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 2014, the Foundation awarded more than $4.2 million in matching gifts and volunteer service grants to more than 1,200 organizations.
Direct Community Grants.
The Foundation provides grants in communities where the majority of the firm's associates work and live: Baltimore, Maryland; Colarado Springs, Colorado and Tampa, Florida. The Foundation's primary emphasis is to improve educational opportunities for disadvantaged students (pre-K through 12th grade), through both in-school and after-school programs. In addition, the Foundation supports human services, the arts and culture, and civic organizations. Public charities that meet these criteria are welcomed to take the online Eligibility Quiz .
In 2014, the Foundation awarded nearly $3.1 million in direct grants, of which 34.5% benefited education and youth development organizations.
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 reinforces the underlying financial concepts found in The Great Piggy Bank Adventure® online gameógoal setting, saving, inflation, asset allocation, and diversification.