By Anne White
The Greenwich Town Party (GTP), a beloved annual tradition, is poised to continue for generations to come thanks to a newly established endowment fund. During this year’s celebration, the GTP Board of Directors unveiled plans for an endowment that to help support the financial future of the event.
Philanthropist and GTP Founder Ray Dalio, 74, has been the driving force behind the party’s success. For the past 13 years, Dalio has provided substantial financial support, along with the help of generous patrons and sponsors. This year, he has pledged to match all donations up to $5 million, establishing an $10 million endowment.
The GTP has grown into a major local event since its inception, featuring live music, food, and entertainment. It has attracted high-profile performers and drawn large crowds, making it a highlight of the town’s social calendar.
The endowment fund is designed to cover costs and safeguard the party’s future. The GTP Board of Directors is reaching out to the community, urging supporters to contribute at all levels to help achieve the fundraising goal.
The announcement of the endowment was met with enthusiasm from attendees, many of whom have cherished the annual event as a highlight of their year. Local business owners and community leaders have also expressed their support, recognizing the positive impact the GTP has on the town’s economy and social fabric.
Donations can be made through the GTP’s official website, greenwichtownparty.org. The site provides details on how to contribute and the benefits of different levels of sponsorship. With Dalio’s matching pledge, each donation has the potential to double in impact, making this an opportune moment for supporters to get involved.
In addition to individual contributions, the GTP Board of Directors is seeking partnerships with local businesses and philanthropic organizations. They aim to create a broad base of support that will ensure the party’s longevity and continued success.
As the sun set over Greenwich Harbor late last month, marking the end of another memorable Greenwich Town Party, the promise of a secure future for the event brought a sense of hope and excitement to the community. With the endowment fund in place and the support of passionate residents, the GTP is set to remain a cherished tradition for many years to come.
