Ares Charitable Foundation
Donations deductibleRevenue
$13.9m
year to 31 December 2024
Expenses
$13.3m
year to 31 December 2024
Total assets
$1.4m
$3m liabilities
Net assets
Minus $1.6m
assets less liabilities
Directors and trustees
4
6.4 years on average
Staff
0
50 volunteers
Left since last filing
0
no seats appear to have opened
Officers and senior staff
1
named in Part VII
Ares Charitable Foundation's network
4 peoplei4 people on this map.The large node is the subject of this page. Solid lines are what the register itself records (4). Form 990 filings give names without a person identifier; SEC insider filings carry a CIK.The board
4 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 4 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Caroline Blakely | Director | 2020 | 6 yrs |
| Gregory Margolies | Treasurer | 2020 | 6 yrs |
| Michael Arougheti | President | 2020 | 6 yrs |
| Michael D Weiner | Company secretary | 2020 | 6 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
1 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Michelle Armstrong | President | since 2023 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Michael Arougheti | President | 1 | $0 | ||
| Gregory Margolies | Treasurer | 1 | $0 | ||
| Michael D Weiner | Secretary | 1 | $0 | ||
| Caroline Blakely | Director | 1 | $0 | ||
| Michelle Armstrong | President | 1 | $0 |
No pay was reported for anyone in Part VII on this return.
Colorado roster
5 listediOfficers, directors and trustees from the latest filing with the Colorado Secretary of State (document 20223028101). Titles are as filed; some entries are registered agents or custodians of records rather than board members. Source: data.colorado.gov, public domain.| Name | Title as filed |
|---|---|
| Michael Weiner | Secretary |
| Michael Arougheti | President |
| Caroline Blakely | Director |
| Jennifer Kawata | |
| Greg Margolies | Treasurer |
About
- Legal name
- Ares Charitable Foundation
- EIN
- 843666714
- Address
- 1800 Avenue of the Stars Suite 140, Los Angeles, CA, 90067-4201
- State
- California
- 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... (as filed on the Form 990)
- Activity (NTEE)
- T12 Philanthropy, voluntary services and grantmaking
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Philanthropy, Voluntarism & Grantmaking Foundations
- Size band
- 6 (IRS master file code)
- Formed
- 2019
- Principal officer
- Michael Weiner (as named on the Form 990)
- IRS ruling date
- 1 June 2020
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 5, latest 2024
- IRS Publication 78
- PC (contributions deductible)
Most connected
Longest observed on the filings
≥6years on the filingsCaroline Blakely
≥6years on the filingsGregory Margolies
≥6years on the filingsMichael Arougheti
≥6years on the filingsMichael D Weiner
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $1.4m
- Total liabilities
- $3m
- Net assets or fund balances
- Minus $1.6m
- Contributions and grants received
- $13.9m
- Program service revenue
- $0
- Grants and similar paid out
- $11.2m
- Employees
- 0
- Volunteers
- 50
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $13.9m | $13.3m | $610k |
As filed on the IRS Form 990. US dollars.
Grants paid
11 listediFrom Schedule I of the Form 990: grants and assistance to organisations in the United States, largest first (up to 25). Schedule I is filed only by organisations that gave more than $5,000 to any one recipient.| Recipient | Purpose | Amount |
|---|---|---|
| Jobs for the Future | Help individuals prepare for climate-resilient jobs in the US. As well as identify leading training providers, organizations and best pract | $4.4m |
| Alt Finance Corporation | Support programs for students and graduates of historically black colleges and universities. | $3m |
| World Resources Institute | Help build the resilience of india's micro, small and medium enterprises ("msmes") in two states to future-proof their business models withi | $1.2m |
| Charles Edward Foundation Dba Workingnation | Help design and facilitate a town hall in atlanta, georgia, with thought leaders, experts and opinion makers to discuss how best to ensure m | $500k |
| Urban Institute | The grantee will undertake research that informs the creation of a dynamic, no-cost toolkit for US. Employers that includes options, pathwa | $250k |
| Council for Economic Education | The grantee will undertake a pilot project in select states in the northeastern US. To better ensure its provision of robust personal finan | $249k |
| Adara Development (USA) | The grantee will expand access to quality education for less advantaged nepalese youth in remote communities to prepare them for post-second | $225k |
| Ownership Works | Educate individuals, employees and companies about the economic and other benefits of road-based employee ownership of businesses and method | $200k |
| The Brookings Institution | The grantee will undertake research and develop a series of publications and data products on latino-owned businesses and entrepreneurship. | $133k |
| Grove Collective Foundation | The grantee will undertake research on the success drivers of top revenue-generating black- and hispanic-owned real estate development firms | $103k |
| Aurora Women and Girls Foundation Inc | The grantee will develop and deliver a financial literacy toolkit to help participants in the initiative develop, strengthen and apply perso | $93k |