Friday, November 23, 2007

Children of Armenia Fund Raises $3.5 Million From its Annual Gala Evening

October 31, 2007 07:00 AM Eastern Time

Children of Armenia Fund (COAF) is pleased to announce that it raised a record $3.5 million from the 2007 Save a Generation Awards Dinner, held Friday, October 19, at Cipriani 42nd Street in New York. The money raised will be directed at reversing the ongoing impoverished conditions affecting significant numbers of children in rural Armenia through COAF’s Model Village program.

“Due to the tremendous ongoing commitment from our donors, COAF is able to implement significant projects that dramatically improve the conditions of rural Armenian communities especially in the areas of health, education, infrastructure as well as social and economic development,” said Garo H. Armen, PhD, founder and chairman of COAF. “With the money raised from the gala, COAF can continue executing a broader, sustainable revitalization program that has the potential to impact a combined population of 17,000 – of whom nearly 5,000 are children.”

COAF hosted more than 350 guests for the annual gala event. Sherry Lansing, Oscar-winner of the Humanitarian Award in 2007 and former chairwoman of Paramount Pictures, delivered the keynote address in the context of an interview hosted by Lesley Stahl, a 60 MINUTES correspondent and Charlie Rose, Emmy award winning journalist. Ken Davitian, co-star of the critically acclaimed 2006 blockbuster, BORAT, was master of ceremonies.

The COAF annual awards dinners have raised more than $8.5 million since 2001, placing funding emphasis on the Model Village project, the first such program ever to be undertaken. The project has been recognized by international aid agencies, such as the United Nations Development Programme and the World Bank, as an exemplary template of sustainable development throughout the world.

About COAF

Founded in 2000, the Children of Armenia Fund is an independent, nonprofit, nongovernmental organization (501(c)(3). COAF seeks to reverse the impoverished conditions affecting significant numbers of Armenia’s children by revitalizing Armenia’s villages and implementing projects that provide immediate and sustainable benefits to children and youth.

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