Amaras is home for two scholarship funds, Hovaness Badalian Music Fund and the Karapents Scholarship Fund.
The Karapents Scholarship Fund was established by his family following the passing of the author to supports promising young individuals in Armenia who are majoring in literature, journalism and dramatic arts.
Karapents was one of the diasporan Armenian writers who embraced the present in his works and, by an inner impulse, discussed issues that were connected to the postwar
(World War II) daily and intellectual life of the Diaspora.
from Asbares.com January 9, 2009 article
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