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Hayastan Fund collects 80% of pledged donations

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  • Hayastan Fund collects 80% of pledged donations

    ArmenPress
    March 1 2005

    HAYASTAN FUND COLLECTS 80 PERCENT OF PLEDGED DONATIONS

    YEREVAN, MARCH 1, ARMENPRESS: Hayastan all-Armenian Fund said it
    has collected some 80 percent of donations, pledged during a last
    year telethon. The latest telethon on 2004 November 25 set a
    fundraising record on Thanksgiving Day by raising over $11 million
    during live, 12-hour international broadcast event.
    Funds are raised to complete the crucial North-South "Backbone"
    Highway and provide for vital infrastructure projects in Armenia and
    Karabagh. Telethon 2004 was broadcast to over 45 million households
    in 24 cities throughout the United States and Canada, as well as to
    major capitols and cities in Europe, South America, the Middle East,
    the CIS and Armenia.
    The Fund said construction of a section of the highway stretching
    from Stepanakert to Karmir Shuka is underway. Construction of other
    sections is set to start in late March.
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