Charles & Agnes Kazarian Eternal Foundation

The Charles & Agnes Kazarian Eternal Foundation is a private operating foundation categorized under philanthropy, voluntarism, and grantmaking foundations. It operates as a designated charitable organization, with its mission reflecting a focus on improving government financial performance and literacy.

Mission and Activities

The foundation's primary mission is to improve Government Financial Performance (GFP) and Government Total Balance Sheet (GTBS) literacy. It achieves this by educating key stakeholders and citizens through various means, including conferences, presentations, and publications like articles and white papers. The foundation also supports initiatives promoting economic development and Armenian cultural projects.

Financial Profile

• Revenue: In recent years, the foundation's revenue has been substantial, reaching $9.55 million in 2023, primarily derived from dividends.
• Expenditures: Expenses in 2023 were nearly equal to the revenue, totaling $9.56 million. A significant portion of these expenditures goes toward charitable disbursements.
• Assets and Liabilities: The foundation maintains sizable total assets, amounting to $209 million in 2023, with minimal liabilities.

Leadership and Founding

The foundation is led by Paul B. Kazarian, who serves as its Chairman and President without compensation. It is named in recognition of Charles and Agnes Kazarian, Armenian immigrants who survived the Armenian Genocide. Charles Kazarian notably served in the French Foreign Legion during World War I.

Guiding Principles

The foundation operates under several guiding principles, including empowering human aspirations, emphasizing societal support for the disadvantaged, and adhering to wisdoms from the book "New Philanthropy Benchmarking: Wisdom for the Passionate." It also supports projects enhancing Armenian cultural heritage and promoting economic development.

Funding

The Charles & Agnes Kazarian Foundation is funded by affiliates of Japonica Partners, indicating a strong financial backing for its initiatives and programs.