The mission of The Hirair and Anna Hovnanian Foundation is to
provide funding for charitable, educational, religious, scientific,
literary or testing for public safety purposes as described under
Section 501(c)(3) of the Internal Revenue Code of 1986, as
amended (the “Code”), with a primary focus on providing such
funding so as to assist Armenian communities world-wide by
gifts, grants, contributions and program-related investments to
Section 501(c)(3) organizations, foreign Non-Governmental
Organizations (NGO’s) pursuant to existing United States tax law
requirements, or to governments exclusively for charitable
purposes described in Section 170(c)(2)(B) of Code, or so as to
assist charitable or educational organizations located in Ocean or
Monmouth County, New Jersey, whose primary activities include provision
of health care or education and training in real estate