Overview

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Est.

2019

Fiscal Year Start

Jan 1

Organization Type

Grantmaker

AI Summary

The ARES Charitable Foundation is a 501(c)(3) organization that focuses on strategic grantmaking, having distributed a total of $10.3 million across 27 grantees in 2024. This foundation operates on a relationship-based model and does not accept unsolicited proposals, making grants solely by invitation. Nonprofits interested in connecting with ARES can explore warm-introduction pathways through Impala's Funder Prospecting.

Mission Statement

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.
Total Funding Given
$10.3M
2024
Grantees funded
27
Multi-year grantees
33%
Funding by Year
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Total No. of Grants
11
Median 1st year grant
$225K
Median 2nd year grant
$350K
Top 3 Grants
Matched grants only
Grantee
Grant Size
M
Michael Arougheti
Board Member
G
Gregory Margolies
Board Member
M
Michael D Weiner
Board Member

Frequently Asked Questions

Can I submit an unsolicited grant proposal to ARES CHARITABLE FOUNDATION?
No. ARES CHARITABLE FOUNDATION does not accept unsolicited proposals. Funding is by invitation only.
Where does ARES CHARITABLE FOUNDATION give?
ARES CHARITABLE FOUNDATION primarily gives to organizations located in California, Massachusetts, and District Of Columbia. These states represent the largest share of the foundation’s grantmaking by dollars awarded. Additional geographic details are available to registered users.
What size are ARES CHARITABLE FOUNDATION’s grants?
The largest share of grants from ARES CHARITABLE FOUNDATION fall in the $100 thousand to $250 thousand range. The median first-year grant is about $225 thousand. More detailed grant size data is available to registered users.
How many grants does ARES CHARITABLE FOUNDATION make each year?
In 2024, ARES CHARITABLE FOUNDATION awarded about 10 grants, totaling nearly $10.3 million. More detailed grant metrics are available to registered users.
Who did ARES CHARITABLE FOUNDATION fund recently?
In 2024, ARES CHARITABLE FOUNDATION awarded grants to about 30 grantees. Recent grantees include ALT FINANCE CORPORATION, Jobs for the Future Inc, and WORLD RESOURCES INSTITUTE. More detailed information on all recent recipients is available to registered users.
How do we apply to ARES CHARITABLE FOUNDATION?
ARES CHARITABLE FOUNDATION does not accept unsolicited proposals. Funding is by invitation only.