The Paros Foundation underwrites all administrative and overhead costs allowing 100% of all donor contributions to godirectly towards projects and supported organizations.
Donations to The Paros Foundation Projects for Prosperity are tax deductible to the fullest extent allowed by law. To sponsor a project through The Paros Foundation, a 501 (c) 3 organization (Tax ID 20-5094630), or learn more about specific projects in need of funding, please contact us using the information below.
The Armenia Support Fund (ASF) was established in early 2020 to take on strategic initiatives impacting Armenians in both Armenia and around the globe. In response to COVID-19, ASF partnered with The Paros Foundation to launch the “Armenia COVID-19 Small Business Support Initiative,” which aimed to raise funds to support the business-related needs of family-owned businesses negatively impacted by COVID-19 in Armenia. This project raised $50,000 and provided small business grants to over 40 struggling businesses in Armenia.
As part of ASF’s efforts to help rebuild Armenia after the devastation caused by the Azeri conflict, ASF has once again partnered with Paros to build the first ever exclusively Armenian online marketplace platform. This e-commerce website will be called, Shop Shouga (Armenian for marketplace) and will help businesses in Armenia sell overseas to diaspora communities and non-Armenians. We have handpicked and curated the collection to ensure the quality and value of the products.
Our team will help purchase the products that ASF has sourced from Armenia as well as ship them to Los Angeles where they will be placed in a fulfillment center for delivery.
Throughout Armenia & Artsakh
City / Village
Throughout Armenia & Artsakh
ASF Online Marketplace Plat – Shop Shouga
$17,492 of $30,000 raised
COVID-19 and the war have had a devastating effect on Armenia’s economy and families that own small businesses. The pandemic ruined Armenia’s flourishing tourism industry and the war has displaced many small-business owners. Now, more than ever, it is crucial that we encourage people to buy Armenian products. The Armenia Support Fund is committed to helping enable Armenia based small businesses to sell online internationally.
Short Term Impact
In the short term, this project will help Armenia based small businesses get back on their feet and keep their businesses running. The affects of this project will be felt immediately as it helps promote economic stimulus in Armenia.
Long Term Impact
In the long term, helping these family-owned small businesses will not only help Armenia’s economy recover, but will help ensure these families remain committed to their businesses and not consider abandoning them for economic reasons.
Sponsors of this important project will be listed on The Paros Foundation and The Armenia Support Fund websites and in relevant press.