Armenian Church Endowment Fund Inc (ACEF) is a 501(c)(3) nonprofit organization based in New York, NY that provides financial support to the Diocese, parishes, and related entities of the Armenian Apostolic Church. The organization manages pooled investments and provides professional asset management services designed to ensure long-term financial sustainability for Armenian Church institutions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$151.7M
+3.3% YoY
Annual Giving
$2.9M
+10.0% YoY
Grant Count
27
-6.9% YoY
Avg Grant Size
$106K
+18.2% YoY
Mission & Focus Areas
The mission of ACEF is to provide financial support to the Diocese, parishes, and related entities of the Armenian Apostolic Church through oversight of pooled investments under professional management. The organization's investment management services employ a long-term horizon and diversified asset allocation strategy to support the sustainability of endowed institutions, Armenian culture, and spirituality.
Primary funding focus areas include:
- Church repairs and construction
- Operating expenses for parishes
- Educational programs promoting Armenian history and heritage
- Support for Armenian Church-related initiatives
Grantmaking
ACEF has maintained a consistent distribution rate of 4.5% of assets to beneficiaries annually for 22 consecutive years. This provides stable, predictable funding for recipient organizations.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $151,681,375
- Total revenues: $11,642,810
- Total expenses: $4,227,436
- Annual income: $58.2 million
- Number of employees: 3
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $151,681,375 | $146,847,942 | $135,682,703 |
| Revenue | $11,642,810 | $4,363,783 | $-5,279,564 |
| Expenses | $4,227,436 | $3,976,412 | $3,734,499 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $9,669,304 | $2,546,728 | $-5,999,067 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
137 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Diocese of the Armenian Church ($1,451,318), St Nersess Armenian Seminary ($396,950), Holy Martyrs Armenian Day School ($124,251).
| Recipient | Purpose | Amount |
|---|---|---|
| Diocese of the Armenian Church New York, NY | Program services | $1,451,318 |
| St Nersess Armenian Seminary Armonk, NY | Program services | $396,950 |
| St James Armenian Church Watertown, MA | Program services | $33,608 |
| St Leon Armenian Church Fair Lawn, NJ | Program services | $63,493 |
| Fund for Armenian Relief New York, NY | Program services | $106,138 |
| Holy Martyrs Armenian Day School Bayside, NY | Program services | $124,251 |
| St John Armenian Church Southfield, MI | Program services | $93,336 |
| Armenian Apostolic Society Southfield, MI | Program services | $83,086 |
| Soorp Haroutiun Armenian Church Orlando, FL | Program services | $64,728 |
| St John the Baptist Armenian Church Greenfield, WI | Program services | $53,136 |
Leadership & Key People
Leadership team and compensation from IRS filings
Gregory Melconian is listed as the Principal Officer of the organization.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Lisa A Kazanjian | Executive Director | 32 | $65,115 |
| Bishop Mesrop Parsamyan | PRESIDENT | 1 | — |
| Gregory Zorthian | Chair | 1 | — |
| Kirk S Hachigian | Director | 1 | — |
| Bryan Stepanian | Director | 1 | — |
| Gregory Melconian | Treasurer | 1 | — |
| Robert E Cannuscio | Secretary | 1 | — |
| Melanie Dadourian | Director | 1 | — |
| Eric Baroyan | Director | 1 | — |
| Kirk Kazazian | DIRECTOR | 1 | — |
| Richard Papalian | Director | 1 | — |
| Marie A Vanerian | DIRECTOR | 1 | — |
| Elizabeth Shaghalian Vranka | DIRECTOR | 1 | — |
| Gregory J Amerkanian | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Armenian Church Endowment Fund Inc fund?
The mission of ACEF is to provide financial support to the Diocese, parishes, and related entities of the Armenian Apostolic Church through oversight of pooled investments under professional management. The organization's investment management services employ a long-term horizon and diversified asset allocation strategy to support the sustainability of endowed institutions, Armenian culture, and spirituality. Primary funding focus areas include: • Church repairs and construction • Operating exp…
How do I apply for a grant from Armenian Church Endowment Fund Inc?
ACEF has maintained a consistent distribution rate of 4.5% of assets to beneficiaries annually for 22 consecutive years. This provides stable, predictable funding for recipient organizations. Recent grants include: • Diocese of the Armenian Church of America: $1,451,318 (2024) • St Nersess Armenian Seminary: $396,950 (2024) • Holy Martyrs Armenian Day School (2024) Total giving in recent years: $3,429,027
What size grants does Armenian Church Endowment Fund Inc award?
In 2024, Armenian Church Endowment Fund Inc awarded 27 grants totaling $2.9M — an average of about $106K per grant, based on its IRS Form 990 filings.
What is Armenian Church Endowment Fund Inc's EIN?
Armenian Church Endowment Fund Inc's EIN (Employer Identification Number) is 20-2821426. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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