Billionaire Ray Dalio’s Foundation Funds $50 Million ‘Health Justice’ Center To Curb Health Disparities Affecting Minorities

  • 📰 Forbes
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 53%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

A $50 million gift from billionaire hedge-fund manager Ray Dalio's Dalio Philanthropies is funding a new center for health justice at NewYork-Presbyterian by skleb1234

estimates to be worth $16.9 billion—is the founder of the world's biggest hedge fund firm, Bridgewater Associates, which manages roughly $140 billion in assets. He launched Dalio Philanthropies, his charitable foundation, in 2003 and 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, in 2011.

“We found taking our excesses and providing it to others who have an extreme shortage has been both a good investment and a great satisfaction,”The Dalios have given more than $5 billion to Dalio Philanthropies since 2003, according to their website. The foundation says it has given more than $900 million of the funds away so far, to causes including inner-city education, financial literacy, environmental protection as well as technology access and education.

The concept of health justice is not a new one—it has been a steadily growing trend in recent decades and has gained more attention recently due to the coronavirus pandemic. It revolves around the idea that everybody deserves equal rights and opportunities when it comes to healthcare. Health justice centers advocate for these causes locally and nationally while also sponsoring community-based health initiatives.

“The COVID-19 pandemic exposed enduring health inequities in a new and alarming way, and the importance of health justice has never been clearer,” said Dr. Julia Iyasere, head of the Dalio Center for Health Justice at NewYork-Presbyterian.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

skleb1234 I’m still trying to understand how capitalism works 🤔

skleb1234 Wonder what type of tax breaks that buys 🤔

skleb1234 Yes but did he donate a measly 10K to my cashapp plea of financial aide? 😅 I promise I’m not bitter 😂

skleb1234 Great to see

skleb1234 EndPoliceBrutalityInNigeriaNow

skleb1234 It would be good if philanthropy came in addition to paying one’s fair share of taxes rather than in lieu of...

skleb1234 An open admission that NY Pres. has been biased in its treatment of people of color

skleb1234 “health justice”

skleb1234 So true . Good for equilibrium Ray .

skleb1234 Thanks for the update Team 👍

skleb1234 'I built this company all on my own, from nothing, with my bare hands and $10million in free funding'

skleb1234 Way to go Ray!! A true inspiration to the shareholder class.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in LAW

Law Law Latest News, Law Law Headlines