Grantmaking public charity · EIN 84-3666714
Ares Charitable Foundation
Los Angeles, CA
Ares Charitable Foundation is a public charity that makes grants based in Los Angeles, CA. On its Form 990 (Schedule I) for tax year 2024, it reported $10.3M in grants paid across 11 grants, with $1.42M in total assets. Its largest grants went to Jobs for the Future, Alt Finance Corporation and World Resources Institute.
How to request funding
Its Form 990 lists the grants it made but not how it chooses recipients. Check Ares Charitable Foundation's website or contact it to ask whether it considers requests.
How it makes and monitors grants (Schedule I, Part IV)
Procedures include collection and review of interim and final progress reports on funded activities and financial expenditures (on which funding disbursements are contingent); regular meetings with grantees to discuss challenges, risk mitigation strategies and areas for ongoing support; and site visits to track funded activities in action.
Grants as reported on its Form 990 for tax year 2024; the application guidance above is general for this type of funder. Requirements change; confirm with the organization before applying.
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.
As stated on its Form 990.
Largest grants, tax year 2024
Historical data · not a prediction| Recipient | Location | Purpose | Amount |
|---|---|---|---|
| Jobs for the Future | Boston, MA | Help Individuals Prepare for Climate-Resilient Jobs in the U.s. As Well As Identify Leading Training Providers, Organizations and Best Practices to Design Pathw | $4,381,217 |
| Alt Finance Corporation | Culver City, CA | Support Programs for Students and Graduates of Historically Black Colleges and Universities. | $3,000,000 |
| World Resources Institute | Washington, DC | 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 |
| Charles Edward Foundation DBA Workingnation | Beverly Hills, CA | 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 Workfo | $500,000 |
| Urban Institute | Washington, DC | 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 | $249,985 |
| Council for Economic Education | New York, NY | The Grantee Will Undertake a Pilot Project in Select States in the Northeastern U.s. to Better Ensure Its Provision of Robust Personal Finance and Economic Educ | $248,782 |
| Adara Development (usa) | Edmonds, WA | The Grantee Will Expand Access to Quality Education for Less Advantaged Nepalese Youth in Remote Communities to Prepare Them for Post-Secondary Careers As Well | $225,000 |
| Ownership Works | New York, NY | Educate Individuals, Employees and Companies About the Economic and Other Benefits of Road-Based Employee Ownership of Businesses and Methods of Adopting Employ | $200,000 |
| The Brookings Institution | Washington, DC | The Grantee Will Undertake Research and Develop a Series of Publications and Data Products on Latino-Owned Businesses and Entrepreneurship. the Initiative Will | $133,333 |
| Grove Collective Foundation | Washington, DC | The Grantee Will Undertake Research on the Success Drivers of Top Revenue-Generating Black- and Hispanic-Owned Real Estate Development Firms in the U.s. As Well | $102,800 |
| Aurora Women and Girls Foundation Inc | West Hartford, CT | The Grantee Will Develop and Deliver a Financial Literacy Toolkit to Help Participants in the Initiative Develop, Strengthen and Apply Personal Finance Skills, | $93,200 |
Names and purposes as reported to the IRS.
Where its grants went
Quick answers
Does Ares Charitable Foundation accept grant applications?
Its Form 990 lists the grants it made but not how it chooses recipients. Check Ares Charitable Foundation's website or contact it to ask whether it considers requests. Form 990 does not report an application process, so confirm with the organization.
How much does Ares Charitable Foundation give each year?
For tax year 2024, it reported $10,334,408 in grants paid (11 grants). Giving can change from year to year.
What organizations has Ares Charitable Foundation funded?
Its largest grants in tax year 2024 went to Jobs for the Future (MA), $4.38M, Alt Finance Corporation (CA), $3M, World Resources Institute (DC), $1.2M, Charles Edward Foundation DBA Workingnation (CA), $500K and Urban Institute (DC), $250K.