Dalio Family Fund Inc

WESTPORT, CT EIN: 83-1575536

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

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

39states
+32 more states

Cities

AlexandriaAnn ArborArlingtonAtlantaAustinAvonBaltimoreBaton RougeBayamonBel AirBentonvilleBethel HeightsBethesdaBirminghamBloomfieldBoca RatonBostonBoulderBowling GreenBridgeport

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.

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$222M$444M$666M$888M20202021202220232024
Metric202420232022
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

$0$23M$46M$69M$92M233 grants2020166 grants2021195 grants2022202 grants2023105 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

ENDLESS OS FOUNDATION LLC$4.2MCONNECTICUT RISE NETWORK…$2.0MHARLEM CHILDRENS ZONE INC$2.0MAVATAR ALLIANCE FOUNDATION$1.2MGAMES FOR CHANGE INC$950KFORGE CITY WORKS$760KCATALYST CT INC$750KCATALYST CT INC$555KGREENWICH COUNTRY DAY SC…$500KHENRY M PAULSON JR INSTI…$500K

Grant Size Distribution

250 grants across all recorded years

96<$50K44$50–100K44$100–250K30$250–500K14$500K–1M22$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

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

NameTitleHoursCompensation
JANINE RACANELLIPRESIDENT & DIRECTOR1
BARBARA DALIODIRECTOR1
MATTHEW DALIODIRECTOR1
MARK DALIODIRECTOR1
LISA SAFIANTREASURER1
GRETCHEN WAGNERSECRETARY1

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 training

A $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 training

Professional learning grants awarded to 153 Connecticut teachers

153 Connecticut Teachers Awarded Professional Learning Grants

Subject Areas

Focus areas based on grantmaking activity

Related Funders

Similar funders by location and focus area

Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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