The Dalio Foundation was established in 2003 by Queens, New York native Ray Dalio, who runs one of the most successful hedge funds in the country, Bridgewater Associates. The Foundation’s giving is accomplished as a self-described “family activity that reflects the diverse philanthropic interests of Dalio family members.” The foundation “supports organizations at all stages of development, from start-ups in need of seed capital to well-established institutions that can bring big and novel ideas to fruition.” Meditation and mental health is a priority for Dalio, but the foundation also supports education, ocean exploration and awareness, scaling impact through computing, financial inclusion, child welfare and capacity building in China, and community activities and the arts.
Education is a priority. The foundation supports organizations such as Achievement First, a charter school network in New York, and Teach for America. Other past grantees include Bronx Success Academy Charter School, Harlem Children's Zone, Harlem School of the Arts, and New Visions Public Schools. Harlem Children's Zone received a grant to support a music education partnership with Jazz at Lincoln Center.
The Dalio Foundation also supports a number of different higher education institutions in New York. NYU's Tisch School of the Arts has received funding to endow the Dalio Talent Identification Fund for film students. Dalio also funds New York University, Cooper Union, and New York Cornell Medical Center.
The foundation has also funded programming between the Robin Hood Foundation and Grameen America. Foundation support also goes to a wide range of 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’ funding of the arts and music appears focused on New York City. The foundation gives to prominent
While the Foundation’s programmatic areas are broad, the criteria for selection are clearly specified and strictly followed.
Proposals are initiated internally and vetted by the professional staff and experts who provide their recommendations. The Board makes decisions as a committee. The Foundation does not accept unsolicited proposals or donation requests, and such solicitations will not be considered by the Board.
From the founding of the Dalio Foundation in 2003 to date, the Dalio family has given over $1.32 billion in funding to the Dalio Foundation to support philanthropy.