Connecticut receives largest donation to date

Dalio Philanthropies' Ray and Barbara Dalio gifted Connecticut $100 million.

The funding will be used for a partnership primarily designed to help youth in "under-resourced" communities stay in high school.

"The partnership seeks to raise $300 million over five years: $100 million from the state of Connecticut, matched by $100 million from Dalio Philanthropies and $100 million from other philanthropists and business leaders," a news release states.

Ray Dalio has a net worth of around $16 billion. He's the founder of hedge fund Bridgewater Associates.

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