OVERVIEW: Dalio supports research and treatment for mental disorders. Bipolar disorder and depression have been major targets of funding over the years.
IP TAKE: Dalio prioritizes mental health; however, it specifically supports transcendental meditation, which guides much of the foundation's grantmaking in this area. Still, Dalio also supports more traditional organizations, including work on bipolar disorders.
PROFILE: Since the Dalio Foundation was founded in 2003, it has performed its philanthropy as a family reflecting the "diverse interests of the Dalio Family." Originally established by Ray Dalio, who signed the Giving Pledge with his wife Barbara. Dalio was born in Queens and attended Harvard Business School and soon thereafter founded hedge fund company Bridgewater Associates. The company has grown to be one of the most successful hedge funds in the country and Dalio himself has a net worth of over $15 billion.
The couple conducts grantmaking through both the Dalio Foundation and their own interests under the Dalio Philanthropies umbrella. As a result, the foundation prefers to take a broad approach to philanthropy and invests in a variety of grantmaking interests, such as education, ocean exploration and awareness, environmental protection, deploying computing to scale solutions for disconnected communities throughout the world, meditation, mental health and wellness, healthcare, financial inclusion, child welfare and capacity building in China, and community activities and the arts, among others. Thus far, the Dalio Foundation has made over $1.32 billion in grants.
Dalio's mental health grantmaking supports a variety of issues, from transcendental meditation to bipolar support. The foundation's mental health giving heavily funds research and treatment for mental disorders. Bipolar disorder and depression have been major targets of funding over the years. Other areas of interest include Alzheimer’s, cerebral palsy and autism.
When it comes to mental health, Dalio states in his Giving Pledge letter that he and his wife "both support providing meditation to inner-city school children and groups that are under great stress." Dalio describes himself as being a mediocre student who didn't find balance in his life until he took control of his mental well-being. He believes he found himself through meditation and credits his wealth and success to getting this part of his life together. He's even written a book called "Principles," which is part business philosophy and part self-help.
The foundation, however, does not offer detailed information on how to apply for a grant, but it recommends interested parties contact them.
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