The children of Sargis and Mary Izmirlian established the Izmirlian
Foundation in 1994 in memory of their parents. The goal of the
Foundation is to help Armenia and contribute to the welfare of Armenian
The Izmirlian Foundation launched its activities in Armenia by
sponsoring educational and health programs, as well as ongoing programs
promoting the development of society.
With the purpose of contributing to the development of free market
relations and business in Armenia and creating new workplaces, from 1999
to 2009 the Foundation carried out programs promoting SME development
by providing low-interest credit in manufacturing, agriculture and
With the purpose of expending SME support initiatives, the Foundation
collaborated with Eurasia Foundation (1999-2007, Washington D.C.) and
the Black Sea bank for Trade and Development (2003-2007, Saloniki). The
Foundation is currently working with Ararat bank and ECLOF universal
credit organization by co-funding credits with below-the-market interest
rates to enterprises in order to contribute to Armenia's economic
Izmirlian Foundation provides annual contribution to HAYASTAN - All Armenian Fund for humanitarian purposes.
The Foundation has shown support to Vazgen Sargsyan Military Academy to
improve the water and electricity supply and the conditions of the
military units. The Foundation has provided funding for the restoration
of "Mari and Sargis Izmirlian" Library at Yerevan State
University and continues to sponsor the library to this day. Within the
frames of that initiative, the Foundation and the Open Society Institute
have helped create a general online network of six major libraries of
Since 2003, the Foundation is carrying out a social and tourism development program in Meghri to develop
traditional arts and crafts and hotel services.
In 2004, the Foundation renovated and supported "Mary Izmirlian" Orphanage in Yerevan.
On October 15, 2013, the Izmirlian Medical Center was officially opened
in Yerevan. This is one of the largest philanthropic investment programs
in the healthcare sector in Armenia.