 8000 in his will dated 30 July 1797, towards the establishment of a school for the education of Armenian Children.Some writers incorrectly state that he could have left money to establish an "Armenian College" when the name itself was not even decided at the time of his death.Later, another Julfa born merchant, Manatsakan Sambat Vardanian of Saidabad in 1816, published a pamphlet "Hravirak" through which he urged his compatriots to donate money for establishing a school for Armenian children.