Public Charity

ARES CHARITABLE FOUNDATION

ARES CHARITABLE FOUNDATION, of LOS ANGELES, CA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $13.9M in revenue, $13.3M in expenses, $1.4M in total assets. IRS filings disclose 43 grants awarded by this foundation, totaling roughly $32.4M.

EIN: 843666714 LOS ANGELES, CA Fund Raising & Fund Distribution NTEE: T12 Latest filing: 2024
Total Revenue$13.9M
Total Expenses$13.3M
Total Assets$1.4M
Grants Given43
Grant Total$32.4M
Filing Years2020–2024

Mission

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.

Sample Grants Given

BOSTON, MA · 2024
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
CULVER CITY, CA · 2024
SUPPORT PROGRAMS FOR STUDENTS AND GRADUATES OF HISTORICALLY BLACK COLLEGES AND UNIVERSITIES.
$3,000,000
WASHINGTON, DC · 2024
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
BEVERLY HILLS, CA · 2024
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
WASHINGTON, DC · 2024
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

Showing up to 5 of 43 total records — full history available with membership.

Officers & Directors

DIRECTOR Caroline Blakely
TREASURER Gregory Margolies
PRESIDENT Michael Arougheti
SECRETARY Michael D Weiner
PRESIDENT Michelle Armstrong

Officer compensation and complete director data available with membership.

Top Grant Purposes

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.
$10,491,752 3 grants
SUPPORT PROGRAMS FOR STUDENTS AND GRADUATES OF HISTORICALLY BLACK COLLEGES AND UNIVERSITIES
$6,000,000 2 grants
SUPPORT PROGRAMS FOR STUDENTS AND GRADUATES OF HISTORICALLY BLACK COLLEGES AND UNIVERSITIES.
$3,000,000 1 grant
SUPPORT PROGRAMS FOR STUDENTS AND GRADUATES OF HISTORICALLY BLACK COLLEGES AND UNIVERSITIES TO LEARN SKILLS NECESSARY TO ENTER INTO AND SUCCEED IN THE ALTERNATIVE ASSET MANAGEMENT INDUSTRY, AND SUPPORT GENERAL OPERATIONS OF THE ALT FINANCE FOUNDATION.
$3,000,000 1 grant
COVID 19 SUPPORT AND RELIEF
$2,630,000 11 grants

Financial Trends

Year Revenue Expenses Assets
2024 $13.9M $13.3M $1.4M
2023 $10.7M $13.6M $3.3M
2022 $4.9M $6.0M $1.7M
2021 $4.9M $3.1M $1.9M
2020 $3.4M $3.4M

Between 2020 and 2024, reported annual revenue grew from $3.4M to $13.9M (+305%), with total assets most recently reported at $1.4M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in CA, CT, DC, GA, IL, MA, and 4 other states.

CACTDCGAILMANYTXVAWA

Full geographic grant map with state-by-state breakdown available with membership.

See the full picture for ARES CHARITABLE FOUNDATION

Complete financials, all 43 grant records, officer compensation, year-over-year trend charts, a geographic grant map, and data exports — across 498,000+ organizations.

Full Financial History Complete Grant Activity Officer Compensation Year-over-Year Charts Geographic Grant Map Data Exports
7-day free trial Cancel any time