Fundraising for Armenia Fund Telethon 2011 concluded Wednesday evening with an announcement of $18.6 million pledged during Armenia Fund’s annual Moscow Gala.

The funds raised will be combined with the $12.3 million pledged during last month’s Thanksgiving Day Telethon, bringing the total money raised during this year’s telethon to $31 million.

These figures also include the 12th European fundraising phonathon held earlier in France by the All-Armenian Fund which received a promise of 1.3 million Euros ($1.7 million).

Major donors from Armenia included Vallex Group ($200,000), Zangezur Copper Molybdenum Factory ($500,000) and another $200,000 was promised by businessman MP Samvel Alexanian.The largest commitment at the Moscow Gala came from Argentinian-Armenian businessman Eduardo Eurnekian, who pledged to donate $11 million.

The bulk of the money will be used for improving drinking water supplies to more Karabakh villages and implementing similar rural infrastructure projects in Armenia.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletters

Get notified of the latest updates from MassisPost.

You May Also Like

Turkish Intellectuals Who Have Recognized The Armenian Genocide: Serkan Engin

By Hambersom Aghbashian Serkan Engin is a Laz poet from Turkey (…

UN Forecasts 0.5 Percent Population Growth for Armenia in 2014

YEREVAN ( ARKA.am) — Armenia may see its population grow by 0.5…

Public Outcry Over Transport Fares Increase in Armenia

YEREVAN — Dozens of youth activists stopped public buses and minibuses in…

Armenian Genocide Victims to be Canonized on April 23, 2015

ETCHMIADZIN — The ceremony of canonization of the Armenian Genocide victims will…