Armenian General Benevolent Union

Organization Overview

Armenian General Benevolent Union is located in New York, NY. The organization was established in 1959. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Armenian General Benevolent Union employed 111 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Armenian General Benevolent Union is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Armenian General Benevolent Union generated $42.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $29.3m during the year ending 12/2022. While expenses have increased by 3.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Armenian General Benevolent Union has awarded 142 individual grants totaling $41,071,709. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ENSURING THE PROSPERITY AND WELL-BEING OF ALL ARMENIANS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATIONAL - A LIFETIME OF GROWTH AND DISCOVERY - AGBU TAKES A 360 APPROACH TO EDUCATION, INCLUDING TRADITIONAL AND INNOVATIVE LEARNING PLATFORMS AND PROGRAMS. WE PARTNER WITH REPUTABLE WORLD CLASS LEARNING INSTITUTIONS TO ELEVATE AND EXPAND THE REACH OF ARMENIAN STUDIES. IN ADDITION, WE STRIVE TO EXPOSE THE WORLD TO THE UNIQUE ATTRIBUTES OF THE ARMENIAN NATION AND ITS CONTRIBUTIONS TO THE CIVILIZED WORLD SINCE ANCIENT TIMES. BY EMBRACING DIVERSE PERSPECTIVES, AGBU IS A GATEWAY TO RICH EDUCATIONAL EXPERIENCES FOR LEARNERS AT EACH STAGE OF LIFE.


HUMANITARIAN RELIEF - SERVING HUMANITY WITH CARE AND COMPASSION - SINCE OUR FOUNDING, AGBU HAS BEEN ON THE FRONTLINES OF EMERGENCY RELIEF. OUR VAST INTERNATIONAL NETWORK HAS PROVEN US A TRUSTWORTHY AND EFFICIENT LOCAL RESOURCE ON THE GROUND, WHEREVER DANGER AND PERIL ERUPTS. EVEN BEFORE THE ARMENIAN GENOCIDE, IN TIMES OF FAMINE AND REGIONAL UNREST, OUR LEADERS AND MEMBERS MOBILIZED ACROSS BORDERS TO DELIVER SUSTENANCE AND AID TO THOSE IN NEED. IN THE DECADES TO FOLLOW, ARMENIANS FACING HARDSHIPS COULD COUNT ON OUR SPEEDY RESPONSE AND LONG-TERM ASSISTANCE AS A LIFELINE AND BRIDGE TO RECOVERY.GIVEN THE ARMENIAN PEOPLE'S OWN HISTORY OF OVERCOMING UNSPEAKABLE TRAGEDIES AND LOSSES, WE ARE HIGHLY ATTUNED TO HUMAN SUFFERING. THIS INSPIRES US TO GIVE BACK, NOT ONLY TO OUR OWN COMMUNITIES BUT ALSO NON-ARMENIANS IN DEEP CRISIS AND DISTRESS. WITH SO MUCH UNREST AND UNCERTAINTY IN TODAY'S WORLD, AGBU CONTINUES TO ASSIST THOSE WHO NEED IT MOST THROUGH PANDEMIC, CIVIL UNREST, WAR AND NATURAL DISASTERS.


EDUCATIONAL - A LIFETIME OF GROWTH AND DISCOVERY - AGBU TAKES A 360 APPROACH TO EDUCATION, INCLUDING TRADITIONAL AND INNOVATIVE LEARNING PLATFORMS AND PROGRAMS. WE PARTNER WITH REPUTABLE WORLD CLASS LEARNING INSTITUTIONS TO ELEVATE AND EXPAND THE REACH OF ARMENIAN STUDIES. IN ADDITION, WE STRIVE TO EXPOSE THE WORLD TO THE UNIQUE ATTRIBUTES OF THE ARMENIAN NATION AND ITS CONTRIBUTIONS TO THE CIVILIZED WORLD SINCE ANCIENT TIMES. BY EMBRACING DIVERSE PERSPECTIVES, AGBU IS A GATEWAY TO RICH EDUCATIONAL EXPERIENCES FOR LEARNERS AT EACH STAGE OF LIFE.


HUMANITARIAN RELIEF - SERVING HUMANITY WITH CARE AND COMPASSION - SINCE OUR FOUNDING, AGBU HAS BEEN ON THE FRONTLINES OF EMERGENCY RELIEF. OUR VAST INTERNATIONAL NETWORK HAS PROVEN US A TRUSTWORTHY AND EFFICIENT LOCAL RESOURCE ON THE GROUND, WHEREVER DANGER AND PERIL ERUPTS. EVEN BEFORE THE ARMENIAN GENOCIDE, IN TIMES OF FAMINE AND REGIONAL UNREST, OUR LEADERS AND MEMBERS MOBILIZED ACROSS BORDERS TO DELIVER SUSTENANCE AND AID TO THOSE IN NEED. IN THE DECADES TO FOLLOW, ARMENIANS FACING HARDSHIPS COULD COUNT ON OUR SPEEDY RESPONSE AND LONG-TERM ASSISTANCE AS A LIFELINE AND BRIDGE TO RECOVERY.GIVEN THE ARMENIAN PEOPLE'S OWN HISTORY OF OVERCOMING UNSPEAKABLE TRAGEDIES AND LOSSES, WE ARE HIGHLY ATTUNED TO HUMAN SUFFERING. THIS INSPIRES US TO GIVE BACK, NOT ONLY TO OUR OWN COMMUNITIES BUT ALSO NON-ARMENIANS IN DEEP CRISIS AND DISTRESS. WITH SO MUCH UNREST AND UNCERTAINTY IN TODAY'S WORLD, AGBU CONTINUES TO ASSIST THOSE WHO NEED IT MOST THROUGH PANDEMIC, CIVIL UNREST, WAR AND NATURAL DISASTERS.


CULTURAL-ENRICHING THE MULTIFACETED ARMENIAN EXPERIENCE - ARMENIAN CULTURE THRIVES ACROSS THE WORLD AS A KEY MARKER OF OUR UNIQUE NATIONAL IDENTITY. MUSIC AND THE ARTS, LITERATURE AND ARCHITECTURE, AS WELL AS ANCIENT, FOLK AND RELIGIOUS TRADITIONS HELP DRIVE THE AGBU MISSION TO UPLIFT ARMENIAN LIVES THROUGH CREATIVE EXPRESSION. OVER THE DECADES, AGBU HAS LAUNCHED AN ARRAY OF CULTURAL INITIATIVES THAT CONNECT ARMENIANS IN EVERY GENERATION ACROSS THE WORLD. WE ALSO ENCOURAGE RISING TALENTS TO EXPLORE THEIR POTENTIALS, AND WE PARTNER WITH WORLD-CLASS INSTITUTIONS TO SHARE OUR GIFTS WITH GLOBAL AUDIENCES.


CULTURAL-ENRICHING THE MULTIFACETED ARMENIAN EXPERIENCE - ARMENIAN CULTURE THRIVES ACROSS THE WORLD AS A KEY MARKER OF OUR UNIQUE NATIONAL IDENTITY. MUSIC AND THE ARTS, LITERATURE AND ARCHITECTURE, AS WELL AS ANCIENT, FOLK AND RELIGIOUS TRADITIONS HELP DRIVE THE AGBU MISSION TO UPLIFT ARMENIAN LIVES THROUGH CREATIVE EXPRESSION. OVER THE DECADES, AGBU HAS LAUNCHED AN ARRAY OF CULTURAL INITIATIVES THAT CONNECT ARMENIANS IN EVERY GENERATION ACROSS THE WORLD. WE ALSO ENCOURAGE RISING TALENTS TO EXPLORE THEIR POTENTIALS, AND WE PARTNER WITH WORLD-CLASS INSTITUTIONS TO SHARE OUR GIFTS WITH GLOBAL AUDIENCES.


SOCIO-ECONOMIC DEVELOPMENT - BUILDING A SUSTAINABLE HOMELAND - IN THE REPUBLIC OF ARMENIA, THE STAKES FOR SOCIO-ECONOMIC PROGRESS ARE FOREMOST TO ENSURE A LIVING MANIFESTATION OF OUR COLLECTIVE IDENTITY WITHIN THE BOUNDARIES OF A LAND THAT IS AT ONCE A SOVEREIGN NATION STATE AND AN ANCESTRAL HOMELAND. AGBU WORKS TO STRENGTHEN THE COUNTRY BY PROVIDING INFRASTRUCTURES AND RESOURCES TO CARVE A PATH TO UPWARD MOBILITY. THESE NATION-BUILDING STRATEGIES ARE ESSENTIAL TO FUELING THE ECONOMIC GROWTH CRITICAL TO LONG-TERM NATIONAL VIABILITY. WITH OUR SAFETY NETS FOR THE MOST VULNERABLE, OUR STEPPING STONES FOR JOB SEEKERS AND AMBITIOUS ENTREPRENEURS, AND OUR BRIDGES THAT CONNECT KEY INDUSTRIES TO WORLD MARKETS, AGBU'S COMMITMENT TO HELPING ARMENIA IS REFLECTED IN WELL-DESIGNED STRATEGIC PROGRAMS AND PROJECTS AIMED AT STEADY ECONOMIC GROWTH AND SUSTAINABILITY.


SOCIO-ECONOMIC DEVELOPMENT - BUILDING A SUSTAINABLE HOMELAND - IN THE REPUBLIC OF ARMENIA, THE STAKES FOR SOCIO-ECONOMIC PROGRESS ARE FOREMOST TO ENSURE A LIVING MANIFESTATION OF OUR COLLECTIVE IDENTITY WITHIN THE BOUNDARIES OF A LAND THAT IS AT ONCE A SOVEREIGN NATION STATE AND AN ANCESTRAL HOMELAND. AGBU WORKS TO STRENGTHEN THE COUNTRY BY PROVIDING INFRASTRUCTURES AND RESOURCES TO CARVE A PATH TO UPWARD MOBILITY. THESE NATION-BUILDING STRATEGIES ARE ESSENTIAL TO FUELING THE ECONOMIC GROWTH CRITICAL TO LONG-TERM NATIONAL VIABILITY. WITH OUR SAFETY NETS FOR THE MOST VULNERABLE, OUR STEPPING STONES FOR JOB SEEKERS AND AMBITIOUS ENTREPRENEURS, AND OUR BRIDGES THAT CONNECT KEY INDUSTRIES TO WORLD MARKETS, AGBU'S COMMITMENT TO HELPING ARMENIA IS REFLECTED IN WELL-DESIGNED STRATEGIC PROGRAMS AND PROJECTS AIMED AT STEADY ECONOMIC GROWTH AND SUSTAINABILITY.


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Board, Officers & Key Employees

Name (title)Compensation
Berge Setrakian
President
$0
Joseph Oughourlian
Vice President
$0
Nazareth Festekjian
Treasurer
$0
Yervant Demirjian
Assistant Treasurer
$0
Sarkis Jebejian
Secretary
$0
Arda Nazerian Haratunian
Assistant Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Printsolutions
Printing Services
$297,613
Grubb & Ellis Management Services Inc
Maint.(condo) Fee, Capital Improvment
$182,547
Najarian Building & Development Inc
Construction Contractors
$374,287
Tardis Llc
Website Design/maintenance
$115,200
Marcum Llp
Accountants & Business Consultants
$103,014
Najarian Building & Development Inc
Construction Contractors
$374,287
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$22,528
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$34,005,361
Noncash contributions included in lines 1a–1f $112,206
Total Revenue from Contributions, Gifts, Grants & Similar$34,027,889
Total Program Service Revenue$781,587
Investment income $4,357,411
Tax Exempt Bond Proceeds $0
Royalties $5,214
Net Rental Income $65,651
Net Gain/Loss on Asset Sales $3,187,390
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $42,419,928

Grants Awarded

Over the last fiscal year, Armenian General Benevolent Union has awarded $15,348,786 in support to 24 organizations.

Grant RecipientAmount

AMERICAN UNIVERSITY OF ARMENIA CORP

PURPOSE: EDUCATIONAL

$645,761

AMVETS

PURPOSE: EDUCATIONAL

$71,395

CREATIVE ARMENIA

PURPOSE: CULTURAL

$100,000

POMEGRANATE FOUNDATION

PURPOSE: HUMANITARIAN

$10,000

AGBU MANOOGIAN-DEMIRDJIAN SCHOOL CANOGA PARKCA

PURPOSE: EDUCATIONAL

$253,137

SAINT JOSEPH UNIVERSITY FOUNDATION BEIRUT INC

PURPOSE: CULTURAL

$10,000
View Grant Profile

Peer Organizations

Organization NameAssets
Central Fund Of Israel
Cedarhurst, NY
$109,179,379
American Friends Of Yeshiva Dmir Inc
Brooklyn, NY
$39,014,952
Morasha Olami Inc
Lakewood, NJ
$34,940,698
Root Capital Inc
Cambridge, MA
$29,107,606
Acumen Fund Inc
New York, NY
$53,208,748
Armenian General Benevolent Union
New York, NY
$42,419,928
Jerusalem Foundation Inc
New York, NY
$11,151,809
Tibet Fund
New York, NY
$12,389,267
Friends Of Ir David Inc
New York, NY
$13,083,858
United Board For Christian Higher Education In Asia
New York, NY
$13,745,985
Yeshivas Chasidei Belz-Belz Institutions In Israel
Brooklyn, NY
$9,143,933
American Friends Of Maoz-Seal Inc
Haverhill, MA
$7,379,904
American Friends Of Shalva Israel Inc
New York, NY
$9,512,576
Association For Cultural Interchange Inc
New York, NY
$5,933,961
Bayis Lepleitos Ateres Bonos Inc
Brooklyn, NY
$6,773,010
Bucks County Organization For Intercultural Advancement
Princeton, NJ
$6,536,918
Save Venice Inc
New York, NY
$3,566,257
American Committee For Sanz Institutions Of Israel Inc
Brooklyn, NY
$6,835,997
American Committee For Tel Aviv Fdn Inc
New York, NY
$13,873,852
Yad David Inc
Brooklyn, NY
$4,716,519
American Friends Of Genesis Jerusalem Inc
Springfield, NJ
$4,501,443
Kosciuszko Foundation Inc
New York, NY
$6,264,988
Turkish Philanthropy Funds Inc
New York, NY
$4,913,066
Emunah Of America Inc
New York, NY
$3,618,408
Kepler Inc
New York, NY
$17,426,500

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