Ares Charitable Foundation
THE GENERAL PURPOSES FOR WHICH THE CORPORATION IS FORMED ARE: (A) TO ENGAGE IN CHARITABLE ACTIVITIES CONSISTENT WITH THE PHILANTHROPIC OBJECTIVES OF ARES MANAGEMENT AND ITS FOUNDERS AND EMPLOYEES, WITH A FOCUS ON EDUCATION, HEALTH CARE, ENVIRONMENTAL AND SOCIAL CONCERNS; (B) TO SOLICIT, RECEIVE, AND ACCEPT DONATIONS, GIFTS, BEQUESTS, GRANTS, INCOME AND OTHER THINGS OF VALUE; (C) TO ENGAGE IN GRANT-MAKING TO UNRELATED ORGANIZATIONS AND INSTITUTIONS FOR CHARITABLE PURPOSES WITH A FOCUS ON EDUCATION, HEALTH CARE, ENVIRONMENTAL AND SOCIAL CONCERNS; AND (D) TO ENGAGE, WHETHER ALONE OR IN CONJUNCTION WITH OTHERS, DIRECTLY OR INDIRECTLY, IN ANY OTHER LAWFUL ACT OR ACTIVITY FOR WHICH CORPORATIONS MAY BE ORGANIZED UNDER THE DGCL, AND BY VIRTUE OF SUCH STATEMENT ALL LAWFUL ACTS AND ACTIVITIES SHALL BE WITHIN THE PURPOSES OF THE CORPORATION, EXCEPT FOR EXPRESS LIMITATIONS, IF ANY.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.4M
-57.2% YoY
Annual Giving
$10.3M
-10.0% YoY
Grant Count
11
+10.0% YoY
Avg Grant Size
$939K
-18.2% YoY
About Ares Charitable Foundation
Based on IRS filings
Ares Charitable Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in LOS ANGELES, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 11 grants totaling $10.3M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,420,029 | $3,316,227 | $1,689,267 |
| Revenue | $13,896,261 | $10,703,593 | $4,895,656 |
| Expenses | $13,286,086 | $13,620,769 | $5,992,890 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $-256 | $7,463 | $-353 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
43 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Jobs for the Future ($4,381,217), Alt Finance Corporation ($3,000,000), World Resources Institute ($1,200,091).
| Recipient | Purpose | Amount |
|---|---|---|
| ALT FINANCE CORPORATION CULVER CITY, CA | SUPPORT PROGRAMS FOR STUDENTS AND GRADUATES OF HISTORICALLY BLACK COLLEGES AND UNIVERSITIES. | $3,000,000 |
| JOBS FOR THE FUTURE BOSTON, MA | HELP INDIVIDUALS PREPARE FOR CLIMATE-RESILIENT JOBS IN THE U.S. AS WELL AS IDENTIFY LEADING TRAINING PROVIDERS, ORGANIZATIONS AND BEST PRACTICES TO DESIGN PATHWAYS TO THOSE CAREER OPPORTUNITIES. | $4,381,217 |
| OWNERSHIP WORKS NEW YORK, NY | EDUCATE INDIVIDUALS, EMPLOYEES AND COMPANIES ABOUT THE ECONOMIC AND OTHER BENEFITS OF ROAD-BASED EMPLOYEE OWNERSHIP OF BUSINESSES AND METHODS OF ADOPTING EMPLOYEE OWNERSHIP PROGRAMS BY RESEARCHING, DEVELOPING AND CONDUCTING EDUCATIONAL ACTIVITIES. | $200,000 |
| WORLD RESOURCES INSTITUTE WASHINGTON, DC | HELP BUILD THE RESILIENCE OF INDIA'S MICRO, SMALL AND MEDIUM ENTERPRISES ("MSMES") IN TWO STATES TO FUTURE-PROOF THEIR BUSINESS MODELS WITHIN A CHANGING CLIMATE. | $1,200,091 |
| AURORA WOMEN AND GIRLS FOUNDATION INC WEST HARTFORD, CT | THE GRANTEE WILL DEVELOP AND DELIVER A FINANCIAL LITERACY TOOLKIT TO HELP PARTICIPANTS IN THE INITIATIVE DEVELOP, STRENGTHEN AND APPLY PERSONAL FINANCE SKILLS, WITH THE INTENT TO DISSEMINATE THE TOOLKIT NATIONALLY TO SUPPORT LIKEMINDED NONPROFITS IN A NETWORK KNOWN AS THE NATIONAL PHILANTHROPIC COLLABORATIVE OF YOUNG WOMEN'S INITIATIVES ("NPCYWI"). | $93,200 |
| COUNCIL FOR ECONOMIC EDUCATION NEW YORK, NY | THE GRANTEE WILL UNDERTAKE A PILOT PROJECT IN SELECT STATES IN THE NORTHEASTERN U.S. TO BETTER ENSURE ITS PROVISION OF ROBUST PERSONAL FINANCE AND ECONOMIC EDUCATION PROGRAMS IN LOW-TO-MODERATE INCOME COMMUNITIES THROUGH A REVAMPED DELIVERY MODEL. IN ADDITION, THE PILOT IS INTENDED TO BRING THE GRANTEE'S YOUTH FINANCIAL EDUCATION PROGRAMS, TEACHER PROFESSIONAL DEVELOPMENT ACTIVITIES AND ADVOCACY EFFORTS TO SCALE IN THE REGION. | $248,782 |
| GROVE COLLECTIVE FOUNDATION WASHINGTON, DC | THE GRANTEE WILL UNDERTAKE RESEARCH ON THE SUCCESS DRIVERS OF TOP REVENUE-GENERATING BLACK- AND HISPANIC-OWNED REAL ESTATE DEVELOPMENT FIRMS IN THE U.S. AS WELL AS CONDUCT A LANDSCAPING OF WOMEN REAL ESTATE DEVELOPERS TO COUNTER THEIR UNDERREPRESENTATION IN THE FIELD SO THAT THESE HISTORICALLY MARGINALIZED ENTREPRENEURS CAN BETTER SCALE THEIR BUSINESSES AND OVERCOME EQUITY GAPS. | $102,800 |
| THE BROOKINGS INSTITUTION WASHINGTON, DC | THE GRANTEE WILL UNDERTAKE RESEARCH AND DEVELOP A SERIES OF PUBLICATIONS AND DATA PRODUCTS ON LATINO-OWNED BUSINESSES AND ENTREPRENEURSHIP. THE INITIATIVE WILL BUILD ON THE GRANTEE'S VALUING BLACK ASSETS INITIATIVE A FOUNDATIONAL RESOURCE FOR THE STATE OF BLACKOWNED BUSINESSES TO EXAMINE THE STATE OF LATINO-OWNED BUSINESSES. | $133,333 |
| CHARLES EDWARD FOUNDATION DBA WORKINGNATION BEVERLY HILLS, CA | HELP DESIGN AND FACILITATE A TOWN HALL IN ATLANTA, GEORGIA, WITH THOUGHT LEADERS, EXPERTS AND OPINION MAKERS TO DISCUSS HOW BEST TO ENSURE MORE EQUITABLE WORKFORCE OPPORTUNITIES FOR PEOPLE WITH DISABILITIES. | $500,000 |
| URBAN INSTITUTE WASHINGTON, DC | THE GRANTEE WILL UNDERTAKE RESEARCH THAT INFORMS THE CREATION OF A DYNAMIC, NO-COST TOOLKIT FOR U.S. EMPLOYERS THAT INCLUDES OPTIONS, PATHWAYS AND STRATEGIES TO SUPPORT THEIR IMPLEMENTATION OF EQUITABLE WORKPLACE WEALTH-BUILDING STRATEGIES THAT CUT ACROSS DIMENSIONS SUCH AS RACE, PLACE AND GENDER FOR LOW- AND MODERATE-WAGE EMPLOYEES. | $249,985 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL AROUGHETI | PRESIDENT | 1 | — |
| GREGORY MARGOLIES | TREASURER | 1 | — |
| MICHAEL D WEINER | SECRETARY | 1 | — |
| CAROLINE BLAKELY | DIRECTOR | 1 | — |
| MICHELLE ARMSTRONG | PRESIDENT | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Ares Charitable Foundation?
Ares Charitable Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in LOS ANGELES, CA. It holds $1.4M in total assets as of 2024.
How large is Ares Charitable Foundation?
As of 2024, Ares Charitable Foundation holds $1.4M in total assets with $13.9M in annual revenue. It awarded 11 grants totaling $10.3M in 2024.
Where does Ares Charitable Foundation operate?
Ares Charitable Foundation has awarded grants in California, Connecticut, District of Columbia, Georgia, Illinois, Massachusetts, New York, Texas, Virginia, Washington.
What size grants does Ares Charitable Foundation award?
In 2024, Ares Charitable Foundation awarded 11 grants totaling $10.3M — an average of about $939K per grant, based on its IRS Form 990 filings.
What is Ares Charitable Foundation's EIN?
Ares Charitable Foundation's EIN (Employer Identification Number) is 84-3666714. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Ares Charitable Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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