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. 14 publicly reported grants to this organization, totaling roughly $4.5M, appear in IRS filings.

EIN: 843666714 LOS ANGELES, CA Latest filing: 2024
Total Revenue$13.9M
Total Expenses$13.3M
Total Assets$1.4M
Grant Records14
Funding Total$4.5M
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 Received

$84,455
2024
For grant recipient's exempt purposes
$67,000
$25,000
2023
UNRESTRICTED GENERAL SUPPORT
$1,000,000
2023
For grant recipient's exempt purposes
$132,000

Showing up to 5 of 14 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

UNRESTRICTED GENERAL SUPPORT
$3,550,000 2 grants
For grant recipient's exempt purposes
$476,500 5 grants
GENERAL SUPPORT
$395,401 5 grants
EDUCATION
$35,000 2 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.

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