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Posts tagged ‘Dalio Philanthropies’

Connecticut Receives $100 Million Donation to Serve Disengaged Youth

Surrounded by hundreds of East Hartford High School students, Governor Lamont today announced that Dalio Philanthropies has committed $100 million to strengthening public education and promoting greater economic opportunity in Connecticut that will, over five years, be matched by $100 million from the state and $100 million from other philanthropists and business leaders.

Governor Lamont addressed the hundreds of high school students and many visitors assembled at East Hartford High School this morning to hear his announcement.

“If you believe in the future of Connecticut, you invest in the future of Connecticut, and we invest in each and every one of you,” Governor Lamont told the high school students. “You’ve got an amazing building, you’ve got a great principal, you’ve got some of the greatest teachers in the world right here at East Hartford High. Let’s give a hand for the teachers. They work their hearts out every day.”

“I’ve been lucky in my life to be able to live the American Dream,” said Ray Dalio, who came from a middle-class background to found of one of the world’s largest hedge funds. “And what it means most fundamentally is equal opportunity, and most fundamentally equal opportunity in education. When you think, what is the best investment you can make, it has to be in the children’s education and the teachers.”

The partnership between the state and Dalio Philanthropies aims to benefit residents of Connecticut’s under-resourced communities, with a specific focus on communities where there is both a high poverty rate and a high concentration of youth (14-24) who are showing signs of disengagement or disconnection from high school. It will work with local stakeholders to ensure that community voice and input shape programming design and help advance positive outcomes as quickly and sustainably as possible. Read more