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ARES CHARITABLE FOUNDATION

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Public nonprofit record

ARES CHARITABLE FOUNDATION

EIN 84-3666714 · Fund Raising & Fund Distribution - Philanthropy, Voluntarism, and Grantmaking (T12)

What they do

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.

Money

Financial picture

Tax year 2024
Revenue$13,896,261
Expenses$13,286,086
Assets$1,420,029
Income$14,022,085
Contributions$13,896,517
Grants given$37,934,410
Average grant$790,300
Management$900,035
Accounting fees$29,529

About this charity

Recognized since
January 2020
Location
1800 AVENUE OF THE STARS SUITE 140, LOS ANGELES, CA 90067
County
Los Angeles
In care of
MICHAEL WEINER
Primary officer
MICHAEL WEINER, SECRETARY

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
VASQUEZ COMPANY LLP
NTEE classification
Fund Raising & Fund Distribution - Philanthropy, Voluntarism, and Grantmaking (T12)
IRS tax category
Fund Raising & Fund Distribution
Grant-giving organization
Yes
More public IRS record details

These are classification codes from the organization’s public nonprofit record.

Subsection
03
Affiliation
3
Classification
1000
Deductibility
1
Foundation
15
Organization
1
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About this report: Information comes from public nonprofit records and may show the latest filing available.

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