2025-11-06T13:59:00-06:00 2024-12-31 330700332 VASQUEZ COMPANY LLP 655 N CENTRAL AVE STE 1550 GLENDALE CA 91203 990 2024-01-01 843666714 ARES CHARITABLE FOUNDATION ARES 4242852736 1800 AVENUE OF THE STARS SUITE 140 LOS ANGELES CA 90067 MICHAEL WEINER SECRETARY 4242852736 2025-11-05 1 1 REGINA PRINCE CPA P00576936 2138731700 2024 2025-03-06 01:10:19Z MICHAEL WEINER 1800 AVENUE OF THE STARS SUITE 1400 LOS ANGELES CA 90067 14022085 0 X WWW.ARESFOUNDATION.ORG X 2019 DE 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. 4 4 0 50 0 0 10696130 13896517 0 0 7463 -256 0 0 10703593 13896261 12092316 11230511 0 0 0 0 0 0 0 1528453 2055575 13620769 13286086 -2917176 610175 3316227 1420029 5486858 2980485 -2170631 -1560456 X 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. 0 0 3308679 3000000 WE ENVISION A WORLD IN WHICH EQUITABLE ACCESS TO KNOWLEDGE, RESOURCES, AND OPPORTUNITIES ENABLES PEOPLE TO ACHIEVE THEIR FULL POTENTIAL. THE ARES CHARITABLE FOUNDATION STRIVES TO ACCELERATE EQUALITY OF ECONOMIC OPPORTUNITY THROUGH GRANTS THAT PROVIDE CAREER PREPARATION AND RESKILLING, ENCOURAGE ENTREPRENEURSHIP, AND SUPPORT CLIMATE-RESILIENT JOBS. OUR STRATEGIC GRANTMAKING HELPS ADDRESS CRITICAL SOCIETAL ISSUES TO MAKE A MEASURABLE, MEANINGFUL, AND SUSTAINED DIFFERENCE. OUR PARTNERSHIPS WITH SOME OF THE WORLD'S LEADING NONPROFITS STRIVE TO HELP CLOSE THE WIDENING WEALTH GAP A DISPARITY THAT OFTEN THREATENS BASIC HUMAN DIGNITY AND SURVIVAL. OUR 2024 GRANT-MAKING PROGRAMS INCLUDED THE FOLLOWING GRANTS AND INITIATIVES: ALT FINANCE CORPORATION. INVESTING IN BLACK FUTURES. THIS INITIATIVE IS DESIGNED TO DIVERSIFY THE ALTERNATIVE INVESTMENT INDUSTRY BY ATTRACTING, TRAINING, AND PROVIDING CAREER OPPORTUNITIES FOR COLLEGE STUDENTS ATTENDING HISTORICALLY BLACK COLLEGES AND UNIVERSITIES. THE INITIATIVE HAS THREE PRIMARY COMPONENTS: (1) A MENTORED FOLLOWSHIP PROGRAM; (2) A TAILORED VIRTUAL INSTITUTE, AND (3) A SCHOLARSHIP PROGRAM. DURING 2024, A TOTAL OF 133 COLLEGE STUDENTS PARTICIPATED IN THIS U.S. BASED PROGRAM 4832014 4381218 .JOBS FOR THE FUTURE (JFF). THIS INITIATIVE IS DESIGNED TO HELP INDIVIDUALS PREPARE FOR CLIMATE-RESILIENT JOBS IN THE UNITED STATES AS WELL AS IDENTIFY LEADING TRAINING PROVIDERS, ORGANIZATIONS, AND BEST PRACTICES TO DESIGN PATHWAYS TO THOSE CAREER OPPORTUNITIES. THIS INITIATIVE IS ON TRACK TO FACILITATE EDUCATION AND TRAINING FOR 25,000 INDIVIDUALS. 1323573 1200092 WORLD RESOURCES INSTITUTE (WRI): THIS INITIATIVE IS DESIGNED TO HELP BUILD THE RESILIENCE OF INDIA'S MICRO, SMALL, AND MEDIUM ENTERPRISES IN TWO STATES TO FUTURE-PROOF THEIR BUSINESS MODELS WITHIN A CHANGING CLIMATE. THIS IS A FIVE-YEAR INITIATIVE ON TRACK TO PROVIDE EDUCATION AND TRAINING TO 1,000 INDIVIDUALS IN INDIA. 2921785 2649202 OTHER GRANTS 2921785 2649202 12386051 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 0 0 0 0 CA NY GA CT CO MD VA NJ IL MA X SCOTT WILLIAMS 4242788682 1800 AVENUE OF THE STARS SUITE 1400 LOS ANGELES CA 90067 X MICHAEL AROUGHETI PRESIDENT 1.00 X X 0 0 0 GREGORY MARGOLIES TREASURER 1.00 X X 0 0 0 MICHAEL D WEINER SECRETARY 1.00 X X 0 0 0 CAROLINE BLAKELY DIRECTOR 1.00 X 0 0 0 MICHELLE ARMSTRONG PRESIDENT 1.00 X 0 0 0 0 0 0 0 0 0 0 0 13896517 125787 13896517 130 130 125438 125787 37 -349 -37 -386 -386 13896261 0 0 -256 X 10334408 10334408 896103 896103 2531 2531 29529 29529 1155540 1155540 409470 409470 25 25 28845 28845 291645 291645 57590 57590 INST. MEMBERSHIPS 80000 80000 LICENSES & REGISTRATION 400 400 13286086 12386051 900035 0 3209746 1294839 38000 77500 51814 39725 7965 16667 3316227 1420029 1242132 330623 4069941 2649862 174785 0 5486858 2980485 X -2170631 -1560456 -2170631 -1560456 3316227 1420029 610175 0 X 0 1 X 1 0 X 3430000 4940952 4896009 10696130 13896517 37859608 3430000 4940952 4896009 10696130 13896517 37859608 30868160 6991448 189 584 130 903 37860511 0.18470 X SECTION C, LINE 17A - 10% FACTS-AND-CIRCUMSTANCES TEST 2024 ARES CHARITABLE FOUNDATION RESPECTFULLY SUBMITS THE FOLLOWING NARRATIVE TO DEMONSTRATE ITS QUALIFICATION AS A PUBLIC CHARITY UNDER THE 10% FACTS-AND-CIRCUMSTANCES TEST, PURSUANT TO TREASURY REGULATION 1.170A-9(F)(3). THRESHOLD REQUIREMENTS PUBLIC SUPPORT PERCENTAGE: FOR THE CURRENT FIVE-YEAR PERIOD, ARES CHARITABLE FOUNDATION HAS RECEIVED 18.47% OF ITS TOTAL SUPPORT FROM PUBLIC SOURCES, INCLUDING INDIVIDUAL DONORS, FOUNDATIONS, AND PUBLIC CHARITIES. THIS SIGNIFICANTLY EXCEEDS THE MINIMUM 10% THRESHOLD REQUIRED UNDER THE TEST. CONTINUOUS AND BONA FIDE FUNDRAISING PROGRAM: THE ORGANIZATION MAINTAINS AN ACTIVE AND ONGOING FUNDRAISING PROGRAM. THIS INCLUDES: A) ANNUAL GIVING CAMPAIGNS TARGETING INDIVIDUAL DONORS, INCLUDING ENCOURAGING DONORS AND POTENTIAL DONORS TO PLEDGE MULTI-YEAR SUPPORT. B) THE FOUNDATION MAINTAINS AN ELECTRONIC PLEDGE PORTAL TO ENCOURAGE DONOR COMMITMENTS IN A MANNER THAT FACILITATES A DONOR'S ABILITY TO TRACE ANTICIPATED AND ACTUAL GIVING TOTALS. C) QUARTERLY NEWSLETTERS WITH DONATION APPEALS THAT PROVIDE UPDATES ON ACTIVITIES, AND STRATEGIC STORYTELLING CAMPAIGNS TO SHOWCASE THE REACH AND THE IMPACT OF THE FOUNDATION'S CHARITABLE INITIATIVES. D) PARTICIPATION IN COMMUNITY FUNDRAISING EVENTS. E) ONGOING AND DEDICATED FUNDRAISING ACTIVITIES TO RETAIN EXISTING DONORS AND SOLICIT NEW CONTRIBUTORS. THESE INCLUDE QUARTERLY NEWSLETTERS, TARGETED ANNOUNCEMENTS, SPECIAL EVENTS, AND PERSONALIZED ONE-ON-ONE COMMUNICATIONS. THESES EFFORTS ARE COMMENSURATE WITH THE SCALE OF OUR OPERATIONS AND REFLECT A GENUINE COMMITMENT TO PUBLIC SUPPORT. F) THIRD PARTIES ARE PROJECTED TO CONTRIBUTE APPROXIMATELY $30 MILLION OVER THE NEXT FIVE YEARS, REPRESENTING A PORTION OF PERFORMANCE FEES FROM INVESTMENT FUNDS THAT THEY ARE ENTITLED TO AND THAT ARE EXPECTED TO BE REALIZED OVER THAT TIME PERIOD. SUPPORTING FACTORS 1. PERCENTAGE OF FINANCIAL SUPPORT: WHILE OUR PUBLIC SUPPORT PERCENTAGE IS MODEST, IT IS STEADILY INCREASING YEAR-OVER-YEAR. WE CONTINUE TO DIVERSIFY OUR FUNDING BASE AND REDUCE RELIANCE ON ANY SINGLE DONOR OR PRIVATE FOUNDATION. IN ITS EARLY YEARS OF EXISTENCE, THE FOUNDATION LIMITED THE SCOPE OF ITS SOLICITATIONS TO PERSONS DEEMED MOST LIKELY TO PROVIDE SEED MONEY IN AN AMOUNT SUFFICIENT TO ENABLE IT TO COMMENCE ITS CHARITABLE ACTIVITIES AND EXPAND ITS SOLICITATION PROGRAMS. WITHOUT THE SUPPORT OF ITS LARGEST DONOR, THE ORGANIZATION'S PUBLIC SUPPORT WOULD BE APPROXIMATELY TWICE THE 33 1/3% REQUIREMENT. HOWEVER, WITHOUT THIS SUPPORT, THE ORGANIZATION COULD NOT HAVE FULFILLED ITS MISSION TO HELP ACCELERATE ECONOMIC EQUITY AND EQUALITY BY SUPPORTING INITIATIVES THAT PROVIDE CAREER PREPARATION AND RESKILLING, ENCOURAGE ENTREPRENEURSHIP, AND DEEPEN INDIVIDUALS' UNDERSTANDING OF PERSONAL FINANCE. 2. BOARD COMPOSITION: OUR BOARD OF DIRECTORS IS CURRENTLY COMPOSED OF EIGHT INDIVIDUALS WHO HAVE VARIOUS AREAS OF EXPERTISE. FOR EXAMPLE, OUR BOARD INCLUDES SUBJECT MATTER EXPERTS IN HUMAN RESOURCES, NONPROFIT ADMINISTRATION, FINANCE, DEVELOPMENT, FUNDRAISING, AND LAW. 3. BOARD MEETING MATERIALS: BOARD MEETING MATERIALS, BUDGETS, FINANCIAL REPORTS, AND OTHER DOCUMENTS THAT VERIFY PUBLIC FUNDRAISING ACTIVITIES, DIVERSE BOARD RECRUITMENT EFFORTS, AND CHARITABLE INITIATIVES THAT BENEFIT THE PUBLIC ARE DIGITALLY ARCHIVED AND CAN BE FURNISHED UPON REQUEST. 4. PUBLIC BENEFIT ACTIVITIES: WE ENVISION A WORLD IN WHICH EQUITABLE ACCESS TO KNOWLEDGE, RESOURCES, AND OPPORTUNITIES ENABLES PEOPLE TO ACHIEVE THEIR FULL POTENTIAL. THE ARES CHARITABLE FOUNDATION STRIVES TO ACCELERATE EQUALITY OF ECONOMIC OPPORTUNITY THROUGH GRANTS THAT PROVIDE CAREER PREPARATION AND RESKILLING, ENCOURAGE ENTREPRENEURSHIP, AND SUPPORT CLIMATE-RESILIENT JOBS. OUR STRATEGIC GRANTMAKING HELPS ADDRESS CRITICAL SOCIETAL ISSUES TO MAKE A MEASURABLE, MEANINGFUL, AND SUSTAINED DIFFERENCE. OUR PARTNERSHIPS WITH SOME OF THE WORLD'S LEADING NONPROFITS STRIVE TO HELP CLOSE THE WIDENING WEALTH GAP A DISPARITY THAT OFTEN THREATENS BASIC HUMAN DIGNITY AND SURVIVAL. OUR 2024 GRANT-MAKING PROGRAMS INCLUDED THE FOLLOWING GRANTS AND INITIATIVES: -ALT FINANCE CORPORATION. INVESTING IN BLACK FUTURES. THIS INITIATIVE IS DESIGNED TO DIVERSIFY THE ALTERNATIVE INVESTMENT INDUSTRY BY ATTRACTING, TRAINING, AND PROVIDING CAREER OPPORTUNITIES FOR COLLEGE STUDENTS ATTENDING HISTORICALLY BLACK COLLEGES AND UNIVERSITIES. THE INITIATIVE HAS THREE PRIMARY COMPONENTS: (1) A MENTORED FOLLOWSHIP PROGRAM; (2) A TAILORED VIRTUAL INSTITUTE, AND (3) A SCHOLARSHIP PROGRAM. DURING 2024, A TOTAL OF 133 COLLEGE STUDENTS PARTICIPATED IN THIS U.S. BASED PROGRAM. -JOBS FOR THE FUTURE (JFF). THIS INITIATIVE IS DESIGNED TO HELP INDIVIDUALS PREPARE FOR CLIMATE-RESILIENT JOBS IN THE UNITED STATES AS WELL AS IDENTIFY LEADING TRAINING PROVIDERS, ORGANIZATIONS, AND BEST PRACTICES TO DESIGN PATHWAYS TO THOSE CAREER OPPORTUNITIES. THIS INITIATIVE IS ON TRACK TO FACILITATE EDUCATION AND TRAINING FOR 25,000 INDIVIDUALS. -WORLD RESOURCES INSTITUTE (WRI): THIS INITIATIVE IS DESIGNED TO HELP BUILD THE RESILIENCE OF INDIA'S MICRO, SMALL, AND MEDIUM ENTERPRISES IN TWO STATES TO FUTURE-PROOF THEIR BUSINESS MODELS WITHIN A CHANGING CLIMATE. THIS IS A FIVE-YEAR INITIATIVE ON TRACK TO PROVIDE EDUCATION AND TRAINING TO 1,000 INDIVIDUALS IN INDIA. 5. PUBLIC PARTICIPATION: THE ORGANIZATION ACTIVELY INVOLVES THE PUBLIC THROUGH VOLUNTEER OPPORTUNITIES, COMMUNITY ADVISORY PANELS, AND OPEN TOWN HALL MEETINGS. FEEDBACK FROM THESE ENGAGEMENTS DIRECTLY INFORMS PROGRAM DEVELOPMENT. 6. TRANSPARENCY AND ACCOUNTABILITY: WE PUBLISH ANNUAL REPORTS, MAINTAIN AN UPDATED WEBSITE WITH FINANCIAL DISCLOSURES, AND FILE FORM 990 CONSISTENTLY. OUR COMMITMENT TO TRANSPARENCY REINFORCES OUR PUBLIC ORIENTATION. CONCLUSION: BASED ON THE ABOVE FACTS AND CIRCUMSTANCES, ARES CHARITABLE FOUNDATION OPERATES IN THE NATURE OF AN ORGANIZATION THAT IS PUBLICLY SUPPORTED. WE RESPECTFULLY REQUEST RECOGNITION OF OUR PUBLIC CHARITY STATUS UNDER IRC SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI) VIA THE 10% FACTS-AND-CIRCUMSTANCES TEST. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 15202452 1305805 1305805 13896647 -385 -385 13896262 14592276 1305805 385 1306190 13286086 0 13286086 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM TAXATION UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D AND IS GENERALLY NOT SUBJECT TO INCOME TAXES. ACCORDINGLY, A PROVISION FOR FEDERAL OR STATE INCOME TAXES IS NOT RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION IS FURTHER CLASSIFIED AS A PUBLIC CHARITY PURSUANT TO IRC SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI). HOWEVER, THE FOUNDATION IS SUBJECT TO INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM A TRADE OR BUSINESS ACTIVITY, REGULARLY CARRIED ON, AND NOT IN FURTHERANCE OF THE PURPOSES FOR WHICH IT WAS GRANTED EXEMPTION. FOR THE YEAR ENDED DECEMBER 31, 2024, IN THE OPINION OF MANAGEMENT, THE FOUNDATION DID NOT HAVE NET INCOME FROM ANY UNRELATED TRADE OR BUSINESS ACTIVITY. ACCORDINGLY, NO INCOME TAX PROVISION HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD (FASB), ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC NO. 740, UNCERTAINTY IN INCOME TAXES, THE FOUNDATION RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE-LIKELY-THAN-NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE FOUNDATION HAS EVALUATED ITS TAX POSITIONS AND THE CERTAINTY AS TO WHETHER THOSE POSITIONS WILL BE SUSTAINED IN THE EVENT OF AN AUDIT BY TAXING AUTHORITIES AT THE FEDERAL AND STATE LEVELS. THE PRIMARY TAX POSITIONS EVALUATED RELATE TO THE FOUNDATION'S CONTINUED QUALIFICATION AS A TAX-EXEMPT ORGANIZATION AND MATERIAL INCOME TAX LIABILITY. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION. THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE FOUNDATION'S TAX RETURNS REMAIN SUBJECT TO EXAMINATION GENERALLY FOR THREE AND FOUR YEARS AFTER THEY WERE FILED FOR FEDERAL AND STATE, RESPECTIVELY. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF INVESTMENTS -349. LOSS ON FX CONVERSION -36. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF INVESTMENTS 349. LOSS ON FX CONVERSION 36. 1 0 0 0 0 0 0 0 0 0 EAST ASIA AND THE PACIFIC THE GRANTEE WILL DELIVER IT TRAINING TO MEET THE ONGOING DEMAND FOR THE DEVELOPMENT AND APPLICATION OF THESE SKILLS IN THE LABOR MARKET SO THAT LESS ADVANTAGED YOUNG PEOPLE ENHANCE THEIR EMPLOYABILITY. 149009 0 BOOK EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM THE GRANTEE WILL ENGAGE A DIVERSITY, EQUITY AND INCLUSION ("DEI") SPECIALIST WHOSE RESEARCH WILL INFORM ITS ACTION PLANNING TO DEMOCRATIZE ACCESS TO ENTREPRENEURSHIP FOR DISABLED FOUNDERS IN THE UK. THE INITIATIVE WILL YIELD THE PUBLICATION OF A REPORT OF FINDINGS FOR LIKE MINDED CAPACITY-BUILDING ORGANIZATIONS AND ALLOW THE GRANTEE TO PILOT AFFINITY LAUNCHPAD COHORTS THAT PROVIDE MENTORING AND SMALL GRANTS FOR DISABLED FOUNDERS. IN ADDITION, THE GRANTEE WILL DEVELOP CASE STUDIES ON HOW THE LAUNCHPAD EXPERIENCE STRENGTHENS PARTICIPANTS' ENTREPRENEURIAL CAPABILITIES. 175000 0 BOOK EUROPE (INCLUDING ICELAND & GREENLAND) THE GRANTEE WILL ESTABLISH TWO NEW STREAMLINED SPEAR CENTRES A LOWER COST VERSION OF ITS FLAGSHIP SPEAR PROGRAMME THAT HELPS INDIVIDUALS AGES 16 TO 24 OVERCOME BARRIERS TO EMPLOYMENT AND/OR EDUCATION IN TWO RESOURCE-POOR REGIONS IN THE UK. THE GRANTEE WILL ALSO ENGAGE IN THOUGHTFUL STORYTELLING THROUGH AN ANIMATED FILM ABOUT PROGRAM PARTICIPANTS' EXPERIENCES AND UNDERTAKE EVALUATION ACTIVITIES TO HELP DRIVE GREATER EFFICACY. 166237 0 BOOK EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM THE GRANTEE WILL EXPAND ON ITS ORIGINAL YOUTH JOBS GAP RESEARCH THROUGH THE INITIATIVE SO THAT ITS PARTNER CHARITIES CAN MORE EFFECTIVELY DELIVER EVIDENCE-BASED INTERVENTIONS TO HELP DISADVANTAGED YOUNG PEOPLE ENTER THE WORKFORCE. TO DO SO, THE GRANTEE WILL USE THE GRANT TO ANALYZE THE UK GOVERNMENT'S LONGITUDINAL EDUCATION OUTCOMES DATASET TO UNDERSTAND HOW YOUNG PEOPLE'S LIFE CIRCUMSTANCES AFFECT JOB OUTCOMES BY IDENTIFYING FACTORS INCLUDING PROTECTED CHARACTERISTICS FOR THE FIRST TIME THAT INFLUENCE THEIR JOB PROSPECTS. FURTHERMORE, THE INITIATIVE WILL INCLUDE GRANULAR GEOGRAPHIC MEASUREMENTS THAT EXAMINE THE UK BY 326 AREAS. 216657 0 BOOK EAST ASIA AND PACIFIC THE GRANTEE WILL PROVIDE HIGHLY EXPERIENTIAL CULINARY TRAINING THAT LEADS TO CAREERS IN THE FOOD AND BEVERAGE INDUSTRY SO THAT LESS ADVANTAGED WOMEN BUILD THEIR SELF CONFIDENCE, FEEL PREPARED TO EXPLORE JOB OPPORTUNITIES OUTSIDE THEIR HOMETOWN, AND ACQUIRE PRACTICAL SKILLS THAT WILL ALLOW THEM TO EITHER ENTER THE WORKFORCE OR PURSUE ENTREPRENEURIAL ENDEAVORS. 189200 0 BOOK 5 0 0 0 0 0 0 0 PART I, LINE 2: 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. 1 ALT FINANCE CORPORATION 800 CORPORATE POINTE CULVER CITY CA 90230 863974526 501(C)(3) 3000000 0 SUPPORT PROGRAMS FOR STUDENTS AND GRADUATES OF HISTORICALLY BLACK COLLEGES AND UNIVERSITIES. JOBS FOR THE FUTURE 50 MILK STREET BOSTON MA 02110 061164568 501(C)(3) 4381217 0 HELP INDIVIDUALS PREPARE FOR CLIMATE-RESILIENT JOBS IN THE U.S. AS WELL AS IDENTIFY LEADING TRAINING PROVIDERS, ORGANIZATIONS AND BEST PRACTICES TO DESIGN PATHWAYS TO THOSE CAREER OPPORTUNITIES. OWNERSHIP WORKS 52 WEST 11TH STREET NEW YORK NY 10011 862054001 501(C)(3) 200000 0 EDUCATE INDIVIDUALS, EMPLOYEES AND COMPANIES ABOUT THE ECONOMIC AND OTHER BENEFITS OF ROAD-BASED EMPLOYEE OWNERSHIP OF BUSINESSES AND METHODS OF ADOPTING EMPLOYEE OWNERSHIP PROGRAMS BY RESEARCHING, DEVELOPING AND CONDUCTING EDUCATIONAL ACTIVITIES. WORLD RESOURCES INSTITUTE 10 G STREET NE SUITE 800 WASHINGTON DC 20002 521257057 501(C)(3) 1200091 0 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. AURORA WOMEN AND GIRLS FOUNDATION INC PO BOX 370537 WEST HARTFORD CT 06137 061587403 501(C)(3) 93200 0 THE GRANTEE WILL DEVELOP AND DELIVER A FINANCIAL LITERACY TOOLKIT TO HELP PARTICIPANTS IN THE INITIATIVE DEVELOP, STRENGTHEN AND APPLY PERSONAL FINANCE SKILLS, WITH THE INTENT TO DISSEMINATE THE TOOLKIT NATIONALLY TO SUPPORT LIKEMINDED NONPROFITS IN A NETWORK KNOWN AS THE NATIONAL PHILANTHROPIC COLLABORATIVE OF YOUNG WOMEN'S INITIATIVES ("NPCYWI"). COUNCIL FOR ECONOMIC EDUCATION 122 EAST 42ND STREET SUITE 1012 NEW YORK NY 10168 131623848 501(C)(3) 248782 0 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 EDUCATION PROGRAMS IN LOW-TO-MODERATE INCOME COMMUNITIES THROUGH A REVAMPED DELIVERY MODEL. IN ADDITION, THE PILOT IS INTENDED TO BRING THE GRANTEE'S YOUTH FINANCIAL EDUCATION PROGRAMS, TEACHER PROFESSIONAL DEVELOPMENT ACTIVITIES AND ADVOCACY EFFORTS TO SCALE IN THE REGION. GROVE COLLECTIVE FOUNDATION 5185 MACARTHUR BOULEVARD NW SUITE 456 WASHINGTON DC 20016 874015431 501(C)(3) 102800 0 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 AS CONDUCT A LANDSCAPING OF WOMEN REAL ESTATE DEVELOPERS TO COUNTER THEIR UNDERREPRESENTATION IN THE FIELD SO THAT THESE HISTORICALLY MARGINALIZED ENTREPRENEURS CAN BETTER SCALE THEIR BUSINESSES AND OVERCOME EQUITY GAPS. THE BROOKINGS INSTITUTION 1775 MASSACHUSETTS AVE NW WASHINGTON DC 20036 530196577 501(C)(3) 133333 0 THE GRANTEE WILL UNDERTAKE RESEARCH AND DEVELOP A SERIES OF PUBLICATIONS AND DATA PRODUCTS ON LATINO-OWNED BUSINESSES AND ENTREPRENEURSHIP. THE INITIATIVE WILL BUILD ON THE GRANTEE'S VALUING BLACK ASSETS INITIATIVE A FOUNDATIONAL RESOURCE FOR THE STATE OF BLACKOWNED BUSINESSES TO EXAMINE THE STATE OF LATINO-OWNED BUSINESSES. CHARLES EDWARD FOUNDATION DBA WORKINGNATION 269 S BEVERLY DR SUITE 338 BEVERLY HILLS CA 90212 264245043 501(C)(3) 500000 0 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 WORKFORCE OPPORTUNITIES FOR PEOPLE WITH DISABILITIES. URBAN INSTITUTE 500 LENFANT PLAZA SW WASHINGTON DC 20024 520880375 501(C)(3) 249985 0 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 SUPPORT THEIR IMPLEMENTATION OF EQUITABLE WORKPLACE WEALTH-BUILDING STRATEGIES THAT CUT ACROSS DIMENSIONS SUCH AS RACE, PLACE AND GENDER FOR LOW- AND MODERATE-WAGE EMPLOYEES. ADARA DEVELOPMENT (USA) 300 ADMIRAL WAY SUITE 106 EDMONDS WA 98020 980634789 501(C)(3) 225000 0 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 AS TO CREATE KNOWLEDGE PRODUCTS AND RESOURCES THAT HELP SCALE PROGRAMMING TO REACH GLOBAL AUDIENCES. 11 0 PART I, LINE 2: 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. X 1726 125787 AVG QUOTED MARKET PRICE 0 1 0 PART I COLUMN B THE ORGANIZATION IS REPORTING IN PART I, COLUMN (B), THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM IS REVIEWED AND APPROVED BY THE ORGANIZATION'S EXECUTIVE DIRECTOR. SUBSEQUENTLY, FORM 990, COMPLETE WITH ALL SCHEDULES, IS THEN PROVIDED TO THE FULL BOARD BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THIS CONFLICT OF INTEREST POLICY APPLIES TO OFFICERS, KEY EMPLOYEES AND MEMBERS OF THE BOARD OF DIRECTORS (EACH A "DIRECTOR AND COLLECTIVELY, THE "BOARD") OF ARES CHARITABLE FOUNDATION, A DELAWARE NONSTOCK, NONPROFIT CORPORATION (THE "CORPORATION'). ALL PERSONS COVERED UNDER THIS CONFLICT OF INTEREST POLICY (DIRECTORS, OFFICERS AND KEY EMPLOYEES OF THE CORPORATION) ARE HEREINAFTER COLLECTIVELY REFERRED TO AS "COVERED PERSONS." DISCLOSURE OF ACTUAL OR POTENTIAL CONFLICTS OF INTEREST: COVERED PERSONS ARE UNDER A CONTINUING OBLIGATION TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST AS SOON AS IT IS KNOWN OR REASONABLY SHOULD BE KNOWN. PRIOR TO ELECTION, APPOINTMENT, OR HIRING, AS APPROPRIATE, AND ANNUALLY THEREAFTER, EACH COVERED PERSON COMPLETES A CONFLICT OF INTEREST DISCLOSURE STATEMENT ("DISCLOSURE STATEMENT"), TO FULLY AND COMPLETELY DISCLOSE THE MATERIAL FACTS ABOUT ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST HE OR SHE MIGHT HAVE. IF AT ANY TIME DURING A COVERED PERSON'S TERM OF SERVICE CIRCUMSTANCES ARISE THAT COULD GIVE RISE TO A RELATED PARTY TRANSACTION, OR ANY OTHER REAL OR POTENTIAL CONFLICT OF INTEREST, HE OR SHE WILL PROMPTLY SUBMIT A DISCLOSURE STATEMENT TO THE BOARD DISCLOSING IN GOOD FAITH ALL RELEVANT MATERIAL FACTS. FOR ALL COVERED PERSONS, DISCLOSURE STATEMENTS ARE PROVIDED TO THE SECRETARY OF THE CORPORATION (ON BEHALF OF THE BOARD). THE SECRETARY OF THE CORPORATION PROVIDES COPIES OF ALL DISCLOSURE STATEMENTS TO BE FILED WITH THE OFFICIAL RECORDS OF THE CORPORATION SO THAT EACH STATEMENT IS AVAILABLE TO ANY DIRECTOR ON REQUEST. PROCEDURES FOR REVIEW OF ACTUAL OR POTENTIAL CONFLICTS: WHENEVER THERE IS REASON TO BELIEVE THAT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST EXISTS BETWEEN THE CORPORATION AND A COVERED PERSON, THE DISINTERESTED DIRECTORS SHALL BE RESPONSIBLE FOR REVIEWING THE MATTER AND DETERMINING AN APPROPRIATE ORGANIZATIONAL RESPONSE TO PROTECT THE INTERESTS OF THE CORPORATION. THIS RESPONSE MAY INCLUDE, BUT IS NOT NECESSARILY LIMITED TO, FURTHER BOARD REVIEW OR INVOKING THE PROCEDURES DESCRIBED BELOW WITH RESPECT TO A SPECIFIC PROPOSED ACTION OR TRANSACTION. PROCEDURES FOR ADDRESSING CONFLICTS OF INTEREST FOR SPECIFIC TRANSACTIONS: IF IT IS DETERMINED THAT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST EXISTS BETWEEN THE INTERESTS OF THE CORPORATION AND A COVERED PERSON WITH RESPECT TO A SPECIFIC PROPOSED ACTION OR TRANSACTION, THE CORPORATION REFRAINS FROM THE PROPOSED ACTION OR TRANSACTION UNTIL SUCH TIME AS THE PROPOSED ACTION OR TRANSACTION HAS BEEN APPROVED BY THE DISINTERESTED DIRECTORS. THE FOLLOWING PROCEDURES APPLY: - A COVERED PERSON WHO HAS AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST WITH RESPECT TO A PROPOSED ACTION OR TRANSACTION OF THE CORPORATION WILL NOT PARTICIPATE IN ANY WAY OR BE PRESENT DURING THE DELIBERATIONS AND DECISION MAKING OF THE CORPORATION WITH RESPECT TO SUCH ACTION OR TRANSACTION. THE COVERED PERSON MAY, UPON REQUEST, BE AVAILABLE TO ANSWER QUESTIONS OR PROVIDE MATERIAL FACTUAL INFORMATION ABOUT THE PROPOSED ACTION OR TRANSACTION PRIOR TO ANY DELIBERATION ON THE PROPOSED ACTION OR TRANSACTION; HOWEVER, A COVERED PERSON IS PROHIBITED FROM IMPROPERLY INFLUENCING THE DELIBERATION OR VOTING ON THE PROPOSED ACTION OR TRANSACTION GIVING RISE TO THE ACTUAL OR POTENTIAL CONFLICT. -THE DISINTERESTED DIRECTORS MAY APPROVE THE PROPOSED ACTION OR TRANSACTION UPON FINDING THAT IT IS IN THE BEST INTERESTS OF THE CORPORATION. THE DISINTERESTED DIRECTORS CONSIDER WHETHER THE TERMS OF THE PROPOSED ACTION OR TRANSACTION ARE FAIR, REASONABLE AND IN THE CORPORATION'S BEST INTEREST. WITH RESPECT TO ANY RELATED PARTY TRANSACTION IN WHICH A RELATED PARTY HAS A SUBSTANTIAL FINANCIAL INTEREST, THE DISINTERESTED DIRECTORS, PRIOR TO ENTERING INTO THE TRANSACTION, CONSIDER ALTERNATIVE TRANSACTIONS TO THE EXTENT AVAILABLE. - APPROVAL BY THE DISINTERESTED DIRECTORS ARE BY VOTE OF A MAJORITY OF THE DISINTERESTED DIRECTORS IN ATTENDANCE AT A MEETING AT WHICH A QUORUM OF THE BOARD IS PRESENT. VIOLATIONS OF CONFLICT OF INTEREST POLICY: IF THE BOARD HAS REASON TO BELIEVE THAT A COVERED PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, IT INFORMS THE PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THE PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE OF THE COVERED PERSON AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD DETERMINES THAT THE COVERED PERSON HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT TAKES APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. ANY RELATED PARTY TRANSACTION FOUND TO BE IN VIOLATION OF THE CONFLICT OF INTEREST POLICY IS VOIDABLE AT THE DISCRETION OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS CAN BE OBTAINED UPON REQUEST. HOWEVER CURRENT TAX LAW DOES NOT REQUIRE THESE DOCUMENTS BE PROVIDED TO THE PUBLIC. FORM 990, PART IX, LINE 11G CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 1,155,540. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,155,540.