T Rowe Price Foundation
Accepts applications
T Rowe Price Foundation is a private foundation in Baltimore, Maryland. In tax year 2024 it gave $13.7 million in 249 grants; the typical grant was $15,000 and the largest $5.5 million. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$13.7 million
- Number of grants249
- Typical grant$15,000
- Largest grant$5.5 million
- Assets$93.3 million
- New grantees21%
Giving in 2024 was up from $12.4 million the year before.
21% of its 2024 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $12.4 million | 254 | $96.4 million |
| 2024 | $13.7 million | 249 | $93.3 million |
How to apply
| Contact | Online Proposals Accepted Only 1307 Point Street, Baltimore, MD 21231 |
|---|---|
| Phone or email | (410) 345-3603 |
| What to submit | 1. Organizations can learn about the foundation's areas of focus on the web page and through the online questionnaire web page: https://www.troweprice.com/corporate/us/en/what-sets-us-apart/corporate-resp onsibility/community-commitment/trp-foundation.html questionnaire: https://trpfoundation.force.com/grants/fgm_portal__communitysignupquiz?id=a0 O1I000000OT1D |
| Restrictions | Upon completion of the quiz, if the organization is presented with the opportunity, it can register on our grants portal and submit a proposal. The following information will be requested: a) response to five basic questions about the organization's general philosophy and approach to its work. B) upload of a recently submitted grant proposal c) current operating budget and sources of income d) latest audited financial report (IRS form 990 if audit is not available) e) list of board of directors with affiliations f) intended outcomes of program for which funding is being requested g) amount of funds requested. |
What T Rowe Price Foundation funds
Where it gives
Its grants went to recipients in 9 states, the most to Delaware.
| State | Grants | Amount |
|---|---|---|
| Delaware | 1 | $5.5 million |
| Maryland | 181 | $4.5 million |
| New York | 17 | $870,000 |
| Colorado | 34 | $500,000 |
| California | 6 | $215,000 |
| District of Columbia | 6 | $72,500 |
| Pennsylvania | 2 | $17,500 |
| North Carolina | 1 | $15,000 |
| Massachusetts | 1 | $10,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| American Online Giving Foundation (Aogf) | Multiple purposes | $5.5 million |
| Waterfront Partnership of Baltimore Inc | Creativity and innovation | $370,000 |
| University of Colorado Foundation | Youth opportunity | $207,000 |
| Coppin State College Development Foundation Inc | Financial well-being | $150,000 |
| Neighborhood Trust Financial Partners | Financial well-being | $150,000 |
| National Aquarium Inc | Creativity and innovation | $135,000 |
| Thread | Youth opportunity | $125,000 |
| Boys and Girls Clubs of Metropolitan Baltimore | Financial well-being | $100,000 |
| Echoing Green | Financial well-being | $100,000 |
| Girls Who Invest Inc | Youth opportunity | $100,000 |
| Teach for America | Youth opportunity | $100,000 |
| The Resolution Project Inc | Financial well-being | $100,000 |
| Fund for Educational Excellence Inc | Youth opportunity | $87,500 |
| Arts Every Day | Creativity and innovation | $85,000 |
| The Peale Center for Baltimore History and Architecture | Creativity and innovation | $85,000 |
| Baltimore Corps | Financial well-being | $80,000 |
| Uplift Alliance Inc | Financial well-being | $80,000 |
| Fusion Partnerships Inc | Youth opportunity | $77,500 |
| Baltimore Community Lending Inc | Financial well-being | $75,000 |
| Crisis Text Line Inc | Financial well-being | $75,000 |
| More in Common Inc | Financial well-being | $75,000 |
| Possibility Labs | Financial well-being | $75,000 |
| Soliya Inc | Financial well-being | $75,000 |
| The Regents of the University of California | Financial well-being | $75,000 |
| Next One Up Foundation Inc | Youth opportunity | $65,000 |
| The Baltimore Museum of Art Inc | Creativity and innovation | $65,000 |
| Wide Angle Youth Media Inc | Youth opportunity | $65,000 |
| Franciscan Center of Baltimore | Financial well-being | $60,000 |
| Maryland Philanthropy Network | Creativity and innovation | $57,500 |
| Center for Urban Families | Financial well-being | $53,250 |
| Baltimore Homecoming Inc | Creativity and innovation | $50,000 |
| Baltimore Squashwise Inc | Youth opportunity | $50,000 |
| Innovation Works Inc | Financial well-being | $50,000 |
| Per Scholas Inc | Financial well-being | $50,000 |
| Cash Campaign of Maryland Inc | Financial well-being | $48,250 |
| Brown Girl Wellness Inc | Creativity and innovation | $45,000 |
| Beloved Community Services Corporation | Financial well-being | $40,000 |
| Community Mediation Maryland Inc | Financial well-being | $40,000 |
| Enoch Pratt Free Library | Creativity and innovation | $40,000 |
| Living Classrooms Foundation | Financial well-being | $40,000 |
Officers and trustees
- John Brothers
- James M Murphy
- Mark Weigman
- Pam Conover
- Heather K McPherson
- Barbara J Burdett
- Richard de Los Reyes
- Anna Dopkin
- Vanessa Eluma
- Raymone Jackson
- Cheryl Mickel
- David Oestreicher
- Jennifer St Germain
- David J Wallack
- Craig Watson
Questions people ask
Does T Rowe Price Foundation accept grant applications?
Yes. Its latest IRS filing says it accepts applications.
How much does T Rowe Price Foundation give?
$13.7 million in tax year 2024, across 249 grants, with a typical grant of $15,000.
Who runs T Rowe Price Foundation?
Its 2024 filing lists John Brothers (President), James M Murphy (Treasurer & Trustee), Mark Weigman (Asst Treasurer & Trustee) and Pam Conover (Secretary & Trustee) among 15 officers and trustees.
What does T Rowe Price Foundation fund?
Based on its grants, mainly youth programs, education and arts and culture.