Foundation
Board of directors
We believe in the potential of Armenia's human capital. Our foundation is committed to making a positive and lasting impact on the development of individuals and communities in Armenia by supporting initiatives in education, sports, culture, and youth development.
The Amaryan Charitable Foundation was established in October 2023 by David Amaryan, entrepreneur and investor, the founder and executive director of Balchug Capital, and Vardan Amaryan, businessman and the founder of Apricot Capital investment company.
Our founders, who have a long history of supporting charitable causes, decided to bring their efforts under the Amaryan Charitable Foundation umbrella to expand their reach and create a sustainable, long-term impact on Armenia by supporting strategic initiatives that benefit a wide range of beneficiaries, with a special focus on education, sports, culture, and youth development.
The Amaryan Charitable Foundation is guided by a dedicated board, comprising accomplished businessmen who have achieved success in the business world, particularly in investments.
Sharing a common vision, these individuals now seek to leverage their expertise and resources to make a positive impact on Armenia's future.
Armenian cybernetician, father of Amaryan brothers
Amaryan
Founder and CEO of Balchug Capital investment entity, an internationally recognized leader in alternative investments.
Amaryan
Founder of Apricot Capital CJSC investment company, an accomplished professional trader and investment manager.
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Education
Education is the foundation for a brighter future. By supporting educational initiatives that benefit a wide range of beneficiaries, we invest in the leaders and innovators of tomorrow.
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Sports
Sports and a healthy lifestyle are key to building a healthy and active society and communities. We support initiatives promoting sports, especially among youth.
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Culture
Culture plays a key role in strengthening national identity. Our cultural programs support initiatives that preserve, develop, and promote Armenia's rich and diverse cultural traditions, both locally and internationally.
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Humanitarian
Humanitarian crises require a coordinated and efficient response. Through our humanitarian programs, we support vulnerable groups affected by crises, offering urgent assistance and resources.
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July 8, 2025
As part of its education-focused initiatives, the Amaryan Charitable Foundation is supporting the Armenian translation of The Art of Violin
Read more →June 6, 2025
In April 2025, the Amaryan Charitable Foundation supported CaseKey Academy 2025 as the title sponsor of the program, marking its second cons
Read more →May 16, 2025
In May 2025, a practical-scientific conference dedicated to discussing management approaches for UNESCO World Heritage Sites was held at the
Read more →April 17, 2025
We support the 'Sun-Children' Child Health and Development Center, an NGO dedicated to supporting children with Down syndrome and their
Read more →November 25, 2024
The Director of the Amaryan Charitable Foundation, Aleksandr Khachaturyan, joined an esteemed panel of CaseKey 2024 jury members
Read more →November 12, 2024
In November 2024, our co-founder, David Amaryan, had an interactive discussion with university students from across Armenia.
Read more →July 11, 2024
In July 2024, the Amaryan Charitable Foundation donated 1750 books to the Gevorkian Theological Seminary and the Vaskenian Theological Acade
Read more →June 16, 2024
In June 2024, The Amaryan Charitable Foundation became the main sponsor of the Apricot Rally, the first-ever Armenian motorcycle festival in
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