Dalio Foundation Inc
Dalio Foundation Inc is a private foundation based in Westport, Connecticut, and files Form 990-PF. The Dalio family established the foundation in 2003; it later became part of Dalio Philanthropies, which organizes the family’s giving. Its grantmaking spans multiple areas, including education and youth, economic opportunity, and ocean research and protection.
Dalio Foundation Inc at a glance
In short: Dalio Foundation Inc gave $50.9M across 214 grants in 2024 (avg $238K), top state New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $50,888,478
- +732.7% vs 2023
- Grants made (2024)
- 214
- +1158.8% vs 2023
- Average grant
- $237,797
- -33.8% vs 2023
- Median grant
- $40,000
- Total assets
- $1,665,091,766
- +8.0% vs 2023
- Primary geography
- New York (36% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Dalio Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests; it makes contributions only to preselected charitable organizations.
- Contact
Mailing address: Co Dfo One Glendinning Place 100, Westport, CT 06880
Phone: (203) 291-5000
Website: https://www.daliophilanthropies.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Dalio Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Tisbest Philanthropy ($6.9M). Together the top 10 received $26.7M.
Organizations only. It also paid 1 grant to individuals ($250,000), which are not listed by name.
Grant Size Distribution
413 grants across all recorded years
The most common grant size was under $50K: 203 grants of 413 (49%).
Geographic Focus
Where this funder awards grants
The foundation is based in Westport, Connecticut. In 2024, 25% of grant dollars went to recipients in Connecticut, 36% to New York, 16% to Washington, 7% to Florida, and 6% to the District of Columbia. Dalio Philanthropies also describes work with global partners on ocean awareness, education, and research.
Grant Distribution by State
Share of 2024 grant dollars across all 214 itemized grants.
States
Cities
How Dalio Foundation Inc gives
- Giving grew 558% from 2021 to 2024. Method
- In 2024 it paid out 74% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $5.3M (2022) to $50.9M (2024). In 2024 it made 214 grants totaling $50.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Tisbest Philanthropy Seattle, WA | To Support a Program to Encourage Giving | $6,901,200 |
| New York-Presbyterian Fund Inc New York, NY | To Support General Operations | $5,000,000 |
| Rockefeller Philanthropy Advisors Inc New York, NY | Restricted to support an international collaborative dedicated to preserving ocean health | $3,000,000 |
| Saint Andrews School of Boca Raton Inc Boca Raton, FL | Restricted to Support the Endowment Campaign | $3,000,000 |
| Greenwich Town Party Inc Old Greenwich, CT | Restricted to Support the 2024 Greenwich Town Party | $2,250,000 |
| Connecticut Rise Network Inc New Haven, CT | To Support General Operations | $2,000,000 |
| David Lynch Fdn for Consciousness-Based Education and World Peace New York, NY | To Support General Operations | $1,025,000 |
| Center for Strategic and International Studies Inc Washington, DC | Restricted to Support the Endowment Campaign | $1,000,000 |
| Compass Youth Collaborative Inc Hartford, CT | To Support General Operations | $1,000,000 |
| Domus Kids Inc Stamford, CT | To Support General Operations | $1,000,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,665,091,766 | $80,032,761 | $68,206,727 | $50,888,478 | 214 | $59,229,224 | $87,727,561 | $79,758,678 |
| 2023 | $1,541,767,086 | $-10,389,717 | $29,307,967 | $6,111,078 | 17 | $17,232,952 | $14,493,741 | $75,352,167 |
| 2022 | $1,512,314,519 | $131,303,915 | $19,149,780 | $5,285,872 | 36 | $12,361,424 | $225,853,137 | $72,203,651 |
| 2021 | $1,484,061,978 | $687,569,757 | $16,899,426 | $7,734,414 | 24 | $12,640,437 | $77,965,358 | $48,768,855 |
| 2020 | $804,361,145 | $122,254,499 | $38,321,919 | $32,796,918 | 122 | — | $121,969,977 | $45,383,018 |
Under IRS private-foundation payout rules, Dalio Foundation Inc reported a distributable amount of $79.8M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
Dalio Philanthropies describes its work as wide-ranging rather than focused on a single mission. Its stated commitments include education, economic empowerment, digital access, and exploring and protecting the oceans. Its operating programs include Dalio Education, which works with Connecticut educators, schools, nonprofits, and communities; Endless, which promotes digital access and technology skills; and OceanX, which focuses on ocean exploration, science, education, and storytelling.
The foundation’s 2024 grants show support for organizations with varied purposes. Connecticut RISE Network says its mission is to help students graduate with a plan and the skills and confidence for college and career success. TisBest Philanthropy says it connects businesses and individuals with causes by replacing gifts of “stuff” with gifts of “good.” Nia Tero Foundation says it works alongside Indigenous peoples to support their guardianship of vital ecosystems. Other 2024 recipients included a hospital-affiliated charitable fund, a school, community organizations, and a university.
Grantmaking
In filing year 2024, the foundation reported 214 grants totaling $50,888,478. Grants ranged from $1,000 to $6,901,200, with a median grant of $40,000. Among the largest awards were $6,901,200 to TisBest Philanthropy to support a program encouraging giving; $5,000,000 to New York-Presbyterian Fund Inc for general operations; and $3,000,000 to Rockefeller Philanthropy Advisors Inc for an international collaborative focused on ocean health. Other large grants included $3,000,000 to Saint Andrew’s School of Boca Raton Inc for its endowment campaign, $2,250,000 to Greenwich Town Party Inc, and $2,000,000 to Connecticut RISE Network Inc for general operations.
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Raymond T. Dalio as president and director. Barbara Dalio, Mark Dalio, and Matthew A. Dalio are listed as directors. Janine Racanelli is executive director, treasurer, and secretary; Lisa Safian is assistant treasurer.
Dalio Foundation Inc is led by Janine Racanelli, Executive Director, Treasurer & Secretary on every filing since 2020; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Janine Racanelli
Executive Director, Treasurer & Secretary
On filings since 2020
1 hr/week
No compensation reported
Raymond T. Dalio
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 A. Dalio
Director
On filings since 2020
1 hr/week
No compensation reported
Mark Dalio
Director
On filings since 2022
1 hr/week
No compensation reported
Lisa Safian
Assistant 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.
Frequently asked questions about Dalio Foundation Inc
How much does Dalio Foundation Inc give each year?
Dalio Foundation Inc gave $50.9M across 214 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $6.1M across 17 grants.
What is Dalio Foundation Inc's typical grant size?
Dalio Foundation Inc's median grant in 2024 was $40,000, and its average grant was $237,797, across 214 grants on its 2024 IRS Form 990-PF.
Where does Dalio Foundation Inc give grants?
Dalio Foundation Inc's top state is New York, with 36% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Connecticut (25%) and Washington (16%). The most frequent recipient cities were New York, NY (44 grants), Hartford, CT (24 grants), Washington, DC (12 grants) and New Haven, CT (11 grants).
Does Dalio Foundation Inc give general operating support?
Yes: 46% of Dalio Foundation Inc's 2024 grants with a stated purpose (98 of 214) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Restricted to Support the David Hunter Tribute Fund" (6 grants).
Who are Dalio Foundation Inc's largest grantees?
Dalio Foundation Inc's largest 2024 grantees include Tisbest Philanthropy ($6,901,200), New York-Presbyterian Fund Inc ($5,000,000) and Saint Andrews School of Boca Raton Inc ($3,020,000 across 2 grants), according to its 2024 IRS Form 990-PF. It also paid 1 grant to individuals ($250,000), which are not listed by name. Together they received 29% of its itemized 2024 grant dollars.
How large is Dalio Foundation Inc?
Dalio Foundation Inc reported $1.7B in total assets on its 2024 IRS Form 990-PF. It paid out $59.2M in qualifying distributions that year, against a required minimum of $79.8M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Dalio Foundation Inc fund?
Dalio Philanthropies describes its work as wide-ranging rather than focused on a single mission. Its stated commitments include education, economic empowerment, digital access, and exploring and protecting the oceans. See mission & focus areas ↑
How do I apply for a grant from Dalio Foundation Inc?
The foundation does not accept unsolicited requests; it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Dalio Foundation Inc's EIN?
Dalio Foundation Inc's EIN (Employer Identification Number) is 43-1965846. IRS Form 990 filing data is available on this page for 2020–2024.
Does Dalio Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2024)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Dalio Foundation Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
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Cite this profile
Grantable. (2026). Dalio Foundation Inc funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/dalio-foundation-inc-morg_d4766c6c12fe42c38ce57c36d242753c
BibTeX
@misc{grantable_431965846_2026,
author = {{Grantable}},
title = {{Dalio Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/dalio-foundation-inc-morg_d4766c6c12fe42c38ce57c36d242753c},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Dalio Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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