Ray & Barbara Dalio :- Giving

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At first, we experienced the worry about not being able to take care of the basics. When we earned more money, we experienced relief and then the diminishing benefits of having more money. We learned that beyond having enough money to help secure the basics – quality relationships, health, stimulating ideas, etc. – having more money, while nice, wasn’t all that important. We experienced directly what the studies on happiness show – that once the basics are covered there is no correlation between how much money one has and how happy one is – but there is a high correlation between having meaningful work and meaningful relationships to one’s health and happiness.

 

Lineage

  1. Giving Pledge
    • Ray and Barbara Dalio
      • Giving Pledge
        Date Published:- 2011-April
        Link
    • Giving Pledge
      Date Published:- 2012-December-23rd
      Link
  2. Ray Dalio
    • Ray Dalio
      Date Published:- 2018-June-28th
      Link

 

Barrons

Bridgewater’s Ray Dalio Commits $50 Million to Address Health Justice

Published: Oct. 14, 2020 at 5:39 p.m. ET
Link

  1. Wealth
    • The 71-year-old Dalio is the founder of the world’s biggest hedge fund firm, Bridgewater Associates, which has approximately $140 billion assets under management. He has a net worth of $16.9 billion, by Forbes’ estimates.
  2. Equitable
    • Multi-faceted
      • According to a foundation spokesperson, the Dalios have been involved, via their foundation that was established in 2003, in a number of initiatives to provide equal opportunity in education, healthcare, and income in the country.
    • Grants
      • In addition, their foundation has provided grants to charitable organizations to address financial inequality, which include Grameen America, a microfinance organization that supports entrepreneurial woman living in poverty; Robin Hood, the largest poverty alleviation organization in New York City; Harlem Children’s Zone, a program that targets poverty in Harlem, New York; and the Bail Project, which is a revolving bail fund aimed at creating a more equitable pretrial system.
    •  Education
      • The couple also is involved in improving public education in Connecticut, where Bridgewater Associates is headquartered.
    • Healthcare
      • Billionaire hedge-funder Ray Dalio, who has been outspoken on the topic of social inequality in the U.S., has funded a new center at NewYork-Presbyterian Hospital in Manhattan to address health justice.
      • The Dalio Center for Health Justice, funded by a $50 million grant from Dalio Philanthropies, the charity vehicle for Dalio and his wife, Barbara, launched Wednesday. Among the center’s priorities will be reducing health disparities that disproportionately affect communities of color.
      • “Our goal is to contribute to equal healthcare and equal education because we believe that these are the most fundamental building blocks of equal opportunity and a just society,” Dalio said in a statement.
      • In addition to the center at the NewYork-Presbyterian Hospital, where Dalio serves as a trustee, Dalio Philanthropies has provided grants to HealthCorps., a New York-headquartered non-profit whose mission is to strengthen communities with innovative approaches to health and wellness; and GirlTrek based in Washington, D.C., the largest public health nonprofit for Black women and girls in the U.S.
  3. Charity
    • So far, the Dalios have contributed more than $5 billion to their foundation, which has made more than $1 billion in grants to charitable organizations.
    • Giving Pledge
      • In 2011, the Dalios signed the Giving Pledge, a campaign led by Bill Gates and Warren Buffett to get the world’s richest people to give a majority of their wealth to philanthropy.
  4. Advocacy
    • Dr. Julia Lyasere, who will be leading the center.
      • “We are committed to improving the health and well-being of our patients and communities through research, dialogue and education, equity in our clinical operations, investment in our communities and advocacy for national change,” said Dr. Julia Lyasere, who will be leading the center.
  5. Giving in Secret
    • The Dalios were not available for further comment.

 

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