Dalio Family Fund Inc
- Assets
- $3.1b
- Revenue
- $3.1b
- Investments
- $2.9b
- Employees
- 0
- Location
- Westport, CT
- Founding
- 04/2019
- Data as of
- 12/2019
- 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.
Since 2019, Dalio Family Fund Inc has awarded 117 individual grants totaling $33,229,950. 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
2019
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 SUPPORT AND DIRECTLY CONDUCTING ACTIVITIES THAT PROVIDE TECHNOLOGY ACCESS, EDUCATIONAL AND ARTS AND CULTURAL OPPORTUNITIES FOR CHILDREN IN UNDERSERVED OR DISTRESSED COMMUNITIES.
DEVELOP RESEARCH INTO MENTAL ILLNESS AND MENTAL HEALTH SUPPORT FOR OVERLOOKED AND UNDERSERVED POPULATIONS, INCLUDING INNER-CITY SCHOOLCHILDREN AND VETERANS.
SUPPORT MICROFINANCE AND OTHER FINANCIAL INCLUSION INITIATIVES THAT SEEK TO STRENGTHEN DISADVANTAGED COMMUNITIES IN THE UNITED STATES AND WORLDWIDE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janine Racanelli Director, President | OfficerTrustee | 1.5 | $0 |
Lisa Safian Treasurer | Officer | 1.5 | $0 |
Gretchen Wagner Secretary | Officer | 1.5 | $0 |
Barbara Dalio Director | Trustee | 20 | $0 |
Matthew Dalio Director | Trustee | 0.5 | $0 |
Devon Dalio Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marino Management Prgm Mgmt, Inv, Grant Svcs | 12/30/19 | $5,311,342 |
Ernst & Young Llp Education Initiative Cons. | 12/30/19 | $335,426 |
Shipman & Goodwin Llp Education Init. Legal Svcs | 12/30/19 | $119,346 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,144,268,904 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $3,024,125,633 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,144,268,904 |
| Total Program Service Revenue | $0 |
| Investment income | $1,593,115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$90,891,424 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,054,970,595 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,229,950 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $650,000 |
| 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 | $1,112,160 |
| Fees for services: Legal | $269,370 |
| Fees for services: Accounting | $6,144 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,714,841 |
| Fees for services: Other | $498,232 |
| Advertising and promotion | $0 |
| Office expenses | $4,140 |
| Information technology | $219 |
| 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 | $13,347 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $37,498,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,500 |
| Savings and temporary cash investments | $56,462,967 |
| 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 | $2,500,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $35,441,704 |
| Investments—other securities | $2,947,320,152 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,623,875 |
| Total assets | $3,059,403,198 |
| Accounts payable and accrued expenses | $1,937 |
| 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 | $1,937 |
| Net assets without donor restrictions | $3,059,401,261 |
| 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 | $3,059,403,198 |
Grants Awarded
Over the last fiscal year, Dalio Family Fund Inc has awarded $33,229,950 in support to 117 organizations.
| Grant Recipient | Amount |
|---|---|
Jenkintown, PA PURPOSE: RESTRICTED TO POLIO ERADICATION PROJECTS | $5,000,000 |
New York, NY PURPOSE: TO SUPPORT GENERAL OPERATIONS | $5,000,000 |
Fairfield, IA PURPOSE: RESTRICTED TO SUPPORT THE EXPANSION OF THE UNIVERSITY OF CHICAGO'S CRIME LAB STUDY OF QUIET TIME TO NEW YORK SCHOOLS | $3,000,000 |
New Haven, CT PURPOSE: TO SUPPORT GENERAL OPERATIONS | $2,000,000 |
Old Greenwich, CT PURPOSE: RESTRICTED TO SUPPORT THE 2020 GTP | $1,000,000 |
Rochester, MN PURPOSE: TO SUPPORT GENERAL OPERATIONS | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rising Ground Inc Brooklyn, NY | $71,517,149 | $120,594,119 |
Catholic Charities Neighborhood Services Inc Brooklyn, NY | $26,716,847 | $107,898,705 |
Heart Share Human Services Of New York Brooklyn, NY | $65,753,594 | $106,848,666 |
Good Shepherd Services New York, NY | $131,514,282 | $114,161,095 |
Community Teamwork Inc Lowell, MA | $31,351,964 | $105,318,164 |
Bowery Residents Committee Inc New York, NY | $50,040,989 | $99,951,486 |
Sheltering Arms Children And Family Services Inc New York, NY | $57,258,126 | $106,457,524 |
Selfhelp Community Services Inc New York, NY | $91,442,424 | $98,328,787 |
South Middlesex Opportunity Council Inc Framingham, MA | $58,219,671 | $100,623,342 |
Educational Alliance Inc New York, NY | $39,399,724 | $45,645,473 |
Jewish Child Care Association Of New York Brooklyn, NY | $98,803,560 | $87,397,397 |
Bronxworks Inc Bronx, NY | $42,392,947 | $85,547,506 |