NonprofitsAres Charitable Foundation

Philanthropy, Voluntarism & Grantmaking Foundations

Ares Charitable Foundation

LOS ANGELES, CA

Total revenue

$13.9M

Total expenses

$13.3M

Net assets

Grants received

$9.1M

20 grants

EIN

843666714

Tax year

2024

Mission

Ares foundation's mission is to help accelerate economic equity and equality by supporting nonprofits and initiatives that provide career preparation and reskilling, encourage entrepreneurship and deepen individuals' understanding of personal finance.

Programs

3 programs

.jobs for the future (jff). This initiative is designed to help individuals prepare for climate-resilient jobs in the united states as well as identify leading training providers, organizations, and best practices to design pathways to those career opportunities. This initiative is on track to facilitate education and training for 25,000 individuals.

Expenses: $4.8MGrants: $4.4M

World resources institute (wri): this initiative is designed to help build the resilience of india's micro, small, and medium enterprises in two states to future-proof their business models within a changing climate. This is a five-year initiative on track to provide education and training to 1,000 individuals in india.

Expenses: $1.3MGrants: $1.2M

Other grants

Expenses: $2.9MGrants: $2.6M

Financials

FY 2024

Revenue

Contributions & grants$13.9M
Program service revenue
Investment income
Other revenue
Total revenue$13.9M

Expenses

Grants paid$11.2M
Salaries & benefits
Fundraising
Other expenses$2.1M
Total expenses$13.3M
Total assets$1.4M
Net assets

People

5 listed

NameRoleCompensation

MICHAEL AROUGHETI

PRESIDENT

Board

1 hrs/wk

GREGORY MARGOLIES

TREASURER

Board

1 hrs/wk

MICHAEL D WEINER

SECRETARY

Board

1 hrs/wk

CAROLINE BLAKELY

DIRECTOR

Board

1 hrs/wk

MICHELLE ARMSTRONG

PRESIDENT

Board

1 hrs/wk

Grants received

Showing 20 of 20

FromAmountPurposeYear
$1M
CONTRIBUTION
2023
$1M
UNRESTRICTED GENERAL SUPPORT
2023
$250K
GENERAL SUPPORT
2023
$132K
For grant recipient's exempt purposes
2023
$2.5M
UNRESTRICTED GENERAL SUPPORT
2022
$1M
CONTRIBUTION
2022
$500K
GENERAL SUPPORT
2022
$128K
For grant recipient's exempt purposes
2022
$15K
GENERAL SUPPORT
2022
$75K
For grant recipient's exempt purposes
2021
$75K
For grant recipient's exempt purposes
2021
$1M
CONTRIBUTION
2020
$500K
General Unrestriced
2020
$500K
General Unrestricted
2020

Funded by

$9.1M from 9 funders · 20 grants · 2020–2024

Morgan Stanley Global Impact Funding Trust Inc

$3.5M · 2 grants · 2022–2023

The Resslergertz Foundation

$3M · 3 grants · 2020–2023

The Allison And Bennett Rosenthal

$1.3M · 3 grants · 2020–2023

Fidelity Investments Charitable Gift Fund

$410K · 4 grants · 2021–2023

American Online Giving Foundation Inc

$380K · 4 grants · 2021–2024

The Blackbaud Giving Fund

$15K · 1 grant · 2022

National Philanthropic Trust

$10K · 1 grant · 2021

Details

EIN843666714
NTEE codeT12
Subsection03
Ruling date2020-06
Formed2019
Employees0
Volunteers50
ARES CHARITABLE FOUNDATION — Mission, Financials & Grants Received | Grantivo