T. Rowe Price Foundation:
Three Decades of Giving and Community Involvement
The T. Rowe Price Foundation is a central part of our commitment to improving the quality of life for those around us. Incorporated in 1981 and funded by T. Rowe Price Group, the Foundation supports our communities by matching associate donations and awarding direct grants.
Aligned with our values
Through its work, the Foundation carries through the firmís social responsibility goals and initiatives:
Associate giving and service.
The Foundation empowers associates by supporting their contributions of money, energy, and expertise. The Global Matching Gift Program not only matches associate donations to qualified nonprofit organizations but also awards volunteer service grants to nonprofits where associates regularly contribute their time.
In celebration of the firmís 75th anniversary in 2012, more than $5.9 million in grants and matching gifts were made through the T. Rowe Price Foundation.
Commitment to education.
The Foundation provides direct grants to support strategic initiatives that enhance educational opportunities and outcomes. It works alongside T. Rowe Price to promote financial capabilities of people of all ages. Continued funding of established nonprofitsóas well as promising, innovative initiativesódemonstrates a shared commitment to education and, in particular, youth development.
More than 1,400 qualified nonprofit organizations benefited from $3.4 million in Foundation direct grants in 2012.
Commitment to our communities is reflected by the Foundationís generous and ongoing support of human services organizations that provide family and emergency services. The Foundation also supports institutions that offer enrichment and educational experiences for the public benefit.
After Hurricane Sandy struck the northeast United States in October 2012, associates raised over $11,000, which was matched by the T. Rowe Price Foundation.
Founded in 1981
Historical matching gifts
Building financial capabilities in young people
To commemorate the firmís 75th anniversary, the T. Rowe Price Foundation awarded a $250,000 grant to Junior Achievement(JA) to develop a Web portal with educational content for kids, parents, educators, and JA volunteers. This online initiative, available in 2013, will reinforce the underlying financial concepts found in The Great Piggy Bank Adventure® Online Gameógoal setting, saving, inflation, asset allocation, and diversification.