The CAIA Board of Directors is pleased to announce that CAIA has now completed the administration of the bequest of the late Helene Wells and has distributed all funds of the bequest in accordance with the wishes of Ms Wells including all accumulated interest and the account has now been closed.

To advise the CAIA Board in deciding upon suitable recipients and allocation of funds,
a Bequest Committee was formed comprising HG Bishop N. Hovhannisian, H.E. Dr V. Gabrielyan, Mrs R. Cherchian, Mr A. H. Palamoudian, Mrs A Hogg and Mr. L. Agulian and we would like to thank the members of the Committee for their contribution which ensured that the process of distribution was objective, transparent and in an accountable manner.

The CAIA would like to also thank Rutters Solicitors for their cooperation and patience while we dealt with the time-consuming task of allocating distribution, and the responsibility of ensuring that we administered the bequest faithfully in accordance with the original intentions of the late Helene Wells to aid Armenia in memory of her father, Dr. Michael Mandinian.

The recipient organisations and the distribution of the funds from the legacy are listed below. All have acknowledged receipt of the funds allocated to them, to be used for the benefit of the people of Armenia in accordance with the wishes of the late Helene Wells, and all have agreed with our funding conditions, which include an undertaking by them to provide progress reports on the application of the funds.

Souren Grigorian
Chairman of the CAIA Board of Directors - June 2007