Ray Dalio gives $100M to State of Connecticut.

[Nostical]

This Greenwich billionaire just gave the largest gift ever received by CT to help lift underachieving (mostly high school) students. I’d love to see a huge gift to UConn to help with their higher education. He’s big into ocean exploration and so is UConn. Go get it Susan! You’ll soon be his neighbor.

.Bridgewater Founder’s Foundation Gives Connecticut $100 Million Donation

 

[Nostical]

Who knows if it will be successful. Zuckerberg gave $100M to Newark NJ for same purpose but word is the money got squandered by the pols.
Billionaire philanthropists Ray Dalio and Barbara Dalio pledge $100 million to Connecticut’s public schools; on ’60 Minutes’ Sunday

 

[Chin Diesel]

Saw that and was going to post about there being plenty of money inside state of CT to alleviate Uconn's cash problem.

I won't say "solve" the problem because that is systemic but there are a few people who could right the ship and get it heading in proper direction.

 

[Da_Aisijimo_Gou]

Go get it Susan!

wrong person; lame duck’s pretty close to done quacking

 

[uconnphil2016]

This is a thing? Just donating a ton of money to the state?

 

[whaler11]

This is a thing? Just donating a ton of money to the state?

They pledged a $100 million to a new non profit they are starting. The state has to kick in $100 million and they want to raise another $100 million on top of that.

It’s not exactly donating $100 million to the state.

 

[ClifSpliffy]

ray dalio is a good guy. he and the bridgewater folks have a history of being charitable in Connecticut.

 

[uconndogs]

Read his book Principles. Very interesting guy.

 

[coachcap]

Dalio's gotten a lot of press on this subject. The $ 100 million donation was the subject of an article in the Hartford Courant last weekend. Then, on Sunday evening, Dalio & his philosophy & charitable giving was the lead story on "60 Minutes".

 

[ktuck911]

Oh what a joy it would be to become a philanthropist... When having too much money is fun

 

[ktuck911]

This Greenwich billionaire just gave the largest gift ever received by CT to help lift underachieving (mostly high school) students. I’d love to see a huge gift to UConn to help with their higher education. He’s big into ocean exploration and so is UConn. Go get it Susan! You’ll soon be his neighbor.

.Bridgewater Founder’s Foundation Gives Connecticut $100 Million Donation

Please Lord let's hope it gets to the educational system where it's needed most, the public school systems... The saddest part about CT is we're applying less and less financial support to the public school system... The education I got growing up in Norwalk through the 70s & 80s had more support than what kids have now in the same town... sad...

 

[HurricaneDave]

He explains his rationale in this in-depth article on capitalism. Worth reading if you are interested in economics/the economy.

Why and How Capitalism Needs to Be Reformed (Parts 1 & 2)

 

[Nostical]

He explains his rationale in this in-depth article on capitalism.

I’m reminded of a line in the song “If I Were a Rich Man” from Fiddler on the Roof”. Tevye muses that if he were a rich man leaders from the town would ask him important questions hoping to solve big problems. Then he adds “it won’t make one bit of difference if I’m right or if I’m wrong, when you’re rich they think you really know”! So true.

 

[Excalibur]

I’m reminded of a line in the song “If I Were a Rich Man” from Fiddler on the Roof”. Tevye muses that if he were a rich man leaders from the town would ask him important questions hoping to solve big problems. Then he adds “it won’t make one bit of difference if I’m right or if I’m wrong, when you’re rich they think you really know”! So true.

This attitude is what has led to the dismissal of experts as "elites" . . .

 

[LoyalFanCT]

Maybe Susan Herbst could talk to him about naming rights for the business school in exchange for a sizable donation. Maybe $150 million to $200 million is a reasonable exchange.

 

[Pudge]

Who knows if it will be successful. Zuckerberg gave $100M to Newark NJ for same purpose but word is the money got squandered by the pols.
Billionaire philanthropists Ray Dalio and Barbara Dalio pledge $100 million to Connecticut’s public schools; on ’60 Minutes’ Sunday

I prefer to think this is more pointedly on Zuckerberg

There’s a ton of Public Private partnerships that are working. And yes ... I agree with the Governor ... this is the highest form of Citizenship. Bill & Melinda Gates ish. But you’ve proven you can build something valuable: Therefore, make your $100m into something of a legacy. Better than overpaying for portraits of yourself

 

[huskymedic]

Sounds like someone who would be a good fit on the UConn BOT

Gov. Lamont removing board chair Thomas Kruger and others in bid to reshape UConn trustees

 

[LoyalFanCT]

A simple first step is to give the guy an honorary degree. All he would have to do is show up in Storrs and get applause.

 

[Pudge]

A simple first step is to give the guy an honorary degree. All he would have to do is show up in Storrs and get applause.

NOTE
I know there are great Bridgewater principals that are UConn alums

 

[CL82]

Who knows if it will be successful. Zuckerberg gave $100M to Newark NJ for same purpose but word is the money got squandered by the pols.

Well to be fair that is something Newark does pretty well, not Hartford well mind you, but pretty well nonetheless.

 

[uconnbill]

Who knows if it will be successful. Zuckerberg gave $100M to Newark NJ for same purpose but word is the money got squandered by the pols.
Billionaire philanthropists Ray Dalio and Barbara Dalio pledge $100 million to Connecticut’s public schools; on ’60 Minutes’ Sunday

Sadly no shock there.

I don't trust public schools as too many looking for themselves and not the students who need the help

 

[BlueandOG]

Who knows if it will be successful. Zuckerberg gave $100M to Newark NJ for same purpose but word is the money got squandered by the pols.
Billionaire philanthropists Ray Dalio and Barbara Dalio pledge $100 million to Connecticut’s public schools; on ’60 Minutes’ Sunday

Sadly no shock there.

I don't trust public schools as too many looking for themselves and not the students who need the help

That is not my experience.

 

[ktuck911]

Sadly no shock there.

I don't trust public schools as too many looking for themselves and not the students who need the help

How is this allowed????

 

[superjohn]

Well to be fair that is something Newark does pretty well, not Hartford well mind you, but pretty well nonetheless.

That really isn't true. Ray Chambers has done awesome things for Newark and it's schools for a long time. He funded my friend's Boys and Girls club and paid for all of his schooling.

 

[Pudge]

Sadly no shock there.

I don't trust public schools as too many looking for themselves and not the students who need the help

You may think this is funny to spout.

Many of us have educators in our family. Teachers. And me ... I am tired of people thinking that the salaries are too high, vacations/summers are easy or they don't accomplish much. First, my Special Ed kid had his life changed by classroom teachers putting in extraordinary effort; not by Doctors/health systems who are "me too" type diagnosis. Then ... I submit that some urban teachers/staff are saints. Yup. I personally watched a woman scoop up dozens of elementary age (mostly girls) from single parent during crack infested years and work to make their lives better.

It is a mixed answer. That is the nature of the work. And I guess I throw social workers in that bucket. But, you do find real solutions in the simply challenging circumstances.