In 2001, the Arshak II Opera Committee held a sold-out Gala to raise funds for the reconstruction of the Vanadzor Music School. The Gala proceeds of approximately $250,000 were partially used in the joint efforts for the reconstruction of the School and the rest for future maintenance, instruments for the school and other related expenses.
Since 2013, The Paros Foundation has been managing the Arshak II Opera Committee-Music School Fund in addition to providing financial support directly to the Vanadzor Music School. These funds are allocated to projects and efforts that improve the Vanadzor Music School.