The information for Dalio Family Fund Inc is as of the organization's most recent filing in December '21. This organization is located in Westport, CT. It has been in existence for 2 years, following its founding in 2019.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Dalio Family Fund Inc's NTEE code is P20. The "P" tells us that the organization is classified along with Human Service Organizations. The "20" tells us that the organization is engaged in providing a broad range of social services for individuals or families. Human Service Organizations are described as those that provide a variety of services from throughout the P section or services from the P section in combination with services described in other sections. The Dalio Family Fund Inc is governed by section 4 of the Internal Revenue Code, which includes Civic Leagues, Social Welfare Organizations, and Local Associations of Employees. The mission of the organization is to foster, support, promote, and conduct programs, projects, and activities.
Program Area 1: Within the organization's general fund, grants are provided to enable more equitable education, access to educational technology, economic inclusion, and access to the arts and other services in traditionally underserved domestic communities. This program area also encompasses reporting all revenues, support, and functional expenses that are not specifically reported by another fund or program.
Program Area 2: This program area focuses on supporting health equity and wellness by providing resources for research, education, improved access to quality healthcare, mental health services, and other supporting services for traditionally underserved communities.
Program Area 3: This program area focuses on supporting scientific research and education to develop a greater understanding and appreciation of the oceans. It aims to enable greater protection of the oceans for the benefit of people globally, including marginalized populations that depend on them for their sustainability.
Dalio Family Fund Inc is run by Janine Racanelli, who is the Director and President of the organization. The organization does not have any employees and none of the employees are paid over $100k per year. However, the organization is supported by a small team of 5 volunteers.
The Dalio Family Fund Inc, a non-profit organization, appears to be well-governed based on the provided information. The organization has a small number of voting members, all of whom are independent, indicating a level of impartiality in decision-making. This ensures that the organization's interests are prioritized over individual interests. The presence of a conflict of interest policy demonstrates the organization's commitment to transparency and ethical conduct. By requiring disclosure of conflicts and documenting both board and committee meetings, the organization ensures that potential conflicts are addressed and decisions are made in a fair and accountable manner. The organization's adherence to a written whistleblower policy and document retention policy further highlights its commitment to ethical standards and accountability. These policies provide mechanisms for reporting misconduct and safeguarding important organizational records. However, it is worth noting that the organization does not substantiate or review leadership and officer's salaries. This lack of oversight may raise questions about the fairness and appropriateness of compensation within the organization. Nonetheless, the organization's practice of providing copies of the 990 to the board prior to filing demonstrates a commitment to financial transparency and accountability. Overall, the Dalio Family Fund Inc appears to have a well-governed structure, with policies and practices in place to ensure transparency, accountability, and ethical conduct.
Our dataset includes three years of grant history for the Dalio Family Fund Inc. Over the course of those three years, they have awarded a total of 516 grants, with an average check size of $396,264. The organization awards an average of 172 grants each year. The majority of their grants, 490 in total, have been awarded in the Human Services sector. In terms of geographic distribution, the organization has awarded grants in multiple states, with the highest number of grants awarded in Connecticut (185), followed by New York (147), California (52), and Massachusetts (29), among others.
The Dalio Family Fund Inc, a nonprofit organization, has experienced mixed growth over the given time period. While the contributions and grants received by the organization decreased significantly from $3144.3M in 2019 to $743 in 2021, the investment income increased from $-89298309 in 2019 to $134.8M in 2021. Other revenue, which was not meaningful over this time period, remained negligible at $0 in 2019 and $2.9K in 2021. The total revenue of the organization decreased from $3055.0M in 2019 to $134.8M in 2021. On the other hand, grants paid by the organization increased from $33.9M in 2019 to $108.1M in 2021. Additionally, the total expenses of the organization increased from $37.5M in 2019 to $118.8M in 2021. Lastly, the number of total volunteers decreased from 6 in 2019 to 5 in 2021. Overall, while some aspects of the organization have grown, such as investment income and grants paid, other areas have experienced decline, such as contributions and grants received, total revenue, and the number of volunteers.
|Vendor Name (Service)||Service Year||Compensation|
Marino Management Llc
Prgm Mgmt, Inv, Grant Svcs
Bdt Capital Partners Fund 3 (Te) Lp
Investment Mgmt. Fees
Ubs Securities Llc
Prime Brokerage Services
|Statement of Revenue|
|All other contributions, gifts, grants, and similar amounts not included above||$743|
|Noncash contributions included in lines 1a–1f||$743|
|Total Revenue from Contributions, Gifts, Grants & Similar||$743|
|Total Program Service Revenue||$0|
|Tax Exempt Bond Proceeds||$0|
|Net Rental Income||$0|
|Net Gain/Loss on Asset Sales||$100,034,107|
|Net Income from Fundraising Events||$0|
|Net Income from Gaming Activities||$0|
|Net Income from Sales of Inventory||$0|
|Statement of Expenses|
|Grants and other assistance to domestic organizations and domestic governments.||$82,934,325|
|Grants and other assistance to domestic individuals.||$0|
|Grants and other assistance to Foreign Orgs/Individuals||$25,129,665|
|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|
|Fees for services: Management||$0|
|Fees for services: Legal||$261,141|
|Fees for services: Accounting||$35,884|
|Fees for services: Lobbying||$0|
|Fees for services: Fundraising||$0|
|Fees for services: Investment Management||$5,579,028|
|Fees for services: Other||$4,730,023|
|Advertising and promotion||$0|
|Payments of travel or entertainment expenses for any federal, state, or local public officials||$0|
|Conferences, conventions, and meetings||$0|
|Payments to affiliates||$0|
|Depreciation, depletion, and amortization||$0|
|All other expenses||$0|
|Total functional expenses||$118,768,846|
|Savings and temporary cash investments||$28,169,288|
|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||$0|
|Net Land, buildings, and equipment||$0|
|Investments—publicly traded securities||$108,076,808|
|Accounts payable and accrued expenses||$23,424|
|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|
|Net assets without donor restrictions||$3,471,099,019|
|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||$3,471,122,443|
Over the last fiscal year, Dalio Family Fund Inc has awarded $82,868,425 in support to 166 organizations.
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