{"id":831424,"date":"2025-03-31T07:27:53","date_gmt":"2025-03-31T11:27:53","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/joel-holsinger-appointed-co-chair-of-the-ares-charitable-foundation\/"},"modified":"2025-03-31T07:27:53","modified_gmt":"2025-03-31T11:27:53","slug":"joel-holsinger-appointed-co-chair-of-the-ares-charitable-foundation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/joel-holsinger-appointed-co-chair-of-the-ares-charitable-foundation\/","title":{"rendered":"Joel Holsinger Appointed Co-Chair of the Ares Charitable Foundation"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Joel Holsinger Appointed Co-Chair of the Ares Charitable Foundation<\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nAres Management Corporation (NYSE:ARES) (\u201cAres\u201d) announced today that Joel Holsinger, Partner and Co-Head of Ares\u2019 Alternative Credit strategy, was appointed to the Board of Directors of the Ares Charitable Foundation (the \u201cAres Foundation\u201d) to serve as Co-Chair alongside current Chair, Michael Arougheti, Chief Executive Officer of Ares.\n<\/p>\n<p>\nSince its launch in 2021, the Ares Foundation has committed more than $66 million to a global portfolio of nonprofit organizations to help people access the knowledge, resources and opportunities needed to chart pathways to self-sufficiency and drive strong local economies. To do so, the Ares Foundation awards grants and funds initiatives that strive to help individuals train and reskill for quality jobs, launch and scale businesses, and build personal financial knowledge so that they achieve economic mobility.\n<\/p>\n<p>\nThe Ares Foundation\u2019s funding approach was initially inspired by Ares Alternative Credit\u2019s Pathfinder family of funds, for which Ares and the funds\u2019 portfolio managers have pledged to donate at least 5 to 10% of the performance fees earned to support global health and education charities. Today, 24 Ares funds have committed up to 5% of their annualized, realized net performance income to enable the Ares Foundation\u2019s work.\n<\/p>\n<p>\n\u201cI am pleased to welcome Joel as Co-Chair of the Ares Foundation, adding his deep passion for charitable giving and his exceptional investing acumen to our efforts,\u201d said Mr. Arougheti. \u201cGiven his role in spearheading the Alternative Credit team&#8217;s charitable tie-in initiative and his extensive experience working first-hand with non-profit organizations to help improve people\u2019s lives, we are confident that his leadership will help accelerate our long-term objectives.\u201d\n<\/p>\n<p>\n\u201cI joined Ares with a personal commitment \u2013 and the unwavering support of Ares\u2019 leadership \u2013 to align our investing activity with a greater purpose,\u201d said Mr. Holsinger. \u201cSince then, the Ares Foundation has enabled us to expand the Firm\u2019s charitable giving and inspire more of our team members in their work and personal lives. I am deeply humbled to join the Ares Foundation Board as we continue to deliver on our objective to create more access and opportunity for people around the world.\u201d\n<\/p>\n<p>\n\u201cJoel has championed and staunchly supported our mission since the Ares Foundation launched four years ago,\u201d said Michelle Armstrong, President of the Ares Foundation. \u201cHe had foresight to encourage a charitable tie-in with the Firm\u2019s investment activities, and that model has helped provide durable funding for the Ares Foundation\u2019s efforts to address some of society\u2019s most pressing challenges. His personal philanthropic ethos coupled with his respected leadership will no doubt help advance our strategic grantmaking and initiatives, and we look forward to partnering with him to increase our global reach and impact.\u201d\n<\/p>\n<p><b>About the Ares Charitable Foundation<\/b><\/p>\n<p>\nThe Ares Charitable Foundation (the \u201cAres Foundation)\u201d envisions a world in which people have access to the knowledge, resources and opportunities needed to help chart pathways to self-sufficiency and drive strong local economies. Established in 2021 as a 501(c)(3) qualifying organization of Ares Management Corporation (\u201cAres\u201d or the \u201cFirm\u201d), we strive to advance economic mobility by helping people prepare and reskill for quality jobs, launch and scale businesses, and build personal financial knowledge. We execute our philanthropy with the same rigor, discipline and entrepreneurial spirit that Ares brings to its investment activities and business operations. Furthermore, we aim to ensure that these efforts help demonstrate Ares\u2019 core values\u2014to be collaborative, responsible, entrepreneurial, self-aware and trustworthy\u2014in action.\n<\/p>\n<p><b>About Ares Management Corporation<\/b><\/p>\n<p>\nAres Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of December 31, 2024, including the acquisition of GCP International which closed on March 1, 2025, Ares Management Corporation\u2019s global platform had over $525 billion of assets under management, with operations across North America, Europe, Asia Pacific and the Middle East. For more information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.aresmgmt.com&amp;esheet=54230348&amp;newsitemid=20250331080910&amp;lan=en-US&amp;anchor=www.aresmgmt.com&amp;index=1&amp;md5=cb60d5ee67bcd2f6efef9c7995b24868\">www.aresmgmt.com<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250331080910r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250331080910\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250331080910\/en\/<\/a><\/span><\/p>\n<p><b>Media:<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:media@aresmgmt.com\">media@aresmgmt.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Philanthropy Other Philanthropy Finance Foundation Asset Management<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250331080910\/en\/2256039\/3\/Ares_Logo_Standard.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Joel Holsinger Appointed Co-Chair of the Ares Charitable Foundation NEW YORK&#8211;(BUSINESS WIRE)&#8211; Ares Management Corporation (NYSE:ARES) (\u201cAres\u201d) announced today that Joel Holsinger, Partner and Co-Head of Ares\u2019 Alternative Credit strategy, was appointed to the Board of Directors of the Ares Charitable Foundation (the \u201cAres Foundation\u201d) to serve as Co-Chair alongside current Chair, Michael Arougheti, Chief Executive Officer of Ares. Since its launch in 2021, the Ares Foundation has committed more than $66 million to a global portfolio of nonprofit organizations to help people access the knowledge, resources and opportunities needed to chart pathways to self-sufficiency and drive strong local economies. To do so, the Ares Foundation awards grants and funds initiatives that strive to help individuals train and reskill for &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/joel-holsinger-appointed-co-chair-of-the-ares-charitable-foundation\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Joel Holsinger Appointed Co-Chair of the Ares Charitable Foundation&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-831424","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Joel Holsinger Appointed Co-Chair of the Ares Charitable Foundation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/joel-holsinger-appointed-co-chair-of-the-ares-charitable-foundation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Joel Holsinger Appointed Co-Chair of the Ares Charitable Foundation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Joel Holsinger Appointed Co-Chair of the Ares Charitable Foundation NEW YORK&#8211;(BUSINESS WIRE)&#8211; Ares Management Corporation (NYSE:ARES) (\u201cAres\u201d) announced today that Joel Holsinger, Partner and Co-Head of Ares\u2019 Alternative Credit strategy, was appointed to the Board of Directors of the Ares Charitable Foundation (the \u201cAres Foundation\u201d) to serve as Co-Chair alongside current Chair, Michael Arougheti, Chief Executive Officer of Ares. Since its launch in 2021, the Ares Foundation has committed more than $66 million to a global portfolio of nonprofit organizations to help people access the knowledge, resources and opportunities needed to chart pathways to self-sufficiency and drive strong local economies. 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