Program areas at Ares Charitable Foundation
Jobs for the future: the initiative is designed to 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.
Wri: the initiative is designed to 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.
Altfinance: investing in black futures". The initiative is designed to diversify the alternative investment industry by attracting, training and providing career opportunities for college students attending historically black colleges and universities. The initiative has three primary components: a mentored fellowship program, a tailored virtual institute and a scholarship program.
For all other programs, Ares Charitable Foundation contributed $1.2m for the 2022 fiscal year.
Grants made by Ares Charitable Foundation
| Grantee | Grant description | Grant year | Amount |
|---|
| Jobs for the Future (JFF) | 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. | 2022-12 | $1,813,950 |
| Alt Finance Corporation | Support Programs for Students and Graduates of Historically Black Colleges and Universities | 2022-12 | $1,500,000 |
| World Resources Institute (WRI) | Help Build the Resilience of Indias Micro, Small and Medium Enterprises (Msmes) in Two States To Future-Proof Their Business Models Within A Changing Climate. | 2022-12 | $456,322 |
| ...and 6 more grants made |
Who funds Ares Charitable Foundation
Grants from foundations and other nonprofits
Personnel at Ares Charitable Foundation
| Name | Title | Compensation | Date of data |
|---|
| Michael Weiner | Secretary | $0 | 2023-11-15 |
| Michael Arougheti | President and Director | $0 | 2022-12-31 |
| Gregory Margolies | Treasurer and Director / Vice President | $0 | 2022-12-31 |
Financials for Ares Charitable Foundation
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $4,896,009 | $4,940,952 | -0.9% |
| Program services | $0 | $0 | - |
| Investment income and dividends | $221 | $189 | 16.9% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $-574 | $259 | -321.6% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $4,895,656 | $4,941,400 | -0.9% |
Organizations like Ares Charitable Foundation
| Organization | Type | Location | Revenue |
|---|
| Meg and Bennett Goodman Family Foundation | 501(c)(3) | Jenkintown, PA | $1,992,775 |
| Speedway Children's Charities | 501(c)(3) | Concord, NC | $4,860,135 |
| MBA Opens Doors Foundation | 501(c)(3) | Washington, DC | $4,026,920 |
| All In Challenge Foundation | 501(c)(3) | Jacksonville, FL | $1,392,858 |
| Brookwood Endowment | 501(c)(3) | Thomasville, GA | $2,156,766 |
| DevTo Support Foundation | 501(c)(3) | Newport Beach, CA | $4,448,448 |
| Columbus Blue Jackets Foundation | 501(c)(3) | Columbus, OH | $1,663,999 |
| YouGiveGoods Foundation | 501(c)(3) | Mendham, NJ | $3,395,807 |
| Milwaukee Center for Independence Foundation | 501(c)(3) | Milwaukee, WI | $14,973,567 |
| Broadrick Family Foundation of Florida | 501(c)(3) | Lutz, FL | $2,334,955 |
Data update history
January 9, 2024
Posted financials
Added Form 990 for fiscal year 2022
June 10, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Grantmaking organizationsCharities
Issues
No issues found
Characteristics
Provides grantsNational levelTax deductible donationsNo full-time employees
General information
- Address
- 2000 Ave of the Stars 12th FL
- Los Angeles, CA 90067
- Metro area
- Los Angeles-Long Beach-Anaheim, CA
- County
- Los Angeles County, CA
- Phone
- (424) 285-2736
IRS details
- EIN
- 84-3666714
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2019
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- T12: Philanthropy, Voluntarism and Grantmaking Foundations Fund Raising and Fund Distribution
- NAICS code, primary
- 813211: Grantmaking Foundations
- Parent/child status
- Independent
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