Budget Modification

The launch and progress of fundraising showed the need for some changes that will improve the campaign's effectiveness.

Accordingly, we have made the following changes.

We have reduced and postponed expenses for seminars and initial repair supplies, directing them to training our team, as we felt a lack of experience in fundraising, community building, and marketing.

• 380,000 drams are allocated for the fee of the three-month "reArmenia Academy" educational program for developing fundraising skills and effective artificial intelligence applications.
• The community building course worth 79,000 drams is conducted by Mayis Margaryan, founder of our strategic partner MEM. As support, this course is provided to us for 40,000 drams.
• 290,000 drams are allocated for a two-month SMM service and video/photo content creation. Until now, we tried to do this with our own resources, but experience showed that professional team involvement is crucial.

By utilizing the services of BAL Marketing and Creative LAB founded by our mentor Misha Poghosyan in Gyumri, as well as the Community Building course of our other mentor Mayis Margaryan, we remain faithful to our mission, spending every penny in the direction where the maximum number of students from the marz will be able to work, as both these companies actively involve students in their teams.

Following the same logic, during the renovation process, we also decided to hire a student from the engineering and drawing field who will undergo paid practice directly in the work on our project.

We also want to inform you that only 89,500 drams remain until the completion of the targeted first phase of our budget. We would be very happy if you shared this idea with your friends, helping us raise this amount and giving us the opportunity to start our work.

Thank you for being with us.

1 Million Drams from Gyumri's "American Neighborhood"

The "ImasToonn" building is located right in the American Town. Our strategic partner has not only provided the space on preferential terms but also donated 1 million drams to our project. The well-organized, purposefully designed infrastructure of this town, its community-centered strategy, and the special selection of its residential segment make this location the best place for our activities.

Smart Whiteboard Worth Approximately $7,000

In this image, where a TV was formally placed, we already have real technology. Our strategic partner, the "Children of the Regions" initiative, led by Mayis Margaryan, has gifted us a large touchscreen smart whiteboard. We are extremely grateful!

During our studies at reArmenia Academy, Gevorg Poghosyan is my mentor, and after discussions about our student initiative, we developed several important changes.

We will provide student housing for only 6 months, in some cases a maximum of 1 year, positioning ourselves as a "student transition hub" instead of a dormitory: Objectives:

1. Increase impact by engaging more students.
2. Make the student self-sufficient within 6 months by intensively acquiring useful skills, and finding the most compatible work in their field of education that will:

• Provide financial income
• Help apply learned skills in practice without deviating from the learning goal

As a result, the student will be able to rent their own apartment and free up space for the next generation.

Our primary value is the idea of decentralization There's always a risk that a student coming from a village to a city might lose connection with their community. This contradicts our ideas and would turn Gyumri into another "Yerevan".

To neutralize this risk, we will prioritize students who plan to or are already studying in Yerevan but, after learning about our educational and development opportunities, will prefer to move to Gyumri.

Even if a student doesn't see their future in the village and will move to a city anyway, moving to Gyumri instead of Yerevan will reduce centralization, staying true to our main mission.

The greatest advantage will be given to Yerevan residents who want to move to and study in Gyumri (such precedents already exist). This might seem socially unfair, as Yerevan residents need less social support compared to students from villages, but it has the following logic:

1. First, we'll provide housing to Yerevan students for a maximum of 6 months.
2. A Yerevan student moving to the region brings significant change. Being the smallest category of beneficiaries, they set an example and encourage regional students to stay and study in the region.
3. Yerevan residents coming to Gyumri also need support, but more psychological than financial. Society, family, and friends negatively perceive moving from Yerevan to the region, considering it a strange decision contrary to the large flow from regions to Yerevan. This decision faces resistance, and even when overcome, receives minimal parental support.

Thank you to all our supporters who trusted us, regardless of the amount they contributed.

Thanks also to those who haven’t yet supported us. Your input helps refine our project as we analyze and address potential flaws.

Taking advantage of the quieter fundraising period, we made two updates to the second floor:

1. We divided one of two four-person rooms into single and triple rooms, allowing for more versatile usage and occupancy.
2. Added private bathrooms to double rooms, reducing wardrobe space, as these rooms are intended for short-term guests like speakers and partners.

The new pricing reflects these changes:

• Single room: 20,000 AMD/month
• Triple room: 50,000 AMD/month (16,600 AMD per person)
• Four-person room: 60,000 AMD/month (15,000 AMD per person)

These prices cover only 60% of operating costs. To bridge the gap, the remaining rooms may be rented out on a daily basis, exclusively to our supporters and partners, under terms to be announced soon.

If you have questions or suggestions, please reach out—they are as valuable as financial contributions.