NewYork-Presbyterian Hospital opened the Dalio Center for Health Justice on Oct. 13 with $50 million of grant funding from the Dalio Foundation Inc., Westport, Conn.
The center is "dedicated to understanding and improving health equity, addressing health justice and driving action that results in measurable improvements in health outcomes for all," with a priority to reduce health-care disparities affecting communities of color, the hospital said in a news release.
Raymond T. Dalio, co-founder of co-CIO of alternatives manager Bridgewater Associates LP, also in Westport, Conn., is a trustee on the hospital's board of directors.
"Our goal is to contribute to equal health care and equal education because we believe that these are the most fundamental building blocks of equal opportunity and a just society," Mr. Dalio said in the news release.
His family foundation, also known as Dalio Philanthropies, previously awarded grants to the hospital for improvements in cardiovascular imaging and development of integrative health programs.
"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 Julia Iyasere, head of the new Dalio Center, in the release.
Ms. Iyasere said in addition to improving the health of the hospital's patients and local communities, the center also will advocate for improvements in health justice nationwide.
The size of Dalio Philanthropies could not be learned. The Dalio family has donated more than $5 billion to the foundation, according to the foundation's website.
Bridgewater Associates manages about $148 billion in hedge fund and risk-premium strategies for institutional investors.