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Nonprofit · EIN 83-1575536

DALIO FAMILY FUND INC

Tax-exempt · WESTPORT, CT 06880

Financials

$69.5M$195.3M2023$806.9M$96.9M2024
Revenue Expenses · by fiscal year end
Financials of DALIO FAMILY FUND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$806,892,040$96,903,990$709,988,050$4,039,494,510$11,929$4,039,482,581
December 31, 2023990$69,545,101$195,331,019-$125,785,918$3,239,856,131$20,611$3,239,835,520
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$760,315,060
Program service revenue
$0
Investment income
$46,576,980
Net gain from sales of assets
$6,444,768
Other revenue
$0

Expenses

Grants and similar amounts paid
$73,981,225
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$1,085,817
Accounting fees
$80,915
Occupancy
$255,127
Travel
$56,444
Depreciation
$11,124
Program services (functional)
$85,083,439
Management and general (functional)
$11,820,551

Balance sheet and other

Total assets, start of year
$3,239,856,131
Total assets, end of year
$4,039,494,510
Total liabilities, end of year
$11,929
Net assets, end of year
$4,039,482,581
Land, buildings and equipment
$55,281
Publicly traded securities
$43,550,777
Net assets without donor restrictions
$4,039,482,581
Gross receipts
$1,640,006,000
Employees
0
Volunteers
6
Year formed
2018
State of legal domicile
DE

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
JANINE RACANELLIPRESIDENT & DIRECTOR
Trustee or director, Officer
1$0
BARBARA DALIODIRECTOR
Trustee or director
1$0
MATTHEW DALIODIRECTOR
Trustee or director
1$0
MARK DALIODIRECTOR
Trustee or director
1$0
LISA SAFIANTREASURER
Officer
1$0
GRETCHEN WAGNERSECRETARY
Officer
1$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
JANINE RACANELLIDIRECTOR, PRESIDENT
Trustee or director, Officer
1.5$0
BARBARA DALIODIRECTOR
Trustee or director
1$0
MATTHEW DALIODIRECTOR
Trustee or director
1$0
MARK DALIODIRECTOR
Trustee or director
1$0
LISA SAFIANTREASURER
Officer
1$0
GRETCHEN WAGNERSECRETARY
Officer
1$0

Address and contacts

Address (IRS master file)
CO DFO ONE GLENDINNING PLACE 100, WESTPORT, CT 06880-0000
Mailing address (990-N for 2018)
ONE GLENDINNING PLACE, WESTPORT CT 06880
Principal officer (990 for 2024)
JANINE RACANELLI, C/O DFO ONE GLENDINNING PLACE 100, WESTPORT, CT 06880
Principal officer (990-N for 2018)
JANINE RACANELLI, ONE GLENDINNING PLACE, WESTPORT CT 06880
Signed the 990
JANINE RACANELLI, PRESIDENT
Phone
(203) 291-5000
Return prepared by
CLARK NUBER PS

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.

990 for the year ended December 31, 2024

Program accomplishments

  • OCEANS & ENVIRONMENT: SUPPORT GROUNDBREAKING EXPLORATION, SCIENTIFIC RESEARCH AND EDUCATION AIMED AT DEVELOPING A GREATER UNDERSTANDING AND APPRECIATION OF THE OCEANS AND ENVIRONMENT. ENABLE GREATER PROTECTION OF THE OCEANS FOR THE BENEFIT OF PEOPLE GLOBALLY, INCLUDING POPULATIONS THAT DEPEND ON THEM FOR THEIR SUSTAINABILITY. SUPPORT PROGRAMS THAT INSPIRE THE NEXT GENERATION OF OCEAN EXPLORERS AND PROBLEM SOLVERS TO ADVANCE KNOWLEDGE OF THE OCEAN AND ITS MANY CREATURES.
    Expenses $36,827,417 · grants $33,571,514
  • HEALTH & WELLNESS: SUPPORT ACCESS TO QUALITY HEALTHCARE AND WELLNESS THROUGH RESEARCH, EDUCATION, IMPROVED ACCESS TO QUALITY HEALTHCARE, MENTAL HEALTH SERVICES, AND OTHER SUPPORTING SERVICES FOR TRADITIONALLY UNDER-RESOURCED COMMUNITIES.
    Expenses $18,203,195 · grants $16,643,450
  • 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.
    Expenses $15,891,626 · grants $10,775,647
  • ARTS & COMMUNITY: SUPPORT LOCAL ORGANIZATIONS AIMED AT DEEPENING COMMUNITY AROUND THE ARTS, MUSIC AND CULTURE. ASSIST OTHER COMMUNITY ORGANIZATIONS SUCH AS FOOD PANTRIES AND SHELTERS TO ENSURE THE BASIC NEEDS OF THE COMMUNITY ARE MET.
    Expenses $9,751,705 · grants $8,945,614
  • ECONOMIC EMPOWERMENT: SUPPORT FOR ORGANIZATIONS THAT HELP PROVIDE COMMUNITIES WITH A RANGE OF OPPORTUNITIES TO HELP BUILD THEIR OWN CAPACITY, SELF-SUFFICIENCY AND RESILIENCE INCLUDING GREATER ACCESS TO CAPITAL AND SUPPORTING SERVICES.
    Expenses $4,409,496 · grants $4,045,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
83-1575536
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
2019
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$4,039,494,510
Income (IRS master file)
$1,640,006,000

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$806,892,040$96,903,990$4,039,494,510XML
990December 2023$69,545,101$195,331,019$3,239,856,131XML
990December 2022$82,333,236$116,269,603$3,312,837,043IRS
990December 2021–––IRS
990December 2020–––IRS
990-N for 2018
Officer: JANINE RACANELLI
December 31, 2018≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 83-1575536).

Questions about DALIO FAMILY FUND INC

What is the EIN of DALIO FAMILY FUND INC?
The employer identification number (EIN) of DALIO FAMILY FUND INC is 83-1575536.
Is DALIO FAMILY FUND INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2019.
Are donations to DALIO FAMILY FUND INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does DALIO FAMILY FUND INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of DALIO FAMILY FUND INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DALIO FAMILY FUND INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of DALIO FAMILY FUND INC?
The 990 for the year ended December 31, 2024 names JANINE RACANELLI.
Who are the officers and directors of DALIO FAMILY FUND INC?
The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does DALIO FAMILY FUND INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $806,892,040, expenses of $96,903,990 and total assets of $4,039,494,510 at year end.

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