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Partnering for social good
and enhancing community life.

"The Foundation has allowed us to maintain exemplary student outcomes and build organizational capacity to support future expansion."

-Sarah Hemminger, Cofounder, Thread, Baltimore, Maryland

For more than three decades, the T. Rowe Price Foundation has supported the communities where we work and beyond. With $132 million in direct grants and matching contributions since 1981, the Foundation is committed to making an impact in Baltimore and communities around the globe.


Strategically uplifting communities

The Foundation is committed to supporting long-term community impact in the following areas:

Youth Empowerment

Empowering youth to reach their full potential by:

  • Developing exceptional school leadership, capacity, and instruction
  • Advancing student achievement of grade level reading
  • Supporting learning, personal development, and post-secondary success through multi-faceted, multi-year programs

Creativity & Innovation

Advancing creativity and innovation, including:

  • Advancing artistic and creative disciplines including visual art and history, music, and performing arts
  • Addressing community challenges by enhancing community assets and building connections
  • Supporting youth and families through artistic expression

Financial Well-Being

Maximizing social and financial potential by:

  • Innovating local approaches to economic and community development
  • Advancing comprehensive approaches to hunger, poverty, and homeless alleviation
  • Empowering individuals and communities to reach financial success
Our Approach to Philanthropy

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.

Grantmaking Process

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: 

Step 1:

Review our giving areas and contact us or complete a questionnaire to determine Foundation alignment with your organization’s mission.

Step 2:

Connect with a Foundation team member to discuss how we may partner or learn how to submit a simple grant application. We welcome applications that you have already submitted to other funders. 

Step 3:

Continue a partnership with us. Join our mailing list to utilize capacity building offerings, apply for T. Rowe Price volunteerism and pro-bono opportunities, and more.


New to Working with Us

If you’re new to working with us, please answer a few questions to see if your work and our giving areas align.

Click here to download a preview of the Foundation's standard grant application for reference.

Grantee Highlights

The Foundation’s Capacity Building Program offers workshops for grantees within and outside of its grantee network.

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

Innovating Solutions

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.

Our values in action

23 Little Free Libraries across Baltimore were funded by the T. Rowe Price Foundation through a grant to the Fund for Educational Excellence.

One Book Baltimore, a collaboration between the T. Rowe Price Foundation Enoch Pratt Free Library and more than 10 other Baltimore organizations, focused on promoting city-wide conversations about peace and anti-violence.

New Boundaries Coalition and Strength to Love Farm II received a $200,000 grant to increase the accessibility of fresh produce in West Baltimore.

Contact Us

For questions about the T. Rowe Price Foundation, please email

Questions about sponsorships can be directed to

We look forward to connecting with you.

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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