An epoxy functionalized surfactant composition including a reaction product of: (a) a hydrophilic material and (b) an epoxy resin hydrophobe material having an average molecular weight of greater than about 370 Daltons; the above epoxy functionalized surfactant composition being used to prepare a waterborne epoxy dispersion composition including (A) the above epoxy functionalized surfactant composition, (B) an epoxy resin, and (C) water; and processes for preparing the epoxy functionalized surfactant composition and the above waterborne epoxy dispersion composition.