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Coverage of Support Costs to Enable the Crowdfunding Initiative to Do More
During Ayo!’s third birthday celebration, our founder Ms. Marta Batmasian, made the surprise announcement about the decision of she and her husband Mr. James Batmasian, to allocate a new round of generous funding to fully cover our operational and administrative costs.
Ms. Batmasian has generously supported Ayo! since our inception by allowing all funds raised through our crowdfunding initiatives to go directly to our local projects.
The celebration, which was held in Derian Restaurant in Yerevan, was attended by Fund for Armenian Relief’s (FAR’s) visiting Board of Directors, local donors, friends, and FAR staff.
More good news followed. After the announcement about our latest project Breathe Freely, which also inspired the anti-smoking theme of the evening, FAR Board Treasurer Mr. Dennis Tarzian also announced he made a generous donation to ultimately fill the remaining gap in funding for the project.