T. Rowe Price Foundation, Inc.
Programs and results
What we aim to solve
At T. Rowe Price, we’re more than associates. We’re volunteers, donors, educators, grantmakers, and environmentalists. Guided by a core set of values, we’re committed to creating positive change in our communities and beyond. On behalf of the firm, the T. Rowe Price Foundation encourages and supports TRP associates to engage in philanthropy. The two approaches of the Foundation’s giving; through our direct grants program that historically focuses on education, human services, arts and culture. Additionally, the Foundation works with our associates through our Matching Gift Program, which matches associate contributions to qualified non-profits, and makes grants to organizations where associates volunteer. The Foundation's mission is to pursue the long-term success of the communities in which TRP associates live and work, just as the firm is committed to pursuing the long-term financial success of its clients.
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Philanthropy
Grantmaking
Where we work
Our results
How does this organization measure their results? It's a hard question but an important one.
Total dollar amount of grants awarded
This metric is no longer tracked.Totals By Year
Related Program
Philanthropy
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Context Notes
Foundation total giving from 2014-2019
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
The T. Rowe Price Foundation is working toward several goals including:
Engaging in Effective Citizenship and Impact
Being Active Managers of Social Good
Toward Collaborative Leadership
Toward Operational Excellence
Being a Daily Value-Add to T. Rowe Price
What are the organization's key strategies for making this happen?
The Foundation employs several strategies against our foundation goals. For example in our Effective Citizenship portfolio, we provide the following philanthropic outputs:
New Grant Fund: New fund that allows Foundation to test out new relationships that might have longer-term appeal to the Foundation. This fund has helped the Foundation reach more diverse grantees in new communities.
Effective Citizenship: Foundation’s oldest fund being transitioned to a fund that ensures current 100+ grantees are strong partners to the company and align to the changing Baltimore community.
Impact Fund: Beginning in West Baltimore in 2015, the Impact Fund is aimed at finding the “sticks in the bundle” strategies that can have systemic impacts in disenfranchised communities.
Campaigns: Re-organized fund that provides large, multi-year funding to organizational and/or community expansion to top-tier grantees.
Disaster Philanthropy: New fund that allows us to respond to natural disasters
What are the organization's capabilities for doing this?
The foundation is powered by the generosity and talent of the T. Rowe Price associates, who have a strong commitment to their communities. A separate nonprofit entity and managed by a separate board, our energy and resources come from the support of our company.
What have they accomplished so far and what's next?
The Foundation is proud of a number of accomplishments. In relation to our work in partnership with the West Baltimore community, we have seen the following:
Food Insecurity: The West Baltimore community is now able to obtain fresh fruits and vegetables several days a week from nearly two dozen vendors. In 2015, there was no produce availability in the neighborhood of Sandtown-Winchester.
Financial Empowerment: Our support of KIVA model has provided over $250K in support to over 50 local borrowers by over 4000 lenders throughout the globe. In 2018, it is projected that over 1000 West Baltimore parents and students with engage in financial wellness services by Maryland CASH and Junior Achievement.
Capacity Building - In 2017, the Foundation’s capacity building reached over 665 participants, including non-grantees.
Financials
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Operations
The people, governance practices, and partners that make the organization tick.
Connect with nonprofit leaders
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Connect with nonprofit leaders
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- Analyze a variety of pre-calculated financial metrics
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T. Rowe Price Foundation, Inc.
Board of directorsas of 07/29/2024
Ms. Heather McPherson
T. Rowe Price Foundation
Term: 2022 -
David Wallack
T. Rowe Price
James Murphy
T. Rowe Price
David Oestreicher
T. Rowe Price
Heather McPherson
T. Rowe Price
Mark Weigman
T. Rowe Price
Craig Watson
T. Rowe Price
Pamela Conover
T. Rowe Price
Cheryl Mickel
T. Rowe Price
Anna Dopkin
T. Rowe Price
Barbara Burdett
T. Rowe Price
George A. Roche (Emeritus)
T. Rowe Price
Vanessa Eluma
T. Rowe Price
Rick de los Reyes
T. Rowe Price
Raymone Jackson
T. Rowe Price
Jennifer St. Germain
T. Rowe Price
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes
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