OVERVIEW: The Dalio Family Foundation’s funding interests are broad and go beyond the stated interests listed on its one-page website. Its disease-related grantmaking is no exception.
IP TAKE: Dalio's grantmaking to disease-related organizations remains historically modest.
PROFILE: Hedge fund billionaire Ray Dalio and his family established the Dalio Foundation in 2003. While the foundation’s website doesn’t offer up much information, Dalio has been a big backer of a wide range of philanthropic causes for years. Areas of funding interest include education, music, brain science, and meditation. Dalio’s grants also go to “support the diverse philanthropic passions of each family member.” For instance, it supports brain research, meditation, music and jazz, marine conservation, and diseases, among other interests.
While Dalio does not name diseases as a specific area of grantmaking interest, it awards several related grants each year. Preferring a broad approach to a more specific one, Dalio has invested in diseases such as cancer, ALS, Alzheimer’s, diabetes, autism, and Parkinson’s disease organizations.
Most Dalio grants range from $1,000 to $20,000. Occasionally, it awards grants of $100,000 or more each year. However, it prefers to make several, smaller awards. This is surprising given the amount of money flying out the door at Dalio. However, IP expects Dalio will increase its grantmaking in the coming years. The Dalio Family Foundation does not accept unsolicited grant applications or requests for funding.
- Kevin Ashley, Special Projects Coordinator
- Barbara Dalio, Director
- Ray Dalio, President and Director
- Mary Beth Powers, Vice President, Programs