Dalio Family Fund Inc is a 501(c)(4) civic league and social welfare organization based in Westport, Connecticut. Established in 2019, the organization operates as the philanthropic vehicle of the Dalio family, primarily Ray and Barbara Dalio. The fund works to foster, support, and promote programs and activities designed to benefit and improve diverse and underserved communities throughout the world.
Financial Overview
From 2024 IRS Form 990-PF · 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
Mission & Focus Areas
The organization is organized and operated exclusively for the promotion of social welfare. The fund works to foster, support, promote and conduct programs, projects and activities designed to benefit, sustain and improve diverse and underserved communities throughout the world.
Primary funding focus areas include:
Education: Providing grants and programming to enable more equitable education through direct engagement with public school communities and technology-driven access to learning. The fund champions underserved youth in Connecticut and beyond, working to unlock students' potential and reengage youth who are severely off-track or disconnected from school and employment. Programs aim to increase access to the internet, devices, and gaming to bridge the digital divide in learning.
Oceans & Environment: Supporting groundbreaking exploration, scientific research, and education aimed at developing greater understanding and appreciation of the oceans and environment. The fund enables greater protection of the oceans for the benefit of people globally, including populations that depend on them for sustainability. Programs inspire the next generation of ocean explorers and problem solvers.
Health & Wellness: Supporting access to quality healthcare and wellness through research, education, and improved access to services.
Environmental Protection: Funding environmental initiatives and protection efforts.
Oceanic Exploration and Awareness: Supporting ocean-related research and education.
Child Welfare: Programs benefiting children and families.
Economic Empowerment: Supporting economic development and opportunity.
The Arts: Funding arts-related programs and initiatives.
Grantmaking
Typical grant awards range from $1,000 to $50,000,000. The fund has demonstrated significant grantmaking capacity, with total giving of $73,981,225 in recent filings.
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Geographic Focus
Where this funder awards grants
The fund's grantmaking focuses primarily on Connecticut, New York, and California, though the organization states its mission extends to diverse and underserved communities throughout the world.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $4,039,494,510 (2024)
Total Giving: $73,981,225 (2024)
Total Revenue: $806,892,040 (2024)
Total Expenses: $96,903,990 (2024)
Employees: 0
The organization maintains substantial investment holdings of approximately $3.1 billion.
| 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 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $46,576,980 | $24,288,101 | $82,331,583 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Endless Os Foundation Llc ($4,180,850), Connecticut Rise Network Inc ($2,000,000), Harlem Childrens Zone Inc ($2,000,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN MONTESSORI SOCIETY INC NEW YORK, NY | TO SUPPORT GENERAL OPERATIONS | $5,000 |
| ANTHOLOGY FILM ARCHIVES NEW YORK CITY, NY | TO SUPPORT GENERAL OPERATIONS | $15,000 |
| APEX FOR YOUTH INC NEW YORK, NY | RESTRICTED TO SUPPORT THE STRATEGIC PLAN PROGRAM | $25,000 |
| 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 |
| BLACK GIRLS CODE INC LOS ANGELES, CA | TO SUPPORT GENERAL OPERATIONS | $20,000 |
| BLACK GIRLS CODE INC LOS ANGELES, CA | RESTRICTED TO SUPPORT GAME-DESIGN SUMMER CAMPS | $40,000 |
| BOY SCOUTS OF AMERICA GREENWICH COUNCIL GREENWICH, CT | RESTRICTED TO SUPPORT PROGRAM OUTREACH AND ENHANCEMENTS | $56,400 |
| BRIGHAM AND WOMEN'S HOSPITAL INC BOSTON, MA | RESTRICTED TO DESIGNING HYPERTENSION PATIENT JOURNEY AND CONDUCTING IMPLEMENTATION RESEARCH | $25,000 |
| BROOKLYN ACADEMY OF MUSIC INC BROOKLYN, NY | TO SUPPORT GENERAL OPERATIONS | $20,000 |
| BRUNSWICK SCHOOL INC GREENWICH, CT | RESTRICTED TO ENDOWMENT FUND FOR FAIRFIELD SCHOLARS | $400,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Janine Racanelli is listed as Principal Officer of the organization.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JANINE RACANELLI | PRESIDENT & DIRECTOR | 1 | — |
| BARBARA DALIO | DIRECTOR | 1 | — |
| MATTHEW DALIO | DIRECTOR | 1 | — |
| MARK DALIO | DIRECTOR | 1 | — |
| LISA SAFIAN | TREASURER | 1 | — |
| GRETCHEN WAGNER | SECRETARY | 1 | — |
Recent News & Activity
Recent developments and announcements
Recent grant announcements include:
A $2.5 million grant awarded for a New Haven job training program
Dalio Education awards $2.5M grant for New Haven job trainingA $4 million pledge from Barbara and Ray Dalio through Dalio Philanthropies to assist Connecticut hospital workers and address immediate food needs caused by the COVID-19 crisis
Dalio Education awards $2.5M grant for New Haven job trainingProfessional learning grants awarded to 153 Connecticut teachers
153 Connecticut Teachers Awarded Professional Learning GrantsSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Dalio Family Fund Inc fund?
The organization is organized and operated exclusively for the promotion of social welfare. The fund works to foster, support, promote and conduct programs, projects and activities designed to benefit, sustain and improve diverse and underserved communities throughout the world. Primary funding focus areas include: • **Education**: Providing grants and programming to enable more equitable education through direct engagement with public school communities and technology-driven access to learning…
How do I apply for a grant from Dalio Family Fund Inc?
Typical grant awards range from $1,000 to $50,000,000. The fund has demonstrated significant grantmaking capacity, with total giving of $73,981,225 in recent filings.
Where does Dalio Family Fund Inc make grants?
The fund's grantmaking focuses primarily on Connecticut, New York, and California, though the organization states its mission extends to diverse and underserved communities throughout the world.
What size grants does Dalio Family Fund Inc award?
In 2024, Dalio Family Fund Inc awarded 105 grants totaling $40.2M — an average of about $383K per grant, based on its IRS Form 990 filings.
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.
Explore Open Grants
Browse active grant opportunities in Dalio Family Fund Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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