The Seroonian Fund was established by the will of the Karakin Seroonian Estate under the guidelines of the A.C.A.A. Endowment Fund in early 1992. This fund is governed by the appointed Trustees within the policies and procedures of the other funds. There is no restriction on the use of the income, but the principal must remain restrictive. Albert Bagian was the Executor of the Seroonian Estate at the time and instrumental in the creation of this ACAA Seroonian Fund.