HAYASTAN ALL-ARMENIAN FUND’S TELETHON IN LOS ANGELES RAISES $16 MILLION

ARKA
Nov 27, 2009

YEREVAN, November 27. /ARKA/. About $16 million were donated and
pledged in the course of the telethon Hayastan All-Armenian Fund held
Thursday in Los Angeles, the press office of the fund reports.

The raised money will be spent for recovering social and economic
infrastructures, such as water pipelines, schools and roads, in
Shushi, Karabakh.

Along with that, rural communities in Armenia and Karabakh will
be developed.

According to the press release, 5,290,000 U.S. dollars of the mentioned
amount have been pledged at the benevolent supper held in Moscow
ahead of the telethon.

Armenian President Serzh Sargsyan and Russian entrepreneurs of Armenian
descent were present there.

Another $1.8 million of the total amount has been raised during
European phonethon.

Hayastan All-Armenian Fund was established in 1992.

The fund implements national projects and develop Armenia and Nagorno
Karabakh’s infrastructures.

The president-headed council of the fund’s trustees is made up of
prominent representatives of Armenian communities worldwide.