The Kalaydjian Foundation was founded in 1984 by brothers Bedros and Aram Kalaydjian, in Nicosia, Cyprus. It is a non-profit benevolent organization set up in 1984 with the purpose of helping disadvantaged and needy members of society, with a major focus being on the Armenian community in Cyprus.
According to its founding charter, the Foundation aims to set up and maintain a rest home for the elderly, grant scholarships to gifted students for higher education in Cyprus or abroad, give financial assistance to people in urgent need of medical treatment abroad, provide aid to disadvantaged members of society in Cyprus, provide funding for the restoration of buildings and monuments of traditional character and/or architecture, and to promote and sponsor the development of culture and the arts in Cyprus.
One of the Kalaydjian Foundation's main roles at present is the running of the Kalaydjian Rest Home for the Elderly, which it opened in March 1988 in Nicosia, Cyprus.
The Kalaydjian Rest Home was built by the brothers Bedros and Aram Kalaydjian in memory of their parents and originally comprised 12 rooms, but following a major renovation and extension in 2005, it now boasts 22 rooms with capacity for a total of 40 people. Its facilities include two large sitting rooms with libraries and satellite television, two dining rooms, and air-conditioning, television and private bathrooms in every room. Furthermore, a small chapel was added next to the home in 1996 to address its residents' spiritual needs.