THE KAZANJIAN FOUNDATION LAUNCHES JEWELS FOR CHARITY AND THE MUSEUM COLLECTION TOUR

Jewels for Charity Museum Collection Tour travels to fine jewelry stores, galleries and museums worldwide featuring prized jewelry formerly owned by Hollywood celebrities– BEVERLY HILLS, CA, August 12, 2004 – The Kazanjian Foundation, the charitable arm of the prominent jewelry company Kazanjian Bros., Inc., announced today their Jewels for Charity program. This unique program provides individuals with an opportunity to donate fine jewelry to the charity of their choice and receive the highest tax benefit permitted by law. Jewels for Charity is the only known program in the world that can help turn old treasured jewelry into the treasure of life. The Kazanjian Foundation’s Jewels for Charity program makes the donation process simple and enjoyable, and helps individuals help those less fortunate. To benefit Jewels for Charity, The Kazanjian Foundation sponsors the Jewels for Charity Collection Tour. The tour travels to fine jewelry stores, galleries and museums worldwide featuring a collection of prized jewelry formerly owned and worn by Hollywood’s A-list celebrities including Bing Crosby, Clark Gable, Eva Gabor, and Madonna. Jewelry from such notables as the Shah of Iran and Howard Hughes, among others is also featured. The Kazanjian Foundation is organizing a tour throughout the United States that will exhibit this rare and unique collection of jewelry with the hope that it will raise awareness, and encourage additional donations of estate jewelry to the Foundation. These important donated pieces are the corner stone of the Foundations philanthropy. It is through their sale that charities and individuals benefit. “We all look for ways to help our community, our cities and our country. To make a difference in our world, and perhaps help people live better lives. With this commitment in our hearts, we have steered the Kazanjian Foundation in a direction that we believe will best serve the world today. Jewels for Charity is a win-win situation for donors and charities,” said Michael Kazanjian, president of the Kazanjian Foundation. To qualify, donated jewelry must be worth over $10,000 per piece. Jewelry preferred include Art Deco pieces, vintage and exclusive items. In exchange for the opportunity to host the Jewels for Charity Collection Tour, the venues are asked to sell the jewelry that has been donated by individuals at full market value. The host venue joins the effort by giving up their normal profit in exchange for the opportunity to donate 30 percent of the proceeds to a local charity of their choice. The remaining 70 percent goes to the donor’s charity of choice. One hundred percent of the Jewels for Charities operational costs are subsidized by the Kazanjian family who currently underwrites all operating expenses for the Foundation. In the past, charities liquidated fine jewelry at wholesale rates, usually ten to twenty cents on the dollar. Jewels for Charity enables individuals and charities to obtain full fair market value for donated jewelry, often benefiting far more than from a liquidation sale. The IRS typically allows deductions at the lower of fair market value, or of the purchase price of the item. Since resale values are low, donors can often realize more after taxes through Jewels for Charity than by selling the jewelry first hand. The Jewels for Charity program makes the donation process simple. For those interested in donating jewelry, please call 310.278.0811 for forms and procedures. If necessary, the Kazanjian Foundation will help you locate an independent appraiser in your local area. About The Kazanjian Foundation: The Kazanjian Foundation, a 501c (3) non-profit organization, was established in 1957 to support scientific, artistic, cultural and other worthy causes. The Beverly Hills based Foundation emphasizes programs for disadvantaged and underprivileged youth, and also provides scholarships for promising inner-city youths. The establishment of the Foundation was motivated by the Kazanjian family’s gratitude to the United States where their migrant forebears sought and found refuge in the early part of the previous century. Headquartered at 9489 Dayton Way, Suite 300, Beverly Hills, CA 90210; Tel: 310.278.0811; Fax: 310.275.0713 or visit www.jewelsforcharity.org.