Dalio Foundation Inc
- Assets
- $1.5b
- Revenue
- $687.6m
- Investments
- $1.4b
- Employees
- 0
- Location
- Westport, CT
- Founding
- 09/2003
- Data as of
- 12/2021
- EIN
- 43-1965846
Organization Overview
Dalio Foundation Inc is located in Westport, CT. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dalio Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Dalio Foundation Inc generated $687.6m in total revenue. All expenses for the organization totaled $16.9m during the year ending 12/2021.
Since 2020, Dalio Foundation Inc has awarded 148 individual grants totaling $38,731,332. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
PROGRAMMATIC AND BACK-OFFICE SUPPORT TO ENABLE PROGRAMS FOCUSED ON UNDER-REPRESENTED YOUTH AND THEIR NEEDS. THIS SUPPORT INCLUDES BUT IS NOT LIMITED TO SUPPORTING PUBLIC SCHOOL TEACHERS AND THEIR EDUCATIONAL NEEDS IN CONNECTICUT (PROVIDING SUPPLIES, TEACHER TRAINING AND EDUCATIONAL OPPORTUNITIES AND OTHER SUPPORTS), PROVIDING DEDICATED CAPACITY BUILDING SUPPORT FOR WRAP AROUND SOCIAL SERVICE ORGANIZATIONS, AND PROVIDING SUPPORT TO MEET THE DIRECT NEEDS OF DISADVANTAGED YOUTH (COAT DRIVES AND OTHER NEEDS).
COMMUNITY SUPPORT CHARITABLE INITIATIVE - PARK PRESERVATION, BEAUTIFICATION, AND MAINTENANCE FOR BRUCE PARK GARDEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew A Dalio Director | 1 | $0 | |
Raymond T Dalio President & Director | 2 | $0 | |
Barbara Dalio Director | 20 | $0 | |
Janine Racanelli Exec. Director, Treasurer & Secretary | 1.5 | $0 | |
Lisa Safian Assistant Treasurer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marino Management | 12/30/21 | $6,188,284 |
Hunter Consulting Llc | 12/30/21 | $247,917 |
Accion Quona Inclusion Fund Gp Llc | 12/30/21 | $168,750 |
Accion Frontier Inclusion Fund Gp Llc | 12/30/21 | $106,499 |
Global Strategy Group Llc | 12/30/21 | $117,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $649,126,949 |
| Interest on Savings | $0 |
| Dividends & Interest | $233,000 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,207,264 |
| Capital Gain Net Income | $25,607,984 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,544 |
| Total Revenue | $687,569,757 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $902,171 |
| Depreciation | $87,568 |
| Occupancy | $256,626 |
| Travel, conferences, and meetings | $8,642 |
| Printing and publications | $294 |
| Other expenses | $1,501,787 |
| Total operating and administrative expenses | $9,165,012 |
| Contributions, gifts, grants paid | $7,734,414 |
| Total expenses and disbursements | $16,899,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $100,915,323 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $168,513 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,271,249,139 |
| Net Land, buildings, and equipment | $781,198 |
| Other assets | $3,776,842 |
| Total assets | $1,484,061,978 |
| Accounts payable and accrued expenses | $26,492 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $511,500 |
| Total liabilities | $537,992 |
Grants Awarded
Over the last fiscal year, Dalio Foundation Inc has awarded $7,734,414 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Woods Hole, MA PURPOSE: RESTRICTED TO THE TWILIGHT ZONE PROJECT | $2,500,000 |
Taylorsville, UT PURPOSE: RESTRICTED TO SUPPORT THE GOAL OF BRIDGING THE EARLY EDUCATION GAP | $1,001,402 |
Washington, DC PURPOSE: RESTRICTED TO SUPPORT INITIATIVE TO GET ONE MILLION AFRICAN-AMERICAN WOMEN WALKING TO IMPROVE THEIR HEALTH | $1,000,000 |
Baltimore, MD PURPOSE: RESTRICTED TO SUPPORT THE MOOD DISORDERS CENTER | $817,000 |
New York, NY PURPOSE: RESTRICTED TO SUPPORT TED EXHIBIT | $500,000 |
Woods Hole, MA PURPOSE: RESTRICTED TO SUPPORT AND STRENGTHEN THE COMMUNICATION INITIATIVE | $450,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gray Foundation Cohoes, NY | $79,676,216 | $85,340,733 |
Liberty Mutual Foundation Inc Boston, MA | $40,383,671 | $39,283,240 |
Tl Foundation Suffern, NY | $597,015 | $24,643,909 |
Park Foundation Inc Ithaca, NY | $505,545,130 | $75,092,084 |
The Nathan Cummings Foundation Inc New York, NY | $538,275,709 | $724,216 |
Donald A Pels Charitable Tr 081892 Harrison, NY | $318,380,585 | $19,080,873 |
Fisher Koch Family Foundation Inc New York, NY | $18,346,148 | $55,675,398 |
Mercer Family Foundation Waltham, MA | $54,165,721 | $38,341,516 |
Brooks Family Foundation Boston, MA | $0 | $26,552,695 |
Stephen A Schwarzman Education Foundation New York, NY | $9,777,313 | $26,526,711 |
King Street Charitable Tr New York, NY | $21,156,424 | $2,759,208 |
Yawkey Foundation Ii Dedham, MA | $0 | $18,548,394 |