Dalio Family Fund Inc

Nonprofit profile at a glance

EIN
831575536
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-N 2018
Location
Westport, CT, USA
Phone
2032915000
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Service Organizations

Reported finances

Revenue
$806,892,040
Expenses
$96,903,990
Assets
$4,039,494,510
Liabilities
$11,929

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • JANINE RACANELLI (PRESIDENT & DIRECTOR)

People named in this filing

  • JANINE RACANELLI (PRESIDENT & DIRECTOR)
  • BARBARA DALIO (DIRECTOR)
  • MATTHEW DALIO (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Dalio family fund is organized and shall be operated exclusively for the promotion of social welfare. Specifically the fund will work to foster, support, promote and conduct programs, projects and activities designed to benefit, sustain and improve diverse and (see schedule o) underserved communities throughout the world, including in the areas of education, environmental protection, oceanic exploration and awareness, healthcare, child welfare, economic empowerment, and the arts.

What it reported doing in 2024

Education: provide grants and programming to improve access to educational opportunities for all through direct engagement with public school communities and technology driven access to learning. By championing underserved youth in Connecticut and beyond, we strive to unlock students' potential and reengage youth who are severely off-track or disconnected from school and employment. Through programs that increase access to the internet, devices and gaming, we seek to bridge the digital divide in learning.

Operating model

Revenue model
Donor-supported. 95% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 87% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 38
  • Transparency & Controls: 88
  • Accountability: 88
  • Sustainability: 99
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 15.1%; rating input score 15
  • Program expense ratio: 87.8%; rating input score 88
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 3 of 8 controls in place; rating input score 38
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Pass
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Pass
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 88%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 41.69; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 98; 98th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 98; 98th percentile among comparable filings

Growth

  • Program expense growth: 12.3% per year; rating input score 100; 82nd percentile among comparable filings
  • Revenue growth: -43% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: 3.4% per year; rating input score 100; 23rd percentile among comparable filings

Details

  • Where the money goes: 15.1% of revenue deployed · 87.8% of spending went to programs
  • Governance: 4 of 4 board members independent · 5 of 7 filing controls reported
  • Programs: 5 filed program accomplishments · $85.1M in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Highest-paid contractors: 5 contractors listed · $23.2M reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 8 filed schedules · includes major donors, foreign activity, grants, and related organizations
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 105 filed money-flow records
  • Related organizations: 115 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 15/100.
  • Moderate — Transparency & Controls: Foreign activity oversight: 5 of 8 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.