Impactful initiatives in education, sports and culture
2024
The Amaryan Charitable Foundation. All rights reserved.
About us

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.

2024
The Amaryan Charitable Foundation. All rights reserved.
Foundation

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.

2024
The Amaryan Charitable Foundation. All rights reserved.
Board

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.

For our family, philanthropy is about leaving a positive impact on Armenia and building a lasting legacy for generations to come
2024
Amaryan-img
Spartak Amaryan

Armenian cybernetician, father of Amaryan brothers

Amaryan-img
David
Amaryan

Founder and CEO of Balchug Capital investment entity, an internationally recognized leader in alternative investments.

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Vardan
Amaryan

Founder of Apricot Capital CJSC investment company, an accomplished professional trader and investment manager.

Programs

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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2024
The Amaryan Charitable Foundation. All rights reserved.
News

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June 6, 2025

Education

In April 2025, the Amaryan Charitable Foundation supported CaseKey Academy 2025 as the title sponsor of the program, marking its second cons

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May 16, 2025

Culture

In May 2025, a practical-scientific conference dedicated to discussing management approaches for UNESCO World Heritage Sites was held at the

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April 17, 2025

Humanitarian

We support the 'Sun-Children' Child Health and Development Center, an NGO dedicated to supporting children with Down syndrome and their

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November 25, 2024

Education

The Director of the Amaryan Charitable Foundation, Aleksandr Khachaturyan, joined an esteemed panel of CaseKey 2024 jury members

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November 12, 2024

Education

In November 2024, our co-founder, David Amaryan, had an interactive discussion with university students from across Armenia.

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July 11, 2024

Culture

In July 2024, the Amaryan Charitable Foundation donated 1750 books to the Gevorkian Theological Seminary and the Vaskenian Theological Acade

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June 16, 2024

Culture

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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May 15, 2024

Education, Culture

In May 2024, The Amaryan Charitable Foundation supported the Primavera Foundation Educational Academy to bring to the public a series of edu

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2024
The Amaryan Charitable Foundation. All rights reserved.
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2024
The Amaryan Charitable Foundation. All rights reserved.