Armenia Fund USA

What Armenia Fund USA does

Armenia Fund USA Inc. is a 501(c)(3) nonprofit organization incorporated in New Jersey (Tax ID 13-3696515) and headquartered at 594 Valley Health Plaza in Paramus, with a secondary office at 80 Maiden Lane in New York City. Founded in 1992 as one of the first affiliates of the Hayastan All-Armenian Fund, it serves as the Eastern U.S. fundraising arm for large-scale infrastructure, humanitarian, and development projects in Armenia and Nagorno-Karabakh, raising over $200 million cumulatively since inception across 138 miles of roads, 36 schools, 15 healthcare institutions, 210 residential buildings, 100 miles of waterways, and ongoing programs supporting 8,000 orphans. Its product portfolio spans capital projects (North-South Highway, Vardenis-Mardakert Highway, Stepanakert Polyclinic, Artsakh Housing, Water Supply Initiative, Fruitful Artsakh agriculture), social programs (Karabakh Orphans' Endowment Fund, Norman Miller Engineering Scholarship, Meds and Meals for TB patients), environmental remediation (Akhtala toxic cleanup with Pure Earth), and the HyeBridge Telehealth telemedicine program that links seven Tavush hospitals to Yerevan State Medical University via Polycom videoconferencing and Ovid Technologies medical databases.

The organization generates revenue exclusively through charitable contributions, with major gift tiers ranging from $5,000 to $99,999+ secured via a Major Gift Committee, an annual Thanksgiving Day Telethon (which raised $22.6M in 2013), phonathon campaigns, direct mail, corporate matching gift programs, and newer digital channels including Acceptiva-powered online donations, cryptocurrency contributions, text-to-donate (text ARMENIA to 80088 via mGive), and an iPhone application. Distribution is coordinated through the parent Hayastan All-Armenian Fund's 18-20 international affiliates across 16 countries, with Armenia Fund USA covering all U.S. states east of the Mississippi. The stated value proposition rests on a 'Beyond Bricks and Mortar' sustainability philosophy, with 90% of donations directed to projects, procurement transparency, quality control inspections, and dual-layer financial audit (local annual audit plus parent oversight by AMYOT in Paris). It is nonsectarian and operates without government, religious, or political affiliations, governed by a Board of Trustees and Board of Directors under successive chairmen and an Executive Director role.

Name

Armenia Fund USA

Legal name

Armenia Fund USA Inc.

Website

https://armeniafundusa.org

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

Armenia Fund USA is a 501(c)(3) nonprofit founded in 1992 and headquartered in Paramus, NJ, serving as the Eastern U.S. affiliate of Hayastan All-Armenian Fund. It raises charitable donations from the Armenian Diaspora to fund infrastructure, healthcare, education, agricultural, and humanitarian projects in Armenia and Nagorno-Karabakh.

Ownership category

akta.pro rank

Product category

Humanitarian Aid and International Development

NAICS

Grantmaking Foundations (813211), Grantmaking and Giving Services (8132)

SIC

International Affairs (9721)

akta.pro primary industry

International Grantmaking & Development Foundations (BPAGAKAH)

akta.pro secondary industries

Environmental & Climate Grantmaking Foundations (BPAGAKAM), Grantmaking & Philanthropic Funds (Institutional Donors) (BPADAOAB)

Keywords

• Humanitarian fundraising
• Infrastructure development
• Charitable nonprofit
• Diaspora philanthropy
• Community development

Headquarters

HQ city

Paramus

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Major Gift Fundraising: Armenia Fund USA receives major gifts from individual donors at levels ranging from $5,000 to $99,999 and above. The organization maintains a Major Gift Committee and conducts personal visits and cultivation events to secure large contributions for specific infrastructure projects.
2. Annual Telethon Campaign: Annual Thanksgiving Day Telethon broadcast to the Armenian Diaspora, supplemented by pre-telethon fundraising drives including direct mail and phone campaigns. In 2013, the telethon raised $22.6 million.
3. Corporate Matching Gifts: Partnership with employers through corporate matching gift programs where companies match employee donations, effectively doubling or tripling individual contributions to the fund.
4. Cryptocurrency Donations: Accepts direct bitcoin and cryptocurrency donations, allowing donors to make contributions while potentially avoiding capital gains tax on appreciated digital assets.
5. Text-to-Donate: Mobile giving program where donors can text ARMENIA to 80088 to make contributions, with charges appearing on wireless bills or deducted from prepaid balances.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels10 records

Core offering

Armenia Fund USA is a 501(c)(3) nonprofit charitable organization that raises funds from the Armenian Diaspora to finance large-scale humanitarian and infrastructure development projects in Armenia and Nagorno-Karabakh. The organization channels donations into roads, schools, hospitals, housing, water systems, agricultural programs, and healthcare initiatives, functioning as an international development fundraiser and project sponsor.

Product overview

Armenia Fund USA operates as a charitable organization supporting infrastructure development in Armenia and Nagorno-Karabakh rather than a technology product company. The organization manages a portfolio of humanitarian and infrastructure projects including HyeBridge Telehealth (telemedicine program using videoconferencing), Artsakh Housing Project, Norman Miller Scholarship Fund for engineering students, Fruitful Artsakh Agricultural Development, Toxic Pollution Cleanup, Vardenis-Mardakert Highway, North-South Highway, Water Supply Initiative, Orphan Fund, Armine Pagoumian Polyclinic, Saving Shushi comprehensive development, and Agricultural Initiative through Mardakert ADA/MASCO. These projects are funded through donations and operate across multiple regions to support socio-economic development.

Differentiator

Problem solved

Functional benefit

Brands

• HyeBridge Telehealth: Armenian telemedicine program using Internet-based videoconferencing technologies to deliver continuous medical education and diagnostic and treatment services to local healthcare providers and patients in rural Armenian communities.
• Norman Miller Scholarship Fund
• Young Benefactors
• Fruitful Artsakh

Products and services

• HyeBridge Telehealth Program

Quantifiable outcome

• 138 miles of roads built including the Goris-Stepanakert Highway (41 miles) and North-South Highway (105 miles)
• +4 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature3 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Pure EarthcoreStrategic or Co-development Partner · 1 January 2012Global nonprofit environmental organization conducting toxic site assessments in Armenia. Conducted first comprehensive assessment identifying 23 contaminated sites. Provides expertise for lead contamination cleanup projects including Akhtala monastery surroundings. Has cleaned up 90+ toxic sites globally impacting 4 million lives.
• Turnaround Associates, Inc.coreImplementation/ SI/ Consulting Partner · 1 January 2006New York-based corporate consulting firm designing strategic plan for Agricultural Initiative. Expert team conducted field studies, structured Agricultural Development Association model, and provided technical assistance for agricultural equipment procurement and farm development programs in Mardakert.
• Yerevan State Medical UniversitycoreStrategic or Co-development PartnerPrimary healthcare education partner for HyeBridge Telehealth program. Medical faculty create education modules and host telemedicine sessions connecting rural healthcare providers with specialists. Partnership includes Department of Postgraduate/Continuing Education collaboration for CME programs.
• Polycom, Inc.coreTechnology or IntegrationProvides state-of-the-art videoconferencing technology and equipment for HyeBridge Telehealth network, enabling real-time medical consultations and education sessions between Armenia/Karabakh and international medical centers.
• Karabakh TelecomcoreTechnology or IntegrationProvides high-speed Internet connectivity essential for telemedicine sessions, ensuring successful operation of the telemedicine network connecting remote regions. Committed to providing services free of charge for the telemedicine program.
• American Armenian Health Professionals OrganizationminorStrategic or Co-development PartnerHealthcare professional organization partnering to provide knowledge, expertise, and network connections for telemedicine program development and implementation.
• Network for GoodcoreImplementation/ SI/ Consulting PartnerLeading internet charitable resource processing online donations for Armenia Fund USA. Uses industry-leading SSL technology for secure transactions. Manages donor personal information including name, address, telephone, email, and credit card data through their Privacy and Security policy.
• UCLA Center for Public Health and DisasterscoreStrategic or Co-development PartnerInternational healthcare specialist Dr. Alina Dorian from UCLA serves as Senior Program Manager contributing to healthcare facility design and implementation. UCLA collaboration provides foundation for training medical professionals at Stepanakert Polyclinic.
• Johns Hopkins University Center for Refugee and Disaster StudiescoreStrategic or Co-development PartnerMedical training collaboration contributing expertise in emergency preparedness and disaster response for development and implementation of training modules at Karabakh healthcare facilities.
• American University of Armenia Center for Health Services Research and DevelopmentminorStrategic or Co-development PartnerLocal academic partner providing healthcare research expertise and support for development of medical training programs and healthcare system modernization in Armenia.
• Yerevan Academy of MedicineminorStrategic or Co-development PartnerAcademic medical institution collaborating on training module development and implementation for healthcare professionals in Karabakh.
• Columbia University Medical CentercoreStrategic or Co-development PartnerU.S. medical institution participating in telemedicine conferences, with Dr. Ellen A. Morrison from Division of Infectious Diseases delivering lectures on Infectious Causes of Diarrhea to physicians in Yerevan and Stepanakert.

Scale indicators13 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Pure Earth: Global nonprofit environmental organization specializing in toxic site cleanup. Comparable as a strategic partner on the Akhtala lead pollution project — addresses similar environmental remediation mission with the same donor-supported implementation model.

Broad incumbents

• Direct Relief: Major humanitarian medical aid organization operating globally. Comparable as a large-scale charity delivering healthcare infrastructure and supplies to underserved regions, with similar donation-driven model and emphasis on transparent project execution.
• Americares: U.S.-based humanitarian aid and global health organization. Comparable as a 501(c)(3) delivering healthcare, medicines, and emergency response to underserved international populations through donor-funded programs.
• Habitat for Humanity International: Global nonprofit housing organization. Comparable as a charity executing large-scale residential construction projects (similar to Armenia Fund USA's Artsakh Housing Project) for underserved populations via donor-supported implementation.
• SOS Children's Villages International: Global nonprofit dedicated to orphan care and family support. Comparable as an international charity providing long-term recurring support to orphaned children, paralleling Armenia Fund USA's Karabakh Orphans' Endowment Fund.

Direct peers

• Hayastan All-Armenian Fund: The parent global organization headquartered in Yerevan, Armenia. Directly comparable as the umbrella entity for all international affiliates including Armenia Fund USA, coordinating the same infrastructure, healthcare, and humanitarian mission across 16 countries.
• Armenian Assembly of America: U.S.-based Armenian-American advocacy and development organization. Comparable as a diaspora-focused nonprofit operating in the same Armenian-American donor ecosystem and addressing Armenia-related humanitarian and development needs.
• Armenian General Benevolent Union (AGBU): Largest Armenian diaspora nonprofit, focused on education, culture, and humanitarian programs globally. Comparable as a fellow Armenian diaspora charitable organization with similar donor base, geographic reach, and educational/infrastructure mission overlap.
• Armenia Fund, Inc. The Western U.S. sister affiliate of Armenia Fund USA under the same Hayastan All-Armenian Fund umbrella. Directly comparable as the geographic counterpart serving U.S. states west of the Mississippi for the same mission and parent organization.

Regional players

• International Orthodox Christian Charities (IOCC): Faith-based humanitarian organization with strong programs in Armenia and the Caucasus region. Comparable as a 501(c)(3) executing infrastructure, agriculture, and humanitarian projects in the same geographic theater with overlapping donor networks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/armeniafundusa
• Xx.com/ArmeniaFund_USA
• LinkedInlinkedin.com/company/armenia-fund-usa-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Armenia Fund USA