Ares Charitable Foundation
Ares Charitable Foundation is a Los Angeles, California-based public charity formed in 2019. It supports charitable activities focused on education, health care, environmental and social concerns, and describes its grantmaking as aimed at expanding economic opportunity through career preparation and reskilling, entrepreneurship, and climate-resilient jobs.
Ares Charitable Foundation at a glance
In short: Ares Charitable Foundation gave $10.3M across 11 grants in 2024 (avg $939K), top state Massachusetts. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $10,334,408
- -10.0% vs 2023
- Grants made (2024)
- 11
- +10.0% vs 2023
- Average grant
- $939,492
- -18.2% vs 2023
- Median grant
- $248,782
- Total assets
- $1,420,029
- -57.2% vs 2023
- Primary geography
- Massachusetts (42% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
How to apply to Ares Charitable Foundation
- Contact
Mailing address: 1800 Avenue Of The Stars Suite 140, Los Angeles, CA 90067
Phone: (424) 285-2736
Website: https://aresfoundation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Ares Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Jobs for the Future ($4.4M). Together the top 10 received $10.2M.
Grant Size Distribution
43 grants across all recorded years
The most common grant size was in the $100–250K range: 14 grants of 43 (33%).
Geographic Focus
Where this funder awards grants
The 2024 grant dollars went to recipients in Massachusetts (42%), California (34%), Washington, D.C. (16%), New York (4%), and Washington state (2%). The grant purposes also describe work in India and Nepal, as well as U.S.-wide initiatives.
Grant Distribution by State
Share of 2024 grant dollars across all 11 itemized grants.
States
Cities
How Ares Charitable Foundation gives
Estimate from itemized grant lists in IRS Form 990 filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $2.6M (2020) to $11.5M (2023). In 2024 it made 11 grants totaling $10.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 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 |
| Alt Finance Corporation Culver City, CA | Support programs for students and graduates of historically black colleges and universities. | $3,000,000 |
| 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 |
| 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 |
| 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 |
| Adara Development (USA) Edmonds, WA | The grantee will expand access to quality education for less advantaged nepalese youth in remote communities to prepare them for post-secondary careers as well as to create knowledge products and resources that help scale programming to reach global audiences. | $225,000 |
| 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 |
| 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 |
| 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 |
Ready to take the next step with Ares Charitable Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $1,420,029 | $13,896,261 | $13,286,086 | $10,334,408 | 11 | $-256 |
| 2023 | $3,316,227 | $10,703,593 | $13,620,769 | $11,488,043 | 10 | $7,463 |
| 2022 | $1,689,267 | $4,895,656 | $5,992,890 | $4,925,757 | 10 | $-353 |
| 2021 | $1,939,560 | $4,941,400 | $3,097,621 | $3,000,000 | 1 | $448 |
| 2020 | — | $3,430,000 | $3,430,000 | $2,630,000 | 11 | — |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation states that it seeks to advance equitable access to knowledge, resources, and opportunities, and to accelerate equality of economic opportunity. Its stated areas include career preparation and reskilling, entrepreneurship, and climate-resilient jobs, within a broader charitable purpose that also names education, health care, environmental and social concerns.
Its 2024 grants include workforce and career initiatives, education and financial literacy, research on equitable wealth-building and entrepreneurship, and support for business resilience in a changing climate. Among the supported organizations, Jobs for the Future says it works to transform U.S. education and workforce systems to drive economic success. Alt Finance Corporation describes its work as creating pathways for students at historically Black colleges and universities into the alternative investment industry. World Resources Institute says it works to improve people’s lives while ensuring the natural world can thrive.
The foundation’s filing says its Jobs for the Future initiative is on track to facilitate education and training for 25,000 individuals. It describes the Alt Finance initiative as having a mentored fellowship, a virtual institute, and scholarships, with 133 students participating in 2024. Its World Resources Institute initiative is a five-year effort in two Indian states, on track to provide education and training to 1,000 individuals.
Grantmaking
In 2024, the foundation made 11 grants totaling $10,334,408. Grant amounts ranged from $93,200 to $4,381,217, with a median grant of $248,782.
Notable 2024 grants included $4,381,217 to Jobs for the Future for climate-resilient career pathways; $3,000,000 to Alt Finance Corporation to support programs for students and graduates of historically Black colleges and universities; and $1,200,091 to World Resources Institute to help build the resilience of micro, small and medium enterprises in India. Other grants included $500,000 to Charles Edward Foundation DBA WorkingNation for a town hall on equitable workforce opportunities for people with disabilities; $249,985 to Urban Institute for research informing an employer toolkit on equitable workplace wealth-building; and $248,782 to Council for Economic Education for a financial and economic education pilot in northeastern states.
The filing describes grant oversight procedures that include review of interim and final activity and financial reports, regular meetings with grantees, and site visits.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Michael Arougheti as president, Gregory Margolies as treasurer, Michael D Weiner as secretary, Caroline Blakely as director, and Michelle Armstrong as president.
Ares Charitable Foundation is led by Michael Arougheti, President since 2023 (on filings since 2020); none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michael Arougheti
President
President → President & Director, 2021
President & Director → President, 2023
On filings since 2020
1 hr/week
No compensation reported
Michelle Armstrong
President
On filings since 2023
1 hr/week
No compensation reported
Caroline Blakely
Director
Director → Independent Director, 2022
Independent Director → Director, 2023
On filings since 2020
1 hr/week
No compensation reported
Gregory Margolies
Treasurer
Vice President → Treasurer & Director, 2021
Treasurer & Director → Treasurer, 2023
On filings since 2020
1 hr/week
No compensation reported
Michael D. Weiner
Secretary
Secretary → Secretary & Director, 2021
Secretary & Director → Secretary, 2023
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Ares Charitable Foundation
How much does Ares Charitable Foundation give each year?
Ares Charitable Foundation gave $10.3M across 11 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $11.5M across 10 grants.
What is Ares Charitable Foundation's typical grant size?
Ares Charitable Foundation's median grant in 2024 was $248,782, and its average grant was $939,492, across 11 grants on its 2024 IRS Form 990.
Where does Ares Charitable Foundation give grants?
Ares Charitable Foundation's top state is Massachusetts, with 42% of the grant dollars itemized on its 2024 IRS Form 990. The next largest states were California (34%) and District of Columbia (16%). The most frequent recipient cities were Washington, DC (4 grants) and New York, NY (2 grants).
Does Ares Charitable Foundation give general operating support?
Not in 2024: none of the 11 grants with a stated purpose on Ares Charitable Foundation's 2024 IRS Form 990 were described as general or operating support.
Who are Ares Charitable Foundation's largest grantees?
Ares Charitable Foundation's largest 2024 grantees include Jobs for the Future ($4,381,217), Alt Finance Corporation ($3,000,000) and World Resources Institute ($1,200,091), according to its 2024 IRS Form 990. Together they received 83% of its itemized 2024 grant dollars.
How large is Ares Charitable Foundation?
Ares Charitable Foundation reported $1.4M in total assets on its 2024 IRS Form 990. Its revenue that year was $13.9M.
What does Ares Charitable Foundation fund?
The foundation states that it seeks to advance equitable access to knowledge, resources, and opportunities, and to accelerate equality of economic opportunity. See mission & focus areas ↑
How do I apply for a grant from Ares Charitable Foundation?
Ares Charitable Foundation has no public application process in the sources Grantable reviewed. Check aresfoundation.org for current guidelines, or contact the foundation directly before submitting a request.
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.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS August 8, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS September 7, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 6, 2025)
- IRS filings on file for fiscal years 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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Cite this profile
Grantable. (2026). Ares Charitable Foundation funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/ares-charitable-foundation-morg_7fba214755b54c5abf2a801ae597d973
BibTeX
@misc{grantable_843666714_2026,
author = {{Grantable}},
title = {{Ares Charitable Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/ares-charitable-foundation-morg_7fba214755b54c5abf2a801ae597d973},
note = {Accessed 2026-10-12. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Ares Charitable Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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