The Armenian Cultural Association of America (ACAA) presented its 2013 annual grant to the Armenian Review from the ACAA Alice & Harry Sachaklian Armenian Review Fund. The grant of $12,385.07 supports the publication of the Armenian Review, the leading journal of Armenian studies, which has published peer-reviewed articles and book reviews on Armenian history, sociology, political science, and literature since 1948.
Bedros C. Bandazian and Alice Sachaklian
The Sachaklian Fund was established in 2003 by Alice Sachaklian to allow for the continuing publication of this important academic journal. It is administered by the Armenian Cultural Association of America. Colonel Harry Sachaklian was a founder and early Board of Directors member of the ACAA. He and his wife Alice were dedicated to the mission of the ACAA, as evidenced by a lifetime working for its success, and by serving as mentors to generations of Armenian youth in the Eastern United States and, especially, the Washington, D.C. community. This stalwart couple’s initial donation of $250,000 has grown to $441,666.46 under the stewardship of the ACAA Endowment Fund Trustees, with annual grants underwriting the publication costs of the Armenian Review.
The most recent volume of the Armenian Review deals with “The New Global Reparations Movement,” the growing movement to require reparations for cases of mass human rights violations. The articles in the issue examine the necessity for reparations for the Armenian Genocide, both as a matter of international law and in contrast to the limited dialogue and acknowledgment models currently ongoing. Other authors place the Armenian case within a broader context by describing reparations models and movements in South Africa, Argentina, and Japan, and for African-Americans. Copies of the issue may be ordered on the Armenian Review website, www.armenianreview.org.
The 1992 annual convention of the ACAA voted unanimously that all its designated and endowed funds would be preserved in its principal amounts and that only income from dividends, interest, and other means would be expended in the form of grants to worthy institutions. Bedros C. Bandazian of Richmond, Md., the current managing trustee, has formulated a professional fiduciary process for the administration and accounting of all funds. The current associate trustees are Richard Krikorian of New Jersey and Aram Sarafian of Washington, D.C. All are professionals in the field of financial analysis and investments.
From its humble beginnings, the ACAA Endowment Funds have grown to $1.3 million as of 2012. Interested donors can designate funds towards their specific areas of interest or for general use by Armenian institutions. For more information, contact Bedros C. Bandazian by calling (804) 370-5468 or e-mailing bandaz@aol.com.