When the Armenian Cultural Association of America, Inc. was established on March 10, 1969, the original Board of Directors were, Tatul Papazian, Albert Derian, Robert Kaloosdian, James Tashjian, Setrak Minas, Murad Piligian and Anthony Varjabedian. Then in 1975, under the direction of Col. Harry Sachaklian with support from Dr. Hratch Aprahamian and others, the corporation filed and was granted the non-profit 501(c)(3) status. This new Non Profit Status allowed the opportunity for Our Organization to be financially supportive in the areas of Grants for Culture, Education, and Internship to advance the Armenian Mission in its many needs and endeavors. But this new status prohibits any political activity funding.
Ultimate and final authority is the Board of Directors & Officers of the Armenian Cultural Association of America, Inc. From this structure, an Executive Committee Chairman is appointed by ACAA and fully authorized to become the Managing Trustee of the ACAA Endowment Funds. The Managing Trustee of the ACAA Endowment Fund and all members of the Executive & Regional Committees serve at the will of the ACAA Board of Directors. Once the parameters of the endowment program had been established by the Board of Directors, then the Endowment Trustees, under direction of its Managing Trustee, is directed to complete and manage the funds in a prudent and fiduciary manner as expected by the standards of the ACAA.
The ACAA is a registered American 501(c)(3) non-profit corporation and donations are tax deductible.