017 in the form of legal and other services. The AUAC offices are located in Glendale, California $12.2m and in Oakland, California, in close proximity of the offices

$10.2m of the UC President.

The AUAC functions as the

$7.8m fundraising arm of AUA in the United States, where most of

$6.3m the donor base is located, and provides vital academic and technical support in making American-style education FYE available in Armenia. In 6/2014 doing so, the AUAC relies - 6/2018 heavily on its affiliation with the UC and by filling some of the leadership and faculty positions with hires made *Accrual basis; includes in-kind gifts; contributions for the year ending June 30, 2018 are unaudited through the AUAC.

22 23 Additional endowments for AUA are held by the Armenian General Benevolent Union (AGBU), see pages udited financial statements K. George and Carolann S. Najarian. 29-37. The combined UC-held and AGBU-held endowments for fiscal years 2015, 2016, 2017 and 2018 are of the AUAC, including One of these buildings is currently shown in the chart below. Athe audit opinion of Grant under construction as a residence Thornton US, may be obtained hall, while the other is planned to by requesting at http://aua.am/ serve for academic programs. financial-statements/. A substantial portion of the The AUA is located in Yerevan, AUAC investments are managed Armenia, where the instructional through the UC Treasurer’s activity at the core of the University American University of Office. Being part of the UC operations takes place. Therefore, multi-billion dollar portfolio, significant University-related AUAC’s investments benefit from functions, operating revenues and Armenia Designated high-level investment expertise, costs are captured in the AUAF portfolio diversification and financial records. The annual economies of scale. audited financial statements of the Endowments AUAF are prepared in compliance The market value of the total with Armenian laws, in Armenian investments managed by the UC Drams. Audited financial investment group amounted to statements of the AUAF, including $118.7 billion as of June 30, 2018, FYE the audit opinion of Grant Thornton of which $12.3 billion was in 6/2015 Armenia, may be obtained on - endowment assets. The annual 6/2018 request at http://aua.am/financial- return on the endowment assets statement s/. for the fiscal year ending June $58,3m 30, 2018 was 8.9% (14.8% in year The University runs its activities in ending June 30, 2017) and the ten five buildings. The Main Building $19.5m year annualized return was 6.4%. is owned by the Government of Armenia – AUAF is permitted to use - - 2018 the building for University needs and to maintain and upkeep the $48,7m American University of - - 2017 premises. The AUA Business Center is owned by the Armenian General $18.3m Benevolent Union (AGBU) – AUAF Armenia Corporation is permitted to use the building to generate revenues in support of the educational programs of the Endowments* $34,1m University. The Barsam Suites hotel is owned by HyBusiness $17.8m Inc., a wholly-owned subsidiary of AUAC – AUAF is permitted to use the facility to house its visiting faculty and international students, $27,6m as well as to generate revenues $58.3m in support of its educational $17.7m programs. The Paramaz Avedisian building is owned by AUAC – AUAF $48.7m is permitted to use the building to house and operate academic programs of the University. AUAC $34.1m also owns a property located at 36 $27.6m Sose Street near the campus, which UC-held Endowments

currently operates as a student $20.7m dormitory but is planned for future AGBU-held development of the campus. FYE Endowments Furthermore, in March 2016, AUAC 6/2014 received two unfinished buildings - located in Kentron Dzoragyugh 6/2018 ethnographic district as gifts from * Based on market value on June 30. Market value for the year ending June 30, 2018 is unaudited 24 25 Endowments Held by the UC

As of June 30, 2018

Fund Name Historical Cost Market Value Louise Manoogian Simone Endowment $15,000,000 $17,299,844 USAID Endowment 9,580,000 12,835,198 Zaven P. and Sonia Akian CSE Endowment 01, 02 6,365,000 6,832,898 MSE Endowment 5,193,190 6,257,845 Gerald H. and Patricia Turpanjian School of Public Health Endowment 01, 03 2,850,000 905,697 EPIC Hampartzoun Mardiros & Ovsanna Piloyan Chitjian Endowment 01 2,266,223 2,562,270 Manoogian Simone Unrestricted FFE 2,000,000 2,008,265 Mario Mazzola & Luciana Cavallet Scholarship Endowment 01 960,840 1,114,745 Berj & Sonia Kalaidjian Scholarship Endowment 01 950,000 1,157,709 CHSR Zvart Onanian Avedisian Endowment 753,146 855,871 CBRD Paul Avedisian Endowment 749,476 855,838 Temporary Restricted Fund 713,334 713,334 ACE Sarkis Acopian Endowment 615,000 862,312 CHSR Garo Meghrigian Endowment 290,244 661,713 We want the students that Zareh & Lusik Misserlian Scholarship Endowment 250,000 290,928 Alex and Marie Manoogian Endowment 01, 04 237,500 50,234 we support to remember Siroun Gureghian Scholarship Endowment 01 230,816 259,567 - - 2018 Arsenian, Seth & Arsine Scholarship Endowment 209,649 339,206 College of Science & Engineering FFE 205,000 235,480 that the basis for success is Harmon William Hubbard Scholarship Endowment 195,000 222,832 - - 2017 Aram and Florence Karagozian Janjigian Scholarship Endowment 01 190,000 190,483 Various Endowments 05 178,368 251,816 education and hard work. Albert and Terry Bezjian Scholarship Endowment 01 142,500 156,019 Unrestricted Endowment 125,000 143,369 Alumni Scholarship Endowment 122,113 143,444 -Albert & Terry Bezjian CIS Vartkes Barsam Endowment 99,726 192,209 Bay Area Friends of Armenia (BAFA) Scholarship Endowment 83,186 95,433 Krikor & Caline Soghikian Scholarship Endowment 01 63,356 70,139 Armenian Professional Society SF Bay Area Scholarship Endowment 01 57,000 63,692 Michael Agbabian Seed Fund Endowment 01 57,000 56,565 Unrestricted FFE 53,147 61,050 Stephen & Bergouhi Dokouzian Scholarship Endowment 01 51,125 59,825 Michael Agbabian Scholarship Endowment 50,000 61,769 01. Historical Cost is net of 5% administrative fee 04. Pledge receivable included in the historical cost 06. Pledge receivable included in the historical cost Varoujan Chalian Scholarship Endowment 50,000 57,617 assessed for infrastructure associated with the use amounts to $190,000. amounts to $20,000. of restricted endowments established after February Aurora Minasian Scholarship Endowment 50,000 57,671 2015. The fee was waived for October - December 2015 05. Effective February 2015, a named Endowment 07. Pledge receivable included in the historical cost Aram & Arousyag Jamgochian Scholarship Endowment 06 50,000 33,697 and reinstated in January 2016. Fund at AUA can be established by contributions of amounts to $19,000. $100,000 or more and a named Scholarship Fund can Hairapetian, Armond and Elena Scholarship Endowment 01 47,795 54,212 02. Pledge receivable included in the historical cost be established by contributions of $50,000 or more. 08. Pledge receivable included in the historical cost amounts to $190,000. AUA has established a Scholarship Endowment amounts to $28,500. Vagharshak and Shooshanig Shahinian Memorial Endowment Fund 01 47,500 54,519 Pool, which collects named scholarship endowment Hakop and Boulour Ghazarian Scholarship Endowment 01 47,500 54,388 03. Pledge receivable included in the historical cost donations of less than $50,000. Named endowments 09. Pledge receivable included in the historical cost amounts to $1,995,000. established prior to February 2015 with smaller amounts to $38,000. Noubar and Tracy Ouzounian Scholarship Endowment 01 47,500 51,882 historical costs continue to be maintained separately. SJS Trust for Women in Science and Engineering Endowment 01 47,500 48,526 Edward and Eleonore Aslanian Scholarship Endowment 01, 07 47,500 30,904 List of Acronyms CBE CHSR CSE FFE PAB Used: College of Business and Center for Health Sciences College of Science and Fund Functioning as Paramaz Avedisian Stepan Karamardian Scholarship Endowment 01, 08 47,500 20,245 Economics and Research Engineering Endowment Building

Sarkis Cabayan Prapione Dumanian Scholarship Endowment 01, 09 47,500 9,705 ACE CBRD CIS EPIC MSE USAID Total UC Held AUAC Endowments $51,417,235 $58,340,963 Acopian Center for Center for Business Computer Information Entrepreneurship and Master of Science in United States Agency for Environment Research and Development Systems Product Innovation Center Economics International Development 26 27 Endowments Held by the AGBU for the AUAC

As of June 30, 2018

Donor Designated Endowments Principal Reserve

Arsen & Varteni Diran Family Memorial $2,832,588 $104,423 Mr. & Mrs. Sarkis Acopian 1,500,000 158,211 Anthony Kushigian Memorial 1,255,076 106,596 Karakashian Family 892,447 121,588 Manoogian Simone Foundation 850,000 53,719 Leon & Victoria Shaldjian Foundation 804,340 9,257 Varsenig Z. Pasternak Memorial 523,537 22,717 Arabkir Union Inc. 487,314 24,353 AGBU Friends of AUA 471,400 34,644 We encourage everyone to Khachadourian Brothers Memorial 340,750 21,762 Cafesjian Family Foundation 335,000 27,045 AUA Dr. Mihran Agbabian 311,400 29,302 visit AUA and experience - - 2018 Peter B. Gabrielian Memorial 250,000 10,173 Giragos Vapurciyan Memorial 189,110 5,359 Richard K. & Alice Karakashian Gregory Memorial 132,069 29,396 - 2017 - - - 2017 the excitement of young Noubar & Anna Ashjian Memorial 130,068 9,160 Haton & Hachadoor Erganian Family 123,033 4,705 people opening new vistas Antranig Berberian 112,500 9,222 Sam & Sylva Simonian 112,000 10,005 Noubar & Anita Jessourian Memorial 111,000 3,556 – not only in their personal Hemayak Setrakian Memorial 107,533 2,396 Dr. Moses & Mrs. Makrouhie Housepian Memorial 101,594 4,517 Esteban & Sada Zarikian 100,500 7,064 lives, but in their nation Vartkess & Rita Balian 100,000 13,167 Richard & Beatrice Hagopian Memorial 100,000 4,216 Meghrigian Family Scholarship 100,000 9,730 and ultimately upon the Victor Menayan 100,000 8,681 Rev. Fr. Carnig A. Hallajian 76,990 3,575 world stage! Aram & Sarkis Chapian Memorial 57,900 2,845 Mihran & Elizabeth Agbabian 55,000 6,973 Nubar Sayarman Memorial 53,610 4,014 Flora & Valarshak Mackertich Galoostian Memorial 50,000 3,474 -Sarkis & Ruth Bedevian Shahan Karakash Memorial 50,000 4,317 Nazar & Artemis Nazarian 50,000 11,342 Armenouhi Bagdasarian Memorial 39,200 1,975 Girar K. & Hasmik Kaprelian 39,151 2,467 Rouben & Achkhen Iguidbashian Memorial 35,090 4,941 Michael & Katherine Halebian 35,000 1,841 Barry & Margaret A. Zorthian Memorial 34,754 2,739 Kurdian-Manoukian 33,640 2,658 Panos & Katherine Killabian Memorial 31,318 2,784 29 Donor Designated Endowments Principal Reserve AGBU-Board Designated Endowments Principal Reserve

Michael Nazarian Memorial 30,300 3,997 Sarkis & Ruth Bedevian $1,000,000 $6,276 Dr. Levon Kurkjian Memorial 30,075 1,612 Simon Arman & Pinna Papazian Memorial 1,000,000 149,547 Berdj & Margaret Kiladjian 30,000 635 Gerald A. Kearns 449,677 49,127 Richard Nalbandian Memorial 29,535 2,539 Aram & Arpina Aznavorian Memorial 335,777 25,902 Antranik & Sheny Bobelian 28,975 1,574 George K. & Lucy L. Eguinlian Memorial 308,697 32,478 James B. & Mary Sinclair 26,400 2,085 Yertvart Arzumanyan Memorial 242,390 15,123 Gregory Mark Gargarian, Ph.D. Memorial 25,500 2,713 Leon S. Peters Foundation 153,000 12,736 Dickran Bozajian Memorial 25,000 1,815 Wayne B. Lyon 150,000 18,054 Gosdan Bozajian 25,000 1,815 Samuel Valenti III 150,000 18,058 Mr. & Mrs. Shavarsh Demirdjian 25,000 2,656 Sarkis & Nora Dadourian Memorial 85,125 9,701 Dr. & Mrs. Heratch Doumanian 25,000 1,156 Eugene A. Gargaro, Jr. 85,000 9,559 Khosrof & Varsene Mansourian Memorial 25,000 2,792 David & Louise Simone 72,500 4,904 Serop & Vartoohie Mashikian Memorial 25,000 1,422 Anonymous "BP" 55,000 6,915 Dr. Krikor Soghikian 25,000 1,663 Mr. & Mrs. John C. Nicholls, Jr. 50,949 6,133 Rouben & Nina Terzian 25,000.00 3,214 Henry P. & Nancy Manoogian Sanoian 25,000 2,619 Budakian Family 20,919 920 Hagop J. Nazerian Memorial 21,715 1,132 Mable V. Altoonjian Memorial 20,000 1,629 Charles H. Kouzoujian 20,000 2,987 Jeffery & Mary Parsigian 20,000 875 Masco Corporation 20,000 2,111 Francois S. & Suzy Antounian 17,040 1,721 Merrill Lynch & Co. Foundation, Inc. 20,000 2,537 Leon Chahinian 15,000 1,101 Choulian/Zovickian Memorial 10,000 892 Grace & Charles Pinajian 15,000 882 Boghos & Arusiag Sanoian Memorial 10,000 1,101 Jamil M. & Marie J. Arslanian Memorial 14,950 198 Leon & Shake Tokatlian 10,000 1,028 Narthooe Nahigian Poloshian Memorial 14,500 813 Peter & Clare G. Kalustian Memorial 8,850 356 Nishan Tamezian 13,500 1,009 Ruben & Marion Barsamian 6,100 744 Arshag & Isgouhi Barsamian Topalian Memorial 13,500 1,094 Garo N. Dorian 5,390 449 - 2018 - - 2018 Fred R. & Hazel W. Carstensen Memorial 13,000 954 Total AGBU Board-Designated Endowments $4,295,169 $ 380,469 Dr. & Mrs. Sarkis M. Shaghalian 12,500 1,238

Harry, Lucy & Alice Mooradian Memorial 12,100 571 - - 2017 Armen & Nelly Der Kiureghian 12,000 1,283 Grand Total AGBU-Held Endowments $18,179,476.31 $ 1,339540.83 Kirkor Imirzian Memorial 11,595 417 Hagopos & Imasd Kurkjian Memorial 10,822 790 Novart & Arsen Markarian Memorial 10,267 680 Leo & Elaine Bakalian Memorial 10,115 824 Yervant & Marie Akian 10,000 879 Kerop & Amalia Der Avedisian 10,000 879 Mardo & Seta Kaprealian 10,000 630 Armand O. & Marylin Norehad 10,000 1,377 Soukias & Koogas Ovagimian, Khachadour N. Magarian Memorial 10,000 948 John S. & Mariam Rahanian Memorial 10,000 948 Zartarian Foundation 9,500 881 Intelligence plus character - Mr. & Mrs. Antranig Sarkissian 9,000 679 Kevork & Pamela Toroyan 7,200 475 Dr. Robert M. Nalbandian Memorial 6,100 438 David M. Horne Memorial 5,000 325 that is the goal of true Sculptor Bruce Sanoian Kueffer Memorial 5,000 315 Madeline Manoogian Memorial 5,000 325 Linda Shahinian 5,000 379 education. Total AGBU Donor-Designated Endowments $13,884,307 $ 959,071 -Martin Luther King, Jr

30 Carol Bagdasarian Aslanian $1,000 to $4,999 John Missirian Artur Lalayan Phillip & Nora Balikian The Donors Eleonore Aslanian Aram Adourian & Anna Ohanyan Babken Mnatsakanyan Edward Manukian Samvel Bareyan Charles & Peggy Barsam AIWA, San Francisco Adom Moutafian Garegin Manukyan Michael & Any Barr Levon Der Bedrossian David Akopyan Karl Pister Edgar Margaryan Diane Barsam to AUAC Hriar Cabayan Rouben & Sofia Amirbekian Arutyun Pogosyan Levon Minnetyan Larry Barsamian Yervant Chekijian Armenia Fund USA Jeff Ritchey Ashot Mkrtchiyan & Zaruhi Minassian Herman & Sandra Basmaciyan The American University of Yervant Demirjian Armenian Educational Foundation Berge & Vart Roubinian Jeffrey Mogalian Tony & Araxy Bastian Armenia is forever grateful to its Armen & Nelly Der Kiureghian* Haroutune & Sona Armenian Daniel & Ludmila Sahakian Jack & Lori Muncherian Ernest & Carlotta Bedrosian donors for their generous gifts David Essayan & Susan Jerian Jack & Mary Aslanian Hrant Sahakyan Matthew P. & Lisa Natcharian Levon Bedrosian made to the AUAC during the fiscal Vigen & Houry Ghazarian Ara & Anna Baghdasarian Zareh & Hasmig Samurkashian Armand Norehad Viken Bedrossian year of 2017-2018. Harry & Katrina Glorikian David & Christine Balabanian Stephen Sarafian & Marisa Anahit Ordyan Zareh & Eugenie Berberian Edward Godoshian Bank of America Atamian- Sarafian George & Suzie Phillips Krikor & Marilyn Bezdikian $2,500,000+ Berj & Sonia Kalaidjian Kim Bardakian Vahan & Anne Sarkisian Jirayr & Melineh Roubinian Anush Bezhanyan Manoogian Simone Foundation Karekin & Zhanet Kaprelian Marianne Celce-Murcia Karine Sarkissian Victor & Bella Stepanian Jon & Sylvia Boyd Seta Karamardian Robert & Susan Erganian Chapman Khajag & Hildegard Sarkissian Gregory & Dawn Tarpinian Carnegie & Doris Calian $1,000,000 to $2,499,999 Garo & Anne Kiremidjian Ara & Valerie Cherchian Armen Sedrakian & Ruth Alahydoian Berge & Peter Tatian Zaven & Vivianne Chakmakjian Zaven & Sonia Akian* Hratch & Carolyn Kouyoumdjian Kenneth Clark & Hasmig Seropian Arpy Seferian Tom & Vicki Bernitt Harut Chantikian Zaruhy Sara Chitjian Leon & Viktoria Shaldjian Bill & Sara Cumbelich Armen & Anita Serebrakian Vahagn Vardanyan David McAvoy Chooljian Turpanjian Family Educational Foundation Nazareth & Ani Darakjian Arthur & Lily Seredian Alicia Vredjian Sol Chooljian & Laura McAvoy Foundation Vazrik & Alice Makarian Artin Der Minassians Suren Shahinyan Nairi Chopurian Matthew & Margarethe Mashikian Diocese of the Armenian Church Joseph Simonian $100 to $499 Arto Cinar $100,000 to $499,999 Edward & Vergine Misserlian (Western) Michael Simonian & Satenick Mark & Srboohie Abajian Commerce Auto Towing, Inc. Michael Agbabian Vivian Moutafian Ara & Laura Dirtadian Moradkhanian Jack & Joyce Abdulian Diana Danelian AGBU Rosemond & Art Muncheryan Isabelle Dokouzian Donald Simpson & Aimée Dorr Marine Adamyan Zaven & Heidi Darian Aram & Florence Janjigian Van & Lilyan Muran Edma Dumanian Oscar Tatosian Souren Adjoian Jean Jaques & Mary Alam De Kenneth & Cynthia Norian Joseph Falcone & Karri Kaiser Vatche Tazian Zaven & Armine Adrouny Shadarevian $50,000 to $99,999 Garnik & Hilda Ohanian Massis Galestan Vadim Ter-Israelyan Magda Aghababyan Kathleen Demerdjian Edward & Pamela Avedisian Joanne Peterson Garo & Sona Gumusyan Ralph & Savey Tufenkian Vasken & Anastasia Ajoian R. Demerjian Alex and Marie Manoogian Lawrence & Mary Pitts Ashot & Anahit Ghazaryan - - 2018 Armen Vahradyan Arthur Alexander Sarah Dergazarian Foundation Randall Rhodes Rafi & Edna Ghazaryan Thomas Varbedian Moorad Alexanian James & Yevgenya Derian Albert & Terry Bezjian Theodore Sarafian & Ann Karagozian Samuel V Goekjian Sebouh & Varti Vartanian Joyce Altoon Vahe Derian Jack Munushian Charitable Trust Greg Sarkissian Vartan & Clare Gregorian - - 2017 Armen Vartany Vahan Amirbekyan Hovsep Dermenjian Arthur Petrosian & Narine Hrag Sarkissian Shahen Hairapetian & Arax Allan & Sandra Weis Elaine Anderson George Dermksian Sarvazyan Vahe & Nora Sarkissian Mansourian Paul Lon Yeghiayan Serosh Andranian Detroit Armenian Women’s Club Sinan & Angele Sinanian Herb Schiff & Linda Shahinian Vazgen Hakobyan Harout & Ollia Yenikomshian Jenny Apekian Keith West & Marie Diener-West SJS Charitable Trust Scholae Mundi Charity Foundation Armen & Gayane Hovakimian Hrachia Yerknapetian & Gohar Caro & Rebecca Minas DIMANO, Inc. Ara Tekian Irene Gyulnazarian Education Movsesyan Ivan Ardhaldjian & Sharistan Diana A. Donikyan $25,000 to $49,999 The Calouste Gulbenkian Fund of Armenia (IGEFA) Maurice & Hilda Yotnegparian Melkonian Heratch & Sonya Doumanian Francois Antounian & Suzy Foundation Isabelle Aranosian Hodgson Armenian Evangelical Brethren Dick & Aline Eden Missirian Antounian Yervant & Rita Zorian Foundation of 2015 $500 to $999 Church, Glendale Seta Ekmekji Samuel Chekijian Hrayr & Zaroug Kabakian Daniel & Juliette Abdulian Armenian Relief Society of the Hovsep & Hilda Fidanian Edward M. & Jeanne C. Kashian $5,000 to $9,999 Adam & Rita Kablanian American Express Employee Western United States, Sevan Chapter Victor Gabrielian & Ani Nahapetian Foundation Paul & Kate Agbabian Ani Kagramanian Giving Program Armine Arustamyan Lilit Galustyan The Khatchaturian Foundation AIWA, Los Angeles Harry Kasparian Armen Aroyan Stephan & Ani Astourian Diane Doehring Garabedian Michael & Hasmik Ghevondyan Ronald & Alice Altoon Levon Kazarian & Maya Belubekian Aram Avagyan George & Mary Atashkarian Charles & Julia Ghailian Kouchakdjian Serj & Anahid Bulanikian Petros Keshishian & Marine Gouchian Hasmik Avetisyan Eddie & Laura Atoian Garik Gharibjanians Zareh & Lucik Misserlian Maral Dabaghian Anjargolian Margarit Khachatryan Michael & Florence Bahtiarian Roubik & Shakeh Avanessian Tigran Ghazarian Noubar & Tracy Ouzounian William & Jane Frazer Garo & Nancy Kholamian Ernest Barsamian Anush Avanesyan Ambassador Joseph Ghougassian Jirair & Serpoug Sarkissian Ara & Sonya Hacet Jud & Jeanne King Peter Bedevian Hovhannes Avoyan & Anahit Lucine Ghulyan Mikael Vardanyan John Mirak Foundation Rhonda Kodjayan John & Sophie Bilezikian Martirosyan Gayane Goltukhchyan Knights of Vartan Steven Maginnis Thomas & Paula Brownlee Vatche & Maria Ayvazian Nelli Grigoryan $10,000 to $24,999 Krikor Soghikian Memorial Fund Elizabeth Manoukian Nairy Colello Archie & Nelli Azizian Houri Gueyikian Mihran & Elizabeth Agbabian Karnig & Santoukht Mikaelian Hagop & Iroula Manuelian Anahit Ghazanchyan Naira Azizyan Hrair & Margo Gulesserian Adour & Arsho Aghjayan Kris & Pamela Ascher Mirzayan Tigran Marcarian Anna Grigoryan Alan Babakhani & Sevana Yadegarian Vahe & Armine Hacopian AIWA Boston Ellen Sarkisian-Chesnut Frederic Martin & Cynthia Cwik Tatul Hakobyan Astghik Babayan Hagop & Carole Hagopian ArmEconomBank Sam & Sylva Simonian Armen Martirossian & Susanna Marguerite Hougasian David Babayan Margarita Hakobjanyan Garo Armen Tavitian Foundation Sahakian Nerses Kazarian Haykaz Baghdasaryan Leo Hanoian Armenian Missionary Association Kristine Ter-Kazaryan Hayk Martirosyan & Sona Petrosyan Kenneth & Meredith Khachigian Lusine Baghdasaryan William & Joanne Haroutounian of America David & Margaret Mgrublian Robert Kurkjian Richard Balian Edgar Harutyunyan 32 33 Henry & Rita Hasserjian Shacke Manukyan Jack & Marie Saroyan Rozita Aghamalyan Anahit Gasparyan Karine Markosyan John & Leonora Hayrapetian Steve Maradian Gayane Selimyan Aghvan Aidinyan Margarita Gasparyan Charles Marootian Shavarsh Hazarabedian Aram Marashlian Harry & Alice Seoylemezian Elizabeth Akian Marie-Lise Gazarian Anna Martin Liana Hovakimyan Mark B. Constantian Revocable Trust Salvatore Sessa Aram Alaverdyan Bruce Georgian Khachatur Mesropyan Shahen & Mary Hovanessian Gloria Martin Armen Shahinian Myron & Ruth Allukian Laura Gevorgyan Anna Minasian Yervand Hovhannisyan Gor Matevosyan Toros Shamlian AmazonSmile Aida Giloyan Karine Mkhoyan Jenny Hovsepian Rosemary Matossian Abraham Sharaf & Aida Abousamra Kegham Anbarjian Kevin Giragosian Sonya Mkrtchyan Ara Hovsepyan Gregory Matsoyan & Elena Sagayan Edward Shooshanian Shabaz & Lilick Andranian Peter Goorjian Gevorg Nahapetian & Lilia Darbinian Sebouh & Vanilce Isagholian Matig Mavissakalian Alex Simonian Anonymous Aaron & Iva Greene Carl & Valerie Narsasian Hagop & Noyemi Isnar Dorothy McKinnon Maya Simonyan Armine Antonyan Anahit Grigoryan Carol Nemetz Arpiar & Hermine Janoyan Gary & Stephanie Mesdjian Artin Sirapyan Armenuhi Arakelyan Mary Hagopian Robert Nersasian Kerop Janoyan Ralph Meyer & Knarig Armen Stepanyan Anahit Armenakyan Nairee Hagopian Betty Odabashian Eleonora Jansen Khatchdurian Meyer Michael & Vana Surmanian Armenian International Foundation Artin Hamamciyan Carmen Osenbaugh Edvard & Lucia Jeamgocian Sona Minakian Alek Tamaryan Suran Asadoorian Denis Hamboyan Arsine Oshagan John Kaladjian Ruzanna Mkhitaryan Anahit Tarkhanyan Ara Asatrian & Gaiane Khachatrian Arthur Harutiunian Michael Owen Donna Kalajian Armen Mkhsian Gregory Tarpinian Rose M. Aslanian Garegin Harutyunyan Gohar Panajian James & Patricia Kalashian Anna Mkrtchyan Arshag & Takouhi Tarpinian Armine Asryan Arsen Hayrumyan Adroujan Papazian Jack & Diana Kalfayan Raffi & Gohar Momjian Shant Taslakian Anna Avagyan Hasmik Hovhanesian Arpiné Papyan Isgouhi Kaloshian Mike Mouradian Charles & Mary Tateosian Vitali Avagyan Lilit Hovhannisyan Sevan Petrosyan Raffi Karahisar Narine Movsisyan Leon Tateossian Garbis Aydjian Varduhi Hyusisyan Dorothea Piranian Vahe & Lisa Karamardian Grigor Muradyan Hrair Tejirian Artin Ayvazian Darwin Jamgochian Karine Pogosyan Vahe & Veronica Karapetian Vahe Muradyan The Ghazil 2008 Trust Oksen Babakhanian Sara Jamharian Alex Raizian Nerses Kazanjian Richard & Colette Murray The Minasian Family Revocable Trust Babken Babayan Ripa Jangiryan* Richard Sahagian Gregory Kechejian Louis & Elenne Najarian Rose Sielian Theriault Julie Bacon Diane Jebejian Margaret Sahatdjian Annette Keochekian Allen & Wendy Nalbandian Vache Thomassian Karapet Badalyan Aram Jigarjian David Saponjian Vahram Keshishian Garen Nazarian Stella Aslanian Thompson Sona Badalyan Michael Kalafian Anzhelika Sargsyan Kenneth Kevorkian Hagop Nercessian Tigran & Lilit Navasardian Adelaida Baghdasaryan Michael Kalajian Noray & Ann Sarkisian Avedis & Laura Khachadurian Alice Noreyan Edward Tiryakian Ani Baghdasaryan Daniel & Teresa Kalashian Sam Sarkisian Zareh & Anahit Khachatoorian Judith Norsigian Elizabeth Tootelian - - 2018 Lily Balian Haig Kalfaian Kristine Saroyan Ara Khachatryan Mesrob & Sondra Odian Kevork Topdjian Gregory Balukjian Gloria Kaprielian Leon & Shirley Saryan Naira Khachatryan Karen Oganezov Papken Der Torossian Zaven Bandarian Alice Karabian Edward & Joyce Seferian Art & Ramella Khachaturian Artur Orbelyan Kevork Toroyan - - 2017 Bedros & Estelle Bandazian Aram & Claudia Karagoz Artin Shahverdian Fred Khachekian Mhair Orchanian Kenell & Cheryl Touryan Iren Barseghyan H.J. & M. Karakachian Joshua & Diane Shaw Suzanna Khatcharian Craig Ouzounian Arevhat Tsaturyan Vahan Basmajian Armine Karakhanyan Jeanette Sniffin Edward & Anahid Khatchatourian Nampet Panichpant-Michelsen Vahi & Armav Urun Hatun Berberian Kenneth Karamyan & Emma Emma Stepanyan Ashkhen Khudaverdyan Dennis & Mary Papazian Hovhannes Vardanyan Ohannes Bezazian & Jeannette Baker Abramyan Armen & Frances Stephanian Mike Kiledjian Vasken & Nancy Paragamian Arbi & Kate Vartan Robert & Sirarpi Bogosian Marine Karapetyan Mane Tandilyan Nancy Kolligian Edith Pashayan Mher Vartanian Sahnur Bostan Jerry & Shari Kazarian Andrew Tashjian Herbert & Lorraine Koshgarian Jenny & Sergey Paturyan Sonia Kazazian Viertl Deborah Bozbeckian-Raptopoulos Jean Kechichian Ronald Tashjian Marcos Kotoyan Vahak & Alice Petrossian Vigen Zargarian, M.D., Inc. Andrew & Pat Chaglasian Karine Kentenyants Arek & Hanriette Tatevossian Hagop & Sonia Koujakian Dale & Roxann Petzold Mark & Katheryn Walters Nanar Chahverdian Sarkis & Carol Keochekian George Teloian Jack & Suzy Koumjian Gary & Arsine Phillips Lena Walther Nvard Chalikyan James & Angele Keshian Lusine Terteryan Sarah Kramedjian George & Dina Phillips Laura Woodbury Barbara Chamberlain Hovik Khasikyan Marie Throwridge Nancy A Krikorian Azganush Poghosyan Gadia Yaghoumianse Craig Chanti & Donna Avedisian Arsen Khondkaryan Tveen Titizian Arlene Alice Krouzian Robert M Morgenthau Revocable Andre & Assia Yavrouian Carolyn Chooljian Richard Koomjian Leo & Mary Topjian Michael Kusmit & Ruzan Aghazadyan Trust Davit Yedigaryan Elizabeth Chouldjian Juliette Koukoudian Dickran & Anahit Toumajan Raffi & Louise Kutnerian Tsolak Safaryan Liana Yeganova Marissa Clarke-Howard Helen Krikorian Dennis & Lois Trautvetter Axel & Earlene Leijonhufvud Alex Saghatelian Pascal Parrot & Lusine Yeghiazarian Rubina Danilova Richard & Lucy Krolian Lilit Tumanyan Ann Lousin Arnold Sahagian Flora Yeghoumians Seta Ohannes Dembekjian Shushanik Kyokhvayants Ruzan Udumyan Jonathan Luis & Victoria Kaprelian Gagik Sahakyan Gagik Yegiazarian Edward Derkazarian Hasmik Kyureghyan Ani Vardanyan Alice Madanyan Kristine Sahakyan Kirk Yergat Paul & Lisa Dermenjian Marita Lahijanian Tatevik Vardanyan Ben & Kim Majalian Nayiri Salibian Armen Zargaryan Hagop & Lena Dickranian Vincent & Rebecca Lauria Mary Vartanian Artak Makaryan Aram & Liza Samuelian John Zenian Sarkis & Adrienne Dodakian Marina Lord Theodore White-Meridian Ara & Roxanne Makasdjian Mark Samuelian Gaidzag & Dzovig Zetlian George Donigian Hachik & Irma Madilian Ankine Yazicioglu Nvard Manasyan Samuel Samuelyan Samvel Zohrabyan David Dorian Zare & Maro Makasjian Inessa Yeremyan Nune Mangasaryan Nune Sargisian-Krayterman James & Caroline Egoian Robert & Josephine Malconian Lilit Yordanyan Jerry & Mariam Manoukian Sedrak & Ellen Sargisian $1 to $99 Harutyun & Ilda Eran David Manoogian Katherine Zoolalian Nurhan & Doris Manukian Hayk Sargsyan Stephen & Julia Abedian Lilit Gaboyan Karmen Manoogian Vahagn Manukian & Anna Ghazaryan Ellen Sarkisian Marianna Achemian Randy Garabedian Edward Manughian * In-kind gift 34 35 $50,000+ All that is valuable in The Donors Mr. and Mrs. Sarkis Bedevian Leon & Victoria Shaldjian Foundation human society depends to AGBU $5,000 - $9,999 Dr. and Mrs. Heratch O. Doumanian The Family of Noubar & Anita Jessourian upon the opportunity for AUA Mrs. Hasmik Kaprelian The American University of $500 to $4,999 for development Armenia is also forever grateful to AGBU Young Professionals of Toronto the donors for their generous gifts Mr. and Mrs. Hagop J. Arslanian made to the AGBU for the benefit of Mrs. Carol B. Aslanian accorded the individual. - - 2018 AUA during the fiscal year, ending Mrs. Sheny Bobelian June 30, 2018 Ms. Lucille Carmody Ms. Marlene Imirzian - 2017 - - - 2017 Ms. Agnes Killabian —Albert Einstein Mr. Christopher W. Kurkjian Mrs. Mary Nalbandian Dr. Lawrence Pitts Mr. and Mrs. Kevork G. Toroyan

$100-$499 American Express Foundation Mrs. Sita Kurkjian Smith Mr. Nerses A. Kazarian Mr. Jack N. Topalian

37 I am impressed with what he Pillars of the AUA is doing in Armenia by American University of preparing and educating future TArmenia play an active leaders and giving them quality role in constructing a brighter future for Armenia every academic opportunities with single day. Through Pillar excellent first-class professors. support, the students of AUA Upon graduation, these young are strengthened, supported individuals will excel on and emboldened to assume their own turf by becoming the mantle of responsibility well-informed, well-educated to develop the homeland. Armed with the first-rate Armenians so they can help the Western-style education country grow and prosper. they received at AUA, former students are indeed an Annie Simonian Totah integral part of Armenia’s growth. Around a dozen AUA alumni are currently serving in government leadership positions (read separate section on Alumni in the Government). It is evident that A Pillar is what a university AUA Pillar investments benefit stands on and it is a pleasure not only the institution itself, 100 Pillars of AUA to support AUA and its but Armenia as a whole. Education is the kindling of a students, who are the future Through the unrestricted flame, not the filling of a vessel. of Armenia. This is not just for Socrates gifts of the 100 Pillars of - 2018 - - 2018 the Armenia of today. This is AUA program, the University for the Armenia of tomorrow. has achieved major accomplishments, including - 2017 - - - 2017 Dr. Kris Mirzayan & an increase in student financial aid, growth of the Mrs. Pamela Ascher Mirzayan endowment fund to secure a healthy financial future, construction of state-of-the- art facilities, recruitment of renowned faculty from around the globe, enhancement of library resources, and sustainment of the need- blind admissions policy. In the three short years since the launch of the 100 Pillars of The quality of the education, AUA program, a community students and professors at AUA of 76 like-minded donors is top-notch and the young men have placed their investment and women walking through and trust in AUA to support the halls of AUA are our future. Armenia. Throughout the year, multiple well-organized and We are very pleased and strongly attended donor events honored to be associated with took place across California, this incredible institution and providing individuals and looking forward to being on this families the opportunity to incredible ride with them. learn more about AUA and the positive impact it continues to make in the private and public Razmik Boladian & sectors. Ani Vartanian Boladian 38 39 That Armenian women can is a for a specific purpose, whereas of gratitude, Pillar names are “Yes, Armenian given in my mind and in my life Making unrestricted gifts give the University showcased on a beautiful glass wall and I hope this program meets the ability to direct the funds to the on campus at the entrance of the all of its funding objectives so most critical areas in any given year. Paramaz Avedisian Building. many more women will be able Please note that all restricted gifts Women Can!” to reach their full potential. a Gift bear a 5% administrative fee. The goal of the “Yes, Armenian Women Can!” campaign is to raise I have full confidence that Endowed gifts, such as scholarships, a $2.5 million endowment that will Campaign Rubina will be a role model to to AUA become part of AUA’s total support annually up to 100 female girls and women who follow endowment and are managed by the students studying computer science in her footsteps in the study of same professionals who manage the and engineering at AUA. Numerous computer science, engineering, ducation is a gift that can endowment funds of the University supporters from Armenia and the s Armenia enters a new inaugural scholarship recipient, and information technology transform lives. When you of California system. The minimum Diaspora have already joined the dawn and looks toward computer science major Rubina make a gift to AUA, you amount to establish a named campaign but many more are still and in making a significant E A a more optimistic Shahkhyan, who was awarded are contributing to an academic endowment is $100,000, whereas needed to help build this designated future, women will continue a scholarship thanks to the contribution to Armenia and to institution that is transforming the the minimum amount to establish endowment fund. to take on prominent roles in SJS Charitable Trust, the first the world. lives of students and communities, a named scholarship endowment reshaping the country and its to respond to the Campaign. and making strides in advancing is $50,000. In these cases, the Those who do not feel they can economy, particularly in the The “Yes, Armenian Women Sandra Shahinian Leitner the country. There are a number of University annually expends afford to make a contribution to AUA field of technology. This belief Can!” campaign is expected SJS Charitable Trust worthy programs and promising only the interest earned from the while they are living, yet feel strongly underpins the recently launched to multiply the number of students that merit your support Endowment, thereby securing a about supporting the University, “Yes, Armenian Women Can!” women who study at AUA on of AUA, whether through card, healthy financial growth. could consider making a bequest. campaign, which aims to raise scholarships and help them appreciated securities or retirement In this case, AUA is designated as a a $2.5 million endowment to advance in their respective I want to excel and contribute funds. When making a contribution, The 100 Pillars of AUA is a select beneficiary either for a designated support up to 100 AUA female fields of computer science, to the betterment of Armenia please consider that there are group of donors who acknowledge amount or for a specified percentage students studying science, engineering and IT. and to one day support other two categories: unrestricted and the importance of unrestricted of the remainder of their estate. An engineering or technology. restricted. Restricted gifts are giving and have pledged $10,000 estate attorney can provide further Moving the Campaign forward, scholarship recipients at AUA designated by the donor to be used per year for 5 years. As a show details on bequests. - 2018 - - 2018 Information technology (IT) is a kick-off reception was held as an expression of my deep - - 2018 one of Armenia’s fastest growing earlier this year in the San appreciation for the profound sectors, where thousands of new Francisco Bay area, hosted by difference their generosity has - 2017 - - - 2017 “Yes, Armenian Women Can!” Campaign’s Giving Categories jobs are created for qualified Eleonore Aslanian, followed by made in my life. workers in the field. Now a second fundraiser held this $100,000 – Visionary • Donor name on campus Honor campaign website page dubbed “Silicon Mountain” past summer at the home of 2 named scholarships annually in Wall/AUA publications/campaign Annual Impact Report Gasia Atashian • • because of its influential the Honorable Alice Altoon & perpetuity website page Special campus tour with the AUA BS CS '18, • presence in the tech world, Ronald Altoon in Los Angeles. Personal acknowledgment letters Featured story about the donor President when in Armenia Data Scientist at Ucom • • Armenia is exhibiting a 20% At both of these events, with photos from the recipients and the recipient • Invitation to special events annual growth in the field. potential supporters learned • Annual Impact Report • Special campus tour with the AUA There are over 450 IT companies more about the “Yes, Armenian • Donor name on campus Honor President when in Armenia $5,000 – Inspirer Invitation to special events Donor name on AUA publications/ currently employing more Women Can!” campaign and I truly appreciate what AUA, Wall/AUA publications/campaign • • than 10,000 developers and its significance to Armenia’s website page campaign website page engineers, many of whom are development. Other donors that the SJS Charitable Trust • Featured story about the donor $25,000 – Champion • Annual Impact Report women in this traditionally have established scholarships and other contributors of and the recipient • Annual Impact Report • Campus tour by an AUA male-dominated field. But through this Campaign include this campaign are doing for • Special campus tour with the AUA • Donor name on campus Honor Administrator when in Armenia this is just the beginning. Ara and Laura Dirtadian Armenia and for the world. President when in Armenia Wall/AUA publications/campaign • Invitation to special events The IT field has the potential (awarded to Lilia Mamikonyan, I became a different person • Invitation to special events website page Featured story about the donor $1,000 – $4,999 – Partner to catapult Armenia and a senior in computer science), at AUA, where I was taught • its people toward gaining a as well as Elia Kahvedjian and $50,000 – Advocate • Special campus tour with the AUA • Donor name on AUA publications/ greater competitive advantage Arakel Dirtadian, the latter to reach for my goals. At • 1 named scholarship annually in President when in Armenia campaign website page in the world market, which is scholarship named in honor of AUA, I learned that I can perpetuity • Invitation to special events • Annual Impact Report exactly why AUA has made it their grandparents. do anything for myself, for • Personal acknowledgment letter • Campus tour by an AUA a priority to provide students my university and for my with photo from the recipient $10,000 – Changemaker Administrator when in Armenia with the proper educational and The reach of this endowment country. • Annual Impact Report • Donor name on AUA publications/ professional opportunities to fund goes farther than merely specialize in the field. awarding scholarships to AUA students. It transcends Rubina Shakhkyan If you have any questions or would like more information about how to make a gift to AUA, please contact the This dedicated scholarship borders bridging Diasporans Senior studying computer science, Development Department by email at [email protected] or call 510-925-4282. Checks can be made out to campaign has already made with Armenia in the process of the first recipient of the YAWC American University of Armenia Corporation and mailed to 1000 Broadway, Suite 280, Oakland, CA 94607. progress and selected its building a brighter future. endowed scholarship. We greatly appreciate your support. Every gift is important, every gift counts, and every gift makes a difference! 40 41 AUA Pillars As of August 31, 2018

Paul Adalian Razmig Boladian & Ani Vartanian Boladian Adam & Rita Kablanian Hrag & Shahan Sarkissian Mihran & Elizabeth Agbabian Byblos Bank Armenia In Memory of Shoghagat & Boghos Kalaidjian Jirayr & Serpoug Sarkissian Michael Agbabian In Memory of Kricor & Victoria Chakmaklian Karekin G. & Zhanet Kaprelian Vahe & Nora Sarkissian AGBU ASBEDS Los Angeles Sargis Chenberjyan In Memory of Stepan Karamardian Berge & Vera Setrakian Nareg Garo Aghjayan Samuel Chekijian Anne & Garo Kiremidjian Linda Shahinian & Herb Schiff Zaven P. & Sonia Akian Yervant Chekijian Hratch & Carolyn Kouyoumdjian Louise M. Simone Maral Dabaghian Anjargolian Zaruhy Sara Chitjian Vazrik & Alice Makarian Sam & Sylva Simonian François Antounian & Suzy Missirian Antounian Bill Cumbelich & Sara Kachadoorian Cumbelich Matthew & Margarethe Mashikian Sinan & Angele Sinanian AmeriaBank Roland & Anita Danielian Samvel & Gohar Mayrapetyan Scholae Mundi Foundation ArmEconomBank Yervant Demirjian Karnig & Santoukht Mikaelian Ara Tekian - 2018 - - 2018 Armenian Missionary Association of America Levon Der Bedrossian Kris & Pamela Ascher Mirzayan Annie Simonian Totah Garo Armen Armen & Nelly Der Kiureghian In Memory of Ovsanna Misserlian Gerald & Pat Turpanjian Carol Bagdasarian Aslanian Michael & Hasmik Ghevondyan Kouchakdjian - - 2017 Edward & Vergine Misserlian Mikael & Karen Vardanyan Edward S. & Eleonore M. Aslanian William & Jane Frazer Nazar & Artemis Nazarian Karnig & Anahid Yacoubian Edward & Pamela Avedisian Arsen Ghazaryan Kenneth & Cynthia Norian In Memory of Levon A. Yacoubian & Hovhannes Avoyan & Anahit Martirosyan Vigen & Houry Ghazarian Garnik & Hilda Ohanian In Honor of Marie-Louise Yacoubian AUA Class of 1993 Harry & Katrina Glorikian Noubar & Tracy Ouzounian Yervant & Rita Zorian Vartkes & Hasmik Barsam Family Edward Godoshian Arthur Petrosian & Narine Sarvazyan Sarkis & Ruth Bedevian Hirair & Anna Hovnanian Foundation Lawrence & Mary Pitts In Memory of Hagop & Alice Bezjian Jack Munushian Charitable Trust Randall Rhodes

42 43 The AUA Corporation Board of Trustees

Lawrence H. Pitts, MD Chair, Board of Trustees, American University of Armenia Corporation; Chair, American University of Armenia Fund; Former Provost and Executive Vice President, Academic Affairs, University of California; Professor Emeritus, Neurosurgery, University of California, San Francisco

Zaven Akian Chair and Chief Executive Officer, Integra Technologies; Chair and Chief American University Executive Officer, FluiDyne Fluid Power, Inc.

of Armenia Corporation Suzy Missirian Antounian, JD & Fund Boards Chief Operating Officer, World Affairs Council of Northern California Fr. Mesrop Aramian Priest, Armenian Apostolic Church; Chair of the Board of Trustees, Ayb School; of Trustees Co-founder, Ayb Educational Foundation; Advisor to the President of Armenia on Education; Director, National Program for Educational Excellence; Founder

- 2018 - - 2018 and Editor-in-Chief, Vem Radio

- 2017 - - - 2017 Haroutune Armenian, MD, DrPh Professor in Residence, Fielding School of Public Health, University of California, Los Angeles; President Emeritus, American University of Armenia; Professor Emeritus, Epidemiology, Bloomberg School of Public Health, Johns Hopkins University

Carol B. Aslanian Senior Vice President, Aslanian Marketing Research, Education Dynamics

Edward Avedisian Private Investor

Armen Der Kiureghian, PhD President, American University of Armenia; Taisei Professor of Civil Engineering Emeritus, University of California, Berkeley

William Frazer, PhD Senior Vice President Emeritus, Academic Affairs, University of California; Professor Emeritus, Department of Physics, University of California, Berkeley

August 2018 Adam Kablanian Chair, Paradromics Inc.; Entrepreneur; Partner, HIVE Fund Venture; Former Chair and Chief Executive Officer, Virage Logic Corporation 44 45 The AUA Corporation The AUA Fund Board of Trustees Board Members

Lawrence H. Pitts, MD Ann Karagozian, PhD Chair, Board of Trustees, American University of Armenia Fund; Chair, Board Professor, Department of Mechanical and Aerospace Engineering, UCLA Henry Samueli of Trustees, American University of Armenia Corporation; Former Provost and School of Engineering and Applied Science, University of California, Los Angeles; Former Executive Vice President, Academic Affairs, University of California; Professor Interim Vice Chancellor for Research, University of California, Los Angeles Emeritus, Neurosurgery, University of California, San Francisco

C. Judson King, ScD Suzy Missirian Antounian, JD Former Chair, Board of Trustees, American University of Armenia Corporation; Chief Operating Officer, World Affairs Council of Northern California Provost and Senior Vice President Emeritus, Academic Affairs, University of California; Professor Emeritus, Chemical and Biomolecular Engineering, University of California, Berkeley; Center for Studies in Higher Education, University of California, Berkeley Arayik Harutyunyan, PhD Minister of Education and Science, Republic of Armenia, appointed by the Government of the Republic of Armenia Karl S. Pister, PhD Chancellor Emeritus, University of California, Santa Cruz; Dean and Roy W. Carlson Professor Emeritus, College of Engineering, University of California, Berkeley Karl S. Pister, PhD Chancellor Emeritus, University of California, Santa Cruz; Dean and Roy W. Carlson Professor Emeritus, College of Engineering, Barbara Sawrey, PhD University of California, Berkeley Distinguished Teaching Professor Emerita, University of California, San Diego - - 2018

Yuri Sargsyan, PhD Berge Setrakian, JD - - 2017 Former Rector, State Engineering University of Armenia, appointed Partner, DLA Piper; President, Armenian General Benevolent Union by the Government of the Republic of Armenia

Sam Simonian Berge Setrakian, JD Founder and Chair, Epygi Technologies, Ltd.; Former Chair, Inet Technologies, Inc.; Partner, DLA Piper; President, Armenian General Benevolent Union Co-founder, Tumo Center for Creative Technologies

Vasken L. Yacoubian Sinan Sinanian Chief Executive Officer, Leon A. Yacoubian Contracting LLC Chief Executive Officer, Sinanian Development

Jirair Turpanjian President, New Spark Holdings Corporation; Chief Executive Officer, TF Educational Foundation

Trustees Emeriti Vasken L. Yacoubian Chief Executive Officer, Leon A. Yacoubian Contracting LLC Mihran Agbabian, PhD Trustee Emeritus, Board of Trustees, American University of Armenia Corporation; Veronika Zonabend President Emeritus, American University of Armenia; Professor Emeritus, Civil and Co-founder, RVVZ Foundation; Chair, Board of Governors, Environmental Engineering, University of Southern California United World College Dilijan

Louise Manoogian Simone Yervant Zorian, PhD Trustee Emerita, Board of Trustees, American University of Armenia Fellow and Chief Architect, Synopsys, Inc. Corporation; Council of Trustees, American General Benevolent Union 46 47 The American University of AUA Armenia is deeply grateful to Executive Team all of our benefactors.

Dr. Armen Der Kiureghian President It is with the support of our Dr. Randall Rhodes - 2018 - - 2018 Provost visionary patrons that we Mr. Ashot Ghazaryan - - 2017 Vice President, Operations have become the leading

Mr. Gevorg Goyunyan Vice President, Finance educational institution in Armenia.

Thank you.

48 49 - 2017 - - - 2017

The American University of Armenia is accredited by the WASC Senior College and University Commission, 985 Atlantic Avenue, The AUA 2017-2018 #100, Alameda, CA 94501, 510.748.9001 Annual Report conforms American University of Armenia 40 Marshal Baghramyan, Yerevan 0019 with the redesigned visual +374 60 694 040, +374 10 324 040

American University of Armenia Corporation identity and reflects the 1000 Broadway, Suite 280 Oakland, CA94607 purpose, vision, and 510 925 4282 values of the University. 117 South Louise Street Glendale, CA 91205 [email protected]

www.aua.am

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