Ara at (Martuni or Bust ) has a very interesting analysis of the recent ArmeniaFund telethon, which purported to raise over $13.5 million.
"The annual "Hayastan" All-Armenian Fund telethon, which is the most successful government controlled collectors of Diaspora monies reported that they successfully collected $13.7 million.
Running the numbers, we discover that $9.8 million were given by 7 donors (who gave $500k or more), $270,000 were given by 4 donors of $50k or greater, $1.4 million were given by Germany, Belgium, Holland and Switzerland, and $1,200,000 was squeezed out of the natives of Armenia and Artsakh, totaling $12,670,000. This means a little more than $1 million was giving by the Diaspora of America, which makes up about 1 million of the better off financially Armenians of the world (less than 1% participated).
The above "success" is an indicator of the confidence the Armenian-American Diaspora has in the Hayastan All-Armenian Fund and its Board of Trustees. I would guess this has to do with the large Armenians from Armenia who have seen first hand how those in power use collected Disapora money."
Subscribe to:
Post Comments (Atom)
3 comments:
Who is the board of trustees comprised of? Are they Armenian officials or diasporan armenian officias? Are there any reports available indicating where money has been stolen or inproperly used?
http://www.himnadram.org/eng/
I cannot speak on corruption, but I have read quite a bit about skimming and poor quality of actual work done... Do the research and post what you find...
After doing some research I have come to feel more comfortable with trusting the "Armenia Fund." To begin with, the Board of Trustees overlook the entire process. This group consists of the presidents of Armenia and Karapagh, as well as party leaders of the various Armenian political parties. Further, diasporan Armenians are part of this part, including Charles Aznavour and Mark Geragos.
Besides this, Armenia Fund is part of the "Hayastan All-Armenian Fund" which is audited by Grant Thornton Amyot, the Armenian branch of Grant Thornton – one of the world's leading organizations of international auditors and business advisers. Grant Thornton Amyot's website indicates that Armenia Fund's record is clean.
Further, 90% or more of money collected by Armenia Fund is used directly, while 10% or less is used for adminstrative purposes.
Post a Comment