ANNUAL REPORT 2018/19 Celebrating the Global Armenian Evangelical Church

2018/19

1918 2018 ARMENIAN MISSIONARY ASSOCIATION OF AMERICA Ամերիկայի Հայ Աւետարանչական Ընկերակցութիւն 1 2018/19 FOREWORD

I thank God for giving me the calling to serve Him through the Armenian Missionary Association of America (AMAA) and the privilege to present to you, our supporters, friends and prayer partners, the Annual Report of the AMAA for the fiscal year 2018-2019. Pursuant to our policy of full disclosure and accountability, we have provided the Statements of Financial Position of the AMAA as of July 31, 2019, and Statements of Income and Expenditures for the past fiscal year, as prepared by our Auditors, Sax LLP, Independent Certified Public Accountants. These reports and financial statements were reviewed and acted upon at the 100th Annual Meeting of the Association held on October 19, 2019 at the Armenian Memorial Church of Watertown, MA. Based on the approval of the reports, we have prepared this Annual Report which is available to all AMAA members, friends and supporting agencies worldwide and accessible on the AMAA website at www. amaa.org. We are grateful to God for blessing our wonderful organization for another year. We uphold all those who in the past, through their passion, dedication, sacrifice and hard work, built the foundation of AMAA. We also would like to thank all those who supported our organization with their prayers, participation and financial support during this past year. We invite you to make every effort to support your organization with greater enthusiasm, and invite others to join us in our worldwide outreach to preach the Gospel and provide a glass of cold water in His name.

Zaven Khanjian Executive Director/CEO

December 2019

Khoren and Shooshanig Avedisian School Class of 2019 - Yerevan, Armenia 2 2018/19

Table Of Contents

AMAA Board of Directors 4

President’s Message 5-6

Executive Director/CEO’s Report 7-16

Treasurer’s Report 17

Director of Finance’s Report 18

AMAA at a Glance 19

AMAA Around the World 20-21

AMAA Ministries 22-24

Financial Reports 25-45

Endowment Funds and Other Financial Info 46-60

Supporting Churches and Organizations 61-62

Historical Financial Data 63

Historical Data 64

How to Give 65

How to Pray 67

Front Cover Photo: Armenian Evangelical Church of Pera, Beyoğlu, Istanbul, Turkey - The first Armenian Evangelical Church worldwide, established on July 1, 1846 Back Cover Photo: Altar stained glass window of the Armenian Church of Martyrs, Worcester, MA - the first Armenian Evangelical Church in the United States, established on January 1, 1892 and the birthplace of AMAA in 1918.

Design: caspianseal.com

3 2018/19 AMAA Board of Directors

OFFICERS President: Nazareth Darakjian, M.D. Vice President: Michael Voskian, D.M.D. Treasurer: Nurhan Helvacian, Ph.D. Co‑Recording Secretaries: Mark Kassabian, Esq. and Thomas J. Momjian, Esq.

EXECUTIVE DIRECTOR/CEO Zaven Khanjian

FIELD DIRECTOR/Pastor to Pastors in Armenia Rev. Mgrdich Melkonian

AMAA REPRESENTATIVE in Armenia Harout Nercessian

BOARD OF DIRECTORS Class of 2019 Class of 2020 Class of 2021 H. Steven Aharonian, M.D. Edward Avedisian Bryan Agbabian Ara Apelian, M.D. Nazareth Darakjian, M.D. Bryan Bedrosian Rafi Balabanian, D.D.S. Thomas J. Momjian, Esq. Rev. Avedis Boynerian, D.Min. Rev. Ara Guekguezian Jack Muncherian John Cherkezian Berjouhy Barsoumian Gulesserian Vahe Nalbandian, Ph.D. Mark Kassabian, Esq. Susan Jerian, M.D. Alan Philibosian, Esq. Kenneth Kevorkian Hratch Sarkis Gary Phillips, Esq. Louis Kurkjian

Joseph H. Stein, Jr. Ann Karagozian Sarafian, Ph.D. Heather Ohaneson, Ph.D. Michael Voskian, D.M.D. Eileen Chopourian Stephey, Ed.D. Michele Simourian

EX‑OFFICIO Rev. Berdj Djambazian (Minister to AEUNA) Mihran Jizmejian (AMA-Canada - President/CEO) Joyce Philibosian Stein (Stephen Philibosian Foundation) Rev. Dr. Vahan Tootikian (AEWC - Executive Director) Rev. Dr. Krikor Youmshajekian (AMA-Australia - President/CEO)

PAST PRESIDENTS H. Steven Aharonian, M.D. George Bezirganian, M.D. Andrew Torigian Joseph Zeronian, Ed.D.

HONORARY VICE PRESIDENTS Rev. Megrditch Karagoezian (President, UAEC‑Near East) Rev. Dr. René Léonian (President (UAEC-Eurasia) Rev. Joël Mikaélian (President, UAEC-France) Rev. Albert Paytyan (President, EC-Armenia) Rev. Jeremy Tovmassian (Moderator, AEU-North America)

4 President’s Message 2018/19

The Centennial celebrations are over with the final event being the Banquet last October that was an appropriate cap to our year of celebrations. The Banquet Hall at the Biltmore Hotel in downtown Los Angeles was jam packed with more than 500 people, with a program that was both entertaining and informational regarding the worldwide mission of the AMAA. We also took this opportunity to honor the Stephen Philibosian Foundation, the Conte Foundation and the Turpanjian Educational Foundation for their very important contributions throughout the years to various AMAA projects. Special thanks to the four Co-Chairs Arsine Phillips, Lori Muncherian, Helga Sarkis and Tina Segel. The Centennial Campaign will however continue till the end of 2019 and we hope that we will come close to accomplishing ourB set goal of $20 million. I am happy to report that as of August 1, 2019, close to 65% of our goal had been accomplished. Centennial celebrations also took place in Armenia last September with multiple services, artistic programs and a very well attended Centennial Banquet in Yerevan. The high- light of the week, however, was the dedication of the beautiful brand-new Gyumri Church complex. A large number of Gyumretsis welcomed us as we performed the dedication ceremonies, cut the ribbons, unveiled the plaques acknowledging the donors and had a worship service in the sanctuary with many local as well as guest pastors participating. Following the dedication ceremonies, I stayed in northern Armenia for a few days visiting the churches of Shirakamout, Vanadzor and Alaverdi and the church of Tbilisi in Georgia. The building in Tbilisi was in poor condition and I’m happy to report that since our visit the Church has relocated to a better building. In Armenia Rev. Mgrdich Melkonian continues his mission of building the Evangelical Church of Armenia and providing continuing education and leadership training to our pastors there. The fruit of his work is apparent in that we have two young men who are interested in studying theology at the Near East School of Theology in Beirut, Lebanon and pursuing a career in ministry. Our major construction project in Armenia at present is the Stepanavan administrative building where the ground has already been broken. This project is expected to be completed by 2021. We also have repair/renovation projects going on at our Ijevan Church complex, the Vanadzor parsonage and the Shushi Bedrosian Camp. Mr. Hratch Sarkis, a current AMAA Board member, follows these projects very closely by personally visiting Armenia several times a year. We can’t thank Hratch enough for the services he provides to the AMAA in Armenia. The Avedisian School has completed another banner academic year with 31 High School graduates all planning to pursue higher education. The Avedisian School building has become the first building in the Republic of Armenia to be awarded LEED (Leadership in Energy and Environmental Design) certification. Congratulations and special thanks to Ed Avedisian, architect Ron Altoon and members of the Avedisian School Building Committee for this accomplishment. In the Near East, the political instability and economic distress continue to challenge the health of our institutions there. In Aleppo, there is a tentative peace, but the civil war is far from over and the future very uncertain. The need for humanitarian aid as well as the support for our churches and schools is still very significant. In Lebanon, plans are under way to merge the Torossian School with the Shamlian-Tatigian School, both in Bourj Hammoud. This merger will help shrink the payroll and stem the flow of red ink thus creating an entity that is more viable financially. The AMAA will help the two schools in accomplishing this goal since shrinking the payroll requires an infusion of funds to pay outstanding commitments. In addition to the schools, the AMAA continues its support of the churches, the pastors, summer camps and social service centers throughout the Near East. Haigazian University is making headway as far as reducing their annual deficit and stabilizing the number of regis- tered students. It clearly has become harder for Armenian students to attend Haigazian because of the serious economic stress that their families face there. The AMAA continues to identify new sources of scholarships for Armenian students in order to fulfill Haigazian’s mission of providing higher education to Armenian students in the area. The AMAA has continued its support of the French Union by providing support for needed repairs of their churches and summer camps. The AMAA also supports the various churches of the European fellowship including Greece, Bulgaria and Belgium. In the United States, many needy churches continue to receive support per recommendation of the AEUNA. Sum- mer camps on both coasts of the United States and the Merdinian Armenian Evangelical School in Southern California also continue to receive support from the AMAA. During the last year, our West Coast Executive Director Levon Filian decided to retire from his position and his contributions to the AMAA were acknowledged during the Centennial Banquet in Los Angeles. Mr. Filian, however, continues to serve the AMAA on a voluntary basis and represents the AMAA when needed. The West Coast office remains open and our goal is to ultimately fill that position with a Field Director based on the estW Coast.

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Our Paramus office has experienced turnover in personnel of the Finance Department. Nerses Rastguelenian has been hired as Controller of the Association and has been instrumental in helping us meet all our obligations in the Finance Department including the preparation of the budget for the new fiscal year. September 1, 2019 marks the fifth anniversary for Zaven Khanjian assuming the duties of Executive Director/CEO of the AMAA. Mr. Khanjian has served the organization with great zeal and dedication and we hope that he will continue in the same manner for many years to come. I also want to take this opportunity to thank the entire staff and the volunteers for all that they do for the AMAA and the Glory of God.

Respectfully Submitted, Nazareth E. Darakjian, M.D., President

AMAA Centennial Celebratory Worship Service at the Armenian Church of the Martyrs, the birthplace of AMAA - Worcester, MA 6 Executive Director/CEO’s Report 2018/19

You are the salt of the earth. Matthew 5:13

AMAA’s 2018-2019 Fiscal Year is behind us. The year was marked by a continuous mood of glamourous Centennial celebrations, which extended from Armenia in September and capped with a historic, to be remembered Banquet in Los Angeles in October 2018. Cel- ebrations are not self-serving. Four years ago, at the genesis of our deliberations, our Cen- tennial celebration and fundraising campaign theme set the tone – Faithful to our Legacy, Embracing the Future. We paid tribute to the legacy, revered the founders, published their story and digni- fied their service and sacrifice. We hopped on five continents (Africa joined us in Beirut), held banquets, offered prayers and praises in a multitude of services. AIn an effort to “embrace the future” the Campaign set a bold goal to raise $20M. Over the past few years, numerous appeals were made, personal contacts established, warm and cozy home gatherings hosted, prayers offered and brochures published. Although the Campaign will technically run through the end of calendar year 2019, the core Campaign is behind us with an achievement rate of over 65% having as of fiscal year end raised around $13M. God has been good to the AMAA as it carried its commissioned mission of Faith, Love and Service around the world emulating the life and teachings of our Lord and Savior Jesus Christ on earth. Through the faithfulness and generous philanthropic spirit of its donors, the AMAA has been able to fight poverty, offer spiritual nourishment, provide quality education, vital healthcare, sowing hope for a brighter future for our kin in Armenia, Artsakh, the Near East, Europe, Eurasia, the Americas and everywhere the grace of God has taken us. Today, as we come face to face with those whose generosity, love of God and man is mirrored through the mission of the AMAA, we remain cognizant of management’s uncompromising sense of responsibility, total attentiveness to the mission, prudent management of funds, stringent accountability, unblemished reputation and a total commitment to transparency. In that sense of responsibility, we submit to the broader membership of the Association a summary of the significant events and activities, which portray what transpired in the fiscal year 2018-2019.

A. PARAMUS HEADQUARTERS

A.1. Personnel

Paramus: Due to a competitive labor job market, we lost two key personnel in the fiscal year.David Aynejian in October 2018 and Lisa Sudibya in March 2019. On April 1, the AMAA invited Nerses Rastguelenian to serve as acting Director of Finance as an independent contractor. On August 1, 2019, Mr. Rastguelenian was confirmed to be the new AMAA Controller in addition to the post of acting Director of Finance. We are grateful to God for the services of Mr. Rast- guelenian whose employment has been a blessing to the mission. Marilyn Monasterio, Data Entry Coordinator, joined the AMAA Paramus staff in August 2018. Christine Kutlu, Events and Marketing Manager, joined the AMAA Paramus staff in September 2018.

West Coast: Effective January 1, 2019 and after 10 years of service, AMAA West Coast Executive Director Levon Filian retired. Levon was honored and thanked for his services at the October Centennial Banquet in Los Angeles. Mr. Filian continues to voluntarily serve the needs of AMAA when needed and asked.

Armenia and Artsakh: By mutual consent, Arsen Manasyan resigned his post as AMAA Representative in Artsakh and Operations Man- ager in Armenia effective January 1, 2019. Viktor Karapetyan was promoted from the ranks of our Artsakh staff to replace Mr. Manasyan as the AMAA Representative in Artsakh effective January 1, 2019.

In September 2019, Aren Deyirmenjian of Beirut, Lebanon took up his position as Deputy Armenia Representative moving to Yerevan, Armenia.

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A.2. Development, Fundraising and Publicity AMAA Direct Mail, Social Media Fund Raising, Publicity and Promotion continued throughout the year with added vigor and without interruption. During the current fiscal year, AMAA produced and mailed out promotional and fundraising appeals, which included: - AMAA News Appeals - Christmas Joy Appeal - Christmas Direct Mail Appeal - Christmas Greeting Card - 2017-2018 AMAA Annual Report - AMAA Endowment Fund Statements - Annual Donor Statements - AMAA Life Member Certificates - Easter Direct Mail Appeal - AMAA Summer Camp Appeal - AMAA Milk Fund Appeal

In addition to the Direct Mail appeals, Paramus continued to E-Blast appeals, commemorations, observations, salutations and program and service news to our growing Email list. Contributions have flown in. Encouraging statements, supportive messages, a few grievances and some significant donations have touched our hearts, multiplied the joy and treasured the mission.

A.3. AMAA News 1) The July-Aug-Sept 2018 issue featured the Simourian mission 30 years ago. 2) The Oct-Nov-Dec 2018 issue featured Centennial Celebrations in Yerevan 4) The Jan-Feb-Mar 2019 issue featured No More Walls 5) The Apr-May-June 2019 issue featured Children Helping Children

A.4. AMAA 2018 Annual Meeting and Centennial Banquet In October 2018, a Banquet was held at the Biltmore Hotel in Los Angeles, crowning AMAA’s Centennial Celebrations. Co-Chairs Lori Muncherian, Arsine Phillips, Helga Sarkis and Tina Segel masterfully planned the Banquet which honored: SHEEN FAMILY TRUST STEPHEN PHILIBOSIAN and CONTE FOUNDATIONS GERALD and PATRICIA TURPANJIAN – TF FOUNDATION The 2018 AMAA Board and Annual Meetings were graciously hosted by the United Armenian Congrega- tional Church.

A.5. AMAA Scholarships For the academic year of 2019-2020, the AMAA provided over $230,000 in direct scholarship grants to college students. Eighty deserving students in North America received scholarships. Specially designated scholarships to Haigazian University students continued to flow. AMAA funding also provided college scholarships to students in Armenia, Lebanon and Seminary students in the United States.

A.6. Centennial Capital Campaign The AMAA Centennial Capital Campaign embarked in October 2016 and will run through the end of the 2019 calendar year. The purpose of this Campaign was to raise funds for specific Capital Projects in the AMAA mission field and establish new or supplement existing Endowment Funds. A bold target to raise $20M was set. Development Committee Chair, Ken Kevorkian, diligently led the Campaign together with Joyce Stein, Centennial Campaign Committee Co-Chair, Dr. Nazareth Darakjian, President, Levon Filian, West Coast Execu- tive Director, Magda Poulos, Director of Annual Giving, your Executive Director/CEO and all Development Com- mittee members. The relentless spirit and effort of the Committee resulted in achieving 65% of the targeted goal by raising $13M.

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A.7. Cooperative Committee on Armenian Missions (CCAM) The Cooperative Committee on Armenian Missions, which conducts the annual review and distribution of the Donchian Fund held by the United Church of Christ (Global Ministries), teleconferenced on Wednesday, March 5, 2019. The 2019 spendable distribution was $180,538. A distribution of 75% to Armenia, 15% to Lebanon and 10% to Syria was approved and later funded.

A.8. Armenian American Museum The Armenian American Museum continues its quest to raise funds for the construction of the Museum to be erected in Glendale, California. The President and/or the Executive Director/CEO represent the AMAA on the Board of Governors. Levon Filian fills in as an alternate representative. The AAM project is confidently moving forward with community, city, county and state support. There is still a long way to go to place it on very solid ground.

A.9. Relations with the Mother Church in Armenia Relations with the Mother Church both in the Homeland and the Diaspora remain warm and friendly. The AMAA Executive Director/CEO has regularly met Catholicos Karekin II on his visits to Armenia in Sep- tember 2018 and May 2019. Despite the improved relationship, the signing of a Memorandum of Understanding (MOU) between the two churches in Armenia seems to have been stalled. Although the AMAA and ECA have not encountered difficulties in carrying out their missions in the Homeland and operate in an uneventful atmosphere in the spirit of the desired MOU, it is advisable to have the MOU signed to secure orderly relationship in perpetuity and without regard to current leadership.

A.10. AMAA Hot Line In spring 2018, AMAA contracted NAVEX Global to reactivate its hot line. Hot Line materials have been circulated in all AMAA operational centers in Armenia, Artsakh and the United States. Training sessions will follow.

A.11. Amaa-Lark Centennial Concert – March 9, 2019 The graceful tradition of an annual joint concert with LARK Musical Society was repeated this year on March 9, 2019. Titled ‘Promise of Hope’ this magnificent presentation of Brahm’s German Requiem was dedicated this year to the memory of Dr. Mihran Agbabian. Thanks to Ken Kevorkian for masterfully chairing the organizing Committee and to Maestro Vatsche Bar- soumian for brilliantly presenting this joyful, memorable and consummately admirable concert.

A.12. Child & Orphan Care Annual Fashion Show – March 23, 2019 ‘Wish Upon a Star…’, another remarkable Child and Orphan Care Annual Fashion Show was held at the Beverly Hills Hotel on March 23, 2019. Supported by 450 attendees and many others contributing remotely, the event raised around $260,000 for the AMAA Child and Orphan Care Program. Kudos to AMAA’s dynamic West Coast Orphan and Child Care Committee Chairs, Event Co-Chairs and Committee members who year after year excel in their efforts.

A.13. Boston Orphan & Child Care Gala ̶ MAY 9, 2019 Around 100 honorable guests gathered at the Wellesley Country Club in Wellesley, MA on May 9, 2019 to honor AMAA’s National OCC Founding Co-Chair Michele Simourian and raise funds for the children of Armenia. Thanks to the dedication and vigilant efforts of the OCC Committee, the event raised $71,000 for the cause.

A.14. AMAA 2019 Summer Internship The 2019 AMAA Summer Internship was planned, organized and led by Rev. Serop and Dr. Alina Meg- erditchian of the Cilicia Armenian Evangelical Church in Pasadena, CA. AMAA Events and Marketing Manager, Christine Kutlu and a filmmaker joined the interns for the production of promotional material. Fifteen interns from eight countries were blessed witnessing the AMAA in action in the Homeland, serving in several mission projects and experiencing the magic of the ancestral home.

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A.15. AMAA Centennial Celebrations

1) September 23-30, 2018 – Armenia The AMAA Centennial celebrations in Armenia were held in an atmosphere of joy and praise and were a smash- ing success in terms of activities and attendance. Close to 100 AMAA members and supporters from the Dias- pora participated in the festivities together with huge crowds of Evangelical Church of Armenia members and friends of the AMAA in the Homeland. The following is a list of the activities during the celebration week. - Sunday, Sept 23: Celebratory Worship Service at the Baghramyan Church - Sunday, Sept 23: A Concert at Baghramyan by the Armavir AEC Choir - Tuesday, Sept 25: ’The Angel of Salvation’ theater presented by the ECA Hayasa group - Wednesday, Sept 26: Art Exhibition by Armenian Evangelical artists at the Artists Union - Friday, Sept 28: Multi Media artistic presentation at Yerevan’s Opera House - Saturday, Sept 29: A Celebratory Centennial Banquet at the Yerevan Marriott - Sunday, Sept 30: Inauguration of the Gyumri Church and Community Center

2) October 20, 2018, Los Angeles, California A capacity crowd of 500 honorees, guests, members and supporters filled the Los Angeles downtown BILT- MORE Hotel celebrating AMAA’s Centennial. It was an historic event long to be remembered by the community at large. (See A.4. for more). I am humbled to have had such a support group who marveled in the planning and execution of the event. From the Banquet Co-Chairs to every single member of the Committee, to the office personnel in Paramus and Glen- dale, all carried out a professional job giving honor to God and reverence to the Mission.

A.16. AMAA Medical Mission June 22-July 1, 2019 For the 11th year in a row, led by Dr. Albert and Sue Phillips, 41 members of AMAA’s Medical Mission sowed blessings in Vanatzor and Stepanavan in the north and in Sissian and Kapan in the south between June 13 and 23. There is serious consideration to expand the Mission into Artsakh in the coming years. Dr. and Mrs. Phillips, Dr. Chris Tashjian and all the Medical Mission volunteers are a blessing to the Mission as they follow the example of our Lord Jesus Christ.

A.17. “HAYASTAN” All-Armenia Fund Meeting In Yerevan On June 8, 2019 The AMAA Armenia Representative, Harout Nercessian attended the 27th Annual Meeting of the ‘Hayastan” All-Armenia Fund Board of Trustees. Following the velvet revolution in Armenia in Spring 2018, the HAAF has undergone major reforms in leadership, strategy and programs. The Armenia Fund Telethon on Thanksgiving Day 2019 will allocate the proceeds of the day, supporting various water projects across Armenia and Artsakh.

A.18. US Sanctions – Compliance Policies & Procedures And Effect On Amaa Budget Trasmittals To Syria and Iran US Sanctions on countries within the interaction and support of the AMAA came to hit us in the early days of the fiscal year 2018-2019. In September 2018, our bankers froze wire transfers eventually reaching Syria and Iran igniting a crisis which has not yet seen a resolution. In fall 2018 AMAA employed Vigilance Consulting Group to help us navigate the crisis. In March 2019, the AMAA filed a submission to the Office of Foreign Assets Control – (OFAC) ‘requesting interpretive guidance whether AMAA’s provision of service to its Syria and Iran communities are in line with the general licenses found in the Syria and Iran Sanctions Resolutions.’ Simultaneously, and in accordance to the law and through the help of the consultant, the AMAA prepared and adopted new Sanctions Policies and Procedures. In consultation with our consultant and within the limits of the law we are vigorously pursuing a response from OFAC. It has been hard for us to experience this situation and deny assistance to our communities in Iran, and especially in Syria. It is our hope and prayer that the matter will soon find a resolution and that we will be able to resume our budgetary support to Syria.

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A.19. AMAA Employee Handbook Thanks to the volunteer services of Human Resources expert James Gulezian of the Havertown Armenian Martyrs Congregational Church, the AMAA Employee Handbook was updated, approved and adopted effective January 1, 2019.

B. MISSION FIELDS

B.1. AMAA ARMENIA Here is a list of our activities in the Homeland.

B.1.1. RA Prime Minister Received AMAA Executive Director/CEO On June 14, 2019, Prime Minister Nikol Pashinyan received AMAA Executive Director/CEO accompanied by Sona Khanjian, Armenia Representative Harout Nercessian and Rev. Hovhannes Hovsepyan. The newly appointed High Commissioner for Diaspora Affairs Zareh Sinanian participated in the meeting. The Prime Minister highly appreciated the activity of the Association in Armenia. He expressed hope that the programs of the Armenian Missionary Association in Armenia shall continue to expand and develop. The Ex- ecutive Director/CEO presented the programs and services of the Association and stated that, encouraged by the changes taking place in the Homeland, the AMAA will give a new impetus to the economic, social and educational programs it administers. The Prime Minister took time to appreciate the contributions of the Evangelical Church of Armenia in the life of the Armenian people and imparted full knowledge the Church has played in the spiritual and educational fields.

B.1.2. Mission AMAA operations in Armenia and Artsakh constitute its major mission field of operations with over 50% of its budget being allocated there. Harout Nercessian and Rev. Mgrdich Melkonian continue to lead the AMAA and ECA operations respectively. During the current fiscal year, I visited the mission field twice ̶ once in September 2018 and then in May 2019. As the year progressed, positive recognition and awareness of AMAA presence and activities in the Homeland has grown. AMAA centers have seen a decent expansion thanks to new construction and expanded capacities. Em- ployment continues to show a slight increase as services and programs expand and increase. Relations with the Mother Church can be categorized as warm and friendly in most regions with a few exceptions. The political atmosphere is calm and the spirit of optimism, confidence and hope, welcomed after the velvet revolution, persists and continues to reflect the popular mood in the country. The much anticipated economic growth might not have reached ‘miraculous’ expectations but persists in the country with a wider global professional business traffic stumbling Ye- revan. AMAA operations are dynamic and interaction with government offices smooth and warm. The general atmosphere in which the church operates is positive with declined pressure and/or restrictions. The AMAA continues to follow a policy of restrained expansion coupled with improved services.

B.1.3. Evangelical Church of Armenia I cannot minimize the importance and the role of the Evangelical Church of Armenia (currently 24 churches in Armenia and Karabagh) in the framework of the future of the Armenian Evangelical movement. Armenian communities in the Middle East continue to lose magnitude and as a result, fervor. Both political upheaval and economic unrest dominate the region portraying an opaque future. The West too is experiencing a decline resulting from natural assimilation, schisms within the church and decline in new recruits answering the call to spiritual leadership. I believe that Armenia remains the most fertile soil where the Evangelical Church of Armenia can grow and retain its mission in disseminating the Word of God among our people. The AMAA should continue to encourage and nurture the Church, which can and should thrive and potentially perpetuate the movement in independent Armenia. Rev. Melkonian continues his diligent service in leading, teaching, supervising and mentoring pastors in Armenia through spiritual retreats, seminars, training, interning and ‘upper room’ experiences. The Church, in general, still suffers from: 1) Lack of solid growth with anchored and supportive congregants. 2) Little progress toward financial independence. 3) Deficiency with respect to professional transparency and accountability 4) Falling behind in engaging its leadership in academic, theological and scholarly public appearance and exposure.

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More work needs to be done on the above concerns to bring the ECA closer to the dynamic entity hoped to perpetuate the Armenian Evangelical experience.

B.1.4. Avedisian School The Avedisian High School continues to excel in the field of education with 100% of 2019 graduates being enrolled in universities. The student body as well as the school budget are on the climb and efforts will continue to ensure that the Endowment Fund follows. The Executive Director/CEO participated in the 2019 graduation ceremonies. Benefactor Doreen Bilezikian was the keynote speaker with members of the Bilezikian Family in attendance. The latest conquest of the School was the LEED (Leadership in Energy and Environmental Design) Cer- tificate awarded by the US Green Building Council in Washington DC. Being the first structure to receive the LEED Certificate in Armenia, the AHS was also awarded USGBC’s EARTH designation. The AMAA salutes the pioneering insight of a remarkable group of project owners and professionals who rose above cost and construction considerations to be good stewards of the creation in securing the LEED Certifica- tion and EARTH designation for the School. In teaching faculty and students to take good care of Armenia’s ecology, the AMAA Board and Administration toil to provide an environmentally sustainable Homeland for the enjoyment of generations to come. We are proud of the Avedisian School.

B.1.5. Construction By fiscal year end, the following construction projects were completed, are in planning or in progress. Most AMAA Construction projects in Armenia are being supervised and administered by Board Member Hratch Sarkis to whom I extend AMAA’s utmost gratitude. • SOUTH WEST DISTRICT NEW SANCTUARY - Study is still in progress to determine the feasibility and cost of building on the lot we now own and which falls on a city dirt road. • IJEVAN CENTER RENOVATION - Construction in progress • JANBAZIAN and ASKERAN KINDERGARTENS IN ARTSAKH - Both Kindergarten renovations in Artsakh were completed. The Askeran Kindergarten was named after the parents of benefactor Hagop Basmajian from Montreal, Canada. • GYUMRI PARSONAGE - One of the old Gyumri office apartments was renovated and converted to a parsonage for the new Gyumri Minister. • ABOVYAN STREET APARTMENT - AMAA owned Abovyan Street apartment was partially renovated. It housed two new pastoral candidates who will move to Beirut in September 2019. Our new AMAA Deputy Representative Aren Deyirmenjian will occupy the apartment after further renovations in Sep- tember 2019. • BEDROSIAN SHUSHI CAMP OFFICE and CE CENTER - Construction in progress. • EIGHT APARTMENTS IN BEDROSIAN CAMP ADJACENT COMPLEX - Funded by Dr. John and LindaKay Abdulian the last apartment in this eight-unit complex was acquired, securing total AMAA ownership. • STEPANAVAN ADMINISTRATIVE BUILDING - Construction in progress. • SISSIAN AMAA/HFA CENTER SECOND FLOOR RENOVATION - A joint venture between AMAA and Hope for Armenia. Renovation in progress.

B.1.6. Programs and Services in Armenia and Artsakh The AMAA is actively engaged in the following vital programs and services rendered in Armenia and Art- sakh, most of which are at levels of the previous year or have slightly grown. - EDUCATION – AVEDISIAN HIGH SCHOOL - MILK FUND - STITCHED WITH LOVE - ORPHAN and CHILD CARE - SHOGH DAY CENTERS - MEDICAL and DENTAL CARE – AYNILIAN CLINIC - ARTSAKH KINDERGARTENS - CHRISTMAS SHOE BOXES

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- CHRISTMAS JOY - CHRISTIAN EDUCATION - BORDER VILLAGE RENOVATION - PUBLICATIONS - THEATER - CHOIR - SUMMER CAMPS

B.2. Near East B.2.1. Syria

B.2.1.1. Emmanuel Church Roof The Emmanuel Church roof was totally rebuilt with major financial assistance by theAMAA. A special dedication worship service was held on December 2, 2018 on this occasion. More funds are designated for the Emmanuel Church, which are hoped to be transmitted upon the resolution of the Sanctions hindrance.

B.2.1.2. General Conditions in Syria Despite the wrath of the US Sanctions (see A.18 above) and lack of AMAA funding in fiscal year 2018-2019, community life in Syria seems to be active and fervent. Relative safety and security continue to prevail in sections under the control of the Syrian government where church life is visibly blazing and attendance intense. Through the remarkable efforts of Rev. Harout Selimian, new resources have been secured through Euro- pean governmental and institutional channels which have more than alleviated the absence of AMAA assistance during the past fiscal year. A final political settlement however still seems to be away, as the forces who bred the crisis have failed to reach their goals. The AMAA continues its moral and material support of Syrian Armenians in Syria, Lebanon and Armenia where thousands of refugees are still struggling to settle.

B.2.2. Lebanon

B.2.2.1. Haigazian University The Haigazian University Board of Trustees met in Los Angeles in early November 2018 and in Beirut in early June 2019. The University continues its journey of excellence in education, contributes to a healthy communal interaction and advances its Armenian Studies program and its Diaspora Research Center. The University, under the able leadership of President Rev. Dr. Paul Haidostian, continues to enjoy an es- teemed and honorable reputation within the Lebanese educational, Governmental, local Armenian community as well as in academic circles in Armenia and Artsakh. Dr. Hasmig Baran, Chair of the HU Board of Trustees, in coordination with the University administration diligently navigates the institution forward. Reflecting the wave of continued exodus, fierce competition and economic hardship, the number of Arme- nian students enrolling in the University is in a slow but constant decline. The outlook, following a general assessment of the geo-political future of the region, does not give much hope for the tide to be reversed. We should be mindful of the future of our communities and establishments in this volatile part of the world. HU remains the pride of the Armenian Evangelical global community with its vital role in preparing regional and international public leadership. The AMAA is determined to support and sustain this single Armenian educational center of higher education in the Diaspora.

B.2.2.2. Armenian Evangelical Schools in Lebanon The Haigazian University experience, touched upon above, also applies to Armenian Evangelical Schools in Lebanon. As the community shrinks and social and economic hardship intensifies, enrollment in our schools drop and operating deficits rise, a phenomenon that has been the reality over so many years. To face the situation head on, a long overdue action of school consolidation finally was adopted and planned by the UAECNE Central Committee for the 2019-2020 academic year. Two Bourj Hamoud based schools, Shamlian Tatigian and Torosian schools, will

13 2018/19

merge effective the next academic year hoping to mitigate the financial and academic crisis the schools have been facing for a long time. AMAA salutes this effort and the new oversight on the school administration the UAECNE plans to create. The decision to merge necessitated urgent need for financial assistance, which was subsequently provided by the AMAA Board. The education provided to some 1,000 students is of utmost importance, which cannot be underestimated.

B.2.3. Turkey Despite its strategic and central location in the heart of the Near East, the Armenian Evangelical community in Turkey seems to be as far as the moon. I did not have the opportunity to be in Turkey during the fiscal year under review and neither has anyone from the UAECNE of which the church is part of. The AMAA continues to provide a degree of material support to the church but more interaction, coordination, encouragement and cooperation is needed. The Hrant Dink Middle School at the Gedik Pasa Church continues to serve the children of Armenian mi- grants who have taken employment refuge in Turkey. No update has been provided on the renovation and reconstruction plans of Camp Armen, led by a Com- munity Reconstruction Committee supervising the process, which were submitted to the Tuzla Municipality for approval in the past fiscal year. Repeating my assessment of last year, the Armenian Protestant community and church in Turkey fall under the Union leadership of the UAECNE. Ties, connections and relationships between Istanbul and Beirut need to rise to a level consistent with expectations.

B.2.4. Australia The Armenian Missionary Association of Australia continues to remain vibrant and productive under the able leadership of its Executive Director, Rev. Dr. Krikor Youmshajekian. Relations though with the AEC of Sydney remain uneasy and need to be elevated to a level of mutual trust, cooperation and coordination. Executive and Corporate positions at AMA-Australia need to be separated to avoid any actual or perceived conflict of interest.

B.3. The Americas

B.3.1. AMAA Sundays AMAA Sundays are effective, essential and practical way of continued direct interaction between the AMAA and the AEUNA member churches in the Americas. In as much, as practical and thanks to efforts exerted by Dr. Nazareth Darakjian, Heather Ohaneson, Levon Filian, Rev. Mgrdich Melkonian, Harout Nercessian and the AMAA Executive Director/CEO we continued our tradi- tional visits to the AEUNA member churches to participate in AMAA Mission Sunday programs. We thank most AEUNA churches and Mission Committees for their support and partnership and sincerely call upon the rest to join us in our Mission and in support of its programs and services.

B.3.2. Change in the AEUNA Leadership Effective May 1, 2019, the AEUNA Moderator and Downey Church Pastor Rev. Vatche Ekmekjian, having moved to a Brotherhood church, resigned his post. Vice Moderator Rev. Jeremy Tovmasian assumed the duties of Moderator until the next AEUNA Biennial convention in 2020. Rev. Henrik Shahnazarian of UACC was assigned to act as Vice Moderator.

B.3.3. Joint Home Missions Committee - JHMC The Moderator, MTTU and Treasurer of the Union together with the President, Treasurer and the AMAA Ex- ecutive Director/CEO convene annually to review the Union needs. The JHMC of the AMAA and AEUNA met again in spring 2019 to review the budget request of the Union for ministerial needs in the Americas in the 2018-19 budget.

B.3.4. South America The AMAA Executive Director/CEO has not been able to visit the South American Armenian Evangelical churches in Argentina, Brazil and Uruguay. Although the AMAA continues to follow the status and supports the three ministries of Armenian Evangelical

14 2018/19

churches in South America it is imperative that the AMAA Executive Director/CEO personally visit our brothers in the South, encourage their ministries and closely inspect their needs. It is our hope and prayer that the integration of these three churches in the AEUNA will bring much needed revival, energy and support

B.3.5. North America The AMAA closely watches the state of our churches, pulpits and youth camps and is in direct contact with the AEUNA Minister to the Union (MTTU). MTTU Rev. Berdj Djambazian, Moderator Rev. Jeremy Tovmasian and the Executive Committee continue to meet in regular monthly sessions to address the challenges of the Union and actively engage in meeting them.

B.4. EURASIA Russia, and Georgia The following are observations and comments on our missions from a trip your Executive Director/CEO took at the end of May 2019 to Russia in Eurasia.

Faith This trip was an eye-opening experience in meeting the faithful in these two countries where, contrary to other Diaspora communities, a long and deeply rooted large Armenian population resides. Although Armenians were established in Russia since the 18th century or earlier, the collapse of the Soviet Union and the economic breakdown that followed in Armenia led hundreds of thousands more Armenians to seek employment in Russia. As for Georgia, there has always been a large indigenous Armenian population in a region where in the aftermath of the Bolshevik Revolution of 1917, Moscow imposed artificial borders between the repub- lics of Armenia, Georgia and Azerbaijan in the Caucasus. There is an amazing spirit of faith in the limited circles of our mission with whom we interacted. At the same time, the vast majority of the population is unchurched, thus creating a huge void that needs to be filled in with the spread of the Word of God. In that sense, Georgia and Russia need our attention where the field is ripe for natural expansion.

Heritage Both Russia and Georgia compose the largest and closest Armenian communities to the Homeland and yet assimilation and ethnic erosion are serious national challenges with dire consequences. The AMAA alone will not save these communities. However, every effort within the realm of our mission in support of the spiritual needs of our people will also solidify the national heritage. All indications are that the Georgian government continues to deliberately ignore the physical development of the Armenian enclave of Javakhk. The Executive Director/CEO intends to develop a gradual expansion of our presence and support in the region.

B.5. Europe Fellowship Pursuing a resolution taken at a conference of the Europe Fellowship representatives in Paris in June 2018 to reactivate and reenergize the Fellowship, Rev. Gilbert Levonian, the Fellowship President in coordination with the AMAA Executive Director/CEO, embarked on a mission trip to member countries during the fiscal year being reported. The purpose of the trip was to evaluate the status of the ministries in Turkey, Greece, Bulgaria, Germany, Holland and Belgium, encourage the faithful, inspire the leadership and investigate their needs. AMAA supports all the Europe Fellowship ministries and wishes them well in their plans of growth and expansion for the glory of God, the dissemination of the Word of God and the preservation of our national identities.

C. CHALLENGES Our collective challenges in the sphere of the following areas continue, needs collective attention and serious consideration. -recruiting new spiritual church leadership -divisions and schism within the church -mobilization of the youth -communities at risk in the Near East, Eurasia and elsewhere Prayers, focus and action are all necessary.

15 2018/19

D. LETTERS AND MESSAGES A host of celebratory letters and/or messages of sympathy were addressed to churches, organizations, institutions, families and individuals marking various occasions.

E. GRATITUDE September 1, 2019 was the fifth anniversary of my employment at the AMAA in the service of God the Father. In the course of these five years, the most valuable prize I have been awarded is the spirit of gratitude to God that I have come to find not in the recipients of the goodness of the AMAA but in those who give from the heart directing all praise and gratitude to God Almighty. “Amen! Praise and glory and wisdom and thanks and honor and power and strength be to God for ever and ever. Amen!” Rev 7:11

I am humbled by all who have walked the journey with me realizing the goals of the Mission for yet another year. Thank you donors, Board and Committee members, volunteers and staff.

Sincere and heartfelt gratitude to all. Respectfully submitted, Zaven Khanjian, Executive Director/CEO

KCHAG - Christian Endeavor Summer Camp - Monteverdi (Beit Meri), Lebanon Lebanon 16 Treasurer’s Report 2018/19

It was my honor and privilege to serve as the Treasurer of the Armenian Missionary Association of America, Inc. (AMAA). The audited year-end financial results (Pages 71-91) show that the revenues from contributions, bequests and investments totaled $12.5 million in fiscal year ending July 31, 2019, down from $22.1 million from the year before. The operating expenses over the same period were $11.6 million, resulting in an increase in net assets of nearly $1.0 million. At year end, the market value of AMAA net assets was $185.8 million. The investment income, excluding rental income of $5.7 million, consists of dividends and interests plus capital gains on the securities portfolio. It was down from $14.1 million, the year before, reflecting more challenging market conditions. This primarily accounts for the year-over-year decline in the total revenue. The rental income accounted for an additional $1 million.I The revenue from contributions and bequests was $5.2 million, down from $6.0 million the year before. The AMAA spending on all evangelical programs including education, relief, assistance to churches and missions, leadership development and theological training continued unabated in over 20 countries. This year’s spending for operations, $11.6 million, includes the following: • $3.2 million for relief efforts in Armenia and the Middle East; • $1.8 million on education, including child education centers in Armenia, Avedisian School in Yerevan, scholarships for students in the United States, and a grant for consolidating Torosian School with Shamlian Tatigian in Bourj Hammoud, Lebanon; • $1.4 million for Haigazian University in Beirut, Lebanon; and, • $2.0 million for assistance to churches and missions, summer camps, leadership development programs and theological training, and on publications. The total disbursements on capital projects totaled $391,000 in the fiscal year and include spending for the construction of the Stepanavan Administrative building ($271,000) to be completed in 2020. This year’s financial statements were once again audited by the independent Certified Public Accounting firm of SAX LLP. The independent auditor’s comments and financial statements are included in the Annual Report (Pages 71-91). I encourage each member to review these statements, and direct your questions either to me or to Nerses Rastguelenian, the AMAA Controller. I am grateful to Dr. Michael Voskian, the Chairman and all the other members of the Investment Committee for their diligence and hard work. Most importantly, I thank God for the AMAA supporters whose generosity and volunteerism are the foundation of the organization. Their talents and dedication enables the AMAA to carry out its holy mission and vital services around the world. Respectfully Submitted, Nurhan Helvacian, Ph.D., Treasurer

Evangelical Church of Armenia in Vanadzor 17 2018/19 Director of Finance’s Report

I am excited about the information you are holding in your hands. It is a proof that God is faithful and His promises are as sure as the sunrise. This Annual Report celebrates what God has done over the past year as well as looks to the future with hearts full of ex- pectation. As we close the books for the year, we look at the lives changed, needs met, and vision fulfilled. What you will read in the rest of this Annual Report is a record of how God has blessed us financially, and how we have sought to be good stewards of those finances. Also, as you look through the information in this Report, it is so much more than numbers and pictures. It is a testimony of all that God has done. It represents individuals, families and communities. Yes, there are a lot of numbers. But every number has a name, everyI name has a story, and every story matters to God. We also want you to know that this Report is a “Thank you!” to all of you. God makes provision through His people. Thank you for your generosity, faithfulness and commitment to the vision God has laid out for the AMAA. On behalf of our Staff it is an honor to be family with you and to serve together for God’s Kingdom. “So, my dear brothers and sisters, be strong and immovable. Always work enthusiastically for the Lord, for you know that nothing you do for the Lord is ever useless.” I Corinthians 15:58 Serving Him together with you, Respectfully Submitted, Nerses Rastguelenian, Acting Director of Finance

Children of a family in Vazashen, a boarder village in Armenia. AMAA assisted the family to secure a safer house in the18 village. AMAA at a Glance 2018/19

The Armenian Missionary Association of America, Inc. (AMAA) is committed to excellence in all it does, because we work for our Lord. This is made possible through the grace of God, who provided people the will to sacrifice their time and financial resources. With God’s blessing and direction, we have become a strong, effective organization, understanding and reaching our communities around the world with Christian service relevant to our times.

AMAA has at heart the religious cultivation, spiritual growth and development of the Armenian people, enabling them to stand firmly in their Christian faith and to devote themselves to Christian mission expressed throughT the church, education and relief efforts. Therefore, the AMAA acts as an Armenian Evangelical missionary organization within the family of the Armenian Evangelical Church and the universal church of Jesus Christ.

AMAA was founded in 1918 in Worcester, MA and incorporated as a non-profit, charitable organization in 1920 in the State of New York. The AMAA is tax-exempt under Internal Revenue Code Section 501(c)(3).

AMAA’s purpose is to serve the physical and spiritual needs of people everywhere, both at home and around the world. To fulfill this worldwide mission, the AMAA maintains a range of educational, evangelistic, relief, social service, health care, church and child care ministries in 24 countries.

AMAA is governed by an elected Board of Directors composed of 27 unpaid members and has many other volunteers serving on its various committees. The AMAA also cooperates with many Armenian and non-Armenian organizations worldwide in accomplishing its mission. We appreciate all the time, talent, and effort put forth by these individuals and organizations allowing us to accomplish all that is necessary.

The mission and service ministry of the AMAA is made possible through the Grace of God and by the gifts of individuals, churches, and other organizations committed to fulfilling the Great Commission – “Go into all the world and preach the Gospel to all creation.” Mark 16:15

AMAA Armenia Internship 2019

19 2018/19 AMAA Serving the Needs of our

DURING THE FISCAL YEAR 2018-2019, WITH YOUR GENEROUS AND CHEERFUL CONTRIBUTIONS, THE FOLLOWING MINISTRIES WERE SUPPORTED BY THE AMAA THROUGHOUT THE WORLD

ARMENIA BRAZIL • Relief to families • Support the Armenian Evangelical Church of São Paulo • Sponsorship of 1,800 children & families • Distribution of Christian literature • Sponsorship of the elderly • Scholarships to College students • Health Care Center in Yerevan and Spitak • Relief to families • Dental Clinic in Vanadzor • Support for various development projects BULGARIA • Avedisian School operations in Yerevan • Support the Armenian Evangelical Churches • Scholarships to College & University students • Support Children and Youth Summer Camps • Operate Camp Sheen-Shoghig in Hankavan • Relief to families • Christian Education Programs in 33 locations • Distribution of Christian literature • Distribution of Infant Formula to needy babies • Distribution of over 1,500 knitted hats and blankets to CANADA needy infants and children • Support the Armenian Evangelical Church of • Christmas Programs and distribution of gifts to over Cambridge 10,000 children • Scholarships to College students • Publication and distribution of Bibles and Christian • Distribution of Christian literature literature • Relief to Syrian-Armenian refugees • Operation of the three “Shogh” after-school educational day centers CYPRUS • Tutorial programs in all AMAA Centers • Distribution of Christian literature • Support for the ministries of the Union of the Evangelical Churches and its 22-member churches and EGYPT fellowships • Support the Armenian Evangelical Church of Alexandria • Provide assistance to help Syrian-Armenian refugees • Distribution of Christian literature settle in Armenia FRANCE ABKHAZIA • Support Christian Camps • Support the ministry of the Armenian Evangelical Church • Financial aid to Panpere publication • Distribution of Christian literature • Support the general Ministries of the Armenian Evangelical Union of France ARGENTINA • Distribution of Christian literature • Relief to families and elderly people • Relief to retired teachers and pastors • Distribution of Bibles & devotional literature • Support the Armenian Evangelical Fellowship of Europe • Church and camp building renovations ARTSAKH • Relief to 200 orphans and needy children GEORGIA • Operate Camp Bedrosian in Shushi • Support the ministry of three Armenian Evangelical • Operation of the two “Shogh” after-school educational Churches day centers • Funding of Summer Youth Camp • Support Christian Education Programs for children and youth • Distribution of Infant Formula to needy babies • Operation of four Kindergartens • Distribution of Christian literature

AUSTRALIA • Distribution of Christian literature

BELGIUM • Support the Armenian Evangelical Church • Subsidize the salaries of ministers and Christian workers • Distribution of Christian literature Yeprem and Zabel Basmajian KG - Askeran, Artsakh 20 Communities Around the World 2018/19

• Relief to families • Distribution of Christian literature

GERMANY • Support the ministry in Eppingen, Kehl and Stuttgart • Distribution of Christian literature

GREECE • Support the ministries of two churches in Athens and Thessaloniki • Distribution of Christian literature

HOLLAND • Support missionary work in Armenian Communities • Distribution of Christian literature

IRAN* • Support the ministry of three local churches • Distribution of Christian literature Camp Arev - Frazier Park, CA • Support Arevik Youth Center IRAQ • Support social and relief services • Support the ministry of the Armenian Evangelical • Actively participate in Syria Armenian Relief Fund Church of Baghdad • Sustenance assistance to the Syrian-Armenians

LEBANON TURKEY • Support Haigazian University • Distribution of Christian literature • Support four High Schools • Support local Armenian Evangelical Churches • Support the Centers for the Armenian Handicapped • Support Daily Vacation Bible Schools UNITED STATES • Support Christian Endeavor Youth Camp (KCHAG) • Financial aid to Armenian Evangelical Churches & • Support the Armenian Evangelical Social Service Center Fellowships • Subsidize the salaries of pastors • Financial aid to Merdinian Armenian Evangelical & • Support youth ministries Sahag-Mesrob Schools • Relief to families • Financial aid to Theological students and interns • Relief to Syrian Armenian refugees in Lebanon • Financial aid to Ararat Home • Financial aid to Camp Arev and Camp Arevelk RUSSIA • Financial aid to the AEUNA’s Youth Ministry • Support the ministries of the Armenian Evangelical • Financial aid to AEUNA’s publication Churches of Moscow and Sochi • Scholarships to College and University students • Distribution of Christian literature • Organize Literary Contests • Distribution of Christian literature SYRIA* • Support four Elementary Schools and two Secondary URUGUAY Schools • Financial assistance to the local church • Financial aid to Daily Vacation Bible Schools • Relief provisions to families • Financial aid to churches • Distribution of Christian literature • Relief provision to retired teachers • Financial aid to the Association for the Armenian Blind OTHER COUNTRIES • Financial aid to the Armenian Old Age Home of Aleppo • Emergency relief aid for victims of natural disasters • Subsidize the salaries of pastors • Support new ministries in other countries • Support the medical and dental clinics of Christ’s Church in Aleppo * Financial assistance to Syria and Iran has been suspended since Fall 2018, in consideration of US sanctions regulations. AMAA has requested interpretive guidance from Department of the Treasury’s Office of Foreign Asset Control (OFAC) concerning its Syria and Iran related activities and is awaiting a response. AMAA continues to support Syrian Armenian refuges in Lebanon and Armenia and hopes to be able to resume assistance to Syria and Iran as soon as clearance is received from OFAC.

21 2018/19 AMAA Ministries

The Mission of the Armenian Missionary Association of America (AMAA) remains focused on improving the quality of life by providing assistance in the following areas:

▪ Churches and Missions ▪ Education ▪ Evangelism and Discipleship ▪ Humanitarian Relief Programs

On-going fundraising and program implementation from the AMAA Board, Executive Director/CEO and staff both in the United States and Armenia made great efforts to implement and participate in the following projects and programs during the fiscal year:

AMAA Centennial Campaign

Kicked off in 2016, “Faithful to Our Legacy, Embracing the Future” has been the central theme for the Centennial Capital Campaign. Fund-raising toward a $20 million goal to increase scope and impact has been ongoing and will last through the end of 2019. At the October 2019 AMAA Annual Banquet, Executive Director/CEO Zaven Khanjian stated in his speech: “God has called on the AMAA to face the spiritual and humanitarian challenges of our people and assume a leadership role. We have collectively and positively answered the call. And, through your righteous giving, you continue to make it happen. You are an integral part of the legacy of Love, Faith and Service. As our eyes look up at the Great Commission of ‘Go into all the world and preach the gospel to all creation’ Mark 16:15, the march goes on. AMAA remains committed to the vision of embracing a future of changed lives for thousands of people.”

Churches and Missions

Sunday School - Armenian Evang’l Church of Moscow Armenian Evang’l Emmanuel Church - Aleppo, Syria The AMAA was established through the vision of Armenian Evangelical Churches in the United States for missions and they became the mainstay of support for its programs. Today, with so much turmoil and dislocation, the opportunity is there to reach so many with the hope of our faith. The AMAA continues to support 120 Armenian Evangelical Churches and Fellowships around the world where the Gospel is preached.

22 AMAA Ministries 2018/19

Evangelism and Discipleship Teach, preach, and be a witness to all nations — this is Evangelism. It was the vital command that Jesus gave to His disciples. The AMAA has faithfully followed Christ’s instruction and supports Evangelistic programs which include: Bible Study groups, Child Evangelism, Summer Camps, Daily Vacation Bible Schools, missionary outreaches, and distribution of Bibles and Christian literature. The AMAA has also instituted many training programs for pastors in Armenia to better equip them in reaching people with the Gospel. Through these programs and outreach, not only has the AMAA changed the lives of thousands of people, but it has also inspired hope for future generations. Bringing people DVBS at the Armenian Evangelical Bethel Church the Good News of eternal life in Christ is the Aleppo, Syria best and most important part of all that the AMAA does.

Humanitarian Relief Meeting the needs of the impoverished is a command of the Lord, as we read in Matthew 25, especially with respect to caring for those whose conditions are most destitute. The AMAA accepts this command very seriously and has provided relief aid and humanitarian services to thousands of people around the world, including those affected by wars or natural disasters. Together with the support of its members, friends and partner organizations, the AMAA provides food for the hungry, shelter to the homeless, medical care for the sick, care for the children and elderly and love to those who are desperate and hopeless. Thousands of needy children and their families are sponsored. Social service offices provide support and medical clinics have improved the health of many families. These services were rendered not only in response to the needs, but also in response to God’s calling. AMAA — caring for the least of our brothers and sisters in Christ since 1918. Assisting children of needy families in Armenia 23 2018/19 AMAA Ministries

Education Access to a quality education is one of the most important asset which can be provided to an individual. Armenian Evangelicals have long been pioneers in establishing exceptional schools and colleges. Education is not only key to improving lives of those we serve, it preserves our proud heritage, teaches our language and prepares tomorrow’s leaders of our society. The AMAA currently supports 28 Armenian Evangelical Schools and Educational Institutions in Armenia, the Middle East and North America. Over 1,000 needy students receive annual tuition-aid. The Khoren and Shooshanig Avedisian School in Yerevan, Armenia is entirely funded by the AMAA, while Haigazian University in Beirut, Lebanon, the only institution of higher education in the Armenian Diaspora, receives funding from the AMAA. Each year, approximately 150 college students in the United States and Armenia receive scholarships, making it possible for them to receive a higher education. The AMAA has also seen rapid growth within our educational SHOGH Day Centers. The mission of the five SHOGH Centers, found in Yerevan, Vanadzor, Gyumri, Askeran and Shushi, is to help vulnerable children enjoy learning, improve their academics, acquire life skills, and grow into productive and fulfilled citizens. Through the help of the AMAA, our young generation is prepared to meet the challenges as they become successful clergymen, teachers, businessmen and businesswomen, diplomats, lawyers, social workers and professionals, and as they grow not only economically, but morally and spiritually.

Bible Day at the C & E Merdinian Armenian Evangelical Haigazian University Class of 2019 - Beirut, Lebanon School - Sherman Oaks, CA

24 Financial Reports 2018/19

Report of Management

Management is responsible for the accompanying consolidated financial statements, related notes thereto, and all other financial information presented herein. The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America. In management’s opinion, the consolidated financial statements present fairly the organization’s financial position, results of operations, and cash flows. In addition, information and repre- sentations included in the organization’s Annual Report are consistent with the financial statements.

The organization maintains a system of internal accounting policies, procedures, and controls intended to provide reasonable assurance at appropriate costs, given the inherent limitations of all internal control systems, that transactions are executed in accordance with organization authoriza- tion, are properly recorded and reported in the financial statements, and that assets are adequately safeguarded. The organization’s independent accountants continually evaluate the adequacy and effectiveness of this system of internal accounting policies, procedures, and controls to the extent required under generally accepted auditing standards. Management takes the appropriate actions to correct deficiencies as they are identified.

The Audit Committee of the Board of Directors is composed solely of non-employee members and is responsible for overseeing and monitoring the quality of the organization’s accounting and control practices. The Audit Committee meets throughout the year with management and the independent accountants to discuss audit activities, internal controls, and financial reporting matters. The Audit Committee reports its activities to the Board of Directors. The independent accountants have unrestricted access to the Audit Committee, without the presence of management.

Zaven Khanjian Executive Director/CEO

25 2018/19

Armenian Missionary Association Of America Operating And Capital Budgets For Fiscal Years Ending July 31, 2020 And 2019

Operating Budget Budget Budget 2019-20 2018-2019 Fluctuation Operating Revenue: Anticipated Contributions $ 3,200,000 $ 3,182,050 $ 17,950 Appropriation From Investment Income 6,281,083 6,134,114 146,969 Total operating Revenue 9,481,083 9,316,164 164,919

Operating Expenses: Education 2,390,937 2,252,764 138,173 Armenia Relief 2,760,359 2,632,226 128,133 Other Relief 441,562 441,909 (347) Evangelism 441,233 451,846 (10,613) Church & Missions 1,119,960 1,101,090 18,870 Leadership Develop. & Theol. Training 92,000 84,000 8,000 Publications/ Book Service 195,000 182,500 12,500 Administration/ Support Services 1,745,607 1,743,093 2,514 Auxiliary Activities 365,000 585,000 (220,000) Total Operating Expenses 9,551,658 9,474,428 77,230

Net Surplus/(Deficit) W/O Depreciation (70,575) (158,264) 87,689

Capital Budget 2019-2020 2018-2019 Total Project Budget Amount Budget Amount Budget* Vanatzor Shogh Center Purchase Of New Building $ 200,000 $ 200,000 Vanatzor Center Central Heating System 35,938 35,938 Vanatzor Clinic Parsonage Renovation 26,946 26,946 Shiragamout Construction Of Three Rooms 5,313 5,313 Shiragamout Water Drainage System 10,625 10,625 Ijevan Center Sanctuary Renovation 61,342 61,342 Ijevan Center Sanctuary Furniture 13,868 13,868 Shoghik Hankavan Camp Reconstruction (a) 311,489 311,489 Shoghik Hankavan Camp Dining Room (a) 22,170 22,170 Hankavan Renovation Of Cabanas 5,319 5,319 Shushi Bedrosian Camp Landscaping 20,234 20,234 Shushi Bedrosian Camp Hot Water For Children's Dorm 4,995 4,995 Shushi Bedrosian Camp Auditorium Heating System 3,333 3,333 Shushi Bedrosian Camp Stair Rails Near Auditorium 2,160 2,160

26 2018/19

Shushi Shogh Expansion 159,043 159,043 Askeran Windows 4,792 4,792 Abovyan Apartment Central Heating System 2,660 2,660 Nigol Duman Clinic Renovation 18,438 18,438 Yerevan Aynilian Clinic Renovation 7,948 7,948 Gyumri Church and Center 200,000 200,000 South West District Church Construction 100,000 100,000 Ijevan Center Renovation 50,625 75,000 90,894 Camp Hankavan Dining Hall 400,000 400,000 Jambazian Kindergarten Renovation 20,000 20,000 Gyumri Parsonage Renovation 17,000 17,000 Abovyan Street Home Renovation 12,000 12,000 Shushi Camp 98,568 95,000 154,638 Stepanavan Administrative Building 370,053 500,000 822,340 Sisian Center Renovation 22,000 22,000 Paramus Headquarters Renovation 75,000 75,000 75,000 Church Renovations (Executive Director Discretion) 75,000 75,000 Total 1,510,859 1,591,000 2,905,485

(a) Project subject to raising funds

* Total project budget may be comprised of several years and may not reflect the total of the two years shown.

2018/19

Independent Auditor's Report

Board of Directors Armenian Missionary Association of America, Inc.

Report on the Financial Statements

We have audited the accompanying financialIndependent statements Auditor's of Armenian Report Missionary Association of America, which comprise statements of financial position as of July 31, 2019 and 2018, and the related statements ofBoard activities of Directors and changes in net assets and cash flows for the years then ended, and the related notes to theArmenian financial Missionary statements. Association of America, Inc.

Management’sReport on the Financial Responsibility Statements for the Financial Statements

ManagementWe have audited is responsible the accompanying for the financialpreparation statements and fair of presentation Armenian Missionary of these Associationfinancial statements of America, in accordancewhich comprise with statements accounting of principles financial generallyposition as accepted of July 31, in the2019 United and 2018, States and of theAmerica; related this statements includes theof activities design, andimplementation, changes in net and assets maintenance and cash offlows internal for the control years relevantthen ended, to the and preparation the related notesand fair to presentationthe financial statements.of financial statements that are free from material misstatement, whether due to fraud or error. Management’s Responsibility for the Financial Statements Auditor’s Responsibility Management is responsible for the preparation and fair presentation of these financial statements in Ouraccordance responsibility with accounting is to express principles an opinion generally on acceptedthese financial in the Unitedstatements States based of America; on our this audits. includes We conductedthe design, our implementation, audits in accordance and maintenance with auditing of standardsinternal control generally relevant accepted to the in thepreparation United Statesand fair of America.presentation Those of financial standards statements require that that we are plan free and from perform material the misstatement,audits to obtain whether reasonable due toassurance fraud or abouterror. whether the financial statements are free of material misstatement.

Auditor’sAn audit involves Responsibility performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessmentOur responsibility of the isrisks to expressof material an misstatementopinion on these of the financial financial statements statements, based whether on dueour audits.to fraud We or error.conducted In making our audits those in riskaccordance assessments, with auditing the auditor standards considers generally internal accepted control inrelevant the United to the States entity’s of preparationAmerica. Those and fair standards presentation require of thatthe financialwe plan statementsand perform in the order audits to design to obtain audit reasonable procedures assurance that are appropriateabout whether in thethe circumstances,financial statements but not are for free the of purpose material of misstatement. expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating theAn auditappropriateness involves performing of accounting procedures policies to obtain used auditand evidencethe reasonableness about the amounts of significant and disclosures accounting in esthetimates financial made statements. by management, The procedures as well selected as evaluating depend theon overallthe auditor’s presentation judgment, of includingthe financial the statements.assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s Wepreparation believe thatand thefair auditpresentation evidence of wethe havefinancial obtained statements is sufficient in order and to appropriate design audit to procedures provide a basis that arefor ourappropriate audit opinion. in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating Opinionthe appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial Instatements. our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Armenian Missionary Association of America as of July 31, 2019 and 2018, and the resultsWe believe of its that operations the audit andevidence its cash we haveflows obtainedfor the yearsis sufficient then endedand appropriate in accordance to provide with accountinga basis for principlesour audit opinion. generally accepted in the United States of America.

Opinion

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Armenian Missionary Association of America as of July 31, 2019 and 2018, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.

Board of Directors Armenian Missionary Association of America, Inc. Page 2 2018/19

Emphasis of Matter Board of Directors AsArmenian discussed Missionary in note Association 2, during fiscal of America, year ended Inc. July 31, 2019, the Organization adopted Accounting StandardsPage 2 Update (“ASU”) No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Not-for Profit Entities. Our opinion is not modified with respect to that matter. Emphasis of Matter

As discussed in note 2, during fiscal year ended July 31, 2019, the Organization adopted Accounting Standards Update (“ASU”) No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Not-for Profit Entities.Clifton, New Our Jersey opinion is not modified with respect to that matter. October 3, 2019

Clifton, New Jersey October 3, 2019

2018/19

Armenian Missionary Association of America, Inc. Statements of Financial Position The Armenian Missionary As of July 31, 2019 and 2018 Association of America (AMAA) emphasizes full ASSETS 2019 2018 financial disclosure, accountability and Cash $ 571,835 $ 317,934 Pledges receivable, less allowance for doubtful pledges careful stewardship. of $214,946 in 2019 and 2018 (Note 3) 896,057 1,654,810 Loans and mortgages receivable, less allowance for doubtful accounts of $350,500 in 2019 and 2018 (Note 6) 1,445,419 1,492,266 Other receivables and prepaid expenses 313,398 572,366

Total Cash, Receivables and Prepaid Expenses 3,226,709 4,037,376

Investments: (Note 4) Cash equivalents 23,251,126 20,910,779 NET ASSETS Corporate stocks 102,713,237 102,724,423 Bonds and notes 5,787,657 7,032,893 OF THE AMAA Real estate 29,292,499 29,292,499 Total Investments 161,044,519 159,960,594

186 Land, buildings, and equipment at cost, less 185 accumulated depreciation of $7,847,702 in 2019 and $6,977,429 in 2018 (Note 7) 24,091,439 24,448,388

Total Assets $ 188,362,667 $ 188,446,358

175 LIABILITIES AND NET ASSETS

Liabilities Accounts payable and accrued expenses $ - $ 490,474 Custodial accounts (Note 8) 2,288,651 2,895,473 166 166 Other liabilities 286,939 244,210 Total Liabilities 2,575,590 3,630,157

Net Assets Without Donor Restrictions (Note 9) Undesignated 26,135,152 26,096,270 With Donor Restrictions (Note 10) 159,651,925 158,719,931

2015 2016 2017 2018 2019 Total Net Assets 185,787,077 184,816,201

Total Liabilities and Net Assets $ 188,362,667 $ 188,446,358 The notes to the financial statements are an integral part of these statements. The steadfast love of the LORD never ceases; his mercies never come to an end; they are new every morning; great is your faithfulness. Lamentations 3:22-23

The Notes to the financial statements are an integral part of these statements.

30 2018/19

Armenian Missionary Association of America, Inc. Statement of Activities and Changes in Net Assets For the Year Ended July 31, 2019

Without Donor With Donor Restrictions Restrictions Total

Revenues, Gains & Other Support

Contributions and bequests $ 3,559,346 $ 1,686,669 $ 5,246,015 Pledges - 161,000 161,000 Investment income (Note 4) 214,557 6,450,450 6,665,007 Miscellaneous income 248,091 217,500 465,591 Net assets released from restrictions - Satisfaction of program objectives 7,583,625 (7,583,625) -

Total Revenues, Gains & Other Support 11,605,619 931,994 12,537,613

Program Services

Education Child education $ 1,495,383 $ - $ 1,495,383 General scholarship 354,083 - 354,083 Haigazian University of Beirut 1,355,001 - 1,355,001 Relief 3,213,769 - 3,213,769 Evangelism 538,845 - 538,845 Churches and missions 1,228,009 - 1,228,009 Leadership and theological training 79,408 - 79,408 Publications 155,306 - 155,306

Supporting Services

Travel and hospitality 48,199 - 48,199 Legal and professional fees 186,620 - 186,620 Office administration 1,530,597 - 1,530,597 Auxiliary activities 511,244 - 511,244 Depreciation 870,273 - 870,273

Total Expenses 11,566,737 - 11,566,737

Change in Net Assets 38,882 931,994 970,876

Net Assets at Beginning of Year 26,096,270 158,719,931 184,816,201

Net Assets at Year-End $ 26,135,152 $ 159,651,925 $ 185,787,077 The Notes to the financial statements are an integral part of these statements.

HOW INCOME WAS RECEIVED...... HOW IT WAS SPENT Percentage of Income Percentage of Expenses Supporting Services Miscellaneous Income 3.71% 27% Leadership/Theological Training Relief 1% 28% Investment Income 7.98% The notes to the financial statements are an integral part of thesePublications statements. 1% Contributions 43.13% Churches & Missions 11% Education Realized/Unrealized Gains 45.18% Evangelism 28% 5% 31 2018/19

Armenian Missionary Association of America, Inc. Statement of Activities and Changes in Net Assets For the Year Ended July 31, 2018

Without Donor With Donor Restrictions Restrictions Total

Revenues, Gains & Other Support

Contributions and bequests $ 2,794,739 $ 3,239,688 $ 6,034,427 Pledges 322,000 - 322,000 Investment income (Note 4) 207,991 14,862,648 15,070,639 Miscellaneous income 285,770 349,661 635,431 Net assets released from restrictions - Satisfaction of program objectives 6,953,315 (6,953,315) -

Total Revenues, Gains & Other Support 10,563,815 11,498,682 22,062,497

Program Services

Education Child education $ 1,753,211 $ - $ 1,753,211 General scholarship 316,303 - 316,303 Haigazian University of Beirut 1,510,387 - 1,510,387 Relief 3,365,484 - 3,365,484 Evangelism 431,875 - 431,875 Churches and missions 1,222,260 - 1,222,260 Leadership and theological training 84,865 - 84,865 Publications 160,837 - 160,837

Supporting Services

Travel and hospitality 65,035 - 65,035 Legal and professional fees 116,045 - 116,045 Office administration 1,555,411 - 1,555,411 Auxiliary activities 452,842 - 452,842 Depreciation 1,592,088 - 1,592,088

Total Expenses 12,626,643 - 12,626,643

Change in Net Assets (2,062,828) 11,498,682 9,435,854

Net Assets at Beginning of Year (Note 2) 28,159,098 147,221,249 175,380,347

Net Assets at Year-End $ 26,096,270 $ 158,719,931 $ 184,816,201

The Notes to the financial statements are an integral part of these statements.

32 The notes to the financial statements are an integral part of these statements. 2018/19

Armenian Missionary Association of America, Inc. Statements of Cash Flows For the Years Ended July 31, 2019 and 2018

2019 2018 Cash flows from operating activities: Change in net assets $ 970,876 $ 9,435,854 Adjustment to reconcile change in net assets to net cash from operating activities: Depreciation 870,273 1,592,088 Net realized (gains)/losses on investments 347,874 (10,805,811) Net unrealized (gains)/losses on investments (3,176,973) (513,002) (Increase)/decrease in pledges receivables 758,753 1,177,297 (Increase)/decrease in loans and mortgages receivable 46,847 (266,707) (Increase)/decrease in other receivables and prepaid expenses 258,968 (260,634) Increase/(decrease) in accounts payable and accrued expense (490,474) 449,164 Increase/(decrease) in custodial accounts (606,822) (527,581) Increase/(decrease) in other liabilities 42,729 106,657 Contributions with donor restrictions (927,880) (2,623,144) Net cash flows from operating activities (1,905,829) (2,235,819)

Cash flows used in investing activities: Purchases of securities investments (65,282,380) (60,821,681) Sales of securities investments 67,027,554 61,290,973 (Increase)/decrease in fixed assets (513,324) (857,583) Net cash flows used in investing activities 1,231,850 (388,291)

Cash flows from financing activities: Proceeds from contributions restricted for investments in endowments 927,880 2,623,144

Net increase/(decrease) in cash 253,901 (966)

Cash at beginning of year 317,934 318,900

Cash at end of year $ 571,835 $ 317,934

The Notes to the financial statements are an integral part of these statements.

33 The notes to the financial statements are an integral part of these statements. 2018/19

Armenian Missionary Association of America, Inc. Notes to the Financial Statements July 31, 2019

Note 1 – Organization

The Armenian Missionary Association of America, Inc. (AMAA) was founded in Worcester, Mass. in 1918 and incorporated on October 21, 1920, as a non-profit organization in the state of New York. On November 11, 1972, it relocated and continued its operations in New Jersey. The AMAA also maintains a regional office in Armenia.

The primary objective of the AMAA is to serve as the missionary arm of the Armenian Evangelical Churches and the Armenian evangelical people in the United States and abroad. The AMAA supports programs in over 20 countries, primarily in Armenia and the Middle East. In addition to general-purpose grants and contributions, the AMAA accepts endowment and trust funds with designated purposes and administers them.

Note 2 – Summary of Significant Accounting Policies

Basis of Presentation

The accompanying financial statements of the AMAA have been prepared in conformity with accounting principles generally accepted in the United States of America. They include the assets, liabilities, net assets, and financial activities of the AMAA. All inter-fund transactions for the fiscal years and resulting balances as of July 31, 2019 and 2018 have been eliminated. The significant accounting policies followed are described below to enhance the usefulness of the financial statements to the reader.

The financial statements are presented in accordance with the provisions of Accounting Standards Update (ASU) 2016-14 Not-For-Profit Entities (Topic 958). Presentation of Financial Statements of Not-For Profit Entities. ASU 2016-14 requires the organization to report information regarding its financial position and activities according to two classes of net assets. Net assets without donor restrictions and net assets with donor restrictions. The net asset without donor restrictions category represents net assets that are not subject to donor-imposed restrictions and the net asset with donor restrictions category represents net assets that are subject to time or purpose donor-imposed restrictions.

Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Actual results could differ from those estimates.

Cash Equivalents

The Organization considers all highly liquid investments purchased with an original maturity or remaining maturity of three months or less to be cash equivalents.

Contributions

Contributions, including unconditional promises to give (pledges), are recognized in the period received. Conditional promises are not recognized until they become unconditional, that is when the conditions on which they depend are substantially met. All contributions are considered to be available for unrestricted use unless specifically restricted by the donor. When a restriction by the donor expires, net assets with donor restrictions are reclassified to net assets without donor restrictions and reported in the statements of activities as net assets released from restrictions. The Board designates large contributions received without donor restrictions for specific purposes in accordance with AMAA by-laws.

Pledges Receivable

The AMAA accounts for pledges receivable in accordance with the recommendations of the Financial Accounting Standards Board Accounting Standards Codification Topic 958, “Not-For-Profit Entities.” Accordingly, all pledged contributions are recognized when the donor makes an unconditional promise to give to the AMAA. Pledges receivable over one year are discounted to present value. Contributions that are restricted by the donor are reported as increases in unrestricted net assets if the restrictions are anticipated to expire in the fiscal year in which the

34 2018/19

Note 2 – Summary of Significant Accounting Policies - Continued contributions are recognized. All other donor-restricted contributions are reported as increases in net assets with donor restrictions. When a restriction expires, net assets are reclassified to net assets without donor restrictions and reported in the statement of activities as net assets released from restrictions.

The AMAA uses the allowance method to determine uncollectible pledges receivable. The allowance is based on prior years’ experience and management's analysis of specific promises made.

Other Receivables

Interest receivable consists primarily of accrued interest receivable on loans and securities.

Loans receivable consists primarily of various loans provided to enable Armenian Evangelical churches and schools to make expenditures related to their non-profit purposes. Loans are generally made at favorable interest rates. Interest income is recorded based on repayment terms and interest rate.

Allowances for doubtful accounts consist of allowances established for receivables deemed uncollectible.

Investments

Investments are reported at fair value, except for certain real estate investments that, as a practical expedient, are reported at acquisition value.

Cash equivalents consist of money market funds and U.S. Treasury Bills.

Corporate stocks are invested in marketable securities of trust or higher quality. In calculating realized gains/losses for specific stocks, the fair market value as of the prior year-end is used as the cost basis.

Bonds and notes consist of obligations of federal agencies and corporations with maturity dates ranging from zero to 36 years. Bond mutual funds are liquid and marketable and therefore are assigned a zero-maturity date in the aggregate.

Gains or losses arising from the sale or disposition of investments and other non-cash assets are accounted for in accordance with the underlying classification based on donor restrictions.

Fair Value of Financial Instruments

The carrying amounts of financial instruments, including cash, cash equivalents, pledges receivable, other receivables, and accounts payable and accrued expenses approximates fair value due to the short maturity of these instruments. The carrying amounts of custodial accounts liability approximates the fair value of related underlying investment accounts.

Endowment Funds

The AMAA’s endowment consists of approximately 2,200 individual donor-restricted funds established for a variety of purposes. As required by accounting principles generally accepted in the United States of America, net assets associated with endowment funds, are classified and reported based on the existence or absence of donor-imposed restrictions.

The AMAA has interpreted the Uniform Prudent Management of Institutional Funds Act (UPMIFA) as requiring the preservation of the fair value of the original gift as of the gift date of the donor-restricted endowment funds and additional contributions to those funds, absent explicit donor stipulations to the contrary. As permitted by donor- imposition, the remaining portion of the donor-restricted endowment fund remains classified in net assets with donor restriction until those amounts are appropriated for expenditure by the AMAA in a manner consistent with the standard of prudence prescribed by UPMIFA.

The AMAA has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the original corpus of the endowment assets. Endowment assets include those assets of donor-restricted funds that the AMAA must hold in perpetuity or for a donor-specified period. Under this policy, as approved by the Board of Directors, the endowment assets are invested in a manner that is intended to produce results that meet or exceed the yield results of accepted

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Note 2 – Summary of Significant Accounting Policies - Continued

market indices while assuming a moderate level of investment risk. Actual returns in any given year will vary. To satisfy its long-term rate-of-return objectives, the AMAA relies on a total return strategy in which investment returns are achieved through both capital appreciation (realized and unrealized) and current yield (interest and dividends). The AMAA targets a diversified asset allocation to achieve its long-term return objectives within prudent risk constraints.

The AMAA has a policy of appropriating for distribution each year a percentage of the endowment fund balance, based on an average of the prior 12 quarters. For the upcoming fiscal year, the AMAA has set the percentage at 4.5%. These funds are permitted to be expended in accordance with donor-imposed stipulations. The AMAA’s objective is to maintain the purchasing power of the endowment assets held in perpetuity or for a specified term as well as to provide additional real growth through new gifts and investment return, while utilizing a portion of the earnings.

Real Estate Investments

Real estate investments have been acquired through donations or by the expenditure of net assets with or without donor restriction. These investments are primarily in mission and service facilities in various parts of the world and are maintained for the furtherance of the wider mission of the AMAA. These investments also include income- producing commercial properties in California, which were received as donations.

Fixed Assets and Depreciation

Fixed assets (land, buildings, and equipment) are valued at cost less accumulated depreciation. Depreciation is calculated using the straight-line method with estimated useful lives of the respective assets varying from three to thirty years. Purchases of fixed assets costing over $25,000 with a useful life greater than one year are capitalized in the financial statements. Fixed assets (land, buildings, and equipment) are valued at cost less accumulated depreciation. Depreciation is calculated using the straight-line method with estimated useful lives of the respective assets varying from three to thirty years. Purchases of fixed assets costing over $25,000 with a useful life greater than one year are capitalized in the financial statements.

The Organization reviews the carrying value of property and equipment for impairment whenever events and circumstances indicate that the carrying value of an asset may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition.

Long Lived Assets

The Organization assesses whether there has been impairment in the value of its long-lived assets whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount to the future net cash flows, undiscounted and without interest, expected to be generated by the asset. If such assets are considered to be impaired, the amount of impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported as the lower of the carrying amount or fair value, less costs to sell. Management believes no impairment in the net carrying values of the investments in real estate has occurred for the periods presented.

Historical Collections and Other Non-Cash Contributions

Non-Cash (In-Kind) contributions, other than real estate, including certain historical books, art objects, and other artifacts received by the AMAA are not capitalized in the financial statements. The amounts are not material to the financial statements taken as a whole.

Income Tax Status

The AMAA is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and is not classified as a private foundation.

The AMAA adopted the “Accounting for Uncertainty in Income Taxes” Topic of the Financial Accounting Standards Board Accounting Standards Codification (formerly FIN 48). Tax positions are evaluated to determine whether, upon examination by taxing authorities, such positions would result in an assessment of a tax liability. For tax positions that, in management’s opinion, would result in an assessment, a tax liability along with any associated interest and

36 2018/19

Note 2 – Summary of Significant Accounting Policies – Continued penalties would be recognized in the accompanying statement of financial position. The AMAA recognizes interest and penalties associated with unrecognized tax liabilities as operating expenses. This standard has no material impact to the financial statements.

Reclassifications

Certain reclassifications have been made to the prior year amounts to conform to the current year presentation.

Risk Management and Uncertainties

Due to the prohibitive cost of obtaining hazard insurance on AMAA real estate holdings in certain foreign countries, including Armenia, AMAA has adopted a policy of self-insurance. While self-insurance involves modest risk, Management feels it is a cost-effective alternative and due to the geographic diversity of the properties, it does not believe any single catastrophic event will have a material impact on the financial position of the AMAA. This policy is applicable to certain real estate investment holdings (Note 5) and certain Land, buildings and Equipment used by AMAA in its mission (Note 7).

The AMAA maintains cash balances at several financial institutions. From time to time, the AMAA’s balances exceed the federally insured limits. Deposits with broker-dealers are insured up to $500,000 by the Securities Investor Protections Corporation. The AMAA maintains balances with brokers which are in excess of these limits.

The AMAA holds investments which are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investments, it is at least reasonably possible that changes in the value of investments will occur in the near term and that such changes could materially affect the fair market value of investments reported in the statement of financial position.

Functional Allocation of Expenses

Expenses incurred to directly carry out program activities are allocated to the applicable programs on a specific identification basis.

Change in Accounting Principle and Retrospective Restatement

Effective August 1, 2018, the Organization adopted the provisions of ASU No. 2016-14 -Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities. This update addresses the complexity and understandability of net asset classification, deficiencies in information about liquidity and availability of resources, and the lack of consistency in the type of information provided about expenses and investment return. The presentation in these financial statements has been adjusted accordingly and net assets as of August 1, 2017 were retrospectively restated. Due to the adoption of ASU 2016-14, the Organization reclassified net assets previously reflected as unrestricted net assets to net assets without donor restrictions and net assets previously reflected as temporarily and permanently restricted net assets were reclassified to net assets with donor restrictions. In addition, certain assets and interfund balances were adjusted resulting in an increase to net assets without donor restrictions and a corresponding decrease of net assets with donor restrictions totaling $9,588,687. The reclass was due to the elimination of inter-fund balances which represents the expenditure of resources, principally for capital projects, in prior periods. This reclassification did not impact the Organizations total net assets as of August 1, 2017. The provision also necessitated the addition of Note 13 – Liquidity and Availability for General Expenditure and Note 14 – Functional Expenses.

Subsequent Events

AMAA evaluated subsequent events through October 3, 2019, the date the financial statements were available to be issued.

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Note 3 – Pledges Receivable

The aggregate maturities of the pledges receivable are as follows:

July 31, 2019 July 31, 2018 Less than one year $ 92,000 $ 246,663 One to five years 806,341 1,129,541 Over five years 212,662 493,552 Total 1,111,003 1,869,756 Less: Allowance for doubtful pledges (214,946) (214,946) Net Pledges Receivable $ 896,057 $ 1,654,810

Note 4 – Investments

The AMAA’s portfolio consists of various types of investments. The primary investment category is corporate stocks representing 74% and 73% of the portfolio in fiscal years ending July 31, 2019 and July 31, 2018, respectively. These investments are primarily considered available for sale. The AMAA believes that this concentration risk is limited since investments are intended to be held long-term.

Market Concentrations – Corporate Stocks – 2019 The AMAA’s corporate stock portfolio is invested in various asset classes and industries. The more significant at July 31, 2019 include: Information Technology (12.7% of total market value); Financials (11.0%); Healthcare (8.6%); Telecommunications (8.2%); Industrials (7.0%); Consumer Discretionary (4.7%). Other key industries represented include: Consumer Staples, Energy, Materials, Real Estate, and Utilities.

The largest individual stock investment at July 31, 2019 is Microsoft Corp. (3.2% of equity portfolio) followed by Apple Inc. (2.7%) and First Real Estate Inv. Trust (2.6%).

Market Concentrations – Corporate Stocks – 2018 The AMAA’s corporate stock portfolio is invested in various asset classes and industries. The more significant at July 31, 2018 include: Information Technology (23.6% of total market value); Financials (17.7%); Healthcare (15.8%); Industrials (11.9%); Consumer Discretionary (11.0%). Other key industries represented include: Consumer Staples, Energy, Materials, Telecommunications, Real Estate and Utilities.

The largest individual stock investment at July 31, 2018 is Apple Inc. (3.4% of equity portfolio) followed by Boeing Co. (3.3%) and Amazon (3.2%).

Maturities – Bonds and Notes The aggregate maturities of the federal agencies and corporate bonds are as follows:

July 31, 2019 July 31, 2018 Less than one year $ 998,887 $ 90,857 One to two years 499,413 492,783 Over two to three years 199,937 100,081 Over three to four years 99,238 4,846 Over four to five years - 192,468 Over five to ten years 199,282 390,386 Over ten years 3,790,900 5,761,472 Total $ 5,787,657 $ 7,032,893

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Note 4 – Investments – Continued

Return on Investments Investment and other income for fiscal year 2019 as compared to 2018 are as follows:

July 31, 2019 Without Donor With Donor Restrictions Restrictions Total Rental $ 205,718 $ 795,168 $ 1,000,886 Dividends and Interest 9,609 2,825,413 2,835,022 Net realized gains (losses) on investments (727) (347,147) (347,874) Net unrealized gains (losses) on investments 25 3,176,948 3,176,973 Total $ 214,625 $ 6,450,382 $ 6,665,007

Net realized gains (losses) amounted to ($347,874), reflecting selling prices above (below) their fair market value as of the prior year-end. Net unrealized gains, the change in the fair market value at July 31, 2019 compared to the fair market value for securities investments at July 31, 2018, were $3,176,973.

July 31, 2018 Without Donor With Donor Restrictions Restrictions Total Rental $ 192,128 $ 776,422 $ 968,550 Dividends and Interest 3,276 2,780,000 2,783,276 Net realized gains (losses) on investments (3,387) 516,389 513,002 Net unrealized gains (losses) on investments - 10,805,811 10,805,811 Total $ 192,017 $ 14,878,622 $ 15,070,639

Net realized gains (losses) amounted to $516,389, reflecting selling prices above (below) their fair market value as of the prior year-end. Net unrealized gains, the change in the fair market value at July 31, 2018 compared to the fair market value for securities investments at July 31, 2017, were $10,805,811.

Endowment Funds Changes in endowment net assets for the fiscal year ended July 31, 2019 are as follows:

Donor Restricted Endowment- Endowment- General Specific Purpose Total Endowment net assets, beginning of year $ 105,812,971 $ 21,764,654 $ 127,577,625 Investment income 4,689,864 964,657 5,654,521 Contributions 695,320 232,560 927,880 Appropriation of endowment assets for expenditure (3,281,160) (1,441,045) (4,722,205) Endowment net assets, end of year $ 107,916,995 $ 21,520,826 $ 129,437,821

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Note 4 – Investments – Continued

Changes in endowment net assets for the fiscal year ended July 31, 2018 are as follows:

Donor Restricted Endowment- Endowment- General Specific Purpose Total Endowment net assets, beginning of year $ 100,141,700 $ 20,061,284 $ 119,468,575 Investment income 11,673,396 2,355,796 14,029,192 Contributions 1,887,517 735,627 2,623,144 Appropriation of endowment assets for expenditure (7,108,689) (1,434,597) (8,543,286) Endowment net assets, end of year $ 106,593,924 $ 21,764,654 $ 127,577,625

Real Estate Investments

A summary of real estate investments by location is as follows:

July 31, 2019 July 31, 2018 Belgium $ 480,435 $ 480,435 Lebanon 4,078,978 4,078,978 South America 200,004 200,004 United States: Non-Commercial 14,883,082 14,883,082 United States: Commercial 9,650,000 9,650,000 Total $ 29,292,499 $ 29,292,499

40 2018/19

Note 5 – Fair Value Disclosures

Fair Value Measurements As defined in the “Fair Value Measurements” standard, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining fair value, the AMAA uses various methods including market, income, and cost approaches. Based on these approaches, the AMAA often utilizes certain assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and or the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable inputs. The AMAA utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. Based on the observability of the inputs used in the valuation techniques, the AMAA is required to provide the following information according to the fair value hierarchy. The fair value hierarchy ranks the quality and reliability of the information used to determine fair values. Financial assets and liabilities carried at fair value will be classified and disclosed in one of the following three categories: • Level 1 — Valuations based on quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. An active market for the asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis. • Level 2 — Valuations based on inputs other that level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets or liabilities in active markets or quoted prices for identical or similar assets and liabilities in markets that are not active. If assets or liabilities have a specified contractual term, the inputs must be observable for substantially the full term of the asset or liability. • Level 3 — Valuations for assets and liabilities derived from unobservable inputs. Unobservable inputs are used to the extent that observable inputs for level 2 are not available. Unobservable inputs reflect the reporting entities own assumptions about the assumptions that market participants would use in pricing such assets or liabilities. For the fiscal year ended July 31, 2019 and 2018, the application of valuation techniques applied to similar assets and liabilities has been consistent. The following is a description of the valuation methodologies used for instruments measured at fair value: Corporate Stocks The fair value of corporate stocks is the market value based on quoted market prices, when available, or market prices provided by recognized broker dealers. If listed prices or quotes are not available, fair value is based upon externally developed models that use unobservable inputs due to the limited market activity of the instrument. Bonds and Notes Bonds and notes consist of corporate and government bonds where fair value is the market value based on quoted market prices, when available, or market prices provided by recognized broker dealers. If listed prices or quotes are not available, fair value is based upon externally developed models that use unobservable inputs due to the limited market activity of the instrument. Real Estate Real estate investments are carried at fair value and are generally classified within Level 2 of the valuation hierarchy. Values are based on certified appraisal reports and available comparable sales market data. However, certain real estate holdings, including various holdings in Lebanon, are classified within Level 3 because valuation is not practical due to geographic volatility. These investments are carried at acquisition value which is considered to approximate fair value, based on recent sales.

41 2018/19

Note 5 – Fair Value Disclosures - Continued

Loans Receivable Loans receivable are not traded in an active, open market and are instead measured at fair value on a nonrecurring basis; that is, the loans receivable are not measured at fair value on an ongoing basis but are tested for impairment annually. Loan performance and credit risk are considered when evaluating loans for impairment (see note 6).

Fair Value on a Recurring Basis The table below presents the balances of assets and liabilities measured at fair value on a recurring basis at July 31, 2019:

Total Level 1 Level 2 Level 3 Corporate Stocks Financials $ 15,371,093 $ 15,371,093 $ - $ - Healthcare 11,990,905 11,990,905 - - Information Technology 17,746,603 17,746,603 - - Industrials 9,820,000 9,820,000 - - Consumer Discretionary 6,575,562 6,575,562 Consumer Staples 2,305,716 2,305,716 - - Energy 5,592,622 5,592,622 - - Telecommunication services 11,450,610 11,450,610 - - Utilities 527,914 527,914 - - Materials 2,214,778 2,214,778 - - Real Estate 3,693,039 3,693,039 - - Other 15,424,395 15,424,395 - - Total Corporate Stock 102,713,237 102,713,237 - - Bonds and Notes 5,787,657 5,787,657 Cash and Cash Equivalents 23,251,126 23,251,126 - - Real Estate Investments 29,292,499 - 25,279,864 4,012,635 Total Investment Assets $ 161,044,519 $ 131,752,020 $ 25,279,864 $ 4,012,635

There were no changes in Level 3 assets and liabilities measured at fair value on a recurring basis at July 31, 2018. Balance, July 31, 2018 $ 4,012,635 Total net gains (losses) included in net income - Purchases, sales, issuances and settlements, net - Balance, July 31, 2019 $ 4,012,635

42 2018/19

Note 5 – Fair Value Disclosures - Continued

The table below presents the balances of assets and liabilities measured at fair value on a recurring basis at July 31, 2018:

Total Level 1 Level 2 Level 3 Corporate Stocks Financials $ 16,876,283 $ 16,876,283 $ - $ - Healthcare 15,038,770 15,038,770 - - Information Technology 22,468,347 22,468,347 - - Industrials 11,387,214 11,387,214 - - Consumer Discretionary 10,533,662 10,533,662 Consumer Staples 3,552,129 3,552,129 - - Energy 5,434,350 5,434,350 - - Telecommunication services 3,608,087 3,608,087 - - Utilities 251,304 251,304 - - Materials 3,021,057 3,021,057 - - Real Estate 3,199,342 3,199,342 - - Other 7,353,878 7,353,878 - - Total Corporate Stock 102,724,423 102,724,423 - - Bonds and Notes 7,032,893 7,032,893 - - Cash and Cash Equivalents 20,910,779 20,910,779 - - Real Estate Investments 29,292,499 - 25,279,864 4,012,635 Total Investment Assets $ 159,960,594 $ 130,668,095 $ 25,279,864 $ 4,012,635

There were no changes in Level 3 assets and liabilities measured at fair value on a recurring basis at July 31, 2018. Balance, July 31, 2017 $ 4,012,635 Total net gains (losses) included in net income - Purchases, sales, issuances and settlements, net - Balance, July 31, 2018 $ 4,012,635

Note 6 – Loans Receivable

The composition of the loans receivable is as follows:

July 31, 2019 July 31, 2018 Commercial real estate $ 1,796,319 $ 1,842,766 Allowance for doubtful accounts (350,500) (350,500) Net Loans Receivable $ 1,445,819 $ 1,492,266

Note 7 – Land, Buildings, and Equipment

A summary of fixed assets as of July 31, 2019 follows:

Buildings & Office Land Total Improvements Equipment AMAA Headquarters $ 127,000 $ 1,814,029 $ 87,000 $ 2,028,029 Armenia 2,019,912 27,390,798 500,402 29,911,112 Total Fixed Assets 2,146,912 29,204,827 587,402 31,939,141 Less Acc. Depreciation - 7,656,894 190,808 7,847,702 Net Fixed Assets $ 2,146,912 $ 21,547,933 $ 396,594 $ 24,091,439

43 2018/19

Note 7 – Land, Buildings, and Equipment – Continued

A summary of fixed assets as of July 31, 2018 follows:

Buildings & Office Land Total Improvements Equipment AMAA Headquarters $ 127,000 $ 1,814,029 $ 87,000 $ 2,028,029 Armenia 2,004,972 27,323,036 69,780 29,397,788 Total Fixed Assets 2,131,972 29,137,065 156,780 31,425,817 Less Acc. Depreciation - 6,820,649 156,780 6,977,429 Net Fixed Assets $ 2,131,972 $ 22,316,416 $ - $ 24,448,388

Note 8 – Custodial Accounts

Custodial accounts represent contributions and inflows of assets held by the AMAA for safekeeping and invested for future projects or other organizations, per their requests. A summary of the custodial accounts at market value follows: July 31, 2019 July 31, 2018 Haigazian University End of Service Indemnity $ 1,192,233 $ 1,124,946 Armenian Evangelical Schools of California 602,199 565,871 Armenian Evangelical World Council - 226,263 Estate of Kirakos Vapurciyan 494,219 509,393 Future Armenian Leadership Fund - 384,000 TF Educational Foundation - 85,000 $ 2,288,651 $ 2,895,473

Note 9 – Net Assets without Donor Restriction

Net assets without donor restrictions are composed of the following: July 31, 2019 July 31, 2018 Cash and investments available for operating expenditures $ 571,835 $ 317,934 Other assets 1,471,878 1,329,948 Fixed assets 24,091,439 24,448,388 Total Net Assets without Donor Restrictions $ 26,135,152 $ 26,096,270

Note 10 – Net Assets with Donor Restrictions

Net assets with donor restrictions are composed of the following: July 31, 2019 July 31, 2018 Endowments General endowment $ 107,916,995 $ 105,812,971 Specific Purpose Haigazian University 9,094,955 9,357,387 Schools of Lebanon 1,219,349 1,041,069 Avedisian School Endowment 3,758,140 3,732,766 Other program objectives, such as Child Education, Relief, Milk Fund, Evangelism, etc. 7,448,382 7,633,432 Total endowments 129,437,821 127,577,625 Real estate 29,292,499 29,292,499 Custodial accounts 25,548 194,997 Net Pledges Receivable 896,057 1,654,810 Total Net Assets with Donor Restrictions $ 159,651,925 $ 158,719,931

44 2018/19

Note 11 – Split-Interest Agreements

Certain split-interest agreements exist represented by endowment or trust funds whose income is distributed between the AMAA and others. The amounts are not material to the financial statements taken as a whole.

Note 12 –Retirement Plan

During fiscal year 2003, the AMAA formed an employee retirement plan under Internal Revenue Code Section 401(k). Under this plan, after the first year of employment, any employee may elect to defer a portion of his/her wages and receive partial matching by the AMAA. The portion the AMAA matches depends on the percentage of wages the employee elects to defer. The maximum amount the AMAA matches is 4.0% of base earnings.

Note 13 – Liquidity and Availability for General Expenditure

AMAA’s financial assets available within one year of the balance sheet date for general expenditure are as follows:

Cash $ 571,835

Appropriations from general endowment for current use 4,573,000 $ 5,144,835

AMAA’s endowment funds consist of donor-restricted general endowment funds and endowment funds for specific use. Income from donor-restricted general endowments is available for general expenditure and as described in Note 2, the endowment has a spending rate of 4.5 percent. The appropriations from the general endowment are available by the Organization to use for general expenditure.

As part of AMAA’s liquidity management, it has a policy to structure its financial assets to be available as its general expenditures, liabilities, and other obligations come due. In addition, AMAA invests cash in excess of daily requirements in short-term investments. (see Note 4 for disclosures about investments).

Note 14 – Functional Expenses

The table below presents expenses by both their nature and their function for fiscal year ended July 31, 2019. Year Ended July 31, 2019 Program Activities Supporting Activities Leadership, Theological Churches Training and Program Supporting Supporting Total Education Relief Evangelism and Missions Publications Subtotal Services Fundraising Subtotal Expenses

Salaries and benefits $ 570,576 $1,065,682 $ 195,089 $ 426,488 -$ $2,257,835 $1,149,535 -$ $1,149,535 $ 3,407,370 Direct program expenses 366,981 448,816 62,405 63,196 48,110 989,508 70,530 39,518 110,048 1,099,556 Sponsorships and financial assistance 2,147,440 995,802 165,699 614,443 52,800 3,976,184 32,469 20,215 52,684 4,028,868 Supplies and travel 1,533 197,995 29,813 73,658 13,791 316,790 167,828 67,019 234,847 551,637 Services and professional fees - 31,317 7,383 - 24,525 63,225 190,607 764 191,371 254,596 Office and occupancy 117,938 474,156 78,457 50,225 95,488 816,264 468,770 69,403 538,173 1,354,437 Sub-total 3,204,468 3,213,768 538,846 1,228,010 234,714 8,419,806 2,079,739 196,919 2,276,658 10,696,464

Depreciation and amortization 260,718 261,475 43,841 99,912 19,097 685,043 169,209 16,021 185,230 870,273

Total functional expenses $3,465,186 $3,475,243 $ 582,687 $ 1,327,922 $ 253,811 $9,104,849 $2,248,948 $ 212,940 $2,461,888 $11,566,737

The financial statements report certain categories of expenses that are attributable to more than one program or supporting function. Therefore, these expenses require allocation on a reasonable basis that is consistently applied. The expenses that are allocated include depreciation, office and occupancy, and salaries and benefits, which are allocated on the basis of estimates of time and effort.

45 2018/19 Endowment Funds at July 31, 2019

Armenian Missionary Association of America, Inc. Summary of Investments in Endowment Funds As of July 31, 2019

Funds Endowment Funds - Various Designations 109,622,216 Armenia Relief 2,457,543 Armenian Evangelical Schools of California 839,240 Armenian Evangelical Schools of California - Custodial Accounts 617,863 Armenian Evangelical Schools of Lebanon 1,219,349 Avedisian School 4,433,701 Churches and Missions Development Fund - Eurasia 5,325 Haigazian University 11,757,730 Health Care Mission Fund 3,993 Ministers'/Ministers Widows' Pension Funds 949,421 131,906,381

46 Endowment Funds at July 31, 2019 2018/19

ENDOWMENT FUNDS

Name of Fund Value Name of Fund Value

ENDOWMENT FUNDS, Various...... 185,681 AMIRKHANIAN ENDOWMENT FUND, Rev. Vartan...... 15,735 AARONIAN MEMORIAL FUND, Nevart & Charles...... 1,591 ANDONIAN THEOLOGICAL EDUCATION FUND, Haigazoun & Angel...... 10,751 AARONIAN MEMORIAL FUND, Ms. Evelyn...... 14,516 ANDRANIGIAN MEMORIAL FUND, Amar M...... 592,356 ABADJIAN ENDOWMENT FUND, Dikran...... 34,796 ANDREASSIAN ENDOWMENT FUND, Isgouhie...... 1,153,235 ABADJIAN ENDOWMENT FUND, John & Sona...... 56,400 ANDREASSIAN/DARAKJIAN ENDOWMENT FUND...... 18,781 ABADJIAN FUND MEMORY OF MOTHER VERA, Andre...... 36,331 ANDREISE MEMORIAL FUND, Thelma Grace Avedikian...... 1,217 ABAJIAN ENDOWMENT FUND, Henry K. & Gladys...... 35,679 ANDROYAN ENDOWMENT FUND, Nishan...... 21,103 ABAJIAN ENDOWMENT FUND, Sumpat S...... 4,517 ANONYMOUS #1 - MJ ENDOWMENT FUND...... 59,252 ABAJIAN ENDOWMENT FUND, Mr. & Mrs. G. J...... 96,368 ANONYMOUS #2 - PK ENDOWMENT FUND...... 915,183 ABASHIAN ENDOWMENT FUND, Nishan & Esgoohi...... 24,765 ANONYMOUS #3 - AOK ENDOWMENT FUND...... 1,553,700 ABDULIAN ENDOWMENT FUND, Dr. & Mrs. Jack...... 26,657 ANONYMOUS #5 - AVED ENDOWMENT FUND...... 276,364 ABDULIAN ENDOWMENT FUND, Dr. & Mrs. Misak...... 12,562 ANONYMOUS #7- GSN ENDOWMENT FUND...... 87,205 ABDULIAN ENDOWMENT FUND, Dr. Daniel & Juliette...... 5,342 ANONYMOUS AK ENDOWMENT FUND...... 325,520 ABDULIAN MEMORIAL FUND, Araxie & Mary...... 15,250 ANONYMOUS EAK ENDOWMENT FUND...... 2,582 ABDULIAN MEMORIAL FUND, Daniel & Anush...... 107,924 ANONYMOUS EH ENDOWMENT FUND...... 45,266 ABDULIAN MEMORIAL FUND, Vahe & Marianne...... 119,471 ANONYMOUS ENDOWMENT FUND...... 16,604 ABRAHAMIAN MEMORIAL FUND, John & Mary...... 16,230 ANONYMOUS GJ ENDOWMENT FUND...... 4,706 ACHJIAN, JR. ENDOWMENT FUND, Levon...... 1,780 ANONYMOUS LK ENDOWMENT FUND...... 121,717 ADAMIAN ENDOWMENT FUND, Dr. Gregory H...... 1,529 ANONYMOUS MJ ENDOWMENT FUND...... 31,423 ADANALIAN ENDOWMENT FUND, Rev. G. B...... 4,248 ANSPIKIAN ENDOWMENT FUND, Alidz Matossian...... 6,071 ADOURIAN MEMORIAL FUND, Setrak Nicholas & Zenoohi...... 262,427 APARTIAN MEMORIAL FUND, Rev. Barkev...... 2,655 ADROUNY ENDOWMENT FUND, Jane Ann...... 25,100 APELIAN MEMORIAL FUND, Harry & Catherine...... 15,371 ADROUNY MEMORIAL FUND, Alice & George...... 32,725 APELIAN MEMORIAL FUND, Joseph Moses & Alice...... 3,186 AGBABIAN HUBBARD ENDOWMENT FUND, Lucina...... 234,302 APELIAN MEMORIAL FUND, Mr. Joseph...... 27,798 AGBABIAN HUBBARD SCHOLARSHIP ENDOWMENT FUND, APELIAN NURSE’S FUND, Marie...... 2,673 Lucina...... 234,302 APKARIAN ENDOWMENT FUND, Rev. Hovhannes & Aznive...... 105,873 AGBABIAN MEMORIAL ENDOWMENT FUND, Mihran...... 12,435 APOIAN MEMORIAL FUND, Elizabeth...... 4,422 AGBABIAN MEMORIAL FUND, Zaven...... 164,959 APOIAN MEMORIAL FUND, Joseph...... 3,057 AGBABIAN MEMORIAL FUND, Rev. Siragan & Parouhie...... 211,280 APOVIAN ENDOWMENT FUND, Dr. & Mrs. John...... 3,441 AGBASHIAN ENDOWMENT FUND, John & Florence...... 3,059 APRAHAMIAN MEMORIAL FUND, Steve...... 4,171 AGBASHIAN ENDOWMENT FUND, Mr. & Mrs. Aggie G...... 3,059 ARABAJIAN MEMORIAL FUND, Hagop & Annie...... 256,415 AGHAJANIAN ENDOWMENT FUND, Ghevont...... 2,587 ARABIAN ENDOWMENT FUND, Mr. & Mrs. Robert V...... 1,529 AGHASSIAN SCHOLARSHIP FUND, Lillian & Jonathan...... 115,140 ARDSROONY MEMORIAL FUND, Vahe & Arpik...... 6,933 AGHAZARIAN ENDOWMENT FUND, Mr. & Mrs. Arsen...... 9,347 ARISSIAN ENDOWMENT FUND, Mr. & Mrs. Karekin...... 20,967 AGNERIAN ENDOWMENT FUND, Abraham & Victoria...... 3,836 ARMAGHANIAN ENDOWMENT FUND, Dicran & Arshalouise...... 30,991 AGNERIAN MEMORIAL FUND, Rev. Hovhannes H...... 42,152 ARMAGHANIAN ENDOWMENT FUND, Rev. & Mrs. H...... 19,936 AHARONIAN ENDOWMENT FUND, Hrair & Julie...... 29,556 ARMEN MEMORIAL FUND, Dr. Robert Nerces...... 13,100 AIJIAN ENDOWMENT FUND, Rev. M. M...... 1,969 ARMENIAN CONG’L CHURCH DETROIT FUND, Ladies Aid Society...... 1,529 AIJIAN PHILIBOSIAN FUND, Kaloost, Siroon & Ruth...... 6,356,791 ARMENIAN CONGREGATIONAL CHURCH FUND, Haverhill...... 12,235 AINTAB COMPATRIOTIC UNION ENDOWMENT...... 69,964 ARMENIAN EVANGELICAL CHURCH, New York...... 148,805 AINTABLIAN ENDOWMENT FUND, Clara A...... 1,217 ARMENIAN EVANGELICAL SOCIAL SERVICE...... 141,833 AINTABLIAN TRAVER ENDOWMENT FUND, Ann...... 36,236 ARMENIAN EVANGELICAL WORLD COUNCIL FUND...... 242,958 AJAMIAN ENDOWMENT FUND, Mr. & Mrs. Charles T...... 3,535 ARMENIAN MISSIONARY ASSOCIATION FUND, Iran...... 22,965 AJEMIAN ENDOWMENT FUND, John & Chouchan...... 3,316 ARMENIAN PRESBYTERIAN COMMUNITY FUND, Washington DC...... 1,931 AJEMIAN ENDOWMENT FUND, Puzant & Zartoohy...... 38,792 ARMENIAN REFORMED PRESBYTERIAN CHURCH, Cyprus...... 4,800 AJEMIAN ENDOWMENT FUND, Dr. & Mrs. George...... 49,878 ARMENIAN STUDIES EDUCATIONAL FUND...... 1,331 AJEMIAN ENDOWMENT FUND, Mr. & Mrs. Peter...... 3,463 ARTINIAN MEMORIAL FUND, Haroutune...... 4,863 AKILLIAN MEMORIAL FUND, Anna...... 1,000 ARZOOYAN ENDOWMENT FUND, Archie...... 13,913 AKKASHIAN ENDOWMENT FUND, Siranoush...... 13,424 ARZOOYAN MEMORIAL FUND, Charles & Arshagui...... 79,674 AKKULIAN ENDOWMENT FUND, Mr. & Mrs. Daniel...... 7,762 ARZOUN ENDOWMENT FUND, Vahan & Gladys...... 33,432 AKULLIAN ENDOWMENT FUND, Shake...... 4,248 ASBED ENDOWMENT FUND, H. K...... 5,511 AKULLIAN MEMORIAL FUND, Vahan...... 2,582 ASDIKIAN MEMORIAL FUND, Samuel E. & Elmas D...... 2,369 AKULLIAN MEMORIAL FUND, Mr. & Mrs. Jack...... 134,983 ASHJIAN ENDOWMENT FUND, Rev. Hamparzoum...... 3,862 ALAJAJIAN ENDOWMENT FUND, Dorothy...... 4,022 ASHKARIAN ENDOWMENT FUND, Beatrice...... 4,023 ALBARIAN ENDOWMENT FUND, George & Louise...... 38,859 ASHKARIAN MEMORIAL FUND, Ohanes...... 14,095 ALBARIAN ENDOWMENT FUND, Dr. Edward L...... 1,485 ASHODIAN ENDOWMENT FUND, John N...... 1,332 ALBARIAN MEMORIAL FUND, Rev. Sarkis & Knarig...... 19,308 ASLAN FAMILY TRUST ENDOWMENT FUND...... 22,559 ALBERIAN ENDOWMENT FUND, Mr. & Mrs. Edwin...... 25,369 ASSADOURIAN MEMORIAL FUND, Garabed A. & Isabel...... 26,349 ALEPPO COLLEGE ENDOWMENT FUND, Girls Division...... 5,711 ATAMIAN ENDOWMENT FUND, Rodney & Tracy...... 10,777 ALEXANDER ENDOWMENT FUND, Harry...... 102,099 ATAMIAN MEMORIAL FUND, Vartoohe...... 1,018 ALEXANIAN ENDOWMENT FUND, Mr. & Mrs. Daniel...... 47,786 ATESIAN ENDOWMENT FUND, Howard & Zabelle...... 1,846 ALEXANIAN MEMORIAL FUND, Ludwig & Alice...... 4,723 ATHANAS LITERARY ENDOWMENT FUND, Hour...... 116,439 ALTOONJIAN ENDOWMENT FUND, Marjorie, Flora & Mable...... 1,693,418 ATTARIAN ENDOWMENT FUND, Behiye...... 1,861 ALTOUNIAN MEMORIAL FUND, Arshag...... 9,354 ATTARIAN ENDOWMENT FUND, George & Mary...... 9,877 AMAA 75TH ANNIVERSARY FUND...... 3,108 ATTARIAN ENDOWMENT FUND, James E. & Virginia...... 36,704 AMERKHANIAN MEMORIAL FUND, Arshak...... 2,107 ATTARIAN ENDOWMENT FUND, James M...... 4,840

47 2018/19 Endowment Funds at July 31, 2019

Name of Fund Value Name of Fund Value

ATTARIAN ENDOWMENT FUND, Mr. & Mrs. James M...... 3,696 BASHIAN MEMORIAL FUND, John & Hamaspure...... 2,792 AVAKIAN ENDOWMENT FUND, Armand & Janet...... 5,369 BASMADJIAN ENDOWMENT FUND, Ara & Kayane...... 35,791 AVAKIAN ENDOWMENT FUND, Azadouhie...... 2,261 BASMADJIAN FAMILY FUND, Krikor & Hagop...... 2,208 AVAKIAN ENDOWMENT FUND, Samuel & Rose...... 10,653 BEAUCHAMP ENDOWMENT FUND, Mr. & Mrs. D. E...... 3,212 AVAKIAN ENDOWMENT FUND, Mr. H...... 6,719 BECIDYAN MEMORIAL FUND, Dr. Hasmig...... 7,548 AVAKIAN ENDOWMENT FUND, Rev. Avak & Veronica...... 22,795 BEDIKIAN ENDOWMENT FUND, Harout...... 3,945 AVAKIAN MEMORIAL FUND, Yervant & Acabie...... 54,948 BEDIKIAN THEOLOGICAL FUND, Rev. A. A...... 65,781 AVED MEMORIAL FUND, Joseph G. & Mary K...... 17,571 BEDOIAN MEMORIAL FUND, Charles...... 68,395 AVEDIAN ENDOWMENT FUND, Alice...... 5,929 BEDROSIAN ENDOWMENT FUND, Dr. & Mrs. Levon...... 3,977 AVEDIAN ENDOWMENT FUND, Arnie & Nectar...... 71,915 BEDROSIAN ENDOWMENT FUND, Mr. & Mrs. Ben...... 3,862 AVEDIKIAN ENDOWMENT FUND, George & Mary...... 2,435 BEDROSIAN ENDOWMENT FUND, Mr. & Mrs. Martin...... 9,612 AVEDIKIAN ENDOWMENT FUND, Rebecca G. & Thelma...... 4,139 BEDROSIAN ENDOWMENT FUND, Mr. & Mrs. Vahe P...... 3,364 AVEDIKIAN ENDOWMENT FUND, Sarkis & Shake...... 4,333 BEDROSSIAN HADJIAN SURABIAN END FUN, Yevkine & Victoria...... 8,109 AVEDIKIAN MEMORIAL FUND, Dicran & Vehide...... 8,843 BEDROSSIAN MEMORIAL FUND, Dr. Edward & Angele...... 71,905 AVEDISIAN ENDOWMENT FUND, Dr. & Mrs. Socrat...... 6,179 BEDROSSIAN SCHOLARSHIP FUND, Dr. E. Howard...... 492,507 AVEDISSIAN HOYEN MEMORIAL FUND, Stella...... 4,112 BEKIAN ENDOWMENT FUND, Rev. Nishan...... 2,471 AVIAN ENDOWMENT FUND, Bob & M/M Hampar Avedisia...... 37,767 BEKMEZIAN ENDOWMENT FUND, Mary...... 7,687 AYNEDJIAN ENDOWMENT FUND, Hagop & Grace...... 8,297 BEKMEZIAN ENDOWMENT FUND, Millard...... 69,425 AYNEJIAN, Mr. & Mrs. John and Hilda...... 2,091 BELIAN MEMORIAL FUND, Aram Y...... 444,791 AYNILIAN FAMILY ENDOWMENT FUND, Nerses & Arpine...... 669,295 BELOYAN MEMORIAL FUND, Neshan...... 1,106 AYVAZIAN MEMORIAL FUND, Shnorhig H...... 3,148 BENGLIAN ENDOWMENT FUND, Mr. & Mrs. Semon...... 6,577 AZADIAN ENDOWMENT FUND, Vahan & Grace...... 118,013 BENGLIAN MEMORIAL FUND, Vahan & Sara...... 14,164 AZIRIAN ENDOWMENT FUND, Jirair D...... 2,881 BENNETT ENDOWMENT FUND, John Eskijian...... 1,255 BABAIAN ENDOWMENT FUND, Ralph...... 51,940 BENNEYAN ENDOWMENT FUND, Rev. H. G...... 5,792 BABAYAN NERSESSIAN ENDOWMENT FUND, Richard & Sonya...... 1,194 BERBERIAN ENDOWMENT FUND, Mr. & Mrs. Everett H...... 3,148 BABIGIAN ENDOWMENT FUND, Mrs. Y. K...... 1,931 BERBERIAN MEMORIAL FUND, Vahe A...... 1,527 BABIKIAN ENDOWMENT FUND, Richard Zaven...... 298,542 BERBERIAN MEMORIAL FUND, Dr. Dicran & Armine...... 195,576 BABOGHLIAN MEMORIAL FUND, Vartkes...... 2,137 BESH ENDOWMENT FUND, Van...... 62,064 BABOIAN ENDOWMENT FUND, Rev. Charles...... 1,976 BESH GETOOR MEMORIAL FUND, Dr. Levon & Elmon...... 6,768 BADEER ENDOWMENT FUND, Dr. & Mrs. Henry...... 1,142 BEYLERIAN MEMORIAL FUND, George...... 1,268 BADEER TRUST FUND, A. & V...... 2,021,680 BEZIRGANIAN ENDOWMENT FUND, Dr. & Mrs. George...... 227,618 BADEMIAN ENDOWMENT FUND, Zaven & Cleia...... 1,632 BEZIRGANIAN ENDOWMENT FUND, Drs. John & Sophia...... 36,571 BAGDASARIAN ENDOWMENT FUND, Mr. & Mrs. George...... 3,059 BEZIRGANIAN ENDOWMENT FUND, Mr. Steve...... 9,356 BAGDASARIAN ENDOWMENT FUND, Mr. & Mrs. Harry...... 3,950 BEZJIAN ENDOWMENT FUND, Alex & Victoria...... 4,311 BAGDIKIAN ENDOWMENT FUND, Rev. Dr. Aram...... 2,510 BEZJIAN ENDOWMENT FUND, Jacob & Lydia...... 5,582 BAGHDASARIAN ENDOWMENT FUND, Mr. & Mrs. Gerard...... 24,868 BEZJIAN ENDOWMENT FUND, Mr. & Mrs. Albert...... 56,346 BAGHDASSARIAN ENDOWMENT FUND, Mr. Stepan...... 2,715 BEZJIAN ENDOWMENT FUND, Mr. & Mrs. Hagop...... 4,880 BAGHDIKIAN ENDOWMENT FUND, Barkev...... 12,522 BEZJIAN HARDOUVELIS ENDOWMENT FUND, Gikas & Suzan...... 3,034 BAKALIAN ENDOWMENT FUND, Rev.Dr. Samuel & Hilda...... 1,463 BILEZIKIAN ENDOWMENT FUND, Valantine...... 4,364 BAKAMJIAN MEMORIAL FUND, Barkev & Grace...... 20,676 BILEZIKJIAN ENDOWMENT FUND, Zabel & Youhanna...... 42,043 BAKAMJIAN MEMORIAL FUND, Dr. Veronica...... 532,982 BIZDIKIAN ENDOWMENT FUND, Rev. & Mrs. Jerair...... 1,654 BAKER ENDOWMENT FUND, Seth & Hasmig...... 2,028 BODOURIAN ENDOWMENT FUND, Harry Ghazaros...... 3,148 BAKER ENDOWMENT FUND, Mr. & Mrs. Ralph...... 1,217 BOGDASARIAN ENDOWMENT FUND, John & Alice...... 3,949 BAKERDJIAN ENDOWMENT FUND, Mr. & Mrs. Vartan...... 3,016 BOGHARIAN ENDOWMENT FUND, Keghanoush...... 2,255 BAKMAZIAN ENDOWMENT FUND, Mr. & Mrs. Param & Selma...... 193,468 BOGHOSIAN/CHAKMAKJIAN MEMORIAL FUND...... 37,193 BALABANIAN ARM. CHILD. CANCER FUND, Saro...... 23,875 BOGHOSSIAN ENDOWMENT FUND, Dr. & Mrs. Hagop...... 24,469 BALABANIAN EDUCATIONAL FUND, Sarkis (Balaban Hoja)...... 20,739 BOGOSIAN ENDOWMENT FUND, Paul...... 4,788 BALIAN ENDOWMENT FUND, Ara...... 1,033 BOGOSIAN ENDOWMENT FUND, Mr. & Mrs. Avedis Paul...... 11,809 BALIAN ENDOWMENT FUND, Dr. Sarkis & Prapion...... 1,456 BOGOSIAN ENDOWMENT FUND, Mr. & Mrs. John...... 25,279 BALIAN MEMORIAL FUND, Venus...... 3,304 BOGOSIAN MEMORIAL EDUCATIONAL FUND, Tavit & Sirvart...... 16,477 BALIKIAN MEMORIAL FUND, Hrair...... 2,053 BOGOSIAN MEMORIAL FUND, Sarkis...... 390,377 BALIKJIAN ENDOWMENT FUND, D. & R...... 58,666 BOGOSSIAN MEMORIAL FUND, Armen & Florence...... 1,540 BALIKJIAN MEMORIAL FUND, Kegham...... 5,025 BOLOYAN ENDOWMENT FUND, Mr. & Mrs. Kazar...... 8,767 BALIOZIAN ENDOWMENT FUND, Vahe...... 1,816 BOND MEMORIAL FUND, Harold...... 1,097 BALUKJIAN ENDOWMENT FUND, Harry...... 5,320 BOOLE ENDOWMENT FUND, John H...... 15,774 BALUKJIAN ENDOWMENT FUND, Puzant & Esther...... 8,059 BOOLE ENDOWMENT FUND, Nectar...... 1,565 BALYOSIAN ENDOWMENT FUND, Stephen & Mary...... 5,146 BOSNIAN ENDOWMENT FUND, Luther H...... 38,613 BANCROFT JONES MEMORIAL FUND, Anna...... 19,883 BOUJICANIAN ENDOWMENT FUND, Arpine...... 1,079 BANDEIAN MEMORIAL FUND, Dr. Alice...... 2,080 BOUJICANIAN ENDOWMENT FUND, Kachadour...... 1,329 BANKER ENDOWMENT FUND, Mr. & Mrs. Oscar...... 4,817 BOYADJIAN ENDOWMENT FUND, Aram...... 1,931 BARDIZIAN EDUCATIONAL FUND, Solomon...... 3,439 BOYADJIAN ENDOWMENT FUND, Haroutune & Mary...... 303,004 BARONIAN ENDOWMENT FUND, John K...... 1,106 BOYADJIAN KASSAPIAN MEMORIAL FUND, Marie & Haroutune...... 7,922 BARONIAN ENDOWMENT FUND, Mary A...... 1,663 BOYAJIAN ENDOWMENT FUND, Harry...... 1,969 BARONIAN ENDOWMENT FUND, Dr. D. Richard & Annette...... 95,078 BOYAJIAN ENDOWMENT FUND, Hattie Eleanor...... 39,073 BARSUMIAN ENDOWMENT FUND, Aram...... 1,126 BOYAJIAN ENDOWMENT FUND, Louise...... 44,709 BARSUMIAN ENDOWMENT FUND, George & Helen...... 31,146 BOYAJIAN ENDOWMENT FUND, Samuel Avedis...... 10,766 BARSUMIAN ENDOWMENT FUND, Rose A...... 3,148 BOYAJIAN ENDOWMENT FUND, Mr. & Mrs. H...... 1,931 BARSUMIAN MEMORIAL FUND, George & Esther...... 54,414 BOYAJIAN HANLON ENDOWMENT FUND, Queenie...... 6,233 BARTIGIAN FAMILY FUND, Mr. & Mrs. Albert...... 5,210 BOYAJIAN MEMORIAL FUND, Avedis & Khatoun...... 96,491 48 Endowment Funds at July 31, 2019 2018/19

Name of Fund Value Name of Fund Value

BOYAJIAN MEMORIAL FUND, Joseph Sr...... 1,921 DANIELIAN ENDOWMENT FUND, Krikor, Vartan & Nevart...... 468,911 BOYAJIAN MEMORIAL FUND, Kasper...... 17,207 DANIELIAN MEMORIAL FUND, Mr. Vagharshag...... 1,146 BOYAJIAN MEMORIAL FUND, Rose...... 13,515 DARAKDJIAN MEMORIAL FUND, Berjouhi...... 2,935 BOYD MEMORIAL FUND, Mentor Astor...... 3,366 DARAKJIAN ENDOWMENT FUND, Albert & Annabelle Lee...... 402,787 BOZYAN MEMORIAL FUND, Edith...... 1,721 DARAKJIAN ENDOWMENT FUND, Drs. Nazareth & Ani...... 170,348 BRIX MEMORIAL FUND, Reuben & Victoria...... 1,010 DARAKJIAN ENDOWMENT FUND, Rev. Emmanuel & Mary...... 31,287 BROUSA SCHOOL GIRLS CLUB ENDOWMENT ...... 22,098 DARMANJIAN ENDOWMENT FUND, Moses & Lydia...... 2,733 BUCHAKJIAN ENDOWMENT FUND, Serge & Anita...... 2,828 DARPINIAN MEMORIAL FUND, John...... 12,801 BURMAYAN ENDOWMENT FUND, Mr. & Mrs. Varujan...... 11,421 DARPINIAN/TIMOURIAN ENDOWMENT FUND, Haig R. & Berjouhi...... 409,352 CAPRELIAN MEMORIAL FUND, Rose...... 14,543 DAVAGIAN ENDOWMENT FUND, Mr. & Mrs. John S...... 1,574 CARAPETIAN MEMORIAL FUND, Caro...... 3,978 DAVIDIAN ENDOWMENT FUND, Nahabed...... 1,120 CARPETLAND, Manougian Sakayan Turmani...... 13,130 DAVIDIAN ENDOWMENT FUND, Mr. & Mrs. Charles...... 1,529 CASPARIAN ENDOWMENT FUND, Hrant & Hranoush...... 16,191 DAVIDIAN ENDOWMENT FUND, Rev. Aris...... 1,976 CASPARIAN ENDOWMENT FUND, Mr. & Mrs. Patrick...... 8,159 DAVIDIAN MEMORIAL FUND, Elizabeth Rose...... 25,812 CASPARIAN MIRZAIAN MEMORIAL FUND, Perooz & Manoog..... 16,727 DAVIDIAN MEMORIAL FUND, James A...... 109,925 CHACHOU ENDOWMENT FUND, Mrs. K...... 3,862 DAYIAN ENDOWMENT FUND, Dr. & Mrs. Edward...... 2,676 CHADURJIAN ENDOWMENT FUND, Edward A...... 59,173 DEDEYAN MEMORIAL FUND, Hagop...... 12,546 CHAGLASIAN ENDOWMENT FUND, Andrew & Patricia...... 1,994 DEDEYAN MEMORIAL FUND, Takvor...... 1,988 CHAGLASIAN MEMORIAL FUND, Mr. & Mrs. Karekin & Elizabeth...... 6,664 DEMERJIAN ENDOWMENT FUND, Alice M...... 1,461 CHAHINIAN MEMORIAL FUND, Krikor & Rahel...... 1,843 DEMERJIAN ENDOWMENT FUND, Artin & Azniv...... 2,263 CHAKEJIAN ENDOWMENT FUND, Sarkis...... 1,976 DEMERJIAN ENDOWMENT FUND, Mr. & Mrs. Harry...... 69,254 CHAKERIAN ENDOWMENT FUND, DEMIRDJIAN ENDOWMENT FUND, Shavarsh & Nazine...... 3,620 M.Arpine Mullisen & Samuel Gron...... 11,840 DEMIRJIAN ENDOWMENT FUND, Harold & Frances...... 36,746 CHAKMAKJIAN ENDOWMENT FUND, Anna...... 1,529 DEMIRJIAN ENDOWMENT FUND, Minas & Keghany...... 23,852 CHAKMAKJIAN ENDOWMENT FUND, Mr. & Mrs. Harry...... 14,769 DEMIRJIAN MEMORIAL EVANGELICAL FUND, Rev. Krikor...... 361,015 CHAKMAKJIAN JR. ENDOWMENT FUND, Mr. & Mrs. Aram K...... 1,642 DEPOIAN ENDOWMENT FUND, Gadarine...... 3,862 CHALABIAN ENDOWMENT FUND, Mr. & Mrs. Charles...... 32,604 DER BOGHOSSIAN MEMORIAL FUND, CHALIAN MEMORIAL FUND, Manouk & Anouche...... 1,248 Misak, Aznive, Armenouhie, Araxie...... 54,675 CHALIKIAN ENDOWMENT FUND, Mr. & Mrs. Edward...... 15,330 DER KALOUSDIAN ENDOWMENT FUND, Rev. & Mrs. Avedis...... 2,403 CHAMICHIAN MEMORIAL FUND, Joseph & Nevart...... 11,823 DER MARDEROSIAN ENDOWMENT FUND, Ara & Evelyn...... 2,283 CHANGELIAN ENDOWMENT FUND, Mr. & Mrs. Charles...... 3,148 DER MATTEOSIAN MEMORIAL FUND, Krikor & Yeghsa...... 28,066 CHATALBASH ENDOWMENT FUND, Mr. & Mrs. Thomas...... 3,059 DER OVANESIAN MEMORIAL FUND, Hagop & Anna M...... 38,613 CHAVOOR MEMORIAL FUND, Frank & Frances...... 1,454 DERANIAN ENDOWMENT FUND, Dr. & Mrs. Hagop Martin...... 3,042 CHELBIAN MEMORIAL FUND, Lucia...... 5,163 DERANIAN MEMORIAL FUND, Armen...... 25,351 CHERKEZIAN ENDOWMENT FUND, Mr. & Mrs. Archie...... 23,171 DERIAN ENDOWMENT FUND, James...... 2,590 CHILIAN ENDOWMENT FUND, Mr. & Mrs. Diran J...... 2,204 DERIAN ENDOWMENT FUND, Osgan...... 3,862 CHIVITJIAN ENDOWMENT FUND, Mr. & Mrs. H. G...... 1,759 DERIAN MEMORIAL FUND, Gary...... 11,357 CHOLAKIAN MEMORIAL FUND, Yeranoohi...... 2,078 DEVEDJIAN ENDOWMENT FUND, Mr. & Mrs. John...... 1,574 CHOPOORIAN ENDOWMENT FUND, Mr. & Mrs. Haig...... 3,148 DICKRANIAN ENDOWMENT FUND, Mr. & Mrs. Archie...... 2,970 CHOPOURIAN ENDOWMENT FUND, Giragos & Yeprouhi...... 487,220 DILDABANIAN ENDOWMENT FUND, Orjen...... 43,449 CHOPOURIAN MEMORIAL FUND, Patricia Ann...... 2,435 DIRADOURIAN ENDOWMENT FUND, Mr. & Mrs. Qureken...... 4,282 CHOPOURIAN SCHOLARSHIP FUND, Haroutune & Victoria...... 24,242 DIRAN ENDOWMENT FUND, Arsen & Varteni...... 274,574 CHORLIAN MEMORIAL FUND, Edward...... 5,548 DIRAN ENDOWMENT FUND, Leo...... 599,260 CHRISTIANSEN ENDOWMENT FUND, Dr. & Mrs. Gary & Aline...... 1,517 DIRAN MEMORIAL FUND, Mary...... 23,714 CHURUKIAN ENDOWMENT FUND, Vahe & Emilia...... 79,247 DODD MEMORIAL FUND, Andrew...... 13,520 CHURUKIAN MEMORIAL SCHOLARSHIP FUND, DOGHRAMJI ENDOWMENT FUND, Rev. Dr. Peter & Mary...... 1,836 Giragos M. & Helen T...... 58,629 DOGHRAMJI MEMORIAL FUND, Rosa...... 1,365 CLEMENCE MEMORIAL FUND, Eugene...... 3,148 DOHANIAN ENDOWMENT FUND, Armen Sr. & Rachel...... 96,013 COLLEGIAN 1983 TRUST FUND, Harry...... 55,822 DOHANIAN FAMILY FUND, Hagop M. & Esther...... 268,621 COMJEAN ENDOWMENT FUND, Marc...... 117,958 DOKOUZIAN MEMORIAL ENDOWMENT FUND, Mihran & Mary...... 3,382 CONE ENDOWMENT FUND, Mr. & Mrs. Lawrence K...... 5,505 DOLMADJIAN ENDOWMENT FUND, Jacob & Victoria...... 1,632 CUTLER ENDOWMENT FUND, Jack & Yumma...... 17,569 DOLMAJIAN MEMORIAL FUND, Mihran & Mary...... 2,728 DABBAGHIAN ENDOWMENT FUND, Marie...... 3,651 DONABEDIAN ENDOWMENT FUND, Mr. & Mrs. Daniel...... 3,148 DADEKIAN ENDOWMENT FUND, Mr. & Mrs. Zaven A...... 3,148 DONABEDIAN ENDOWMENT FUND, Mr. & Mrs. Suren...... 19,280 DADERIAN ENDOWMENT FUND, Asdghig...... 7,954 DONCHIAN ENDOWMENT FUND, Richard...... 175,346 DADIAN ENDOWMENT FUND, Arthur...... 1,737,444 DOUMANIAN ENDOWMENT FUND, Dr. Heratch O...... 15,056 DADOURIAN ENDOWMENT FUND, Dadour & Elise...... 76,562 DULGARIAN ENDOWMENT FUND, Mr. & Mrs. Harry...... 7,265 DADOURIAN ENDOWMENT FUND, Mr. & Mrs. Alexander...... 6,527 DURNA MEMORIAL FUND, John...... 22,925 DADOURIAN ENDOWMENT FUND, Mr. & Mrs. Noubar M...... 1,259 DURNA MEMORIAL FUND, Joseph J...... 22,908 DAGDIGIAN MEMORIAL FUND, Mr. & Mrs. Khoren...... 9,475 EJDAHARIAN BILEZIKIAN ENDOWMENT FUND, Armine...... 207,827 DAGHLIAN EKMEKJIAN ENDOWMENT FUND...... 11,585 EJDAHARIAN MEMORIAL FUND, Dr. & Mrs. Meguerditch...... 202,340 DAGHLIAN ENDOWMENT FUND, Hagop...... 6,269 EJFT ENDOWMENT FUND...... 40,813 DAGHLIAN ENDOWMENT FUND, Nazar & Lucy...... 32,864 EKNOIAN MEMORIAL FUND, Sirouhi...... 2,722 DAGHLIAN ENDOWMENT FUND, Yacoub & Feride...... 15,740 ELANJIAN ENDOWMENT FUND, Dr. George & Isabelle...... 7,022 DAGHLIAN MEMORIAL FUND, Rev. Dr. Theodore...... 6,208 ELIAZARIAN FAMILY MEMORIAL FUND...... 306,595 DAGHLIAN MEMORIAL SCHOLARSHIP FUND, Nazar...... 17,536 EMURIAN ENDOWMENT FUND, Rev. S. K. & G. T...... 30,751 DAGLIAN ENDOWMENT FUND, Dr. & Mrs. Parnag...... 10,836 ENDRIGIAN MEMORIAL FUND, Nevart...... 10,701 DANELIAN ENDOWMENT FUND, Jack & Brother...... 1,778 ENSHER ENDOWMENT FUND, Dr. Martha Googooian...... 25,183 DANELIAN ENDOWMENT FUND, Richard...... 7,104 ESAIAN NOGA ENDOWMENT FUND...... 8,647 49 2018/19 Endowment Funds at July 31, 2019

Name of Fund Value Name of Fund Value

ESAJIAN ENDOWMENT FUND, Nishan & Hranoush...... 1,421 GUEYIKIAN ENDOWMENT FUND, Dr. & Mrs. Berj...... 4,259 ETINOFF KIRAKOSSIAN ENDOWMENT FUND, Aznive...... 3,125 GUEYIKIAN ENDOWMENT FUND, Mr. & Mrs. Luther...... 4,282 ETOYAN ENDOWMENT FUND, Ani...... 30,377 GULBENKIAN ENDOWMENT FUND, Prof. Avedis...... 2,028 EVKHANIAN ENDOWMENT FUND, Mr. & Mrs. Manook...... 2,162 GULBENKIAN MEMORIAL FUND, Hasmig & Garbis...... 17,471 FERESHETIAN MEMORIAL FUND, Sarkis & Nartoohie...... 228,040 GULDALIAN ENDOWMENT FUND, K. George...... 6,093 FERMANIAN ENDOWMENT FUND, Mr. & Mrs. Haig...... 15,740 GULESERIAN ENDOWMENT FUND, Mr. & Mrs. John...... 3,148 FERMANIAN ENDOWMENT FUND, Mr. & Mrs. K...... 36,667 GULESSERIAN ENDOWMENT FUND, Levon & Shake...... 36,329 FILIAN FAMILY ENDOWMENT FUND...... 17,876 GULESSERIAN ENDOWMENT FUND, Puzant & Angele...... 848,311 FILIAN MEMORIAL FUND, Movses...... 4,483 GULESSERIAN ENDOWMENT FUND, Sarkis & Elenie...... 21,238 FIRST ARMENIAN EV. CH. ENDOWMENT FUND, Montreal, Canada...... 8,487 GULESSERIAN MEMORIAL FUND, Vahram...... 9,142 FISHER MEMORIAL FUND, Harold (Hratch Balikjian)...... 27,667 GULESSERIAN MEMORIAL FUND, Vasken...... 5,431 FLINT ENDOWMENT FUND, Mr. & Mrs. Gregory...... 4,564 GULEZIAN MEMORIAL FUND, Sarkis & Armenouhie...... 52,642 FROONJIAN ENDOWMENT FUND, Dr. H. Craig...... 16,451 GULIAN ENDOWMENT FUND, Arsen...... 2,317 GABRELLIAN & JESSOURIAN ASSOCIATES...... 3,148 GULUZIAN MEMORIAL FUND, Krikor O...... 4,908 GABRIEL ENDOWMENT FUND, Edwin Z...... 456,110 GURLEKIAN ENDOWMENT FUND, Rev. & Mrs. Hagop...... 9,233 GABRIEL ENDOWMENT FUND, Krikor...... 1,733 GUZELIAN ENDOWMENT FUND, Hrant...... 319,489 GABRIEL MEMORIAL FUND, Attabeg & Lusik...... 37,077 GUZELIMIAN MEMORIAL FUND, Mr. & Mrs. Khacher & Mr. Puzant...... 10,864 GAGOSIAN ENDOWMENT FUND, Nora...... 1,885 HACHIAN ENDOWMENT FUND, Nushan & Gladys...... 1,855,817 GAIDZAKIAN MEMORIAL FUND, Georges, Zabel & Joao...... 1,214 HACHIGIAN ENDOWMENT FUND, Mr. & Mrs. John M...... 1,454 GALIAN MEMORIAL FUND, Florence...... 29,283 HACHIGIAN MEMORIAL FUND, Maritza...... 3,978 GALOOSTIAN ENDOWMENT FUND, Flora & Diane...... 93,491 HADIDIAN ENDOWMENT FUND, Puzant & Beatrice...... 171,793 GAMAREKIAN MEMORIAL FUND, Dikran & Almas...... 1,807 HADIDIAN ENDOWMENT FUND, Dr. & Mrs. Henry A...... 1,574 GARABEDIAN ENDOWMENT FUND, Aghavnie...... 11,020 HADIDIAN ENDOWMENT FUND, Dr. & Mrs. Yervant & Rose...... 32,532 GARABEDIAN ENDOWMENT FUND, Charles...... 1,950 HADIDIAN ENDOWMENT FUND, Mr. & Mrs. Zaven & Arpine...... 10,623 GARABEDIAN ENDOWMENT FUND, Charles Mesrob...... 29,424 HADIDIAN ENDOWMENT FUND, Rev. & Mrs. Yenovk...... 80,719 GARABEDIAN ENDOWMENT FUND, Elise...... 1,988 HADIDIAN MEMORIAL FUND, Edgar & Noubar...... 21,713 GARABEDIAN ENDOWMENT FUND, Harry & Bertha...... 30,849 HADIDIAN MEMORIAL FUND, Rev. Aram H. & Gaida...... 38,984 GARABEDIAN ENDOWMENT FUND, Mary R. & Charles...... 18,457 HAGOPIAN (GARABEDIAN) MEMORIAL FUND, Rose...... 1,829 GARABEDIAN ENDOWMENT FUND, Mr. & Mrs. Aram...... 7,012 HAGOPIAN ENDOWMENT FUND, Jacob...... 96,535 GARABEDIAN ENDOWMENT FUND, Mr. & Mrs. Martin...... 1,529 HAGOPIAN ENDOWMENT FUND, Rebecca...... 1,215 GARABEDIAN ENDOWMENT FUND, Mr. & Mrs. Paul...... 8,625 HAGOPIAN ENDOWMENT FUND, Dr. Arpi...... 272,843 GARABEDIAN MEMORIAL FUND, Paul E...... 40,791 HAGOPIAN MEMORIAL FUND, Bedros & Yeranouhi...... 374,073 GAROIAN MEMORIAL FUND, Armen & Marie...... 3,191 HAGOPIAN MEMORIAL FUND, Satenig...... 11,032 GAROYAN MEMORIAL FUND, Nevart...... 1,728 HAGOPIAN MEMORIAL FUND, Sophie...... 1,683 GARRY ENDOWMENT FUND, Edward A. & Jessee...... 5,582 HAIDOSTIAN ENDOWMENT FUND, Dr. & Mrs. Berj H...... 13,603 GAZARIAN ENDOWMENT FUND, Dr. & Mrs. Arnold H...... 5,760 HAIG (KASHISHIAN) FUND, K. & Elsie...... 140,644 GAZARIAN MEMORIAL FUND, Vartan & Bertha...... 2,031 HAIG MEMORIAL FUND, Harold & Virginia...... 9,844 GAZEBAYUKIAN ENDOWMENT FUND, Jorge & Marlene...... 1,632 HAKIMIAN ENDOWMENT FUND, Avedis & Alice...... 58,193 GEARY ENDOWMENT FUND, Sara O...... 90,585 HAKIMIAN ENDOWMENT FUND, George...... 2,167 GEDICKIAN (GULIAN) MEMORIAL FUND, Hyranoush Isabelle...... 9,754 HAKIMIAN ENDOWMENT FUND, Harry...... 40,501 GEDIKIAN BOUJOULIAN FAMILY FUND ...... 5,325 HAKIMIAN ENDOWMENT FUND, Krikor & Patricia...... 3,364 GENERAL ENDOWMWENT FUND, Other...... 5,222 HALAJIAN ENDOWMENT FUND, John & Agnes...... 1,382,937 GEOVKALAYJIAN MEMORIAL FUND, Lutfig & Armen...... 17,358 HALEBIAN ENDOWMENT FUND, Puzant & Barbara...... 3,838 GEOVKALAYJIAN MEMORIAL FUND, Mr. & Mrs. Haroutune Joseph...... 12,618 HALEBIAN ENDOWMENT FUND, Mr. & Mrs. Michael...... 27,434 GERTMENIAN ENDOWMENT FUND, Henry & Eunice...... 228,864 HALEBIAN MEMORIAL FUND, Marie...... 7,421 GERTMENIAN ENDOWMENT FUND, Mr. & Mrs. Roy Z...... 15,267 HALEBIAN MEMORIAL FUND, Puzant...... 6,629 GERTMENIAN ENDOWMENT FUND, Rev. & Mrs. Paul...... 141,021 HALEBIAN MEMORIAL FUND, Rose...... 2,078 GERTMENIAN FAMILY FOUNDATION ENDOWMENT FUND...... 248,928 HALEBLIAN ENDOWMENT FUND, Jamil Haroutune...... 2,702 GIRIDLIAN ENDOWMENT FUND, Leon & Matilda...... 30,217 HALEBLIAN ENDOWMENT FUND, Loutfi J. & Nouvart...... 1,529 GKD ENDOWMENT FUND...... 557,617 HALFORD MEMORIAL SCHOLARSHIP FUND, Anne Googooian...... 61,173 GLAVIAN BENLIAN ENDOWMENT FUND, Sona...... 59,391 HALVAJIAN ENDOWMENT FUND, Alice & Kathryn...... 1,999,488 GOENJIAN ENDOWMENT FUND, Lutfik & Arousiak...... 52,151 HAMO ENDOWMENT FUND, Sam & Phyllis...... 3,968 GOERGIZIAN ENDOWMENT FUND, Rev. & Mrs. Arsen...... 108,230 HANCOCK ENDOWMENT FUND, Angele Bedrossian...... 139,087 GOOGOOIAN MEMORIAL SCHOLARSHIP FUND, Louise...... 34,627 HANENIAN ENDOWMENT FUND, Mr. & Mrs. Sarkis...... 2,453 GOORABIAN ENDOWMENT FUND, Mr. & Mrs. Harry...... 15,294 HANESSIAN ENDOWMENT FUND, Christine...... 1,487 GOSTANIAN MEMORIAL FUND, Dorothy...... 7,307 HANESSIAN ENDOWMENT FUND, Nevdon & Sossy...... 17,739 GOSTANIAN MEMORIAL FUND, Esther...... 2,435 HANESSIAN MEMORIAL FUND, Avedis...... 4,262 GOSTANIAN MEMORIAL FUND, Vartanoush & Manoug...... 9,212 HANSEN ENDOWMENT FUND, Zabelle...... 41,883 GOULIAN ENDOWMENT FUND, Mr. & Mrs. Dicran...... 2,702 HANSON ENDOWMENT FUND, Virginia Hanessian...... 3,497 GRALIAN MEMORIAL FUND, Bayzar...... 1,529 HARABEDIAN MEMORIAL FUND, Rose G...... 20,238 GRAY MEMORIAL FUND, J. Harry...... 38,233 HARIKIAN ENDOWMENT FUND, Mr. & Mrs. Diran...... 13,457 GREGORY MEMORIAL FUND, John & Lousaper...... 2,222 HAROOTUNIAN ENDOWMENT FUND, Sena...... 6,514 GRIGGS (BENAYAN) MEMORIAL FUND, Aroos...... 11,280 HAROUTUNIAN ENDOWMENT FUND, Mr. & Mrs. Harry...... 1,415 GROSS MEMORIAL FUND, Diana Melkonian...... 2,529 HAROUTUNIAN MEMORIAL FUND, Yessayi & Makroohi...... 6,039 GUEKGUEZIAN ENDOWMENT FUND, Assadour & Turfanda...... 2,502 HARPOOTLIAN FAMILY MEMORIAL FUND, Charles & Esther.... 187,521 GUEKGUEZIAN ENDOWMENT FUND, Rev. Bernard & Knar...... 46,683 HARTUNIAN ENDOWMENT FUND, Albert & Mary...... 7,009 GUEKGUEZIAN FAMILY ENDOWMENT FUND, Asbed...... 16,323 HARTUNIAN ENDOWMENT FUND, Mr. & Mrs. John...... 5,658 GUEKGUEZIAN MEMORIAL FUND, Rev. Yenouk & Maggie...... 41,083 HARTUNIAN ENDOWMENT FUND, Mrs. Nevdon...... 1,931 GUEKGUEZIAN SCHOLARSHIP FUND, Rev. Bernard...... 23,682 HARTUNIAN/YESAIAN ENDOWMENT FUND, 50 Endowment Funds at July 31, 2019 2018/19

Name of Fund Value Name of Fund Value

Margaret & Robert/Avedis...... 36,423 ISHKANIAN ENDOWMENT FUND, Hagop & Elvira...... 6,969 HARUTUNIAN ENDOWMENT FUND, Mr. & Mrs. John...... 8,719 ISHKANIAN MEMORIAL ENDOWMENT FUND, Harry...... 3,658 HARUTUNIAN FAMILY FUND, Der Sahakian...... 15,808 ISKIAN FAMILY ENDOWMENT FUND...... 21,589 HASERJIAN ENDOWMENT FUND, Nouritza...... 3,368 ISKIYAN THEOLOGICAL SCHOLARSHIP FUND, HASSERJIAN MEMORIAL FUND, Dr. Paul Y. & Margaret...... 42,074 Paul & Arousiag...... 147,885 HASSERJIAN ENDOWMENT FUND, Dr. & Mrs...... 9,462 IZMIRIAN ENDOWMENT FUND, Mr. & Mrs. Luther...... 14,739 HASSERJIAN ENDOWMENT FUND, Mr. & Mrs. Gerard...... 1,574 IZMIRLIAN SCHOLARSHIP FUND, Mr. & Mrs. Shimavon...... 30,428 HASSERJIAN MEMORIAL FUND, Aznive & Satenig...... 20,818 JAMESON ESSAY CONTEST FUND, James...... 281,996 HASSESSIAN ENDOWMENT FUND, Rev. & Mrs. Herald A. G...... 9,868 JAMESON FAMILY ENDOWMENT FUND, James...... 531,028 HATCH ENDOWMENT FUND, Benjamin...... 7,915 JAMGOCHIAN ENDOWMENT FUND, Mr. & Mrs. Aram...... 3,148 HATCH ENDOWMENT FUND, Martin...... 76,151 JAMGOTCHIAN ENDOWMENT FUND, Mrs. Serpouhi...... 4,030 HEGHINIAN MEMORIAL FUND, Rev. Nazareth & Louisa...... 12,473 JANBAZIAN ENDOWMENT FUND, Boghos & Agnes...... 15,358 HEKEMIAN ENDOWMENT FUND, Robert & Colleen...... 10,769 JANBAZIAN ENDOWMENT FUND, Rev. Movses & Louisa...... 260,827 HEKEMIAN FAMILY ENDOWMENT FUND, JANIGIAN MEMORIAL FUND, Antaram...... 1,472 Robert & Mary Jane...... 1,860,201 JANJIGIAN ENDOWMENT FUND, Charles A...... 9,117 HEKEMIAN FAMILY ENDOWMENT TRUST, JANJIGIAN ENDOWMENT FUND, Edward & Lucy...... 441,662 Samuel & Elizabeth...... 5,662,318 JANJIGIAN ENDOWMENT FUND, Edward and Lucy...... 147,074 HEKIMIAN ENDOWMENT FUND, M. Jerry & Margot...... 3,516 JANJIKIAN MEMORIAL FUND, Dr. & Mrs. Hovsep & Mary...... 2,187 HEKIMIAN ENDOWMENT FUND, Dr. & Mrs. J...... 14,983 JEBEJIAN MEMORIAL FUND, Vahe...... 4,862 HEKIMIAN MEDICAL SCHOLARSHIP FUND, Dr. Jacob H...... 64,531 JEDIDIAN EDUCATIONAL FUND, Martha Doodoo...... 236,886 HEKIMIAN MEMORIAL FUND, Aram...... 2,598 JEMELIAN ENDOWMENT FUND, Nerses...... 9,850 HEKIMIAN MEMORIAL FUND, Zeron Jerry...... 2,194 JEMELYAN ENDOWMENT FUND, Jerry...... 2,473 HELVADJIAN ENDOWMENT FUND, Nishan & Armine...... 27,324 JENANYAN ENDOWMENT FUND, John G...... 8,393 HINTLIAN ENDOWMENT FUND, Setrak & Sara...... 40,680 JENANYAN MEMORIAL FUND, Charles H. & Roxy M...... 3,411 HINTLIAN ENDOWMENT FUND, Mr. Neshan G...... 1,574 JERJISIAN SCHOLARSHIP FUND, George & Elizabeth...... 69,177 HINTLIAN FOUNDATION ENDOWMENT FUND...... 7,723 JERNUKIAN MEMORIAL FUND, Haroutune & Dikranouhi...... 3,034 HOOD MEMORIAL FUND, Kimberly Ann...... 1,775 JERYAN ENDOWMENT FUND, Mr. P. H...... 1,976 HOVAGIMIAN ENDOWMENT FUND, Sona...... 1,574 JESRALY ENDOWMENT FUND, Mr. Peter M...... 1,529 HOVAGIMIAN ENDOWMENT FUND, Mr. George...... 11,585 JIGARJIAN MEMORIAL FUND, S. George & Rose...... 7,712 HOVAGIMIAN MEMORIAL FUND, Angele...... 21,111 JIVELEKIAN ENDOWMENT FUND, Luis...... 33,262 HOVAGIMIAN MEMORIAL FUND, Mgrditch & Takouhy...... 11,808 JOHNSON ENDOWMENT FUND, Richard...... 1,574 HOVAGIMIAN RELIGOUS FUND, Rev. Hovey & Jean...... 11,493 JONES MEMORIAL FUND, Sam...... 6,500 HOVANESSIAN ENDOWMENT FUND, Dr. & Mrs. R. A...... 3,059 JOSEPH ENDOWMENT FUND, Mr. & Mrs. Jack & Mary...... 7,318 HOVANESSIAN MEMORIAL FUND, Arakel & Dirouhi...... 22,752 JOUROYAN MEMORIAL FUND, Dick...... 1,782 HOVENANIAN ENDOWMENT FUND, Alice & Phyllis...... 10,614 JUNDANIAN ENDOWMENT FUND, Mr. & Mrs. Thomas...... 12,294 HOVENANIAN ENDOWMENT FUND, Dr. Michael S...... 60,896 KABAKJIAN ENDOWMENT FUND, Haigazoon & Aghavni...... 111,150 HOVENANIAN MEMORIAL FUND, Peter & Sara...... 33,462 KABAKJIAN ENDOWMENT FUND, Rose...... 9,444 HOVENANIAN MEMORIAL FUND, Simon, Bengzede & Mary...... 10,614 KABAKJIAN ENDOWMENT FUND, Mr. & Mrs. Aram...... 2,317 HOVNANIAN ENDOWMENT FUND, Vahak & Hasmig...... 1,721 KABOOLIAN ENDOWMENT FUND, Karekin...... 44,350 HOVNANIAN ENDOWMENT FUND, Dr. H. Philip...... 42,798 KACHADORIAN ENDOWMENT FUND, Mr. & Mrs. Carnick...... 1,574 HOVNANIAN ENDOWMENT FUND, Mr. & Mrs. Hirair...... 2,204 KACHADURIAN ENDOWMENT FUND, Zumruth...... 10,806 HOVNANIAN FAMILY FUND, Jirair & Lil...... 4,984 KACHATUROFF ENDOWMENT FUND, Nora Maya...... 15,403 HOVNANIAN MEMORIAL ENDOWMENT FUND, Dr. August...... 13,139 KADIAN ENDOWMENT FUND, Dr. & Mrs. George...... 3,383 HOVNANIAN MEMORIAL FUND, Albert H...... 2,078 KADIAN FAMILY ENDOWMENT FUND, Gloria...... 5,970 HOVNANIAN MEMORIAL FUND, Joan...... 11,157 KAISERIAN ENDOWMENT FUND, Edward A. & Sara P...... 2,754 HOVNANIAN MEMORIAL FUND, Dr. Philip & Lydia...... 79,822 KALAGIAN MEMORIAL FUND, Kalos, Zabel & Alice...... 153,448 HOWSEPIAN FUND, Awag & Takouhie...... 16,149 KALAIDJIAN ENDOWMENT FUND, Rev. Mihran...... 1,124 HQ-ACOPIAN ENDOWMENT FUND, Mr. & Mrs. Sarkis...... 6,856 KALAIDJIAN ENDOWMENT FUND, Rev. William...... 2,008 HQ-ALBERIAN ENDOWMENT FUND, Marie...... 1,371 KALAYAN ENDOWMENT FUND, Shoushan & Berjouhie...... 4,139 HQ-BALUKJIAN ENDOWMENT FUND, Mr. Harry...... 4,114 KALAYDJIAN ENDOWMENT FUND, Levon...... 5,195 HQ-BEZIRGANIAN ENDOWMENT FUND, George & Pauline...... 6,856 KALAYDJIAN MEMORIAL FUND, Roupen & Marie...... 2,523 HQ-BORANIAN ENDOWMENT FUND, Mr. & Mrs. John...... 1,462 KALEM MEMORIAL FUND, Bettina Josephine...... 12,748 HQ-DARPINIAN ENDOWMENT FUND, Arouss...... 1,854 KALEMKARIAN ENDOWMENT FUND, Mr. & Mrs. George V...... 20,713 HQ-HEKEMIAN ENDOWMENT FUND, Robert & MJ...... 171,782 KALEMKIARIAN ENDOWMENT FUND, Mr. & Mrs. Paul...... 6,598 HQ-HEKEMIAN ENDOWMENT FUND, Samuel & Sandy...... 121,366 KALENIAN ENDOWMENT FUND, Margaret...... 55,077 HQ-JANBAZIAN ENDOWMENT FUND, Movses & Louisa...... 3,474 KALFAYAN ENDOWMENT FUND, Hagop & Eliza...... 17,077 HQ-KALFAYAN ENDOWMENT FUND, Lawrence & Elise...... 2,627 KALFAYAN ENDOWMENT FUND, Dr. & Mrs. Sarkis & Irene...... 88,812 HQ-KURKJIAN ENDOWMENT FUND, Louis & Grace...... 7,351 KALFAYAN ENDOWMENT FUND, Dr. Laura J...... 6,821 HQ-OTHER ENDOWMENT FUNDS...... 4,168 KALFAYAN ENDOWMENT FUND, Rev. & Mrs. Puzant H...... 30,872 HQ-PHILIBOSIAN FOUNDATION FUND, Stephen...... 270,294 KALFAYAN MEMORIAL FUND, Dr. & Mrs. Haroutune & Flora...... 103,469 HQ-SARIAN FOUNDATION FUND...... 1,371 KALFAYAN MEMORIAL FUND, Dr. Asbed...... 5,957 HQ-SHEGOIAN ENDOWMENT FUND, Ardson & Gladys...... 1,371 KALFAYAN MEMORIAL FUND/ZAREH, Luther & Beatrice...... 14,432 HQ-SIMOURIAN ENDOWMENT FUND, John & Michele...... 14,610 KALJIAN MEMORIAL FUND, Leo...... 381,557 HQ-TORIGIAN ENDOWMENT FUND, Andrew & Rose...... 7,305 KALOUSDIAN ENDOWMENT FUND, Albert Sooren & Alice...... 17,146 HUSISIAN ENDOWMENT FUND, John & Rose...... 3,701 KALOUSTIAN ENDOWMENT FUND, Mr. & Mrs. Samuel...... 82,235 ICHKHAN ENDOWMENT FUND, Dr. Vicken...... 1,541 KALUNIAN ENDOWMENT FUND, Mr. & Mrs. Haig...... 1,574 IGNATIUS FUND, Clara...... 11,856 KALVONJIAN ENDOWMENT FUND, Araxie...... 14,808 IGREJA EVANGELICA ARMENIA FUND, De Sao Paolo...... 17,863 KALYN MEMORIAL FUND, Hampton & Grace...... 18,644 ILANJIAN MEMORIAL FUND, Marie...... 2,056 KAPRIELIAN ENDOWMENT FUND, Kapriel...... 1,634 51 2018/19 Endowment Funds at July 31, 2019

Name of Fund Value Name of Fund Value

KARAGOZIAN ENDOWMENT FUND, Zevart...... 2,346 KESHISHIAN MEMORIAL FUND, Siroon...... 5,128 KARAGOZIAN ENDOWMENT FUND, Mr. & Mrs. Albert...... 3,148 KESHISHIAN MEMORIAL FUND, Mr. & Mrs. Mark...... 39,001 KARAKASHIAN ENDOWMENT FUND, Jack & Grace...... 4,454 KETENJIAN MEMORIAL FUND, Beatrice...... 9,176 KARAKASHIAN MEMORIAL FUND, Mr. Karekin...... 2,792 KETENJIAN MEMORIAL FUND, Hagop Markar...... 4,782 KARAMANOUGIAN ENDOWMENT FUND, Vartanoush & Garabed...... 47,982 KETENJIAN MEMORIAL FUND, Yervant & Yulia...... 25,369 KARAMANOUKIAN ENDOWMENT FUND, Ohannes & Araxie...... 92,911 KETEYIAN MEMORIAL FUND, Rose...... 1,975 KARIAN ENDOWMENT FUND, Dr. & Mrs. Bernard K...... 5,940 KEUCHGERIAN MEMORIAL FUND, Marie...... 1,902 KARIAN ENDOWMENT FUND, Dr. Edward & Lucy...... 230,265 KEUHNELIAN ENDOWMENT FUND, John & Gladys...... 125,951 KARIAN MEMORIAL FUND, Michael...... 1,353 KEUHNELIAN ENDOWMENT FUND, Mr. & Mrs. Garabed H...... 134,508 KARJIAN ENDOWMENT FUND, Rev. Hovhannes...... 18,851 KEUSEYAN ENDOWMENT FUND, Mr. & Mrs. John...... 11,685 KARTOZIAN ENDOWMENT FUND, Rev. & Mrs. Haroutune...... 5,219 KEVORKIAN ENDOWMENT FUND, George & Alice...... 33,427 KASABACH ENDOWMENT FUND, Dr. Harry Yervant & Armen...... 25,560 KEVORKIAN ENDOWMENT FUND, Kenneth & Thelma...... 3,672 KASABACH ENDOWMENT FUND, Mrs. Arshalous...... 10,039 KEVORKIAN ENDOWMENT FUND, Mr. & Mrs. Joseph...... 3,950 KASHISHIAN ENDOWMENT FUND, Enock & Mary...... 28,632 KEVORKIAN ENDOWMENT FUND, Mr. & Mrs. Zenas J...... 1,627 KASHMANIAN ENDOWMENT FUND, Hagop & Arousiag...... 12,474 KEVORKIAN ENDOWMENT FUND, Mrs. Frank...... 4,248 KASPARIAN ENDOWMENT FUND #1, Alice Odian...... 47,992 KEYISHIAN ENDOWMENT FUND, Mr. & Mrs. John H...... 45,826 KASPARIAN SCHOLARSHIP FUND #2, Alice Odian...... 47,992 KEYISHIAN ENDOWMENT FUND, Mr. & Mrs. Robinson...... 11,378 KASPARIAN SCHOLARSHIP FUND #3, Alice Odian...... 47,992 KEYISHIAN MEMORIAL FUND, Yamnega...... 1,255 KASPER ENDOWMENT FUND, Dr. & Mrs. Richard L...... 1,574 KHACHADOURIAN MEMORIAL FUND, Rev. Nerses & Gulenia.... 23,021 KASSABIAN ENDOWMENT FUND, Dr. John & Mary...... 4,629 KHACHADOURIAN ENDOWMENT FUND, Mr. & Mrs. Khachadour...... 1,024 KASSABIAN ENDOWMENT FUND, Mr. & Mrs. A. L...... 421,626 KHACHIGIAN MEMORIAL FUND, John & Elizabeth...... 334,637 KASSABIAN ENDOWMENT FUND, Mr. & Mrs. Mihran...... 4,895 KHARAJJIAN MEMORIAL FUND, Nouri & Jemile...... 49,013 KASSARDJIAN ENDOWMENT FUND, Khoren & Kanarik...... 8,382 KHERLOPIAN MEMORIAL FUND, Marie...... 1,950 KASSARJIAN ENDOWMENT FUND, Romeo...... 3,588 KHOUNGANIAN ENDOWMENT FUND, Samuel & Limi...... 4,365 KASSOUNI ENDOWMENT FUND, Rev. & Mrs. Vartkes...... 18,125 KHRIMIAN ENDOWMENT FUND, Rose...... 50,132 KASSOUNY ENDOWMENT FUND, Dr. & Mrs. Dicran Y...... 29,234 KIZIRIAN ENDOWMENT FUND, Jacob & Virginia...... 13,764 KASSOUNY KAVOUKSORIAN EDUCATION FUND, KNADJIAN ENDOWMENT FUND, Peter...... 2,202 Kevork H. & Sirvart...... 5,839 KNADJIAN MEMORIAL FUND, Hagop, Zarouhi, Yetvart...... 6,513 KASSOUNY MEMORIAL FUND, Rev. & Mrs. Yeghia...... 14,461 KNAIAN MEMORIAL FUND, Nighoghos G...... 3,137 KASSOUNY SCHOLARSHIP ENDOWMENT FUND, Arousiag Joy...... 80,936 KOCHAKIAN ENDOWMENT FUND, Giragos & Martha...... 19,678 KAVJIAN ENDOWMENT FUND, Dr. & Mrs. Edward...... 116,342 KOCHAKIAN MEMORIAL FUND, Moushegh & Arshalous...... 91,951 KAY ENDOWMENT FUND, George & Grace...... 21,871 KOEROGHLIAN ENDOWMENT FUND, Rev. Mihran & Beatrice...... 36,958 KAYAIAN ENDOWMENT FUND, Mr. & Mrs. Berge...... 16,376 KOKORIAN ENDOWMENT FUND, Mary...... 2,255 KAYE ENDOWMENT FUND, Dr. & Mrs. Ernest...... 2,932 KOMOORIAN ENDOWMENT FUND, Arika...... 566,334 KAZANJIAN ENDOWMENT FUND, Anna...... 4,054 KONDAKJIAN ENDOWMENT FUND, Albert & Josephine...... 2,370 KAZANJIAN ENDOWMENT FUND, Harry...... 4,582 KONYALIAN ENDOWMENT FUND, Krikor & Anoush...... 35,477 KAZANJIAN ENDOWMENT FUND, John...... 3,950 KOOLAKIAN ENDOWMENT FUND, Mr. Robert G...... 1,320 KAZANJIAN ENDOWMENT FUND, John...... 175,326 KOOMJIAN ENDOWMENT FUND, Mr. & Mrs. A. H...... 1,529 KAZANJIAN ENDOWMENT FUND, Juliette...... 2,510 KOOYUMJIAN ENDOWMENT FUND, Martha...... 3,148 KAZANJIAN ENDOWMENT FUND, Nouritza...... 3,950 KORDZIAN ENDOWMENT FUND, Leon M...... 4,741 KAZANJIAN ENDOWMENT FUND, Mr. & Mrs. Jack...... 1,644 KORENIAN ENDOWMENT FUND, Mr. & Mrs. John...... 64,707 KAZAROSIAN ENDOWMENT FUND, Harry...... 1,377 KOUMJIAN ENDOWMENT FUND, Mr. & Mrs. Dickran H...... 5,053 KAZAROSIAN ENDOWMENT FUND, Mr. & Mrs. Paul...... 1,259 KOUMRIAN ENDOWMENT FUND, Nathan & Makrouhi...... 19,959 KAZAROSIAN MEMORIAL ENDOWMENT FUND, Clara...... 5,454 KOUNDAKJIAN MEMORIAL FUND, Albert & Yevnige...... 17,764 KAZAROSIAN MEMORIAL ENDOWMENT FUND, Louise...... 5,586 KOUNDAKJIAN MEMORIAL FUND, James...... 15,962 KAZAROSIAN MEMORIAL FUND, Rev. B. B. & Mary...... 6,046 KOUNDAKJIAN MEMORIAL FUND, Loutfi & Isgouhi...... 5,807 KAZELIAN/KUMJIAN MEMORIAL FUND...... 2,932 KOUNDAKJIAN MEMORIAL FUND, Rev. Hagop & Mariam...... 2,724 KEHEYAN ENDOWMENT FUND, Dicran & Gulenia...... 10,102 KOUNDAKJIAN/BEREJIKLIAN MEMORIAL FUND...... 48,824 KELEDJIAN MEMORIAL FUND, Takouhi...... 3,965 KOUYOUMDJIAN ENDOWMENT FUND, Silvio Vartan...... 1,454 KELESHIAN MEMORIAL FUND, Karl Karekin...... 65,319 KOUYOUMJIAN MEMORIAL FUND, Dr. Robert G...... 40,012 KELIKIAN ENDOWMENT FUND, Dr. H. & Ovsanna...... 1,574 KOUYOUMJIAN MEMORIAL FUND, Rev. Nerces...... 18,100 KELJIKIAN ENDOWMENT FUND, Sarkis & Madeleine...... 2,298 KOUYOUMJIAN-POLADIAN MEMORIAL FUND, Araxie...... 21,668 KELLIGIAN MEMORIAL FUND, Myron & Helen F...... 20,449 KOUYUMDJIAN ENDOWMENT FUND, Dr. & Mrs. Ascencao...... 4,869 KELLIKIAN MEMORIAL FUND, Bedros & Aznive...... 10,190 KOUZOUKIAN MEMORIAL FUND, Shaka...... 2,792 KENOSIAN MEMORIAL FUND, Charles...... 124,763 KRADJIAN ENDOWMENT FUND, Steve...... 1,632 KEOSIAN MEMORIAL FUND, Robert & Cora...... 1,330 KRIKORIAN ENDOWMENT FUND, Grace & Araxie Chourian...... 12,018 KERBABIAN ENDOWMENT FUND, Rev. & Mrs. Ardashes...... 18,927 KRIKORIAN ENDOWMENT FUND, Haig & Helen...... 2,141 KERBEYKIAN ENDOWMENT FUND, Mr. & Mrs. Edward...... 3,790 KRIKORIAN ENDOWMENT FUND, Haig K. & Rose...... 26,281 KERBEYKIAN SCHOLARSHIP FUND, Jeffrey...... 157,011 KRIKORIAN ENDOWMENT FUND, Hrant, Dolores & Rosanne...... 17,983 KERKASHARIAN ENDOWMENT FUND, Samuel & Satenig...... 16,436 KRIKORIAN ENDOWMENT FUND, Peter K...... 5,965 KERTMENIAN MEMORIAL FUND, Marjorie...... 10,907 KRIKORIAN ENDOWMENT FUND, Serge & Ann...... 191,467 KESHIAN ENDOWMENT FUND, Mr. & Mrs. Harry...... 2,007 KRIKORIAN ENDOWMENT FUND, Yesayi & Jemile...... 1,931 KESHISHIAN ENDOWMENT FUND, Hadji Hagop...... 2,380 KRIKORIAN ENDOWMENT FUND, Dr. & Mrs. Puzant C...... 65,319 KESHISHIAN ENDOWMENT FUND, Kevork...... 1,542 KRIKORIAN ENDOWMENT FUND, Rev. Samuel Coffin...... 52,514 KESHISHIAN ENDOWMENT FUND, Levon & Dickranouhie...... 14,148 KRIKORIAN MEMORIAL FUND, Harry...... 1,846 KESHISHIAN ENDOWMENT FUND, Dr. & Mrs. S. K...... 3,950 KRIKORIAN MEMORIAL FUND, Sarkis Sr...... 3,463 KESHISHIAN MEMORIAL FUND, Garabed S...... 12,790 KULJIAN ENDOWMENT FUND, Edward H...... 1,544 KESHISHIAN MEMORIAL FUND, Jirayr...... 5,431 KUMJIAN ENDOWMENT FUND, Charles J...... 1,931 KESHISHIAN MEMORIAL FUND, Moses & Victoria...... 64,741 KUPALIAN ENDOWMENT FUND, Osanna, Hoohanes & Esther.... 16,314 52 Endowment Funds at July 31, 2019 2018/19

Name of Fund Value Name of Fund Value

KURKJIAN MEMORIAL FUND, Daniel...... 9,038 MARGOSIAN MEMORIAL FUND, Haig...... 9,019 KURKLIAN MEMORIAL FUND, Rose...... 1,632 MARKARIAN ENDOWMENT FUND, Dr. & Mrs. Yervant...... 6,379 KUSSAJIKIAN ENDOWMENT FUND, Hagop Vartivar...... 9,210 MAROUKIAN ENDOWMENT FUND, Mr. Gregory...... 22,308 LAPP ENDOWMENT FUND, Tim & Laura...... 9,590 MARSUBIAN MEMORIAL FUND, Onan & Arousiag...... 1,071 LAZAR MEMORIAL FUND, Isaac N...... 1,809 MASHIKIAN ENDOWMENT FUND, Steve E...... 6,117 LEONIAN ENDOWMENT FUND, Rev. Rene & Sylvie...... 4,188 MAST MEMORIAL ENDOWMENT FUND, Harold E...... 20,238 LEVONIAN EDUCATIONAL TRUST FUND, Y. H. & R...... 1,802,679 MASUMIAN MEMORIAL FUND, Estate of Nathan...... 11,469 LEVONIAN ENDOWMENT FUND, Prof. Lootfi...... 484,315 MATHSON ENDOWMENT FUND, Archie & Stella...... 83,253 LEVONIAN ENDOWMENT FUND, Rev. & Mrs. Puzant Sarkis...... 10,734 MATIGIAN MEMORIAL FUND, Lucy...... 15,865 LEVONIAN MEMORIAL FUND, Elia, Mariam & Louise...... 96,391 MATOSSIAN ENDOWMENT FUND, Alex & Helen...... 11,011 LEVONIAN MEMORIAL FUND, Levon T...... 1,989 MATOSSIAN ENDOWMENT FUND, Dr. Nerses Y. & Ruth...... 7,111 LEVONIAN MEMORIAL FUND, Yervant & Virginia...... 13,390 MATOSSIAN THEOLOGICAL FUND, Mateos & Josephine...... 16,476 LION ENDOWMENT FUND, Alfred Jr. & Pearl...... 16,467 MATTHEWS ENDOWMENT FUND, Mr. & Mrs. Newton C...... 493,747 LOUSIN ENDOWMENT FUND, Mr. & Mrs. Max...... 2,750 MATTHEWS MEMORIAL FUND, Esther...... 3,943 LOUSSARARIAN ENDOWMENT FUND, Hagop & Arsha...... 37,717 MAYBALIAN MEMORIAL FUND, John...... 11,903 LUCAS ENDOWMENT FUND, Mr. & Mrs. Zaven...... 2,519 MC IVER ENDOWMENT FUND, Robert & Myrtle...... 2,255 LULEJIAN ENDOWMENT FUND, Araxie...... 1,016 MCKINNON ENDOWMENT FUND, Rev. Alvin & Dorothy Azadian...... 27,818 LULEJIAN MEMORIAL FUND, John Melkon...... 12,618 MEDZARENTZ ENDOWMENT FUND, Takouhi...... 3,505 MACKITAR ENDOWMENT FUND, Rev. & Mrs. S. M...... 4,595 MEDZIAN ENDOWMENT FUND, Edward & Gloria...... 10,644 MAGARIAN ENDOWMENT FUND, Gasper & Aznive...... 3,059 MEDZIAN ENDOWMENT FUND, Vivian...... 6,346 MAGARIAN MEMORIAL FUND, Armorel M...... 8,872 MEEKER MEMORIAL FUND, Estate of Elise...... 13,892 MAGHAKIAN ENDOWMENT FUND, Armenouhi...... 59,668 MEGERDITCHIAN EDUCATIONAL FUND, George & Varsenig...... 2,741 MAGZANIAN ENDOWMENT FUND, Samuel & Victoria...... 62,215 MEGERDITCHIAN ENDOWMENT FUND, Takouhi...... 15,919 MAGZANIAN MEMORIAL FUND, Manasseh H. & Mary...... 5,922 MEGERDITCHIAN MEMORIAL FUND, Joseph...... 3,799 MAHIGIAN ENDOWMENT FUND, Krikor...... 1,085 MEGERDITCHIAN MEMORIAL FUND, Mary...... 1,632 MAHJOUBIAN ENDOWMENT FUND, Roupen...... 3,950 MEGHRIGIAN ENDOWMENT FUND, Mr. & Mrs. Gary M...... 1,040 MAHSHIGIAN MEMORIAL FUND, Rev. Sdepan H...... 6,590 MEGHRIGIAN FAMILY ENDOWMENT FUND...... 24,037 MAKANIAN MISSIONARY FUND, Rahel & Osanna...... 168,002 MEHAGIAN ENDOWMENT FUND...... 3,712 MALIAN ENDOWMENT FUND, Mr. & Mrs. Arthur...... 55,434 MEKENIAN ENDOWMENT FUND, Araxy...... 1,062 MALJANIAN ENDOWMENT FUND, Edward A...... 58,338 MEKHJIAN ENDOWMENT FUND, Dr. & Mrs. Haroutune...... 1,721 MALOOTIAN MEMORIAL FUND, Estate of Azniv Agnes...... 77,334 MEKITARIAN ENDOWMENT FUND, Azniv & Children...... 2,678 MANASIAN MEMORIAL FUND, Rose...... 1,503 MEKITARIAN MEMORIAL FUND, Arshavir...... 1,989 MANAVIAN MEMORIAL FUND, Rev. & Mrs. Garabed...... 6,580 MELCON ENDOWMENT FUND, Mr. & Mrs. James L...... 16,342 MANGURIAN ENDOWMENT FUND, Mr. & Mrs. Harry...... 11,956 MELCONIAN ENDOWMENT FUND, Melcon & Hilda...... 12,297 MANIS ENDOWMENT FUND, Dr. & Mrs. Edward T...... 1,259 MELEKIAN ENDOWMENT FUND, Frances E...... 2,592 MANISHAGIAN ENDOWMENT FUND, Edward & John...... 71,725 MELIAN ENDOWMENT FUND, Mr. & Mrs. John...... 1,529 MANJELIKIAN ENDOWMENT FUND, Yeghia & Lucy...... 7,999 MELIKIAN ENDOWMENT FUND, Carl B...... 74,237 MANOOGIAN ENDOWMENT FUND, Manoog T...... 59,094 MELIKIAN ENDOWMENT FUND, Mr. & Mrs. Paul...... 3,148 MANOOGIAN ENDOWMENT FUND, Paul C...... 86,914 MELKONIAN ENDOWMENT FUND, Mr. & Mrs. Garabed...... 3,148 MANOOGIAN ENDOWMENT FUND, Mr. & Mrs. Richard...... 1,959 MELKONIAN ENDOWMENT FUND, Rev. John...... 52,690 MANOOGIAN MEMORIAL FUND, Hovhannes & Denchaly...... 3,264 MERJANIAN ENDOWMENT FUND, Garabed & Eftemia...... 6,885 MANOOGIAN MEMORIAL FUND, Leonard A...... 3,117 MERJANIAN ENDOWMENT FUND, Panos & Mariam...... 62,744 MANOOGIAN MEMORIAL FUND, Madeline...... 5,483 MERJANIAN ENDOWMENT FUND, MANOOGIAN MEMORIAL FUND, Vahan & Aghavnie Courian...... 5,391 Dr. & Mrs. Vosgeperan & Josephine...... 108,761 MANOUGIAN ENDOWMENT FUND, Maritza...... 2,362 MESROBIAN MEMORIAL FUND, Serpouhi...... 31,584 MANOUGIAN FAMILY FUND, Nerses & Marie...... 7,328 MESSERLIAN ENDOWMENT FUND, Paul & Geralyn...... 2,454 MANOUKIAN ENDOWMENT FUND, Manouk B. & Moses E...... 8,890 MESSERLIAN ENDOWMENT FUND, Robert & Gloria...... 10,483 MANOUKIAN ENDOWMENT FUND, Moses B. & Rose E...... 41,526 MESTJIAN ENDOWMENT FUND, Rose...... 26,112 MANOUKIAN ENDOWMENT FUND, Paul & Dona...... 1,457 MESTJIAN ENDOWMENT FUND, Dr. Harry...... 2,702 MANOUKIAN MEMORIAL FUND, Elize Kardzair...... 17,464 MGRDICHIAN HEKIMIAN ENDOWMENT FUND, Esther...... 13,774 MANUELIAN ENDOWMENT FUND, Agnes T...... 6,474 MICHAELIAN ENDOWMENT FUND, Donald & Carolyn...... 11,864 MARACHLIAN ENDOWMENT FUND, Samuel & Gladys...... 1,454 MICHAELIAN ENDOWMENT FUND, Lucia...... 2,124 MARANJIAN ENDOWMENT FUND, George & Rosy...... 3,174 MICHAELIAN MEMORIAL FUND, Mary...... 2,728 MARBURGER ENDOWMENT FUND, Dr. & Mrs. Richard & Mary..... 1,097 MICKAELIAN MEMORIAL FUND, Fred & Akabe...... 2,847 MARDEROSIAN ENDOWMENT FUND (MARTYR), MILCONIAN ENDOWMENT FUND, Rose Khatir...... 3,594 Agnes Oskanian...... 20,238 MILLER ENDOWMENT FUND, Anna Chaghatzbanian...... 9,589 MARDEROSIAN ENDOWMENT FUND (MARTYR), Elijha Paul..... 20,238 MINAESIAN MEMORIAL FUND, Rev. Artavazd & Sirpouhi...... 130,742 MARDEROSIAN ENDOWMENT FUND (MARTYR), MINASIAN ENDOWMENT FUND, Onnig & Vartuhi...... 77,228 Lt. Col. Johnny Paul...... 20,238 MINASIAN ENDOWMENT FUND, Vasken...... 1,351 MARDEROSIAN MEMORIAL FUND, Mesrob & Dickranouhi...... 2,994 MINASSIAN ENDOWMENT FUND, Nazaret, Anna & Manoug Ko...... 2,613 MARDIAN ENDOWMENT FUND, Mr. & Mrs. Samuel Jr...... 63,284 MINASSIAN ENDOWMENT FUND, Rev. G. Diran & Lydia...... 42,628 MARDIGIAN ENDOWMENT FUND, Edward & Helen...... 176,128 MINNETIAN ENDOWMENT FUND, Aram Robert & Tiffany N...... 7,700 MARDIGUIAN ENDOWMENT FUND, Arpine...... 20,064 MINNETIAN MEMORIAL FUND, Aram & Nevart...... 43,305 MARDIGUIAN ENDOWMENT FUND, Mr. & Mrs. Steven Y...... 25,264 MIRAK ENDOWMENT FUND, John...... 12,293 MARDIGUIAN MEMORIAL FUND, Lydia Melene...... 2,346 MIRIDJANIAN ENDOWMENT FUND, Dr. Anoush...... 1,574 MARDIROSIAN ENDOWMENT FUND, Mardiros K...... 1,976 MISSAKIAN ENDOWMENT FUND, Dr. & Mrs. Michael...... 7,525 MARDIROSSIAN ENDOWMENT FUND, Mr. & Mrs. Mardiros...... 9,176 MISSIRIAN ENDOWMENT FUND, Mr. & Mrs. John...... 3,059 MARGANIAN ENDOWMENT FUND, Rev. & Mrs. Mardiros...... 43,020 MISSISSYAN ENDOWMENT FUND, Dr. Kegham A...... 27,275 MARGOSIAN ENDOWMENT FUND, Zaven & Gladys...... 3,346 MKITARIAN ENDOWMENT FUND, Joyce...... 1,210 53 2018/19 Endowment Funds at July 31, 2019

Name of Fund Value Name of Fund Value

MOFFSES MEMORIAL FUND, Edwin...... 13,235 NAZARIAN MEMORIAL FUND, Nazareth...... 39,690 MOMJIAN ENDOWMENT FUND, Albert & Esther...... 60,771 NEDOURIAN MEMORIAL FUND, Dickranouhy...... 117,476 MOODOYAN ENDOWMENT FUND, Rev. & Mrs. Hagop...... 27,031 NIGOSSIAN MEMORIAL FUND, Hrandine & Solomon...... 1,619 MOORADIAN ENDOWMENT FUND, Sarah Siranoush...... 3,641 NISHAN ENDOWMENT FUND, Mr. & Mrs. Dagavarian...... 941,366 MOORADIAN ENDOWMENT FUND, Sarkis & Mary Paul...... 63,089 NORADOUNKIAN ENDOWMENT FUND, Mr. & Mrs. Souren...... 1,127 MOORDIGIAN CLINIC FUND, Nazaret & Maritza...... 38,613 NORAIR ENDOWMENT FUND, Anne E...... 4,769 MOOSHOVIAN ENDOWMENT FUND, Aram Zipper...... 83,339 NORIAN ENDOWMENT FUND, Hagop Jay...... 80,051 MOOSHOVIAN RELIEF FUND, Aram Zipper...... 522,183 NORIAN ENDOWMENT FUND, Kevork & Helen...... 10,267 MORADIAN ENDOWMENT FUND, Hon Judge & Mrs Ralph...... 1,529 NOURJIAN ENDOWMENT FUND, Mihran...... 3,922 MORAMARCO ENDOWMENT FUND, Mrs. Zaroohi...... 1,574 NOURKHANIAN MEMORIAL FUND, Alice...... 108,338 MORANIAN MASERIAN ENDWMENT FUND, Manuel M. & Ovsanna...... 25,463 NUYUJUKIAN ENDOWMENT FUND, Rev. & Mrs. Soghomon...... 37,269 MOROUKIAN ENDOWMENT FUND, Virginia...... 3,463 O’BRIEN (TEZEKJIAN) ENDOWMENT FUND, Marguerite...... 6,027 MOUMDJIAN MEMORIAL FUND, Barkev...... 1,017 OFLAZIAN MEMORIAL FUND, Movses & Margaret...... 1,521 MOUMJIAN ENDOWMENT FUND, Hampartzum & Makrouhy...... 14,793 OGHIGIAN ENDOWMENT FUND, Virginia...... 24,730 MOURAD MEMORIAL FUND, H. Khachadour...... 3,140 OHANESIAN ENDOWMENT FUND, Ann...... 1,973 MOURAD MEMORIAL FUND, Richard A...... 2,435 OHANIAN ENDOWMENT FUND, Therese...... 20,683 MOURAD MEMORIAL FUND, Virginia (H.K.)...... 1,542 OHNIGIAN ENDOWMENT FUND, Mr. & Mrs. S...... 15,146 MOURADIAN ENDOWMENT FUND, Albert, Henry & James...... 215,403 OUNAN ESTATE ENDOWMENT FUND, Louise...... 364,205 MOURADIAN ENDOWMENT FUND, Armen M. & Arousiag...... 47,599 OUNJIAN MEMORIAL FUND, Noury & Lydia...... 1,454 MOURADIAN ENDOWMENT FUND, Avedis & Victoria...... 138,071 OUYOUMJIAN ENDOWMENT FUND, Krikor & Emelia...... 78,051 MOURADIAN ENDOWMENT FUND, Herair & Sirvart...... 132,595 PABOOJIAN MEMORIAL FUND, John & Alice H...... 3,940 MOURADIAN ENDOWMENT FUND, Hratch & Kohar...... 77,057 PAKCHOIAN ENDOWMENT FUND, Mr. & Mrs. John D...... 1,373,701 MOURADIAN ENDOWMENT FUND, Leon H...... 99,418 PALOIAN ENDOWMENT FUND, Helen...... 2,678 MOURADIAN ENDOWMENT FUND, Dr. Mary G...... 46,934 PALOUTZIAN MEMORIAL FUND, Jack V...... 2,052 MOURADIAN MEMORIAL FUND, Edward...... 1,454 PAMBAKIAN MEMORIAL FUND, Hagop...... 2,156 MOUSIAN ENDOWMENT FUND, Lee & Azniv...... 62,947 PAMBAKIAN MEMORIAL FUND, Harout...... 1,435 MOVSESIAN ENDOWMENT FUND, Mr. Arthur...... 3,293 PAMBAKIAN MEMORIAL FUND, Madeleine...... 3,558 MOWSESIAN ENDOWMENT FUND, Oozhenig...... 2,523 PAMPEYAN ENDOWMENT FUND, Mr. & Mrs. William H...... 5,286 MUGAR (YEMENIJIAN) MEMORIAL FUND, Mr. & Mrs. Charles & Eliza...... 5,735 PANNOSIAN ENDOWMENT FUND, Jack...... 4,248 MUGAR MEMORIAL FUND, Gregory M. & Maritza M...... 16,316 PANOSSIAN ENDOWMENT FUND, Satenig & Onnig...... 5,789 MUGRDITCHIAN MEMORIAL FUND, Minas & Mihranoush...... 5,674 PAPAZIAN ENDOWMENT FUND, Haig G...... 2,545 MUGRDITCHIAN MEMORIAL FUND, Vram John...... 8,605 PAPAZIAN ENDOWMENT FUND, Dr. Dennis...... 4,759 MUGRDITCHIAN/MUGAR ENDOWMENT FUND, PARAGHAMIAN ENDOWMENT FUND, Berg & Mary...... 11,144 Rev. Youhanna & Ephronia...... 79,281 PARAGHAMIAN ENDOWMENT FUND, Zarman...... 3,489 MUKCHIAN ENDOWMENT FUND, Mugerdich & Mariam...... 4,248 PARECHANIAN ENDOWMENT FUND, D. & M...... 1,731 MUNCHERIAN ENDOWMENT FUND, Krikor & Rosina...... 3,264 PAREGIAN MEMORIAL FUND, George...... 2,573 MURADIAN ENDOWMENT FUND, Sam & Dora...... 15,946 PARMAKS ENDOWMENT FUND, Peter (Puzant)...... 20,389 MURADIAN MEMORIAL FUND, Dora...... 1,844 PARSEGHIAN ENDOWMENT FUND, Richard...... 3,959 MURADIAN MEMORIAL FUND, Lem...... 1,316 PARSEKIAN ENDOWMENT FUND, Lucy & Ned J...... 41,303 MURADIAN MEMORIAL FUND, Murad & Yevkin...... 102,715 PARSEKIAN ENDOWMENT FUND, Sampson & Satineg...... 8,310 MUSHEGAN ENDOWMENT FUND, Mack & Nellie...... 7,012 PARTIN MEMORIAL FUND, Terry Glenn...... 8,350 MUSSELMAN MEMORIAL FUND, George A...... 2,435 PAULSON ENDOWMENT FUND, Paul & Laura...... 48,904 NAHABEDIAN ENDOWMENT FUND, Samuel...... 1,969 PAYNE MEMORIAL FUND, Elizabeth Caraman...... 17,673 NAHABEDIAN ENDOWMENT FUND, Theodore & Benjamin...... 1,529 PEKMEZIAN ENDOWMENT FUND, H...... 11,781 NAHABEDIAN ENDOWMENT FUND, Mr. & Mrs. Theodore...... 1,931 PEREZ ENDOWMENT FUND, Antonio & Carol Bezirganian...... 11,059 NAHIGIAN ENDOWMENT FUND, M. H...... 7,273 PETERS ENDOWMENT FUND, Mr. & Mrs. Leon S...... 15,740 NAHIGIAN ENDOWMENT FUND, Raymond & Marie...... 167,318 PHILIBOSIAN CONTE ENDOWMENT FUND, Sirpuhe & John...... 167,052 NAHIGIAN ENDOWMENT FUND, Mr. & Mrs. Movses...... 5,722 PHILIBOSIAN ENDOWMENT FUND, Fred...... 5,698 NAHIGIAN MEMORIAL FUND, Edward & Kenneth...... 28,159 PHILIBOSIAN ENDOWMENT FUND, George & Alice...... 726,947 NAJARIAN AND FAMILY FUND, Baidzar...... 1,721 PHILIBOSIAN ENDOWMENT FUND, John & Eugenie...... 13,788 NAJARIAN ENDOWMENT FUND, Matthew & Florence...... 1,928 PHILIBOSIAN MEMORIAL ENDOWMENT FUND, Ruth...... 36,332 NAJARIAN ENDOWMENT FUND, Mr. & Mrs. Vay...... 5,508 PHILIBOSIAN TRUST FUND, Stephen...... 16,071,998 NAJARIAN FAMILY ENDOWMENT FUND, Baidzar & Milton...... 42,625 PHILIPIAN ENDOWMENT FUND, Garabed & Myrani...... 39,154 NAJARIAN FAMILY ENDOWMENT FUND, Mourad...... 7,987 PHILLIAN ENDOWMENT FUND, Alex M. & Victoria...... 13,928 NAJARIAN MEMORIAL FUND, George & Elizabeth...... 10,400 PHILLIPIAN MEMORIAL ENDOWMENT FUND, Lucy Kezlarian...... 312,684 NAKASHIAN ENDOWMENT FUND, H. H. & Sons...... 30,125 PHILLIPS ENDOWMENT FUND, George & Suzie...... 9,766 NALBANDIAN ENDOWMENT FUND, Khoren & Seta...... 1,186 PHILLIPS ENDOWMENT FUND, Mr. & Mrs. Gary & Arsine...... 4,431 NALBANDIAN ENDOWMENT FUND, Dr. & Mrs. Vahe...... 15,963 PILAVDJIAN ENDOWMENT FUND, Arslan & Akabi...... 1,632 NALBANDIAN ENDOWMENT FUND, Mr. & Mrs. Jack...... 40,140 PILIBOS MEMORIAL FUND, Alex...... 19,308 NASON FAMILY ENDOWMENT FUND, George B...... 3,895 PIRANIAN ENDOWMENT FUND, Armen...... 1,753 NAZARIAN ENDOWMENT FUND, Alice & Artine...... 12,898 PIRANIAN ENDOWMENT FUND, Simon & Louise...... 94,959 NAZARIAN ENDOWMENT FUND, Alice Artine...... 139,511 PISA ENDOWMENT FUND, Mr. & Mrs. Michael...... 1,574 NAZARIAN ENDOWMENT FUND, George & Louise...... 81,770 POLADIAN ENDOWMENT FUND, Araxie...... 2,922 NAZARIAN ENDOWMENT FUND, George K. & Lucy G...... 14,734 POLADIAN ENDOWMENT FUND, Zabel...... 10,400 NAZARIAN ENDOWMENT FUND, Nazareth, Artin & Yester...... 164,258 POLADIAN ENDOWMENT FUND, Mr. & Mrs. Baruyr A...... 1,259 NAZARIAN ENDOWMENT FUND, Mr. & Mrs. Henri...... 27,149 POLADIAN MEMORIAL ENDOWMENT FUND, Apraham & Zarouhie...... 3,144 NAZARIAN ENDOWMENT FUND, Mr. & Mrs. Nazar...... 1,479 POLADIAN MEMORIAL ENDOWMENT FUND, Sam...... 1,733 NAZARIAN MEMORIAL FUND, Alice...... 6,338 POLOSHIAN MEMORIAL FUND, Narthooe Nahigian...... 1,447,516 NAZARIAN MEMORIAL FUND, Nazar...... 4,276 PRATHER ENDOWMENT FUND, Thomas Dean & Laura...... 14,566 54 Endowment Funds at July 31, 2019 2018/19

Name of Fund Value Name of Fund Value

PROOD ENDOWMENT FUND, Mareza...... 3,238 SHARABJIAN MEMORIAL FUND, Haiganoosh & John...... 6,453 PROODIAN ENDOWMENT FUND, Stella & Mary...... 4,139 SHARIAN ENDOWMENT FUND, Bedros M. & Vartouhi...... 3,368 PUSKULJIAN MEMORIAL FUND, Vartouhie...... 4,113 SHEEN FAMILY TRUST FUND...... 4,614,865 RAINEY ENDOWMENT FUND, Henry & Helen...... 284,164 SHEETS MEMORIAL FUND, Thomas Paul...... 1,668 RAINEY ENDOWMENT FUND, Mr. & Mrs. James H...... 3,950 SHEGOIAN ENDOWMENT FUND, Ardson & Gladys...... 1,641 RAPOPORT ENDOWMENT FUND, Mr. & Mrs. James...... 1,529 SHEKERJIAN ENDOWMENT FUND, Harbig...... 6,743,026 REJEBIAN ENDOWMENT FUND, Vesta...... 2,582 SHERENE ENDOWMENT FUND, Berjouhi K...... 12,618 REJEBIAN ENDOWMENT FUND, Dr. H. & M...... 92,731 SHIPLEY MEMORIAL FUND, Alice M...... 3,978 REJEBIAN ENDOWMENT FUND, Mr. & Mrs. Vahram...... 15,803 SHIRAJIAN LIBRARY FUND, Dr. & Mrs. Eliazar A...... 10,979 REJEBIAN MEMORIAL FUND, Nazareth & Rosa...... 4,525 SHIRAJIAN MEMORIAL FUND, Dr. Emman...... 1,756 REMINGTON MEMORIAL FUND, James Kevin...... 1,114 SHIRINIAN ENDOWMENT FUND, Apisoghom...... 3,862 RENJILIAN ENDOWMENT FUND, Rev. & Mrs. Mihran...... 40,178 SHISHMANIAN MEMORIAL FUND, Alice (Galipse)...... 1,957 ROBERTS ENDOWMENT FUND, Elizabeth B...... 3,059 SHNORHOKIAN ENDOWMENT FUND, Rev. Manasseh...... 48,472 ROBINSON MEMORIAL FUND, Dorothy A...... 29,641 SHNORHOKIAN MEMORIAL FUND, Hovhannes & Victoria...... 2,702 ROUBIAN ENDOWMENT FUND, Dr. & Mrs. Vahe S...... 33,772 SIMONIAN ENDOWMENT FUND, Richard...... 2,147 RUBYAN ENDOWMENT FUND, Rev. & Mrs. P...... 13,092 SIMOURIAN/BAGDASARIAN ENDOWMENT FUND, John & Michele...... 49,701 RUZIAN & FAMILY FUND, Rev. H...... 9,074 SIMPADIAN EDUCATIONAL FUND, Diran...... 10,380 SAATJIAN MEMORIAL FUND, Haiganoush...... 2,569 SIMSIRYAN MEMORIAL FUND, Anahit...... 730,720 SADAKIAN MEMORIAL FUND, Rev. & Mrs. Assadour & Angele...... 6,062 SIPAN ARMENIAN SCHOOL ENDOWMENT FUND...... 321,315 SAFARJIAN ENDOWMENT FUND, David...... 3,654 SIRABONIAN ENDOWMENT FUND, Joseph & Victoria...... 3,862 SAGATELIAN ENDOWMENT FUND, Barkev K...... 2,065 SIRAGANIAN MEMORIAL FUND, Mihran & Arshagouhi...... 81,586 SAHAKIAN MEMORIAL FUND, Joseph & Lucille...... 289,614 SIVASLIAN ENDOWMENT FUND, Peter & Lillian...... 1,994 SAKLEM ENDOWMENT FUND, Rebecca R...... 5,467 SKAGGS SCHOLARSHIP FUND, Seeran & Hazel Ghazarian...... 146,525 SALAKIAN MEMORIAL FUND, Luther...... 1,486 SOGHOMONIAN ENDOWMENT FUND, Mr. & Mrs. Hovhannes...... 1,274 SALIBIAN ENDOWMENT FUND, Souren, Alex, Haig & Nora...... 12,099 SOGHOMONIAN MEMORIAL FUND, Avedis...... 35,347 SALIBIAN ENDOWMENT FUND, Mr. & Mrs. Hrag...... 110,694 SOGOMIAN ENDOWMENT FUND, Rev. & Mrs. Jirair...... 7,605 SALIBIAN ENDOWMENT FUND, SOLAKIAN ENDOWMENT FUND, Dr. & Mrs. Haig...... 3,950 Mr. & Mrs. Kourken & Agnes and Ara...... 22,048 SOUKESIAN FAMILY ENDOWMENT FUND...... 26,142 SALIBIAN ENDOWMENT FUND, Rev. & Mrs. Vahram...... 26,863 SOURENIAN MEMORIAL FUND, Lucy...... 188,470 SALIBIAN MEMORIAL FUND, Henri...... 1,071 STAMBOULIAN ENDOWMENT FUND, Rev. Garabed...... 2,559 SALVERIAN ENDOWMENT FUND, Leon & Arshalouyse...... 109,306 STEDMAN MEMORIAL FUND, Phyllis Corrine...... 2,179 SAMERJIAN ENDOWMENT FUND, Benjamin...... 46,808 STEIN JR. ENDOWMENT FUND, Mr. & Mrs. Joseph...... 5,136 SANOSSIAN ENDOWMENT FUND, Florence & Joseph...... 29,296 STEIN MEMORIAL FUND, Rev. Joseph...... 4,528 SANTURIAN ENDOWMENT FUND, Nubar & Dorothy...... 2,129 STEPHANIAN MEMORIAL FUND, Margaret...... 17,207 SAPRICHIAN ENDOWMENT FUND, Altoon & Sara...... 209,024 STEPHEY ENDOWMENT FUND, Mr. & Mrs. Harry Jr...... 3,148 SARAJIAN MEMORIAL FUND, Mesrop & Mary...... 581,121 SULAHIAN ENDOWMENT FUND, Rev. & Mrs. S. K...... 10,446 SARIAN ENDOWMENT FUND, Mr. & Mrs. Hratch...... 1,223 SURABIAN ENDOWMENT FUND, Varter M...... 12,949 SARIAN FOUNDATION ENDOWMENT FUND...... 42,847 SURGEON MEMORIAL FUND, Adelaide...... 1,730 SARJANIAN ENDOWMENT FUND, Mr. & Mrs. Arshag...... 4,077 TABIBIAN ENDOWMENT FUND, Arshag...... 4,325 SARKISIAN (HOVANESIAN) ENDOWMENT FUND, Altoon...... 14,523 TABIBIAN ENDOWMENT FUND, Ovsanna...... 1,447 SARKISIAN ENDOWMENT FUND, Charles...... 8,206 TAFJEN ENDOWMENT FUND, Dr. Paul...... 21,668 SARKISIAN ENDOWMENT FUND, Dickran M. & Flora G...... 296,949 TALANIAN ENDOWMENT FUND, Paul & Beverly...... 28,609 SARKISIAN ENDOWMENT FUND, Richard & Sylvia...... 30,693 TAMZARIAN ENDOWMENT FUND, Mr. & Mrs. Kay...... 19,878 SARKISIAN ENDOWMENT FUND, Dr. & Mrs. Krikor...... 3,862 TARAKTZIAN ENDOWMENT FUND, Mr. & Mrs. Carlos & Nancy...... 15,376 SARKISIAN MEMORIAL FUND, Edward G...... 31,163 TARZIAN & SEMERJIAN FAMILY ENDOWMENT FUND...... 4,925 SARKISIAN MEMORIAL FUND, Mr. Vartan...... 2,367 TASHIAN ENDOWMENT FUND, Edward & Hovnan...... 1,207,352 SARKISSIAN ENDOWMENT FUND, Hagop & Helene Hasmig...... 1,014 TASHJIAN ENDOWMENT FUND, Grace...... 24,469 SARKISSIAN ENDOWMENT FUND, Rev. Robert & Therese...... 4,966 TASHJIAN ENDOWMENT FUND, Vartan & Lydia...... 5,265 SARKISSIAN MEMORIAL ENDOWMENT FUND, TASHJIAN MEMORIAL FUND, Garabed & Zarouhi...... 24,633 Hovhannes & Haigouhi...... 9,943 TATARIAN ENDOWMENT FUND, Vahan...... 1,753 SARKOSHIAN ENDOWMENT FUND, Araxie...... 43,425 TATARIAN MEMORIAL FUND, Zephyr...... 2,523 SARYAN ENDOWMENT FUND, Mr. & Mrs. Makar...... 3,059 TAVITIAN BAGDIKIAN ENDOWMENT FUND, Santookht...... 1,721 SEELY MEMORIAL FUND, Bob I. & Isabelle...... 15,092 TELFEYAN EVANGELICAL ENDOWMENT FUND...... 188,844 SEMERJIAN ENDOWMENT FUND, Alice & Marjorie...... 32,423 TELFEYAN MEMORIAL FUND, Robert...... 2,615 SENEKJIAN ENDOWMENT FUND, Arshag & Meroum...... 18,493 TELLALIAN MEMORIAL FUND, Ezras & Nellie...... 38,613 SENEKJIAN ENDOWMENT FUND, Arshag & Merum...... 271,072 TERJANIAN ENDOWMENT FUND, Antaram...... 2,702 SERIJANIAN ENDOWMENT FUND, Dicran & Armine...... 76,091 TERZIAN ENDOWMENT FUND, Hranoush Poladian...... 2,668 SERMABEIKIAN ENDOWMENT FUND, Krikor & Anna...... 143,285 TESHKOYAN ENDOWMENT FUND, Nevirag...... 1,931 SERRAJIAN MEMORIAL FUND, Hovhannes & Haiganoush...... 1,892 TEZEKJIAN MEMORIAL FUND, Edward A. & May I...... 17,944 SHACHIAN MEMORIAL FUND, Ann & Lee...... 5,571 TEZEL ENDOWMENT FUND, Jirair & Louise...... 88,418 SHAHINIAN ENDOWMENT FUND, Dr. S...... 1,971 THOMPSON ENDOWMENT FUND, Mr. & Mrs. Misak...... 11,482 SHAHINIAN ENDOWMENT FUND, Mr. & Mrs. Andrew...... 1,574 TILKIAN MEMORIAL FUND, Sarko...... 25,371 SHAHINIAN ENDOWMENT FUND, Mr. & Mrs. S...... 1,284 TILKIAN SCHOLARSHIP FUND, Rev. Garabed & Nevart...... 60,852 SHAKARIAN ENDOWMENT FUND, David B...... 362,005 TOKATLIAN FAMILY ENDOWMENT FUND...... 99,788 SHAKARIAN MEMORIAL FUND, Tzolak Henry...... 7,837 TOOMAYAN MEMORIAL FUND, Dirouhi, Dickran & Meline...... 9,232 SHAMLIAN ENDOWMENT FUND, Dr. Martin...... 3,161 TOOTIKIAN EDUCATIONAL FUND, Juliette...... 6,756 SHAMLIAN MEMORIAL FUND, Arpie & Toros...... 7,234 TOOTIKIAN ENDOWMENT FUND, Rosette...... 1,465 SHAMLIAN MEMORIAL FUND, James Puzant...... 9,444 TOOTIKIAN ENDOWMENT FUND, Rev. Dr. Vahan...... 8,183 SHANOIAN ENDOWMENT FUND, Mr. & Mrs. Peter...... 2,204 TOOTIKIAN MEMORIAL FUND, Keghanoush...... 10,479 55 2018/19 Endowment Funds at July 31, 2019

Name of Fund Value Name of Fund Value

TOPALIAN & FAMILY ENDOWMENT FUND, Mr. & Mrs. Jirair...... 24,278 VOSKIAN ENDOWMENT FUND, Dr. & Mrs. John & Marilyn...... 195,460 TOPALIAN ENDOWMENT FUND, Paul & Naomi...... 4,486 WALKER ENDOWMENT FUND, Russell...... 7,901 TOPALIAN MEMORIAL FUND, Elizabeth...... 2,080 WHEELER MEMORIAL FUND, Olive H...... 1,918 TOPAZIAN ENDOWMENT FUND, Shavarsh...... 75,399 WRITER ENDOWMENT FUND, John & Sarah...... 8,859 TOPOUZIAN ENDOWMENT FUND, Hrant J...... 13,118 YACOUBIAN MEMORIAL FUND, Avedis...... 5,793 TORIGIAN ENDOWMENT FUND, Mr. & Mrs. Andrew & Rose...... 80,007 YAGHSIZIAN MEMORIAL FUND, Hagop & Ephronia...... 17,844 TORO MEMORIAL FUND, Rev. Youhanna...... 1,988 YARALIAN MEMORIAL FUND, Ferida...... 6,713 TOROSIAN MEMORIAL FUND, Viola...... 1,721 YARDEMIAN ENDOWMENT FUND, Marguerite...... 3,189 TOROUNIAN ENDOWMENT FUND, Mr. & Mrs. Anton...... 4,874 YAZEJIAN ENDOWMENT FUND, Ann...... 2,270 TOURIAN ENDOWMENT FUND, Mr. & Mrs. Levon H...... 133,050 YAZEJIAN MEMORIAL FUND, Artin...... 16,889 TOVMASSIAN SCHOLARSHIP FUND, Rev. Edward & Arousiag...... 52,687 YERAMIAN ENDOWMENT FUND, Rev. Arsham K. & Maritza...... 3,493 TOWER LAKES ENDOWMENT FUND, Nazareth Barsumian...... 2,557,368 YERAMIAN MEMORIAL FUND, Arax & Aram...... 788,338 TOZJIAN MEMORIAL FUND, Rena M...... 15,313 YERANIAN ENDOWMENT FUND, Araxie...... 31,679 TROTT MEMORIAL FUND, Arthur & Zarouhi...... 6,500 YERANIAN ENDOWMENT FUND, Rev. & Mrs. Vartan...... 15,785 TURMANIAN ENDOWMENT FUND, Armenie...... 1,742 YERANIAN FAMILY FUND, Misses ...... 3,210 TUTELIAN ENDOWMENT FUND, Mr. & Mrs. Edward...... 1,776 YERETSIAN ENDOWMENT FUND, Dr. & Mrs. Ara...... 24,644 TUTUNJIAN ENDOWMENT FUND...... 1,101 YERVANIAN ENDOWMENT FUND, Mr. & Mrs. Vahe...... 3,573 ULIGIAN ENDOWMENT FUND, Mr. & Mrs. Charles...... 86,315 YESAYIAN ENDOWMENT FUND, Dr. Harry & Merin (Norian)...... 38,613 US MINISTERS RELIEF FUND...... 249,106 YESSAYAN ENDOWMENT FUND, Leon & Haiganoush...... 5,863 VART ENDOWMENT FUND, Richard...... 7,723 YESSAYAN MEMORIAL FUND, Victoria R...... 1,217 VART MEMORIAL FUND, Aharon S. & Nooritza...... 30,409 YETERIAN ENDOWMENT FUND, Veronica M...... 3,299 VARTABEDIAN ENDOWMENT FUND, Dr...... 15,407 YOSEPH ENDOWMENT FUND, June Z. Jorjorian...... 3,238 VARTABEDIAN ENDOWMENT FUND, Mr. & Mrs. Armenag & Mariam...... 65,571 YOUMOUSHAKIAN MEMORIAL FUND, Avedis & Ovsanna...... 39,584 VARTANANTZ & MARTYRS MEM’L END FUND...... 531,271 YOUNG ENDOWMENT FUND, Shakeh Dildabanian...... 55,441 VARTANIAN ENDOWMENT FUND, Kate A...... 11,317 YOUTH CRUSADE 60 TH ANNIVERSARY FUND...... 38,937 VARTANIAN ENDOWMENT FUND, Michael M. & Lily Aghavni...... 41,897 ZANOYAN MEMORIAL FUND, Papken & Marie...... 34,100 VARTANIAN ENDOWMENT FUND, Vahan & Lillie...... 109,897 ZARIFIAN ENDOWMENT FUND, Charles...... 3,950 VARTANIAN ENDOWMENT FUND, Varoujan & Family...... 30,525 ZARIFIAN ENDOWMENT FUND, Rev. & Mrs. John A...... 2,184 VARTANIAN ENDOWMENT FUND, Yervant...... 849,772 ZERON ENDOWMENT FUND, Bydzar...... 158,337 VARTANIAN MEMORIAL FUND, Gladys...... 7,033 ZEROUNIAN ENDOWMENT FUND, Jerry K. & Rose...... 5,877 VARTANIAN MEMORIAL FUND, Mr. & Mrs. John...... 16,639 ZEROUNIAN MEMORIAL FUND, Peruz...... 4,636 VARTIAN ENDOWMENT FUND, V. Michael...... 3,856 ZOOLALIAN MEMORIAL FUND, Charles...... 1,064 VASOYAN MELKONIAN MEMORIAL FUND, Marie...... 7,467

ARMENIA RELIEF ENDOWMENT FUNDS

Name of Fund Value Name of Fund Value

ARMENIA RELIEF ENDOWMENT FUNDS, Various...... 11,779 DUNKAN ENDOWMENT FUND, Lucy T...... 11,403 AGBABIAN ENDOWMENT FUND, H. Hrant and Alidz...... 106,501 ESSEPIAN ENDOWMENT FUND, Dr. & Mrs. John P...... 7,325 AHARONIAN ENDOWMENT FUND, Hrair & Julia...... 3,167 GOPOIAN ENDOWMENT FUND, Haroutune & Mariam...... 4,248 AIVAZIAN ENDOWMENT FUND, Dr. Garo & Emma...... 15,977 GUZELIAN MEMORIAL FUND, Viken...... 10,350 AJEMIAN ENDOWMENT FUND, Edward...... 27,732 HAGOPIAN ENDOWMENT FUND, Mr. & Mrs. Isaac & Lena...... 4,617 ANDONIAN ENDOWMENT FUND, Mihran...... 78,588 HAIG (HAGOPIAN) ENDOWMENT FUND, Grace, Victoria, ANONYMOUS B ENDOWMENT FUND...... 148,740 Mary Gillingham, Virginia Anoush, Yevnige & Diran...... 17,502 ARAKELIAN MEMORIAL FUND, Rosa...... 1,305 HAITAYAN ENDOWMENT FUND, Garabed & Elizabeth...... 5,457 AYRAPETYAN ENDOWMENT FUND, Asya...... 2,612 HASSESSIAN MEMORIAL FUND, Rev. Herald & Siranoush...... 7,206 BABIKIAN ENDOWMENT FUND, Souren...... 1,297 ISKENDERIAN MEMORIAL FUND, Dr. Haig, Nevart & Yerchanik...... 138,013 BAGHDIKIAN ENDOWMENT FUND, Vatche & Elbiz...... 1,374 ISKIKIAN MEMORIAL FUND, Rhoda Habib...... 11,484 BALDADIAN MEMORIAL FUND, Dorothy...... 6,868 JEMELIAN ORPHAN & CHILD CARE FUND, Harry...... 299,947 BALIAN MEMORIAL FUND, Bali Kevork & Veronica...... 34,778 JENANYAN ENDOWMENT FUND, William, Rev. Melkon & Se...... 32,117 BALIAN MEMORIAL FUND, Dikran & Azniv...... 6,224 JUNDANIAN MEMORIAL FUND, Dr. Diane...... 14,260 BALUKJIAN ENDOWMENT FUND, Harry...... 3,611 KASPARIAN SCHOLARSHIP FUND #4, Alice Odian...... 49,303 BARSOIAN MEMORIAL FUND, Leo...... 4,315 KAYE ENDOWMENT FUND, Mr. & Mrs. Vincent...... 5,293 BEDIKIAN FAMILY ENDOWMENT FUND, Arsen...... 5,428 KAZANJIAN TRUST FUND, Hrand & Aghavni...... 10,997 BEDROS MEMORIAL FUND, Edward P...... 1,556 KELEDJIAN MEMORIAL FUND, Shant...... 4,202 BEDROSIAN ENDOWMENT FUND, Elizabeth...... 20,861 KENOSIAN ENDOWMENT FUND, Sarkis & Esther...... 1,673 BEDROSIAN MANASSYAN END. FUND...... 1,318 KENOSIAN ENDOWMENT FUND, Mr. & Mrs. Joseph & Sylvia...... 2,320 CHAKMAKIAN MEMORIAL FUND, Louise...... 2,493 KENOSIAN MEMORIAL FUND, Grace...... 1,242 COMPATRIOTIC UNION OF HABOUSI...... 5,036 KEUHNELIAN ARMENIA RELIEF FUND, Mr. Peter Charles...... 3,221 DAVIDIAN ENDOWMENT FUND, Sarkis & Esther...... 1,673 KHATCHADURIAN MEMORIAL FUND, Mrs. Pailak & Nevart...... 1,841 DAVIDIAN MEMORIAL FUND, Sonia...... 1,913 KHERLOPIAN ENDOWMENT FUND, The John H. & Barig...... 2,877 DER KRIKORIAN MEMORIAL FUND, Annie...... 5,747 KIZIRIAN MEMORIAL ENDOWMENT FUND, Sebouh...... 14,579 DISHMAN ENDOWMENT FUND, Aida Sagan...... 5,673 KOEROGHLIAN ARMENIAN FUND, Rev. Mihran...... 1,325 DONCHIAN, HAJEIAN & CHIRKINIAN FUND...... 16,660 MANGERIAN MEMORIAL FUND, Hagop & Takouhy...... 17,859 DONNIAN MEMORIAL FUND, Mack...... 18,225 MANOOGIAN SMITH MEMORIAL FUND, Nevart...... 1,422

56 Endowment Funds at July 31, 2019 2018/19

ARMENIA RELIEF ENDOWMENT FUNDS

Name of Fund Value Name of Fund Value

MARDEROSIAN MEMORIAL FUND, John Paul...... 1,811 SARKISIAN ENDOWMENT FUND, Evelyn & Deli Sarkis...... 2,987 MASEREJIAN ENDOWMENT FUND, Zareh & Hasmig...... 4,975 SARKISIAN MEMORIAL FUND, Levon...... 1,556 MAYBALIAN ENDOWMENT FUND, Makarditch & Zevart...... 8,625 SEGEL ENDOWMENT FUND, Mr. & Mrs. David A...... 48,597 MAYBALIAN MEMORIAL FUND, Dikran & Fahima...... 1,493 SERMABEIKIAN MEMORIAL FUND, Veronica...... 2,203 MELIDONIAN ENDOWMENT FUND, Bedros & Marie...... 4,925 SEVOYAN MEMORIAL FUND, Charles...... 224,647 MINASIAN ENDOWMENT FUND, Vartuhi...... 13,301 SHACHIAN REARDON MEMORIAL FUND, Karen...... 169,955 MOUSAIAN MEMORIAL FUND, Dickran & Maritza...... 3,420 SHAHINIAN ENDOWMENT FUND, Vahan & Loucine...... 113,046 MUNCHERIAN MEMORIAL FUND, Emanuel & Hagop...... 2,988 SHIRVANIAN AYKANIAN MEM’L FUND, Angel...... 6,952 NAJARIAN MEMORIAL FUND, Krikor K...... 1,586 SHOOSHANIAN ENDOWMENT FUND, Mr. & Mrs. Edward & Lucy...... 71,925 NALBANDIAN ENDOWMENT FUND, Garbis & Ayko...... 2,841 SUVAJIAN MEMORIAL FUND, Charles...... 22,159 NALBANDIAN MEMORIAL FUND, Mr. & Mrs. Hagop & Anahis...... 3,338 TOULOUKIAN ENDOWMENT FUND, Mr. & Mrs. Zaven & Rachel...... 46,521 NAZARIAN ENDOWMENT FUND, Mr. & Mrs. Henry P...... 10,327 TOURYAN MEMORIAL FUND, Rev. Vahram & Adelina...... 31,275 ONANIAN ENDOWMENT FUND, Dr. & Mrs. Edward & Zvart...... 15,883 TUFENKIAN MEMORIAL FUND, Richard...... 70,063 PARSEGHIAN MEMORIAL FUND, George...... 1,648 TUTELIAN MEMORIAL FUND, Stephen...... 2,821 PRIDJIAN MEMORIAL FUND, Karekin & Pauline...... 20,765 VARTABEDIAN ENDOWMENT FUND, Diana & Nishan...... 15,962 SARAFIAN MEMORIAL FUND, Sylvia...... 67,951 ZARTARIAN MEMORIAL FUND, Baghdassar & Hripsime...... 4,091 SARKIS ENDOWMENT FUND, Hratch and Helga...... 71,554 ZOBIAN ENDOWMENT FUND, Joseph & Grace...... 133,324 SARKISIAN BROTHERS FOUNDATION...... 28,498

ARMENIAN EVANGELICAL SCHOOLS OF CALIFORNIA

Name of Fund Value Name of Fund Value

ARMENIAN EVANGELICAL SCHOOL OF CALIFORNIA, Variouis...... 4,047 GROUP ENDOWMENT FUND, Armenian Evangelical School...... 5,243 ABAJIAN MEMORIAL FUND, Yepros...... 3,136 GULDALIAN MEMORIAL FUND, George...... 3,270 ABDULIAN ENDOWMENT FUND, Dr. & Mrs. Daniel H. & Juliette...... 5,876 HANESSIAN ENDOWMENT FUND, Zaven and Ani...... 3,641 ADROUNY ENDOWMENT FUND, Alice...... 2,252 HAZARIAN ENDOWMENT FUND, Dr. Carl...... 6,072 AGBABIAN ENDOWMENT FUND, Hrant & Alidz...... 4,910 HOVIVIAN/KANDARIAN FUND...... 1,931 AGBABIAN ENDOWMENT FUND, Rev. & Mrs. Siragan & Parouhie...... 8,920 ISHKHANIAN ENDOWMENT FUND, Hagop & Elvira...... 2,895 ALEPPO COLLEGE ALUMNI ASSOC...... 3,859 JAMESON FAMILY ENDOWMENT FUND, James...... 1,931 ANDREASSIAN MEMORIAL FUND, Rev. Dikran & Zarouhie...... 10,888 JERNAZIAN MEMORIAL FUND, Rev. Ephraim & Marie...... 20,372 APELIAN ENDOWMENT FUND, Zevart...... 2,895 KALDJIAN ENDOWMENT FUND, Mr. & Mrs. Barkev...... 3,087 APELIAN MEMORIAL FUND, Veronica & Hratch...... 11,579 KALDJIAN MEMORIAL FUND, Samuel...... 4,068 ARMENIAN EVANGELICAL SCHOOL OF NORTH AMERICA, Other...... 59,492 KALFAYAN MEMORIAL FUND, Dr. Asbed...... 6,987 ARZOOYAN ENDOWMENT FUND, Archie...... 7,722 KHANJIAN ENDOWMENT FUND, Zaven and Sona...... 15,060 ASHKARIAN ENDOWMENT FUND, Mr. & Mrs. Vahe...... 9,681 KHANJIAN ENDOWMENT FUND, Mr. & Mrs. Dikran...... 1,447 ASHKARIAN MEMORIAL FUND, Beatrice...... 24,399 KHANJIAN ENDOWMENT FUND, Mr. & Mrs. Vazken...... 21,080 BAGHDIKIAN ENDOWMENT FUND, Mr. & Mrs. Barkev...... 3,890 KRIKORIAN ENDOWMENT FUND, Dr. & Mrs. Puzant...... 3,859 BALIAN MEMORIAL FUND, Ohannes...... 3,407 LUTHER DERIAN MEMORIAL FUND...... 3,339 BARAN MEMORIAL FUND, Ara...... 59,622 MAKARIAN ENDOWMENT FUND, Yervant & Hrant...... 1,931 BARDAKJIAN MEMORIAL FUND, George...... 3,473 MENESHIAN MEMORIAL FUND, Avedis & Nora...... 8,831 BEZIRGANIAN ENDOWMENT FUND, Dr. & Mrs. George...... 1,931 MENESHIAN MEMORIAL FUND, Marie...... 4,167 BEZJIAN MEMORIAL FUND, Hagop...... 26,449 MOURADIAN ENDOWMENT FUND, Herair & Sirvart...... 7,722 BEZJIAN MEMORIAL FUND, Hagop K...... 5,810 MOURADIAN ENDOWMENT FUND, Hratch & Kohar...... 8,639 BOOLGHOORJIAN MEMORIAL FUND, Anahis...... 14,957 PHILIBOSIAN FOUNDATION FUND, Stephen...... 37,294 CHARKHEDIAN ENDOWMENT FUND, Raffi...... 13,069 SANOSSIAN MEMORIAL FUND, Hagop...... 3,638 DARAKJIAN ENDOWMENT FUND, Drs. Nazareth & Ani...... 47,077 SARIAN ENDOWMENT FUND, Dr. & Mrs. Norair...... 6,514 DARAKJIAN ENDOWMENT FUND, Rev. Barkev & Armine...... 15,369 SARKIS MEMORIAL FUND, Missak & Elizabeth...... 112,679 DEMIRJIAN MEMORIAL FUND, Beatrice...... 91,666 SHEGOIAN ENDOWMENT FUND, Ardson & Gladys...... 21,327 DER MATEOSSIAN MEMORIAL FUND, Mateos...... 4,847 STUDENT AID ENDOWMENT FUND...... 1,167 EKMEKJI MEMORIAL FUND, Eugene & Nazeli...... 28,327 TER OHANESSIAN MEMORIAL FUND, Dr. Gregor...... 7,383 FERMANIAN MEMORIAL FUND, Krikor...... 10,533 VANERIAN ENDOWMENT FUND, N. S...... 8,808 GARABEDIAN MEMORIAL FUND, Hagop...... 3,188 VARTANIAN MEMORIAL FUND, Gladys...... 9,651 GOERGIZIAN ENDOWMENT FUND, Rev. Arsen...... 1,931

ARMENIAN EVANGELICAL SCHOOLS OF CALIFORNIA - CUSTODIAL ACCOUNTS

Name of Fund Value BEZJIAN SCHOLARSHIP FUND, Albert & Terry...... 111,795 GARJIAN CHARITABLE TRUST, Ms. Lucy...... 506,068

57 2018/19 Endowment Funds at July 31, 2019

ARMENIAN EVANGELICAL SCHOOLS OF LEBANON Papken & Helen Mugrditchian Endowment Fund

Name of Fund Value Name of Fund Value

MUGRDITCHIAN EDUCATIONAL ENDOWMENT FUND, GULESSERIAN ENDOWMENT FUND, Maurice and Berjouhy...... 20,080 Papken and Helen...... 610,343 HADIDIAN ENDOWMENT FUND...... 46,055 HADIDIAN ENDOWMENT FUND-ANJAR...... 46,055 Matching Endowment Funds HADIDIAN MEMORIAL ENDOWMENT FUND, Dr. Henry A...... 3,119 ARMENIAN EVANGELICAL SCHOOL LEBANON, Other...... 206,891 NALBANDIAN ENDOWMENT FUND, Khoren and Seta...... 23,803 ARMENIAN WOMEN'S EDUCATION CLUB...... 6,215 OUZOUNIAN ENDOWMENT FUND, Mr. & Mrs. Mike...... 256,787

AVEDISIAN SCHOOL ENDOWMENT FUNDS Name of Fund Value

AVEDISIAN SCHOOL ENDOWMENT FUND, Other...... 4,405,729 TALENTO ENDOWMENT FUND, Joseph L. and Mary Sourenian...... 8,090 ZERONIAN ENDOWMENT FUND, Marilyn and Joe...... 19,882

CHURCHES AND MISSION DEVELOPMENT FUNDS-EURASIA Name of Fund Value TALENTO ENDOWMENT FUND, Joseph L. and Mary Sourenian...... 5,325

HAIGAZIAN UNIVERSITY ENDOWMENT FUNDS

Name of Fund Value Name of Fund Value HAIGAZIAN UNIVERSITY ENDOWMENT FUNDS, Various...... 56,450 BASMAJIAN ENDOWMENT FUND, Miss ...... 7,760 ABAJIAN ENDOWMENT FUND, Henry K. & Gladys...... 5,802 BEDIGIAN ENDOWMENT FUND, George...... 3,799 ABAJIAN ENDOWMENT FUND, Mr. & Mrs. George...... 1,933 BELIAN ENDOWMENT FUND, Aram Y...... 189,777 ABDULIAN ENDOWMENT FUND, Daniel H. & Juliette...... 9,331 BELIAN ENDOWMENT FUND, Dr. & Mrs. G...... 1,933 ABDULIAN ENDOWMENT FUND, H. Jack & Joyce...... 2,320 BERBERIAN ENDOWMENT FUND, Antranig...... 3,119 ADROUNY ENDOWMENT FUND, Dr. & Mrs. Zaven A...... 3,653 BERBERIAN ENDOWMENT FUND, Haig...... 91,309 AGBABIAN ENDOWMENT FUND, Dr. Mihran & Elizabeth...... 16,859 BESHAR ENDOWMENT FUND, Edward H. & Isabelle...... 1,317 AGBABIAN ENDOWMENT FUND, Mr. & Mrs. Hrant...... 3,725 BEZIRGANIAN ENDOWMENT FUND, Dr. George & Mary...... 3,761 AGBASHIAN ENDOWMENT FUND, Mr. & Mrs. Aggie G...... 1,880 BEZJIAN ENDOWMENT FUND, Mr. & Mrs. Hagop...... 14,609 AHARONIAN ENDOWMENT FUND, Hrair & Julia...... 49,899 BIZDIKIAN ENDOWMENT FUND, Nishan H...... 15,345 AJEMIAN ENDOWMENT FUND, Hripsime & Hovakim...... 10,741 BOSNIAN ENDOWMENT FUND, Luther...... 13,536 AJEMIAN ENDOWMENT FUND, Peter & Ann...... 3,761 BOYAJIAN ENDOWMENT FUND, Dr. & Mrs. Jirair...... 1,880 AKIN ENDOWMENT FUND, Mr. & Mrs. Wayne M...... 1,128 BUCK ENDOWMENT FUND, Mr. & Mrs. C...... 1,183 ARCHIBALD ENDOWMENT FUND, Mary L...... 10,162 CARR ENDOWMENT FUND, Robert W...... 1,825 ARIZONA WHOLESALE SUPPLY CO...... 4,835 CONSTANTIAN MEMORIAL FUND, Avedis...... 29,723 ARMENIAN CONG’L CHURCH CHICAGO...... 1,096 DADOURIAN ENDOWMENT FUND, Haroutun...... 27,192 ARMENIAN MISSIONARY ASSOCIATION, Argentina...... 2,623 DAGHLIAN ENDOWMENT FUND, Nazar & Lucy...... 3,545 ARMENIAN PRESBYTERIAN COMMUNITY, Washington DC...... 1,825 DARAKJIAN SCHOLARSHIP FUND, Rev. Barkev & Armine...... 43,912 ASHJIAN ENDOWMENT FUND, Dr. & Mrs. Leon...... 3,653 DARPINIAN ENDOWMENT FUND, Dr. Haig Robert...... 6,537 ATIMION ENDOWMENT FUND, Mr. & Mrs. Leo...... 7,519 DE CERVANTES ENDOWMENT FUND, Mr. & Mrs. George...... 3,653 AVAKIAN ENDOWMENT FUND, Mr. & Mrs. Hemayak...... 11,280 DEMIRJIAN ENDOWMENT FUND, Mr. & Mrs. Harold A...... 67,679 BABIKIAN EDUCATIONAL FUND, Prof. Souren & Alice...... 6,982 DERAD ENDOWMENT FUND, Mother...... 7,754 BADEER ENDOWMENT FUND, Augustine & Vergine...... 41,359 DERENTZ ENDOWMENT FUND, Hagop & Seda...... 3,867 BAHUTH ENDOWMENT FUND, Dr. J. J...... 1,825 DICKRANIAN ENDOWMENT FUND, Mr. & Mrs. Archie...... 5,802 BAKAMJIAN SCHOLARSHIP FUND, Santoukht & Yeghia...... 77,534 DILDILIAN ENDOWMENT FUND, Aram...... 1,015 BAKMAZIAN ENDOWMENT FUND, Mr. & Mrs. Param...... 1,503 DINGILIAN FAMILY FUND...... 155,648 BALIAN FAMILY ENDOWMENT FUND...... 3,260 DIRAN ENDOWMENT FUND, Arsen & Varteni...... 826,722 BALUKJIAN ENDOWMENT FUND, Harry...... 15,935 DIRAN SCHOLARSHIP AWARDS, Mary...... 80,516 BARSAMIAN ENDOWMENT FUND, Edward B...... 20,473 FESJIAN ENDOWMENT FUND, Suren & Virginia...... 16,026 BARSAMIAN ENDOWMENT FUND, Hagop K. & Virginia...... 1,880 FIRST PRESBYTERIAN CH BERKELEY...... 1,503 BARSUMIAN ENDOWMENT FUND, George Jr. & Helen...... 63,406 GABRELLIAN & JESSOURIAN ASSOC...... 1,825 BARSUMIAN TOWER LAKES FOUNDATION, George N...... 32,872 GALBEDIAN MEMORIAL FUND, Sylvia...... 14,570 BASHIAN ENDOWMENT FUND, Mr. & Mrs. Edward...... 7,519 GARABEDIAN ENDOWMENT FUND, John...... 3,653 BASHIAN ENDOWMENT FUND, Mrs. George...... 1,825 GARABEDIAN ENDOWMENT FUND, Joseph & Edward...... 7,787

58 Endowment Funds at July 31, 2019 2018/19

HAIGAZIAN UNIVERSITY ENDOWMENT FUNDS (Cont’d)

Name of Fund Value Name of Fund Value

GECHIJIAN ENDOWMENT FUND, Narthoohy...... 1,196 KONDAKJIAN ENDOWMENT FUND, Mr. & Mrs. Daniel...... 1,825 GERTMENIAN ENDOWMENT FUND, Henry & Eunice...... 483,463 KOOLAKIAN ENDOWMENT FUND, Robert...... 1,460 GRIMSLEY ENDOWMENT FUND, Dr. & Mrs. Glen & Helen...... 144,013 KRAJIAN MEMORIAL FUND, Joseph M...... 4,872 GULBENKIAN FOUNDATION, INC., Gullabi...... 91,852 KURKJIAN MEMORIAL FUND, Louis & Mary...... 240,874 GULESSERIAN ENDOWMENT FUND, Levon & Shake...... 6,513 LEVONIAN MEMORIAL FUND, Victoria...... 7,305 GULESSERIAN ENDOWMENT FUND, Dr. & Mrs. Hrair...... 7,366 M.T.D. DEV. CO. ENDOWMENT FUND...... 7,252 GULESSERIAN ENDOWMENT FUND, Dr. Stepan...... 10,957 MACER ENDOWMENT FUND, Dr. & Mrs. George A...... 2,191 GURLEKIAN ENDOWMENT FUND, Rev. & Mrs. Hagop...... 21,624 MALJANIAN ENDOWMENT FUND, Daniel E...... 2,363 H.C. 25TH ANNIVERSARY FUND...... 1,654,339 MANOOGIAN ENDOWMENT FUND, Mr. & Mrs. Alex...... 97,756 H.U. ENDOWED CAPITAL FUND...... 89,891 MARDIAN ENDOWMENT FUND, Mr. & Mrs. Aram...... 1,825 HADIDIAN ENDOWMENT FUND, Dr. & Mrs. Henry...... 2,022 MARKARIAN ENDOWMENT FUND, Mr. & Mrs. Richard R...... 4,321 HAIG ENDOWMENT FUND, Dr. P. Vahe & Alice...... 2,030 MARKARIAN SCHOLARSHIP FUND*, Dr. John J...... 112,796 HAIGAZIAN 50TH ANNIVERS. FUND...... 69,090 MARKARIAN SCHOLARSHIP FUND, Hagop Gerrit Verkuyl...... 3,162 HAIGAZIAN UNIV. E.S.I. FUND...... 160,992 MARKARIAN SCHOLARSHIP FUND, Dr. John J...... 5,059 HAIGAZIAN UNIVERSITY ENDOWMENT FUND, Other...... 651,878 MATHSON ENDOWMENT FUND, Archie & Stella...... 14,935 HAJAKIAN ENDOWMENT FUND, Yegishe & Maro...... 1,460 MATOSSIAN ENDOWMENT FUND, Dr. Nerses Y. & Ruth...... 3,867 HAJINLIAN ENDOWMENT FUND, Karnig & Dikranouhi...... 15,038 MATOSSIAN MEMORIAL FUND, Arthur...... 161,714 HALEBIAN ENDOWMENT FUND, Mr. & Mrs. Michael...... 7,519 MEDZIAN ENDOWMENT FUND, Mr. & Mrs. Stanley S...... 12,356 HALFORD ENDOWMENT FUND, Anne...... 4,136 MEGHRIGIAN FAMILY FUND...... 1,880 HARIKIAN SCHOLARSHIP FUND, Virginia...... 104,291 MEHAGIAN FAMILY MEMORIAL FUND, A. S...... 1,491,123 HASERJIAN ENDOWMENT FUND, Harold & Elizabeth...... 7,735 MEHAGIAN MEMORIAL FUND, Leon...... 8,594 HINTLIAN ENDOWMENT FUND, Mrs. Sirvart...... 9,483 MEKHJIAN ENDOWMENT FUND, Dr. & Mrs. Haroutune...... 3,761 HOVANESSIAN ENDOWMENT FUND, Dr. & Mrs. R. A...... 1,825 MELIKIAN ENDOWMENT FUND, Mr. & Mrs. Gregory J...... 4,640 HOVNANIAN ENDOWMENT FUND, Dr. & Mrs. August...... 1,825 MERDINIAN ENDOWMENT FUND, Miss Elise...... 93,997 HOVNANIAN ENDOWMENT FUND, Dr. H. Philip...... 4,017 MESSABIAN FUND...... 2,272 HU60-ANONYMOUS ENDOWMENT FUND...... 73,620 MICHAELIAN ENDOWMENT FUND, Donald & Carolyn...... 8,135 HU60-CONTE FOUNDATION ENDOWMENT FUND, MOORADIAN ENDOWMENT FUND, Sarkis & Mary Paul...... 32,224 Sirpouhi & John...... 73,620 MOORADIAN ENDOWMENT FUND, Mr. & Mrs. M. Edward...... 2,501 HU60-DARAKJIAN ENDOWMENT FUND, Nazareth & Ani...... 76,930 MORANIAN ENDOWMENT FUND, Dr. & Mrs. Thomas...... 3,761 HU60-HAIGAZIAN UNIVERSITY 60TH ANNIVERSARY FUND..... 212,330 MOROTT MEMORIAL FUND, Agnes...... 183,000 HU60-HOVNANIAN FOUNDATION ENDOWMENT FUND, MUGAR ENDOWMENT FUND, Stephen...... 148,263 Hirair & Anna...... 96,309 MURADIAN ENDOWMENT FUND, Sam & Dora...... 31,426 HU60-KURKJIAN FAMILY ENDOWMENT FUND, Louis & Grace...... 97,526 NAHIGIAN ENDOWMENT FUND, Mr. & Mrs. Raymond...... 3,459 HU60-NAZARIAN ENDOWMENT FUND, Nora...... 96,162 NAJARIAN ENDOWMENT FUND, Mr. & Mrs. Vay...... 1,880 HU60-PHILIBOSIAN FOUNDATION ENDOWMENT FUND, NALBANDIAN ENDOWMENT FUND, Mr. & Mrs. Khoren...... 1,096 Stephen...... 40,888 NALBANDIAN FARMS INC...... 7,305 HU60-PHILLIPS SR. ENDOWMENT FUND, George...... 24,312 NAZARIAN ENDOWMENT FUND, Mr. & Mrs. Nazar...... 3,653 HU60-SARKIS ENDOWMENT FUND, Hratch & Helga...... 57,937 NISHAN ENDOWMENT FUND, Mr. & Mrs. Dagavarian...... 413,633 HU60-ZERONIAN ENDOWMENT FUND, J & M...... 17,665 OGLUKIAN MEMORIAL FUND, Levon...... 18,236 IPJIAN ENDOWMENT FUND, Mr. & Mrs. John C...... 1,825 OHAN ENDOWMENT FUND, Ellen Markarian...... 2,129 ISHKANIAN ENDOWMENT FUND, Hagop & Elvira...... 3,288 PARSEGHIAN ENDOWMENT FUND, Haigazoon...... 29,008 J.M. SPECIAL STIPEND FUND...... 14,500 PARSEKIAN ENDOWMENT FUND, Mr. & Mrs. Ned J. Esq...... 8,836 JAMENTZ ENDOWMENT FUND, Dr. Samuel...... 1,460 PETERS MEMORIAL SCHOLARSHIP FUND, Leon S...... 395,164 JANJIGIAN ENDOWMENT FUND, Papken V...... 2,131 PHILIBOSIAN ENDOWMENT FUN, Mr. & Mrs. Fred...... 1,825 JANJIGIAN MEMORIAL SCHOL. FUND, S.B. & Louise...... 61,753 PHILIBOSIAN FOUNDATION FUND, Stephen...... 97,967 JAVIAN ENDOWMENT FUND, Mr. & Mrs. George...... 1,880 PIRANIAN ENDOWMENT FUND, Mr. & Mrs. Poozant...... 4,182 JIVELEKIAN ENDOWMENT FUND, Mrs. Luis & Ramilda...... 98,617 POLADIAN ENDOWMENT FUND, Jack H...... 24,710 JUSKALIAN ENDOWMENT FUND, Mardie...... 5,497 RASSAM ENDOWMENT FUND, George...... 1,096 KABASAKALIAN ENDOWMENT FUND, Mr. & Mrs. Peter...... 1,300 REJEBIAN ENDOWMENT FUND, Mr. & Mrs. Vahram...... 8,700 KACHADURIAN MEMORIAL FUND, Zumruth...... 13,581 REJEBIAN SCHOLARSHIP FUND, Rev. & Mrs. S. M...... 15,046 KALEMKARIAN ENDOWMENT FUND, Mr. & Mrs. George V...... 6,431 ROUBIAN ENDOWMENT FUND, Genevieve...... 6,579 KALENIAN ENDOWMENT FUND, Armen K. & Mary D...... 48,095 RUBYAN ENDOWMENT FUND, Rev. Puzant...... 1,096 KAMBORIAN ENDOWMENT FUND, Mr. & Mrs. Jacob...... 2,593 SALIBIAN MEMORIAL FUND, Mihran & John...... 27,426 KAPIGIAN ENDOWMENT FUND, Mr. & Mrs. Arshag...... 3,761 SANOIAN ENDOWMENT FUND, Henry P. & Nancy...... 3,190 KAPIKIAN ENDOWMENT FUND, Mr. & Mrs. Carl...... 2,990 SARIAN ENDOWMENT FUND, Dr. & Mrs. Jirair...... 5,844 KARAGHEUSIAN ENDOWMENT FUND, A. & M...... 1,933 SARIAN FOUNDATION FUND...... 19,472 KARAGHEUSIAN ENDOWMENT FUND, Miss Leila...... 18,800 SARJANIAN ENDOWMENT FUND, Mr. & Mrs. Arshag...... 1,825 KARAKOOSHSCHOLARSHIPFD FOR MUSIC, Sophie...... 15,947 SARKISIAN MEMORIAL FUND, Edward G...... 13,426 KARAMANOUGIAN ENDOWMENT FUND, Vartanoush & Garabed...... 3,290 SAROUNIE ENDOWMENT FUND, Yeran (Pailoun)...... 3,577 KASSABIAN ENDOWMENT FUND, Dr. Mihran K...... 69,221 SCHOLARSHIP AWARDS FUND, Mary Diran...... 80,516 KATCHADOURIAN ENDOWMENT FUND, Dr. & Mrs. Herant...... 3,761 SEMERJIAN ENDOWMENT FUND, Marjorie & Alice...... 41,249 KESHISHIAN ENDOWMENT FUND, Mr. & Mrs. G...... 5,742 SENECA ENDOWMENT FUND, Dr. Harry...... 3,761 KEUHNELIAN ENDOWMENT FUND, G. H...... 51,928 SERMABEIKIAN ENDOWMENT FUND, Krikor & Anna...... 3,761 KEYISHIAN ENDOWMENT FUND, Mr. & Mrs. John H...... 3,761 SHARIAN ENDOWMENT FUND, Mr. & Mrs. Bedros Sr...... 2,885 KHANJIAN ENDOWMENT FUND, Dr. & Mrs. John & Pauline...... 22,748 SHEGOIAN ENDOWMENT FUND, Mr. & Mrs. Ardson...... 1,483 KISH ENDOWMENT FUND, Mr. & Mrs. Zaven A...... 8,460 SISLIAN ENDOWMENT FUND, Mr. Robert...... 2,463

59 2018/19 Endowment Funds at July 31, 2019

HAIGAZIAN UNIVERSITY ENDOWMENT FUNDS

Name of Fund Value Name of Fund Value

SOGHOMONIAN ENDOWMENT FUND, Avedis...... 4,017 TOPALIAN ENDOWMENT FUND, Mr. & Mrs. Jirair...... 18,262 SOURENIAN MEMORIAL FUND, Shavarsh & Lucy...... 231,812 TOPJIAN ENDOWMENT FUND, Armen...... 9,793 TABOURIAN ENDOWMENT FUND, Garbis & Ida...... 1,880 TOULOUKIAN FOUNDATION FUND...... 1,161 TASHJIAN ENDOWMENT FUND, Mr. & Mrs. Hurant...... 1,880 TOWER LAKES FOUNDATION FUND, George Barsumian...... 32,872 TAVIDIAN ENDOWMENT FUND, Esteban...... 1,825 TUFENKIAN MEMORIAL FUND, Ruben & Pailazou...... 60,166 TCHAKEDJIAN ENDOWMENT FUND, Avedis & Vergine...... 91,309 TURPANJIAN FAMILY ENDOWMENT FUND...... 77,535 TERJIMANIAN ENDOWMENT FUND, Hagop & Anahid...... 7,086 VARIOUS ACCOUNTS FUND...... 1,063 TILKIAN ENDOWMENT FUND, Dr. & Mrs. Ara...... 20,454 WOMEN’S AUXILIARY LOS ANGELES...... 175,739 TILKIAN ENDOWMENT FUND, Dr. Sarko & Rita...... 10,442 YESSAIAN ENDOWMENT FUND, Mr. & Mrs. Charles...... 3,761 TOKATLIAN ENDOWMENT FUND, Mr. & Mrs. Melik...... 1,880 ZAKARIAN ENDOWMENT FUND, Mrs. Mihran...... 1,235 TOPALIAN ENDOWMENT FUND, Socrat...... 1,483

HEALTH CARE MISSION FUND

Name of Fund Value HEALTH CARE MISSION FUND, Other...... 3,993

MINISTERS’/MINISTERS WIDOWS’ PENSION FUNDS

Name of Fund Value Name of Fund Value KARIAN ENDOWMENT FUND, Dr. & Mrs. Edward...... 2,467 MINISTERS’/MINISTERS WIDOWS’ PENSION FUNDS, Various.... 21,651 KARIAN ENDOWMENT FUND, Dr. Bernard...... 2,467 ABAJIAN ENDOWMENT FUND, Henry K. & Gladys...... 2,467 KEUHNELIAN ENDOWMENT FUND, Dr. & Mrs. John...... 3,330 ABAJIAN ENDOWMENT FUND, Thelma...... 2,467 KEUHNELIAN ENDOWMENT FUND, Mr. & Mrs. Garabed H...... 2,666 ABDULIAN ENDOWMENT FUND, Dr. & Mrs. Daniel H. & Juliette..... 3,455 KRIKORIAN ENDOWMENT FUND, Dr. & Mrs. P. C...... 4,256 ABDULIAN ENDOWMENT FUND, Dr. & Mrs. Jack H...... 2,467 LEVONIAN ENDOWMENT FUND, Dr. & Mrs. Rendel...... 2,467 ABDULIAN ENDOWMENT FUND, Dr. & Mrs. Misak...... 2,467 LION ENDOWMENT FUND, Mr. & Mrs. Herbert...... 2,467 AGBABIAN ENDOWMENT FUND, Dr. & Mrs. Mihran S...... 2,467 LOSHKAJIAN ENDOWMENT FUND, Mr. & Mrs. Theodore T...... 1,233 AGBABIAN ENDOWMENT FUND, Mr. & Mrs. Hrant H...... 2,538 MANOOGIAN ENDOWMENT FUND, Mr. & Mrs. Alex...... 2,467 ANONYMOUS - 6 ENDOWMENT FUND...... 15,139 MARDIAN ENDOWMENT FUND, Sam Sr...... 1,616 ARMENIAN MARTYRS CONG. CH FUND...... 13,440 MASHIKEN ENDOWMENT FUND, Steve...... 2,297 ATTARIAN ENDOWMENT FUND, James E. & Virginia...... 11,274 MEDZIAN ENDOWMENT FUND, Mr. & Mrs. Stanley S...... 2,467 AYNILIAN ENDOWMENT FUND, Mr. & Mrs. Nerses...... 2,467 MEHAGIAN ENDOWMENT FUND, Mr. & Mrs. A. Stephen...... 1,480 BAGDASARIAN MEMORIAL FUND, Lily Sophie...... 11,033 MERDINIAN ENDOWMENT FUND, Miss Elise...... 2,467 BALUKJIAN ENDOWMENT FUND, Harry...... 1,256 MERJANIAN ENDOWMENT FUND, Dr. & Mrs. Antipas...... 1,064 BARSUMIAN ENDOWMENT FUND, Mr. & Mrs. George...... 1,233 MINASSIAN ENDOWMENT FUND, Rev. & Mrs. G. Diran...... 2,171 BENLIAN ENDOWMENT FUND, Sonia...... 2,509 MINISTERS’ WIDOWS COMM. LEBANON...... 4,641 BOYAJIAN MEMORIAL FUND, Avedis & Khatoun...... 2,622 MUGAR ENDOWMENT FUND, Mr. & Mrs. Stephen...... 7,273 BOYAJIAN MEMORIAL FUND, Edward Jeremiah...... 2,096 NAHIGIAN ENDOWMENT FUND, Marie...... 2,713 CHALIKIAN ENDOWMENT FUND, Mr. & Mrs. Edward...... 4,266 NASON ENDOWMENT FUND, Harry G...... 3,233 CHERKEZIAN ENDOWMENT FUND, Mr. & Mrs. Archie...... 2,467 NORAIR ENDOWMENT FUND, Anne E...... 2,467 CHURUKIAN ENDOWMENT FUND, Dr. & Mrs. Vahe...... 2,467 OHANESSIAN ENDOWMENT FUND, Deborah...... 1,809 DEMIRJIAN ENDOWMENT FUND, Mr. & Mrs. Harold A...... 1,480 PETERS ENDOWMENT FUND, Mr. & Mrs. Leon S...... 1,233 DERENTZ ENDOWMENT FUND, Mr. & Mrs. Hagop...... 2,467 PHILIBOSIAN ENDOWMENT FUND, Stephen...... 30,650 DOHANIAN ENDOWMENT FUND, Mr. & Mrs. Armen...... 2,713 PHILIBOSIAN FOUNDATION FUND, Stephen...... 24,666 DOHANIAN MEMORIAL FUND, Rev. Zaven...... 3,706 REINVESTED INCOME INVESTMENTS...... 8,533 ESKIJIAN ENDOWMENT FUND, Mr. & Mrs. Luther...... 2,482 SARIAN ENDOWMENT FUND, Drs. Jirair & Norair...... 7,400 EVKHANIAN ENDOWMENT FUND, Mr. & Mrs. Manouk...... 1,356 SARKISIAN ENDOWMENT FUND, Flora...... 7,273 GERTMENIAN ENDOWMENT FUND, Mr. & Mrs. Henry...... 6,167 SHEGOIAN ENDOWMENT FUND, Ardson & Gladys...... 7,360 GUEKGUEZIAN MEMORIAL FUND, Marie...... 2,778 SHERENE ENDOWMENT FUND, Mr. & Mrs. Lemuel G...... 2,467 GULESSERIAN ENDOWMENT FUND, Dr. & Mrs. Hrair P...... 1,085 SOGHOMONIAN ENDOWMENT FUND, Avedis...... 1,233 HAIDOSTIAN ENDOWMENT FUND, Dr. & Mrs. Berj H...... 1,191 SOGOMIAN ENDOWMENT FUND, Rev. & Mrs. Jirair...... 4,391 HATCH ENDOWMENT FUND, Martin F...... 4,027 TEZEL ENDOWMENT FUND, Dr. & Mrs. Jirayr...... 2,713 HEKEMIAN FAMILY TRUST FUND, S. & E...... 7,400 TOKATLIAN ENDOWMENT FUND, Mr. & Mrs. Melik...... 2,467 HEKEMIAN FOUNDATION FUND...... 2,467 TOOTIKIAN ENDOWMENT FUND, Rev. & Mrs. Vahan...... 3,699 HOVNANIAN ENDOWMENT FUND, Dr. H. Philip...... 1,064 TOURIAN ENDOWMENT FUND, Mr. & Mrs. Levon...... 2,467 IZMIRLIAN ENDOWMENT FUND, Mr. & Mrs. Asadour...... 2,424 UNION ARMENIAN EVANG CH NEAREAST...... 361,955 JENANYAN ENDOWMENT FUND, Edward...... 2,467 UNITED CH BOARD WORLD MINISTRY...... 243,287 KAPIGIAN ENDOWMENT FUND, Mr. & Mrs. Albert...... 2,171 YERGAN ENDOWMENT FUND, Mr. & Mrs. Berj...... 2,383 KARAGHEUSIAN ENDOWMENT FUND, Miss Leila...... 16,032

60 Supporting Churches and Organizations 2018/19

AGBU, New England District, Watertown, MA American Funds, Indianapolis, IN Americans for Armenians, Campbell, CA Annenberg Foundation, Los Angeles, CA Aranosian Hodgson Foundation of 2015, Isabelle, Concord, NH Ararat Foundation, Alexandria, VA Armenia Women’s Breast Cancer Reconstruction Program, Long Beach, CA Armenian American Medical Association, Wellesley, MA Armenian American Pharmacists Assoc., North Waltham, MA Armenian American Vets Inc., Watertown, MA Armenian Apostolic Church, Soorp Asdvadzadzin, Whitinsville, MA Armenian Brotherhood Bible Church, Glendale, Glendale, CA Armenian Christian Fellowship, Orange County, Huntington Beach, CA Armenian Church of the Nazarene, Glendale, CA Armenian Cilicia Evangelical Church, Pasadena, CA Armenian Congregational Church, Southfield, MI Armenian Euphrates Evangelical Church, Young Women’s Fellowship, Cranston, RI Armenian Evangelical Brethren Church, Glendale, CA Armenian Evangelical Church, Hollywood, Los Angeles, CA Armenian Evangelical Church, Mount Prospect, IL Armenian Evangelical Church, Montreal, Laval, QC, Canada Armenian Evangelical Church, Cranston, RI Armenian Martyrs’ Congregational Church, Havertown, PA Armenian Medical Fund, USA, Congers, NY Armenian Memorial Church, Watertown, MA Armenian Missionary Association of Australia, Belrose, NSW, Australia Armenian Missionary Association of Canada, Toronto, ON, Canada Armenian Presbyterian Church, Paramus, NJ Armenian Renaissance Association, Commerce Township, MI Armenian Theological Students Aid, Inc., Fresno, CA Artevel Foundation, Los Angeles, CA Bank of America Charitable Foundation, Charlotte, NC Bank of America Charitable Gift Fund, Boston, MA Bank of America, N.A., Pennington, NJ Bilezikian Family Foundation, Inc., Yarmouthport, MA Boorujy Foundation, Inc., Paul & Gloria, Watchung, NJ Bright Funds, San Francisco, CA C & E Merdinian Armenian Evangelical School, Sherman Oaks, CA Calvary Armenian Congregational Church, San Francisco, CA Carnegie Corporation of New York, New York, NY Cedar Crest Bible Fellowship Church of Allentown, Penna., Allentown, PA Charles Schwab & Co Inc., San Francisco, CA Christian Arts International, Inc., Loudonville, NY Christian Outreach for Armenians, Glendale, CA Church of the Risen King, Hillsdale, NJ Commerce Trust Company, Kansas City, MO Conte Foundation, Sirpuhe & John, Indian Wells, CA Daughters of Vartan, Grand Council, Orange, CA Daughters of Vartan, Nevart Chapter, Los Angeles, CA Daughters of Vartan, Gayane Chapter, Northridge, CA Daughters of Vartan, Varteni Chapter, Monterey Park, CA Daughters of Vartan, Araxie Chapter, El Cerrito, CA Daughters of Vartan, Arpie Otyag 9, Lynnfield, MA Daughters of Vartan, Zabelle Chapter, Auburn Hills, MI Daughters of Vartan, Ani Chapter, Morris Plains, NJ Detroit Armenian Women’s Club, Howell, MI Eglise Evangelique Armenien Mission, Valence, France

61 2018/19 Supporting Churches and Organizations

Espoir Pour L’Armenie (Hope for Armenia), Lyon, France Fidelity Charitable Gift Fund, Cincinnati, OH First Armenian Church, Belmont, MA First Armenian Evangelical Church, Montreal, QC, Canada First Armenian Presbyterian Church, Fresno, CA GE Foundation, Fairfield, CT Gertmenian Foundation, Laguna Beach, CA Glendale Armenian Brotherhood Bible Church, Burbank, CA Grille Foundation, St Helier Jersey, UK Holy Trinity Armenian Church, North Hollywood, CA Holy Trinity Armenian Evangelical Church, Glendale, CA Hovnanian Family Foundation, Jirair S. & Elizabeth, Mount Laurel, NJ Hovnanian Foundation, Inc., Hirair and Anna, Tinton Falls, NJ Ignatius Foundation, George, Los Angeles, CA Immanuel Armenian Congregational Church, Downey, CA Knights of Vartan, Ararat Lodge 1, Belmont, MA Knights of Vartan, Inc., Nareg-Shavarshan Lodge No. 6, Southfield, MI Lily Transportation Corp., Needham, MA Macy’s/Bloomingdale’s, Mason, OH Mid USA Credit Union, Inc., Middletown, OH Mirak Foundation, John, Arlington, MA Morgan Stanley, Baltimore, MD Morgan Stanley Global Impact Funding Trust, Inc., New York, NY National Philanthropic Trust, UBS Donor Advised Fund, Jenkintown, PA National Raisin Company, Fowler, CA Network for Good, Washington, DC Open Wings Family Child Care, Watertown, MA Orphans of War, Gig Harbor, WA Pacific Horizon Bancorp, Inc., La Crescenta, CA Pacific Manifest Corporation, Burbank, CA Peters Foundation, Inc., Leon S., Fresno, CA Philibosian Family Foundation, Inc., George & Alice, Englewood, NJ Philibosian Foundation, Stephen, Indian Wells, CA Pilgrim Armenian Congregational Church, Fresno, CA Presbyterian Church at Tenafly, Tenafly, NJ Rotary Club Foundation, Hackensack, Hackensack, NJ Running Deer Foundation, Boston, MA Saint Vartanantz Armenian Church, Chelmsford, MA Sayat Nova Dance Co Inc., New Town, MA Schwab Charitable Fund, San Francisco, CA Shamilian-Tatikan Alumni Assoc. LA, Glendale, CA Sipan Armenian School, Paramus, NJ Sourp Hagop Armenian Church, Montreal, QC Southern Baptist Foundation, Nashville, TN St. James Erebuni Armenian School, Watertown, MA St. Nareg Armenian Church, Montebello, CA St. Stephen’s Armenian Apostolic Church, Sunday School, Watertown, MA St. Vartanantz Armenian Church, Women’s Guild, Chelmsford, MA Taconic Foundation, Inc., Germantown, NY Telfeyan Evangelical Fund, Inc., Garden City, NY TF Educational Foundation, Rancho Palos Verdes, CA Tufenkian Family Foundation, Glendale, CA United Armenian Congregational Church, Los Angeles, CA United Church of Christ, Wider Church Ministries, Cleveland, OH Vanguard Charitable, Warwick, RI Vanguard/Wells Fargo, YourCause, LLC Trustee for, Plano, TX Wells Fargo Advisors, LLC, Saint Louis, MO

62 Historical Financial Data 2018/19

Receipts Over The Years 1919...... $ 7,723.57 1930-31...... $ 6,645.15 1939-40...... $ 4,140.93 1920-21...... 3,055.18 1931-32...... 7,847.01 1940-41...... 6,026.05 1923-24...... 2,393.25 1932-33...... 3,991.46 1942-43...... 10,648.74 1924-25...... 2,901.11 1933-34...... 4,132.30 1943-44...... 21,121.76 1925-26...... 4,556.11 1934-35...... 2,223.61 1944-45...... 17,578.87 1926-27...... 7,048.43 1935-36...... 3,703.59 1945-46...... 32,706.30 (b) 1927-28...... 7,246.77 1936-37...... 4,220.51 1946 (a)...... 31,460.40 (b) 1928-29...... 5,547.88 1937-38...... 4,166.89 1947...... 44,524.11 (b) 1929-30...... 13,487.94 1938-39...... 6,195.18

(a) From June 1 - December 31 only. (b) During these years $134,187.01 were also raised for the Centennial Campaign in the United States and $18,544.00 in Syria & Lebanon. Assets And Budget Over The Years Year Assets Budget Year Assets Budget 1945-46...... $19,000 1982-83...... $ 12,481,853...... $ 1,248,995 1946-47...... 34,500 1983-84...... 15,259,940...... 1,354,020 1947-48...... $154,000...... 50,000 1984-85...... 17,341,445...... 1,558,622 1948-49...... 150,000...... 98,175 1985-86...... 22,558,583...... 1,617,461 1949-50...... 158,000...... 75,000 1986-87...... 26,549,686. (b)...... 1,753,606 1950-51...... 168,000...... 68,125 1987-88...... 28,154,025...... 2,033,645 1951-52...... 168,000...... 62,000 1988-89...... 30,529,069...... 2,178,981 1952-53...... 282,000...... 48,750 1989-90...... 34,074,031...... 3,562,668 1953-54...... 310,000...... 65,000 1990-91...... 36,169,135...... 3,952,612 1954-55...... 393,000...... 70,375 1991-92...... 38,147,928...... 3,887,558 1955-56...... 460,000...... 82,500 1992-93...... 40,074,181...... 4,088,551 1956-57...... 505,700...... 102,500 1993-94...... 43,185,331...... 4,414,835 1957-58...... 560,000...... 106,225 1994-95...... 46,245,234...... 5,001,443 1958-59...... 628,000...... 108,200 1995-96...... 49,603,138...... 5,387,537 1959-60...... 755,000...... 125,000 1996-97...... 78,446.257 .(c)...... 5,353,758 1960-61...... 900,000...... 140,000 1997-98...... 89,614,203...... 5,210,184 1961-62...... 1,210,000...... 144,200 1998-99...... 99,990,585...... 5,422,459 1962-63...... 1,262,000...... 189,775 1999-00...... 103,578,240...... 5,710,910 1963-64...... 1,392,000...... 160,500 2000-01...... 99,399.055...... 5,704.988 1964-65...... 1,670,000...... 175,000 2001-02...... 85,928.515...... 4,930.761 1965-66...... 1,985,000...... 180,000 2002-03...... 90,895,093...... 5,397,065 1966-67...... 1,971,000...... 213,000 2003-04...... 98,323,998...... 5,581,847 1967-68...... 2,345,000...... 217,000 2004-05...... 106,437,065...... 5,833,462 1968-69...... 4,417,022. (a) ...... 211,000 2005-06...... 109,789,584...... 6,044,916 1969-70...... 2,286,156...... 160,245 2006-07...... 119,611,874...... 7,010,699 1970-71...... 2,769,383...... 160,945 2007-08...... 124,227,706...... 7,130,405 1971-72...... 3,109,421...... 202,410 2008-09...... 117,490,844...... 6,785,534 1972-73...... 3,709,261...... 277,945 2009-10...... 124,275,401...... 6,965,768 1973-74...... 3,468,200...... 274,620 2010-11...... 136,338,615...... 7,295.265 1974-75...... 4,107,147...... 330,460 2011-12...... 139,002,932...... 7,529,574 1975-76...... 4,265,804...... 323,675 2012-13...... 152,514,629...... 8,199,249 1976-77...... 4,682,965...... 483,090 2013-14...... 164,873,155...... 8,876,681 1977-78...... 4,830,195...... 663,159 2014-15...... 168,913,738 ...... 8,924.590 1978-79...... 6,531,681...... 678,359 2015-16...... 169,098,531...... 9,193.815 1979-80...... 7,339,795...... 709,281 2016-17...... 178,982,264...... 9,650,239 1980-81...... 9,216,288...... 742,284 2017-18...... 188,446,358...... 10,551,239 1981-82...... 10,783,850...... 1,067,416 2018-19...... 188,362,667 ...... 11,566,737 (a) About $2,000,000 was transferred to the Stephen Philibosian Foundation. (b) Includes an adjustment of $2,195,000 in the Sheen Charitable Purpose Unitrust to reflect current value of a real estate property in the Unitrust. (c) Pursuant to most recent Financial Accounting Standards Board’s regulations, investments of the Association are reported at fair market value rather than at cost (book) value.

63 2018/19 How to Give

Stewardship of God’s Blessings How to Give for His Glory!

For a Christian, Estate and Gift Planning is more than saving taxes and taking care of your loved ones. The Bible talks about how to look at the matter of our material blessings. For example, 2Corinthians 9:7 reminds us “Each man should give what he has decided in his heart to give, not reluctantly or under compulsion, for God loves a cheerful giver.” The Armenian Missionary Association of America (AMAA) has faithfully used your gifts for carrying out His Good News and compassion of help to all Armenians worldwide.

There is no better way to thank God than to share His Word with others and to give cheerfully. The AMAA has volunteer professionals who are ready to assist you, using all of the sophisticated estate planning opportunities available, to carry out your personal and charitable vision. Here are some helpful hints:

The Direct Giving Cash Gifts in the form of cash or through checks or credit/debit cards are the most common methods of direct charitable giving. All contributions to the AMAA qualify for income, gift and estate tax deduction, as an IRS 501 (c) (3) organization. The AMAA can only continue its purpose by your thoughtful and generous support of its outreach.

Giving Securities or Real Estate which has Appreciated in Value Stocks, bonds, mutual funds and real estate that have increased in value can bring extra tax savings. Not only will the donor enjoy the tax deduction for the fair market value of the gift, but will also bypass capital gain tax that would otherwise be due if the securities or property were sold and the proceeds donated.

Charitable Lead or Remainder Trusts This is where you give the AMAA a certain percentage for a term of years and get the property back or in the alternative, you retain a set percentage of the asset’s value transferred to the AMAA, who takes on management, for a period of years or life of yourself or others, and at the termination, the asset is held in a special perpetual endowment fund in the memory of a loved one, and the income is used for the specified purpose.

Giving Through a Will or Living Trust The laws are changing and now is a good time to review long-range estate and financial planning under your current estate planning documents. In the current unstable laws, where the amount passing death tax free is likely to be especially low, the tax incentive for charitable trusts is ever increasing. Giving through wills, living trusts, life insurance policies and retirement accounts at death offers great opportunities for leaving a lasting legacy to charitable interests, when viewed from the effect of death taxes and assets otherwise passing to relatives directly much less attractive.

Endowment Funds Gifts and bequests can be used to establish endowment funds, at the $1,000+ level, in the name of the donor or someone the donor wishes to honor, either now or at your being with the Lord. These endowment funds are invested by the AMAA and the income is used to support designated purposes of the donor as part of the worldwide outreach of the AMAA.

There are many ways you can make your giving meaningful and cheerful. Planning and timing are essential. Just take a moment and consider what you’re giving today will mean for you and for others tomorrow. God will bless you abundantly. The AMAA would like to partner with you in carrying out your stewardship for your family, and loved ones and the Lord’s work on Earth.

For additional information on Estate and Gift Planning, please write or call in confidence the AMAA Executive Director/CEO, who will assist you in every way possible, and put you in contact with its professionals to help carry out your plan in conjunction with your own estate planning representatives, as appropriate. The AMAA’s address and phone number are on the back cover of this report. 64 Historical Data 2018/19

Incorporators of the AMAA - October 21, 1920 Martin F. Hatch, Esq...... 1948-1949 Vahan S. Babasinian...... Minas S. Kondazian Stephen Philibosian...... 1949-1957 Antranig A. Bedikian...... Armenag Mahjoubian Harry A. Kuljian...... 1958-1960 Kapriel Bedrosian...... John Mushekian Garabed H. Keuhnelian...... 1960-1966 Haroutune M. Dadourian...... Garabed T. Pushman Edward Janjigian...... 1966-1968 Hagop M. Depoyan...... Dikran M. Sarkisian Robert Hekemian...... 1968-1970 Dikran B. Donchyan...... John G. Telfeyan George Philibosian...... 1970-1971 Aram G. Hejinian...... Haig Y. Yardumian Archie Cherkezian...... 1971-1976 Milton B. Ignatius Samuel Hekemian...... 1976-1978 Edward Janjigian...... 1978-1984 Presidents Aram Minnetian...... 1984-1995 John G. Telfeyan...... 1919-1924 (June) Andrew Torigian...... 1995-1997 Garabed T. Pushman...... 1924-1936 Vahram Aynilian...... 1997-1999 Rev. A. H. Hartunian...... 1936-1938 Aram Robert Minnetian...... 1999-2007 Rev. A. B. Shmavonian...... 1938-1940 Nurhan Helvacian, Ph.D...... 2007 to present Rev. H. G. Benneyan...... 1940-1941 K. Gabriel...... 1941-1942 Executive Secretaries Rev. H. G. Benneyan (Sept. 14) ...... 1942-1944 (July 10) Rev. M. T. Kalaidjian...... 1919-1921 Dr. N. I. Ishkanian (Oct. 25) ...... 1944-1946 (Sept.) Rev. A. A. Bedikian...... 1921-1928 Rev. S. M. Rejebian (Oct. 14)...... 1946-1948 (Sept. 22) Rev. M. G. Papazian...... 1928-1929 Dr. Y. H. Hadidian (Sept. 22)...... 1948-1949 (Sept. 14) Rev. A. A. Bedikian...... 1929-1930 Martin F. Hatch, Esq. (Sept. 15)...... 1949-1952 (June 28) Rev. Dr. Y. H. Hadidian...... 1930-1934 Dr. J. H. Hekimian (June 28) ...... 1952-1955 (July 13) Rev. N. Bekian...... 1935-1943 Martin F. Hatch, Esq. (July 13) ...... 1955-1956 (Sept. 12) Rev. A. A. Bedikian...... 1943-1946 G. Mooradkanian, Esq. (Sept. 12) ...... 1956-1958 Rev. P. H. Kalfayan...... 1946-1959 (May 26) Dr. J. H. Hekimian...... 1958-1959 Rev. E. S. Tovmassian (Oct. 21) ...... 1959-1968 Haig Solakian, Ph.D...... 1959-1960 Steven Mardiguian (Acting) (Sept. 11) ...... 1968 (Dec. 11) Rev. Dr. D. Y. Kassouny (Nov. 12)...... 1960-1962 Rev. G. H. Chopourian, Ph.D...... 1969-1975 Haig Solakian, Ph.D...... 1962-1964 John H. Keyishian...... 1964-1966 Executive Directors Vahe S. Roubian, D.D.S...... 1966-1968 Rev. Giragos H. Chopourian, Ph.D...... 1976-1987 Nazar Y. Daghlian...... 1968-1971 Rev. Dr. Movses B. Janbazian...... 1987(Aug.)-2000 (Sept. 25) George Philibosian...... 1971-1974 Andrew Torigian (Acting)...... 2000 (Sept.26) -2001 (March 31) Edward M. Kavjian, M.D...... 1974-1975 Rev. Jirair M. Sogomian (April 1)...... 2001-2003 (Aug. 9) John Keuhnelian, M.D...... 1975-1976 Andrew Torigian (Acting) (Aug. 9)...... 2003 (Dec. 31) Archie Cherkezian...... 1976-1978 Rev. Peter Doghramji, Ph.D...... 2004 (Jan.-Aug.) Samuel Hekemian...... 1978-1980 Andrew Torigian...... 2005 (Sept.) - 2009 George Philibosian...... 1980-1982 Levon Filian...... 2010 -2013 George Bezirganian, M.D...... 1982-1984 Rev. Mgrdich Melkonian (Interim)...... 2013 Nov. to Oct. 2014 Nazar Y. Daghlian...... 1984-1987 George Bezirganian, M.D...... 1987-1988 Executive Directors/CEO H. Philip Hovnanian, Ph.D...... 1988-1990 Zaven Khanjian...... Sept. 2014 to present Edward Janjigian...... 1990-1993 Albert Momjian, Esq...... 1993-1997 West Coast Executive Directors Andrew Torigian...... 1997-2005 Levon Filian...... 2014-2018 H. Steven Aharonian, M.D...... 2005-2011 Joseph Zeronian, Ed.D...... 2012 -2014 Field Directors Nazareth E. Darakjian, M.D...... 2015 to present Rev. Movses B. Janbazian...... 1981-1987 Dr. Kenell Touryan...... 1988-1993 Treasurers Hagop Manjelikian...... 1994-2000 John Mushekian...... 1919-1924 Hagop Aynejian...... 2000-2001 John G. Telfeyan...... 1924-1925 Dikran Youmshakian...... 2005-2010 John Mushekian...... 1925-1932 Armen Beylerian...... 2012 - 2013 (April) Albert Telfeyan...... 1932-1942 Rev. Mgrdich Melkonian...... 2013 to present Haroutune Nergararian...... 1942-1947

65 2018/19

SHOGH Educational Day Center - Vanadzor, Armenia 66 How to Pray 2018/19

A Prayer Request For Each Day of the Month Please consider prayer as part of your giving. This list provides you with a guide to prayer for AMAA ministries each day of the month. a. Include the prayer requests in your personal and family devotions each day. b. Include the prayer in your Church’s Sunday Worship Service and weekly bulletin. c. Use the calendar to involve your local church, Sunday School or Youth Group in the mission and service ministry of other believers at home and overseas. You may want to enter into an active fellowship with those for whom you pray. Their addresses and additional information on their ministry may be obtained from our website (www.amaa.org) or the AMAA office.

1. The Executive Director and the AMAA Office Staff. Pray for others. Pray for a spirit of cooperation among those seeking to serve wisdom as they seek to be good stewards of the resources God pro- the Armenian people. vides them and encourage God’s people around the world. 17. The Armenian Apostolic Church. Pray for His Holiness 2. The AMAA Representative, the Staff, the volunteers and Karekin II and His Holiness Aram I and the Mother Church, that God their families in Armenia. Pray for their personal walk with the Lord, might continue to raise up spiritual leaders who walk in humble obe- protection and needs. Also pray for the effectiveness of their service as dience to Christ, meeting the deep spiritual hunger of the Armenian they strive to meet the spiritual and physical needs of our people using people. AMAA’s resources. 18. A spirit of unity among all the churches in Armenia and the 3. The Officers and Board Members of the AMAA, AMAC and Diaspora. Pray that they would faithfully obey Christ, work together in AEUNA. Pray for wisdom and unity of purpose as they make critical a spirit of love and produce much fruit in their ministry. decisions affecting the mission and service of the Armenian Evangeli- 19. Churches in Lebanon and Syria and in the Assyrian commu- cal Church. Also pray that they might faithfully walk with the Lord. nities of Beirut and Aleppo. Pray that the believers and their pastors 4. AMAA Chapters and Missions Committees. Pray for God to and lay leaders will continually walk with the Lord, overcome their dif- bless their efforts and make their partnership with AMAA a source of ficulties, experience joy in their ministry and ever grow in their witness blessings to many around the world. and service. 5. The Officers and Board Members of UAECNE (Lebanon), 20. Churches in Armenia, Georgia, Russia, and other former So- UAECF (France), UECA (Armenia), UAECE (Eurasia), AEWC (Inter- viet countries. Pray for prepared hearts as many hear the gospel of national). Pray for wisdom and unity of purpose as they make critical salvation. Pray for the spiritual growth of believers and cooperation decisions affecting the mission and service of the Armenian Evangeli- among churches and their leaders. Pray for wisdom in dealing with the cal Church. Also pray that they might faithfully walk with the Lord. unique problems they face. 6. Churches in Argentina, Brazil and Uruguay. Pray that believers 21. “Love your enemies and pray for those who persecute you.” and their pastors and lay leaders will continually walk with the Lord, ex- Pray for the countries of Turkey and Azerbaijan. Pray that they might perience joy in their ministry and ever grow in their witness and service. seek peace and cooperation with Armenia. Pray for the success of the 7. Churches in Turkey, Iran and Iraq. Pray that their leaders and evangelistic work going on in those countries. members might experience His power and not lose hope in the face of 22. Armenian Schools in North America. Pray that these schools difficulties. Pray that they might continue to receive His Word and spirit, might train children in the way they should live as wise and generous and remain faithful to their calling. adults, appreciative of their Armenian Christian heritage. 8. Churches in the United States and Canada. Pray that the believ- 23. Armenian Schools in Armenia, Europe and the Middle ers, their pastors and lay leaders will continually walk with the Lord, experi- East. Pray that these schools might prepare children to be wise ence joy in their ministry and ever grow in their witness and service. and generous adults, serving their communities with love and un- 9. Churches in Australia, AMA-Australia. Pray that the believers, selfish dedication. their pastors and lay leaders will continually walk with the Lord, experi- 24. The Government of Armenia. Pray for the President, Prime Min- ence joy in their ministry and ever grow in their witness and service. ister and those in authority, that they might seek God’s guidance when 10. The physical and spiritual needs of our brethren in Armenia, making decisions, and that they might fight for truth and against injustice Georgia, Russia, and other former Soviet countries. and corruption. 11. Churches in Cyprus, Egypt and Greece. Pray that the believers 25. The US Government - Pray for the President, Cabinet mem- and their pastors and lay leaders will continually walk with the Lord, ex- bers, members of both houses and local government and leaders. perience joy in their ministry and ever grow in their witness and service. Pray that they remain faithful to the Christian principles this great nation 12. Pray for Armenian missionaries involved in mission, church was founded on. Pray that God will give them wisdom and guidance. or service ministries in non-Armenian congregations and communi- 26. Refugees from from Conflict Centers. Pray for those who live ties in North America and overseas. as displaced people, striving to readjust to their new surroundings and 13. Haigazian University in Beirut, Lebanon. Pray that it will faith- find helping hands. fully train young Christian leaders who will be prepared to serve Christ 27. Victims of wars or disasters. Pray that the believers and their and their communities in the Middle East. Pray also for wisdom for the pastors and lay leaders will continually walk with the Lord, experience president, faculty and the governing board. joy in their ministry and ever grow in their witness and service. 14. AMAA/AEUNA Home Mission projects and Armenian Evan- 28. World Peace. Pray that God will enlighten those in authority that gelical Youth in North America. Pray for the effectiveness of the they may bring justice and mercy into their office. AMAA/AEUNA joint home mission projects through which Armenian 29. Armenians in Artsakh. Pray for a just and final resolution to the Evangelicals serve critical spiritual and social needs in the Armenian seemingly intractable conflict, and for the safety and the urgent needs community of North America. Pray also for our young people as they of our people there. Pray also for the local AMAA staff as they minister seek to grow in the Lord. to the needy. 15. Revival among Armenians worldwide. Pray for a spiritual re- 30. Past leadership. Pray for those who have ministered to our vival in Armenia and throughout the Diaspora. Pray that Armenians churches and communities over the years that they might draw strength might rediscover their true heritage in Christ. from the Lord in their retirement and be encouraged by their awareness 16. Armenian Charitable Organizations: Armenian General Be- that their labor was not in vain. nevolent Union, Armenian Relief Society, Children of Armenia Fund, 31. Pray that God would lead you to become involved in helping Fund for Armenian Relief, “Hayasdan” All-Armenia Fund, Hope for meet the physical and spiritual needs of our brothers and sisters world- Armenia, Jinishian Memorial Program, Karagheusian Corporation, wide and in spreading the Good News of Jesus Christ to those needing Stephen Philibosian Foundation, Syrian Armenian Relief Fund, and reconciliation with God and their fellow men.

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1918 2018 ARMENIAN MISSIONARY ASSOCIATION OF AMERICA Ամերիկայի Հայ Աւետարանչական Ընկերակցութիւն

31 West Century Road, Paramus, NJ 07652 Tel: 201.265.2607 • Fax: 201.265.6015 Email: [email protected] • Web: www.amaa.org