Dalio Family Fund Inc
- Assets
- $3.3b
- Revenue
- $82.3m
- Investments
- $3.1b
- Employees
- 0
- Location
- Westport, CT
- Founding
- 04/2019
- Data as of
- 12/2022
- EIN
- 83-1575536
Organization Overview
Dalio Family Fund Inc is located in Westport, CT. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dalio Family Fund Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Dalio Family Fund Inc generated $82.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (59.5%) each year. All expenses for the organization totaled $116.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Dalio Family Fund Inc has awarded 711 individual grants totaling $292,192,479. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER, SUPPORT, PROMOTE AND CONDUCT PROGRAMS, PROJECTS AND ACTIVITIES (SEE SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING GRANTS TO ENABLE MORE EQUITABLE EDUCATION, ACCESS TO TECHNOLOGY, FINANCIAL AND ECONOMIC INCLUSION, MICROFINANCE SUPPORT AND ACCESS TO THE ARTS AND OTHER SERVICES IN TRADITIONALLY UNDERSERVED COMMUNITIES.
SUPPORT HEALTH EQUITY AND WELLNESS THROUGH SUPPORT FOR RESEARCH, EDUCATION, IMPROVED ACCESS TO QUALITY HEALTHCARE, MENTAL HEALTH SERVICES, AND OTHER SUPPORTING SERVICES FOR TRADITIONALLY UNDERSERVED COMMUNITIES.
SUPPORT SCIENTIFIC RESEARCH AND EDUCATION AIMED AT DEVELOPING A GREATER UNDERSTANDING AND APPRECIATION OF THE OCEANS AND ENABLING GREATER PROTECTION OF THEM FOR THE BENEFIT OF PEOPLE GLOBALLY, INCLUDING MARGINALIZED POPULATIONS THAT DEPEND ON THEM FOR THEIR SUSTAINABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janine Racanelli Director, President | OfficerTrustee | 1.5 | $0 |
Barbara Dalio Director | Trustee | 1 | $0 |
Matthew Dalio Director | Trustee | 0.5 | $0 |
Mark Dalio Director From 11/22 | Trustee | 0.5 | $0 |
Gretchen Wagner Director 02/22-11/22, Secretary | OfficerTrustee | 0.5 | $0 |
Lisa Safian Treasurer | Officer | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bdt & Company Llc Investment Advisory Fees | 12/30/22 | $3,000,000 |
Marino Management Llc Prgm Mgmt, Inv, Grant Svcs & Inv Advisor | 12/30/22 | $14,831,613 |
Bdt Capital Prtnrs Fund 3 (Te) Lp Investment Mgmt. Fees | 12/30/22 | $562,837 |
Adjuvant Global Health Technology Fund D Investment Mgmt. Fees | 12/30/22 | $174,074 |
Paul Hastings Legal Services | 12/30/22 | $281,310 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $13,103,543 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $69,228,040 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $82,333,236 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $87,775,951 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $14,560,430 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $281,310 |
| Fees for services: Accounting | $51,780 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,710,722 |
| Fees for services: Other | $6,651,406 |
| Advertising and promotion | $0 |
| Office expenses | $42,370 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,972 |
| All other expenses | $0 |
| Total functional expenses | $116,269,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $48,687,247 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $56,137,862 |
| Investments—other securities | $3,124,961,171 |
| Investments—program-related | $47,087,686 |
| Intangible assets | $0 |
| Other assets | $35,962,077 |
| Total assets | $3,312,837,043 |
| Accounts payable and accrued expenses | $10,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,000 |
| Net assets without donor restrictions | $3,312,827,043 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,312,837,043 |
Grants Awarded
Over the last fiscal year, Dalio Family Fund Inc has awarded $87,720,451 in support to 195 organizations.
| Grant Recipient | Amount |
|---|---|
360 MANAGEMENT GROUP CO PURPOSE: RESTRICTED TO SUPPORT FILLING THE GAP INITIATIVE | $72,000 |
ACCION INTERNATIONAL PURPOSE: TO SUPPORT GENERAL OPERATIONS AND THE ACCION VENTURE LAB | $100,000 |
ALZHEIMERS DRUG DISCOVERY FOUNDATION PURPOSE: TO SUPPORT GENERAL OPERATIONS | $10,000 |
ACUMEN FUND INC PURPOSE: TO SUPPORT GENERAL OPERATIONS | $100,000 |
ALPHA USA PURPOSE: RESTRICTED TO SUPPORT THE CATHOLIC CAMPUS MINISTRY HOSPITALITY INITIATIVE | $24,000 |
AMERICAN BIRD CONSERVANCY PURPOSE: TO SUPPORT GENERAL OPERATIONS | $30,000 |