OVERVIEW: The Dalio Foundation awards grants to support diverse global development causes.
IP TAKE: This foundation maintains a low public profile but it has very deep pockets. That coupled with a pledge of bigger giving to come, makes this a funder to watch.
PROFILE: Ray Dalio established the Dalio Foundation in 2003. Located in Connecticut, the foundation makes hundreds of grants per year. It predominately gives to projects that support mental health, education, ocean exploration and awareness, community and the arts, financial inclusion and child welfare in China. As a signatory of the Giving Pledge, Dalio and his wife Barbara are set to give away more than half of their money to philanthropy, and the Dalio Foundation’s giving reflects the interests of the Dalio family.
Although the foundation has specified grantmaking priorities, the website states “[o]ther family members support a wide range of other interests, including social enterprises, medical research with a special focus on the heart and mind, brain science, meditation, and music heritage with an emphasis on jazz and blues.”
Dalio grants can range anywhere from $10,000 to over $1 million. Most grants, however, fall in the $20,000 to $200,000 range. Past Dalio grantees include the Grameen Foundation, a microfinance organization that helps the poor across the world and the Save Darfur Coalition.
The foundation does not accept unsolicited grant applications or requests for funding.
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