"The Foundation has allowed us to maintain exemplary student outcomes and build organizational capacity to support future expansion."
-Sarah Hemminger, Cofounder, Thread, Baltimore, Maryland
AREAS OF INTEREST
Strategically uplifting communities
The Foundation is committed to supporting long-term community impact in the following areas:
The T. Rowe Price Foundation aims to be a strong collaborator in communities where T. Rowe Price associates live and work and beyond. We believe partnership is the most effective way for our communities to realize positive change and that our community partners are best equipped—better than we are—to decide how their resources and assets should be utilized. Our experience shows that it is important to measure impact through our grantmaking as well as through our practices; the “how” we work and what we bring to community. We recognize that meaningful and lasting change cannot happen overnight, and we remain deeply committed to the long-term success of our grantees and partners in community.
For most grants, our team will approach an organization directly to invite them to submit a grant proposal. Throughout the year we also review unsolicited grant proposals that align to our giving areas. Our grants are unrestricted for general operating purposes to help expand an organizations’ mission and ability to do their important work. Our funding primarily supports organizations in Baltimore as well as in Colorado Springs, San Francisco and New York that have an approved nonprofit status [Internal Revenue Service 501(c)(3) sections 509(a)(1), 509(a)(2) and qualifying 509(a)(3) supporting organizations] or that are fiscally sponsored by a 501(c)(3) public charity.
The following steps outline the grant making process:
Growth in Recent Giving
Our Commitment to Impact
Since 2016, the Foundation has hosted capacity building workshops and cohort learning opportunities for nonprofits designed to strengthen the delivery of their services and their ability to deliver on their mission. To date, more than 2,000 participants from over 275 organizations have participated.
To help address underinvestment in West Baltimore, the Foundation committed $1.3 million over three years.
- Watch video to learn about our work
The Bmore CoLab, supported by the T. Rowe Price Foundation, brings together nonprofits providing a variety of community services focused on empowering entrepreneurship and financial well-being in Baltimore.
All data as of December 31, 2019, unless otherwise stated.
All currency stated in U.S. dollars.
1Charitable gifts made by our associates outside the U.S. are matched by T. Rowe Price Group, Inc. Total matching gift numbers may be higher than what is shown in this chart.
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