Dalio Family Fund Inc is a public charity based in Westport, Connecticut, formed in 2018. Its stated purpose is to promote social welfare by supporting programs intended to benefit and improve diverse and underserved communities.
Key facts about Dalio Family Fund Inc
In short: Dalio Family Fund Inc gave $40.2M across 105 grants in 2024 (avg $383K), top state New York. 49% of 2024 grantees were new. Source: 2024 IRS Form 990.
- EIN
- 83-1575536
- Latest 990 filing
- Form 990, 2024
- Annual giving (2024)
- $40,211,177
- Grants made (2024)
- 105
- Average grant
- $382,964
- Median grant
- $50,000
- New grantees (estimate)
- 49% first-time grantees (47 of 96, 2024)
- Total assets
- $4,039,494,510
- Primary geography
- New York (41% of itemized 2024 grant dollars)
Data from IRS Form 990, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2024 IRS Form 990 · View filing
Total Assets
$4.0B
+24.7% YoY
Annual Giving
$40.2M
-56.4% YoY
Grant Count
105
-48.0% YoY
Avg Grant Size
$383K
-16.1% YoY
Is Dalio Family Fund Inc open to new grantees?
49%
first-time grantees, 2024
In 2024, 47 of 96 grantees (49%) were first-time recipients. First grants averaged $116K; repeat grants $709K. How we count
Medians: $20K first-time, $200K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The fund states that it works to support programs and activities benefiting diverse and underserved communities. Its program descriptions identify four areas:
- Oceans & environment: Exploration, scientific research, education, and ocean protection.
- Health & wellness: Healthcare access, research, education, mental health services, and related support for traditionally under-resourced communities.
- Education: Public-school engagement and technology-driven learning access, including efforts to bridge the digital divide and support underserved youth.
- Arts & community: Arts, music, and culture, as well as community organizations that help meet basic needs.
Its 2024 grantees include organizations with missions in several of these areas. For example, NewYork-Presbyterian Hospital describes its work as providing patient care, teaching, research, and service; Connecticut Rise Network says it helps students prepare for college and careers; and Roca says it works to disrupt incarceration, poverty, and racism by engaging young adults, police, and systems. Other grantees include food-access and workforce organization Forge City Works, and Games for Change, which says it uses games to promote learning and real-world change.
Grantmaking
In 2024, the fund reported 105 grants totaling $40,211,177. Grants ranged from $1,000 to $10,000,000, with a median of $50,000.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 105 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $40.2M (2024) to $92.2M (2023). In 2024 it made 105 grants totaling $40.2M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was The New York and Presbyterian Hospital ($10.0M across 2 grants). Together the top 10 received $27.3M.
Grant Size Distribution
901 grants across all recorded years
The most common grant size was under $50K: 339 grants of 901 (38%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The New York and Presbyterian Hospital New York, NY | Restricted to support the dalio center for health justice | $10,000,000 |
| Endless Os Foundation LLC Westport, CT | To Support General Operations | $4,180,850 |
| Mayo Clinic Rochester, MN | Restricted to support ai innovation in the clinical practice | $2,500,000 |
| Connecticut Rise Network Inc New Haven, CT | Restricted to provide general operating and programming support to achieve rise mission | $2,000,000 |
| Harlem Childrens Zone Inc New York, NY | Restricted to strengthening infrastructure and scaling capacity across the country | $2,000,000 |
| Tisbest Philanthropy Seattle, WA | To Support a Program to Encourage Giving | $1,569,000 |
| Roca Inc Chelsea, MA | Restricted to Support the Hartford Young Mothers Program | $1,500,000 |
| Avatar Alliance Foundation New York, NY | Restricted to support collaborative efforts that raise awareness and facilitate educational outreach related to oceans and ocean exploration | $1,200,000 |
| Monterey Bay Aquarium Research Institute Moss Landing, CA | Restricted to Support Ocean Vision Ai Project | $1,000,000 |
| National Committee on United States China Relations Inc New York, NY | To Support General Operations | $1,000,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grant sum | Grant count |
|---|---|---|---|---|---|
| 2024 | $4,039,494,510 | $806,892,040 | $96,903,990 | $40,211,177 | 105 |
| 2023 | $3,239,856,131 | $69,545,101 | $195,331,019 | $92,180,334 | 202 |
| 2022 | $3,312,837,043 | $82,333,236 | $116,269,603 | $87,720,451 | 195 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,039,494,510 | $3,239,856,131 | $3,312,837,043 |
| Revenue | $806,892,040 | $69,545,101 | $82,333,236 |
| Expenses | $96,903,990 | $195,331,019 | $116,269,603 |
| Net Investment Income | $46,576,980 | $24,288,101 | $82,331,583 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 14, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Janine Racanelli as president and director; Barbara Dalio, Matthew Dalio, and Mark Dalio as directors; Lisa Safian as treasurer; and Gretchen Wagner as secretary.
Dalio Family Fund Inc is led by Janine Racanelli, President & Director on every filing since 2020; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Janine Racanelli
President & Director
On filings since 2020
1 hr/week
No compensation reported
Barbara Dalio
Director
On filings since 2020
1 hr/week
No compensation reported
Matthew Dalio
Director
On filings since 2020
1 hr/week
No compensation reported
Mark Dalio
Director
Director From → Director, 2023
On filings since 2022
1 hr/week
No compensation reported
Gretchen Wagner
Secretary
Secretary → Director & Secretary, 2022
Director & Secretary → Secretary, 2023
On filings since 2020
1 hr/week
No compensation reported
Lisa Safian
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Devon Dalio (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: Co Dfo One Glendinning Place 100, Westport, CT 06880
Phone: (203) 291-5000
Frequently asked questions about Dalio Family Fund Inc
How much does Dalio Family Fund Inc give each year?
Dalio Family Fund Inc gave $40.2M across 105 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $92.2M across 202 grants.
What is Dalio Family Fund Inc's typical grant size?
Dalio Family Fund Inc's median grant in 2024 was $50,000, and its average grant was $382,964, across 105 grants on its 2024 IRS Form 990. Organizations receiving their first grant from Dalio Family Fund Inc that year got $116K on average.
Where does Dalio Family Fund Inc give grants?
Dalio Family Fund Inc's top state is New York, with 41% of the grant dollars itemized on its 2024 IRS Form 990. The next largest states were Connecticut (28%) and Minnesota (6%). The most frequent recipient cities were New York, NY (18 grants), Hartford, CT (7 grants), New Haven, CT (6 grants) and Greenwich, CT (5 grants).
Does Dalio Family Fund Inc give general operating support?
Yes: 48% of Dalio Family Fund Inc's 2024 grants with a stated purpose (50 of 105) were for general or operating support, per its 2024 IRS Form 990.
Who are Dalio Family Fund Inc's largest grantees?
Dalio Family Fund Inc's largest 2024 grantees include The New York and Presbyterian Hospital ($10,006,000 across 2 grants), Endless Os Foundation LLC ($4,180,850) and Mayo Clinic ($2,500,000), according to its 2024 IRS Form 990. Together they received 41% of its itemized 2024 grant dollars.
How large is Dalio Family Fund Inc?
Dalio Family Fund Inc reported $4.0B in total assets on its 2024 IRS Form 990. Its revenue that year was $806.9M.
What does Dalio Family Fund Inc fund?
The fund states that it works to support programs and activities benefiting diverse and underserved communities. Its program descriptions identify four areas: See mission & focus areas ↑
How do I apply for a grant from Dalio Family Fund Inc?
Dalio Family Fund Inc has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is Dalio Family Fund Inc's EIN?
Dalio Family Fund Inc's EIN (Employer Identification Number) is 83-1575536. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
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