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Christian and Charitable Organizations Awarded $20 Million in Armeni

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  • Christian and Charitable Organizations Awarded $20 Million in Armeni

    Christian Post, CA
    Jan 27 2005


    Christian and Charitable Organizations Awarded $20 Million in
    Armenian Genocide Settlement


    Photo: Joseph Basralian, far left, representing the Armenian General
    Benevolent Union, Andrew Torigian, second from left, representing the
    Armenian Missionary Association of America, Sam Mikaelian, center,
    representing the Armenian Church of America, Rev. Anoushavan
    Tanielian, second from right, representing the Armenian Apostolic
    Church, and Bishop Manuel Batakian, far right, representing the
    Apostolic Exarchate for Amenian Catholics, each hold checks their
    organizations received during a news conference in New York,
    Wednesday Jan. 26, 2005. The five representatives each received
    $333,333.33 as part of a $20 million settlement reached between New
    York Life Insurance Co. and descendants killed 90 years ago in the
    Ottoman Empire. (AP Photo/Bebeto Matthews)

    Nine Armenian Christian and charitable organizations began receiving
    a part of the $20 million settlement between descendants of Armenians
    who perished in the first genocide of the 20th century and the New
    York Life Insurance Company.

    The nine organizations, including New York's Armenian General
    Benevolent Union, the Burbank-based Western Diocese of the Armenian
    Church of North America, and New Jersey's Armenian Missionary
    Association of America, Inc., were chosen for helping Armenians flee
    from the Turkish Ottoman Empire to the United States during the
    genocide of 1915, during which an estimated 1.5 million Armenians
    were massacred.

    According to Armen Hampar, a member of the Western Diocese, the fund
    will be a great benefit to the diocese.

    `It would be a great benefit to the diocese. All these
    organizations are building and have the need for funds, and obviously
    that kind of contribution to us is going to be very meaningful," said
    Hampar. "We're looking forward to it and it will certainly enable the
    diocese to pursue new programs and enhance the ones that are now in
    effect."

    According to reports, many of the thousands of Armenians who
    purchased insurance policies were massacred during the genocide, and
    the rightful policy heirs were unable or uninformed of the
    compensation.

    The suit to claim those funds was settled after 5 years of
    deliberations in January, 2004.

    Potential heirs of the policyholders have until March 15 to file a
    claim for the portion of the $20 million settlement, or their rights
    will be waved.

    Please box: For more information on the settlement or to obtain a
    Notice of Claim form, call (866) 422-0124 or visit
    www.armenianinsurancesettlement.com

    http://www.christianpost.com/article/church/1867/section/christian.and.charitable.organizations.awarded.$20 .million.in.armenian.genocide.settlement/1.htm
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