Public Dollars without Public Scrutiny

The legislation that authorized the state to fund this new organization specifically defined it as a non-public body that would be exempt from public access requirements. Dalio, whose foundation required this arrangement as a condition of their donation, sees this as a strength, telling the AP that “people will feel more free to be open about disagreeing, coming to consensus,” in private conversations. With four seats on the new nonprofit’s 13-person board, Dalio Philanthropies will surely have a large part in these private deliberations.

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