Skip to content
Ares Charitable Foundation at a glanceAlso receives grants: funding profile →

· Public charity

Ares Charitable Foundation

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,…

$11M
Granted FY2024still arriving
11
Grants FY2024still arriving
6
States reached
$4.4M
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
01What it funds
01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2020 to 2024.

Employment$12MEducation$7.3MPublic Benefit$6.1MInternational$3.7MHealth$1.5MCommunity Improvement$753kCivil Rights$700kSocial Science$382kOther$0
02FY2024 · 11 grants

Where the money goes

Grants by size, and the largest recipients.

How this is measured
The 11 grants below total $10,334,408, the rows itemized in this filing. The $11,230,511 headline is the total grant expense on the return; the other $896,103 is giving the schedule does not break out (grants under the $5,000 itemization floor, grants to individuals, grants on other schedules). Every figure below describes the itemized rows only.

By grant size · FY2024

  • $50k–250k7 grants · $1.3M
  • $250k+4 grants · $9.1M
$248,782
Median grant
6
States reached
$1.4M
Total assets
Largest grants
RecipientAmount
JOBS FOR THE FUTURE$4,381,217
ALT FINANCE CORPORATION$3,000,000
WORLD RESOURCES INSTITUTE$1,200,091
CHARLES EDWARD FOUNDATION DBA WORKINGNATION$500,000
URBAN INSTITUTE$249,985
COUNCIL FOR ECONOMIC EDUCATION$248,782
ADARA DEVELOPMENT (USA)$225,000
OWNERSHIP WORKS$200,000
THE BROOKINGS INSTITUTION$133,333
GROVE COLLECTIVE FOUNDATION$102,800
AURORA WOMEN AND GIRLS FOUNDATION INC$93,200
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY20–24, $825k) land where the poverty rate runs at 14%, against an area that typically sits at 10%. 100% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 10%PARTNERSHIP WITH NATIVE AMERICANS (PWNA): $25k → 14%BOWERY RESIDENTS COMMITTEE: $25k → 17%THE TOBERMAN NEIGHBORHOOD CENTER: $25k → 14%CHARLES EDWARD FOUNDATION DBA WORKINGNATION: $500k → 14%WORKING NATION: $250k → 14%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.

Which US states its grants reach

WA
IL
NY
MA
CT
CA
VA
DC
GA
TX
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
04

Where the work is directed

The same grants placed two ways: where each recipient sits, and where its stated purpose sends the money.

About 8% of Ares Charitable Foundation’s grant dollars are earmarked for a different county than the recipient’s own address. By recipient address, 45% of the giving stays in CA; by stated purpose, 41%.

Ares Charitable Foundationlessmore of its giving
Placed by recipient address · 8.6% directed abroad (not shown)
How this is measured
Recipient view: each grant at its grantee’s ZIP, mapped to a county. Directed view: each grant at the county its stated purpose names, falling back to the recipient’s county when the purpose names no place; US grants only. A county shows only if it carries the top 95% of that view’s dollars. Purposes are read from the funder’s own 990 grant descriptions.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

88%of every dollar goes to organizations it has funded before.
$28M · 9 repeat orgs$3.9M to everyone else

9 repeat relationships: 5 still active in FY2024, 4 since wound down; 6 grantees were first funded in FY2024 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

9
12

Total granted

$28M
$2.8M

Median revenue growth · since first grant

+5%
+39%

Still filing today

100%
83%

New vs renewed · share of each year

In FY2024, 90% of grant dollars renewed an existing relationship; $1.1M went to new ones.

50%100%’20’21’22’23’24
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’20’21’22’23’24
InternationalEducationHuman ServicesSocial SciencePublic BenefitEmploymentOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • AF
    ALT FINANCE CORPORATION
    4× · 2021–2024 · $12M · revenue +5% · 50% of their budget
  • JF
    JOBS FOR THE FUTURE INC
    3× · 2022–2024 · $10M · revenue +31%
  • WORLD RESOURCES INSTITUTE
    3× · 2022–2024 · $2.7M · revenue +10%

Funded once

  • P
    PATH
    one grant, 2020 · $500k · revenue +18%
  • CEDARS-SINAI MEDICAL CENTERgraduated
    one grant, 2020 · $500k · revenue +55%
  • YEAR UP INC
    one grant, 2023 · $465k · revenue -27%
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
Central Indiana Corporate Partnership Inc

Central indiana corporate partnership (cicp) is an alliance of indiana's business and research university leaders coming together to foster long-term prosperity for the region. cicp's mission is to transform the economy of indiana in order…

Community Improvement
2
International Center for Research On Women

The international center for research for women (icrw) is a global research institute, with a mission to advance rights and opportunities for women, girls, and structurally excluded populations with actionable evidence and solutions.

International
3
Chief Executives for Corporate Purpose Inc

Chief executives for corporate purpose (cecp) is the only business counsel and network dedicated to driving measurable returns on purpose. we promote responsible purpose-driven business as it increases customer loyalty, builds employee…

Philanthropy
4
Activate Global Inc

Activate empowers scientists to reinvent the world by bringing their research to market. activate partners with u.s. based funders, research institutions, and other pillars of the hard technology community to help entrepreneurial…

Environment
5
United Way of Greater Philadelphia and Southern New Jersey

United way's mission is to end intergenerational poverty in our region by harnessing, leveraging and strategically investing the collective power of donors, advocates and volunteers, to help individuals and families break the cycle of…

Philanthropy
6
The George Washington University

The mission of the george washington university (gw) is to educate individuals in liberal arts, languages, sciences, learned professions, and other courses and subjects of study, and to conduct scholarly research and publish the findings…

Education
7
Center for Strategic and International Studies

The center for strategic and international studies (csis) is a bipartisan, nonprofit policy research organization dedicated to advancing practical ideas to address the world's greatest challenges.

International
8
Upwardly Global

Upwardly global removes employment barriers for immigrant, refugee, and asylee professionals while advancing the inclusion of their skills into the u.s. economy.

Employment
9
Massachusetts Institute of Technology

The mission of mit is to advance knowledge and educate students in science, technology, and other areas of scholarship that will best serve the nation and the world in the 21st century.

Education
10
National Opinion Research Center

See schedule onorc at the university of chicago conducts research and data science on critical societal issues to guide decision-making and the development of programs and public policy. our experts identify relationships and trends, and…

Social Science
11
University of New Haven

The University of New Haven is a student-centered comprehensive university with an emphasis on excellence in liberal arts and professional education. Our mission is to prepare our students to lead purposeful and fulfilling lives in a…

Education
12
United States Naval Institute

Provide an independent forum for those who dare to read, think, speak, and write to advance the professional, literary, and scientific understanding of sea power and other issues critical to global security.

—
How this is measured
The grantee most central to the portfolio’s shape is Grove Collective Foundation; the most unlike its peers is Cedars-Sinai Medical Center. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
05the grantee network

27 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 27 of the 29 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

1
Load-bearing (≥25% of a budget)
1
Early backer (in before they grew)
27/27
Grantees still filing
15/27
Grew since first funded

Where the money sits, by cause and then by grantee

ALT FINANCE CORPORATION: $12,000,000 · Public BenefitALT FINANCE CORPORATION+1 more: $93,200 · Public BenefitJOBS FOR THE FUTURE INC: $10,491,752 · EmploymentJOBS FOR THE FUTURE INC+1 more: $150,000 · EmploymentWORLD RESOURCES INSTITUTE: $2,690,196 · InternationalWORLD RESOUR…PATH: $500,000 · InternationalPATHCOOPERATIVE FOR ASSISTANCE AND RELIEF EVERYWHERE INC: $235,843 · InternationalCOOPERATIVE …ADARA DEVELOPMENT (USA): $225,000 · InternationalADARA DEVELO…UCLA FOUNDATION: $500,000 · EducationYEAR UP INC: $464,754 · EducationTOP HONORS INCORPORATED: $350,000 · EducationICAHN SCHOOL OF MEDICINE AT MOUNT SINAI: $335,000 · EducationGROVE COLLECTIVE FOUNDATION: $102,800 · EducationCEDARS-SINAI MEDICAL CENTER: $500,000 · HealthNORTHWELL HEALTH FOUNDATION: $335,000 · HealthEDWARD CHARLES FOUNDATION: $750,000 · Human Services+3 more: $75,000 · Human ServicesCIVIC VENTURES DBA COGENERATE: $700,000 · Civil RightsOWNERSHIP WORKS INC: $600,000 · OtherTHE URBAN INSTITUTE: $249,985 · OtherCOUNCIL FOR ECONOMIC EDUCATION: $248,782 · OtherTHE BROOKINGS INSTITUTION: $133,333 · OtherWeill Medical College of Cornell Univers: $335,000 · OtherDOTORG: $212,563 · Other+3 more: $100,000 · Other
Public Benefit$12,093,200Employment$10,641,752International$3,651,039Education$1,752,554Health$835,000Human Services$825,000Civil Rights$700,000Other$1,879,663

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetALT FINANCE CORPORATION: $12,000,000 over 4y, 50% of budgetJOBS FOR THE FUTURE INC: $10,491,752 over 3y, 4.7% of budgetWORLD RESOURCES INSTITUTE: $2,690,196 over 3y, 0.4% of budgetEDWARD CHARLES FOUNDATION: $750,000 over 2y, 0.8% of budgetCIVIC VENTURES DBA COGENERATE: $700,000 over 2y, 6.6% of budgetOWNERSHIP WORKS INC: $600,000 over 3y, 2.8% of budgetUCLA FOUNDATION: $500,000 over 1y, 0.1% of budgetPATH: $500,000 over 1y, 0.2% of budgetCEDARS-SINAI MEDICAL CENTER: $500,000 over 1y, 0.0% of budgetYEAR UP INC: $464,754 over 1y, 0.3% of budgetTOP HONORS INCORPORATED: $350,000 over 2y, 24% of budgetNORTHWELL HEALTH FOUNDATION: $335,000 over 1y, 0.3% of budgetICAHN SCHOOL OF MEDICINE AT MOUNT SINAI: $335,000 over 1y, 0.0% of budgetTHE URBAN INSTITUTE: $249,985 over 1y, 0.2% of budgetCOUNCIL FOR ECONOMIC EDUCATION: $248,782 over 1y, 3.6% of budgetCOOPERATIVE FOR ASSISTANCE AND RELIEF EVERYWHERE INC: $235,843 over 2y, 0.0% of budgetADARA DEVELOPMENT (USA): $225,000 over 1y, 11% of budgetSTRIVE INTERNATIONAL INC: $150,000 over 2y, 0.6% of budgetTHE BROOKINGS INSTITUTION: $133,333 over 1y, 0.1% of budgetGROVE COLLECTIVE FOUNDATION: $102,800 over 1y, 11% of budgetAURORA WOMEN AND GIRLS FOUNDATION INC: $93,200 over 1y, 9.8% of budgetPACIFIC COMMUNITY VENTURES INC: $50,000 over 1y, 0.7% of budgetTOBERMAN NEIGHBORHOOD CENTER INC: $25,000 over 1y, 1.1% of budgetPartnership With Native Americans: $25,000 over 1y, 0.1% of budgetUNITED WAY OF METROPOLITAN CHICAGO INC: $25,000 over 1y, 0.0% of budgetBOWERY RESIDENTS COMMITTEE INC: $25,000 over 1y, 0.0% of budgetUNITED WAY WORLDWIDE: $25,000 over 1y, 0.0% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Silicon Valley Commun…Morgan Stanley Global…Jpmorgan Chase Founda…National Philanthropi…American Online Givin…The Bank of America C…Fidelity Investments …Donor Advised Charita…Amazonsmile Foundation
Silicon Valley Community FoundationCA11.6× affinity4 shared granteesties to 8 of 8Hover any node to trace its alignments.Compare side by side →

Open a dossier: Silicon Valley Community Foundation · Morgan Stanley Global Impact Funding Trust Inc · Jpmorgan Chase Foundation · National Philanthropic Trust · American Online Giving Foundation Inc · The Bank of America Charitable Foundation Inc · Fidelity Investments Charitable Gift Fund · Donor Advised Charitable Giving Inc · Amazonsmile Foundation

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization Ares Charitable Foundation funds: left to right is the share of its income from government, bottom to top the share from Ares Charitable Foundation. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 00%3%13%28%50%funder's share of their income ↑0%19%38%56%75%share of the org’s income from government →median 0%
  • Jobs for the Future Inc: 11% of income from government
  • Year Up Inc: 0% of income from government
  • Aurora Women and Girls Foundation Inc: 0% of income from government
no gov moneyreceives it· size = income
0get no government money at all
4report government grants on their 990 we could not trace to a source (not plotted)
0rely on government for over half their income
⤢ axis zoomed · 0–75%
typical government reliance, FY20–25
How this is measured
Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 29 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990 e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

Play a game based on Ares’ filings →

More from the funding graph

The unnamed billions
grants reported with no recipient in the public record
The regranting layer
51% of grant dollars land in the regranting layer
The DAF merry-go-round
$9.7B circulates between donor-advised funds
The endowment market
who holds foundation money, and what just moved
The camps
funders cluster by geography, not ideology
By state
where grant money is based, and what stays home