Financials

2020 Asset Base

The financial statements of the Fund for Armenian Relief, Inc. for the year ending December 31, 2020, have been audited by the accounting firm of WithumSmith+Brown. The independent auditors issued an “unqualified opinion” that FAR statements conform to accounting principles generally accepted in the United States of America and that “the financial statement...present fairly, in all material respects, the financial position of the Fund for Armenian Relief, Inc.” as of the given date. The audit report is available upon request.

Cash and cash equivalents

$4,316,372

Investments

$4,170,509

Contributions and pledges receivable

$3,298,848

Prepaid expenses

$2,660

Inventory of supplies and donated goods

$850,762

Property and equipment, net

$1,555,417

Beneficial Interest in funds held by others

$2,130,602

Pooled investments held by ACEF

$4,176,579

Total assets

$20,501,749

2020 Financial Highlights

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