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Are my donation tax deductible? |
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If you are a resident USA tax payer we are hoping to shortly have tax deductibility through one of our partner organisations, the Armenian Village Operations. Their registered charity number has been applied for and is in the process of approval with the relevant government departments. |
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Can I contribute by credit card? |
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Unfortunately our setup cost for this would be very high, as would the ongoing bank fees, so at this stage we can only take donations by bank transfer, cheque or cash. |
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What level of financial transparency do you have? |
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Each March we allocate the budgets within our organisation and the teams work within that budget. The AGM each February reviews the finances of the previous year. Additionally, we print our detailed finances our Annual Report each year, and we provide 2 pure financial reports to the dept of tax and the pension fund.
More importantly we have had open books with the Swiss foundations and they have been involved with us since 1992 having access to our financial records at all times.
In a country that unfortunately has serious issues of corruption, we are aware of how important it is to know that financial support is utilised appropriately, and we are always happy to show people around our premises so they can physically see the results of their donations.
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Is it safe to send money to your bank account? Are the local banks reliable? |
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All our finances and banking is done and maintained at HSBC in Yerevan
DAA Account No.:
001-061787-001
Currency Account No.:
001-061787-101
Swift: MIDLAM22
HSBC Bank Armenia
1 Nersisyan str. Yerevan,
0014, Armenia
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Can I have my contribution go to a specific person or project? |
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Yes, as long as the donation is within the guidelines of our program e.g. we can not give money you send to a friend or relative. They must be a patient or a direct family member of a patient being treated by the hospital. We can allocate finances as you request to the family or to a project of your choice. Please contact us for further detail. |
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What % of my money will be spent on administration and operational costs? |
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A maximum of 15% of our budget is spent on administrative costs. We are always trying to keep it as low as possible so that we have more money to work with our patients. |
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How high are the wages paid within the organisation? |
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The average wage we pay our psychosocial workers is approx $100 per month and the teachers receive approx $85 per month, with the highest wage being $160. The reality is most of our staff if they worked for overseas charities based here or other organisations would receive significantly higher wages. |