T. Rowe Price Foundation
Investing in opportunities that enrich lives and enable equitable solutions
We support the growth of strong nonprofit leaders, organizations, and nonprofit networks. We harness our collective power to support our partners by expanding opportunities, enriching lives, and enabling equitable solutions to help lift people and communities.
The T. Rowe Price Foundation was founded in 1981 and has since given over $194M USD in direct grants and matching gift contributions. Our community-centric approach requires that we listen, are responsive, and co-create solutions that support communities in the places that create impact where we live and work.
Raymone Jackson
President, T. Rowe Price Foundation
Our approach to philanthropy
We are a responsive, collaborative partner that seeks inclusivity and accountability. We aim to foster a learning culture and are committed to listening and sharing perspectives and insights focused on transparency, feedback, and community investments.
Grants
Through our community investments, we support the advancement of community leaders, community organizations, and community networks.
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.1
The following steps outline the grant making process.
Get to know each other
Review our community investment areas, attend an info session, and complete a questionnaire to determine if there is alignment with your community focus.
Grant proposals
Submit a grant application proposal. Note: Most grants are invitation only; however, we do review unsolicited proposals. Join our mailing list to stay connected to additional opportunities where we can partner.
Reporting and learning
Each grant applicant completes a short reflection about the grant, including key areas of learning. Reporting requirements vary depending on the grant size and scope.
1 [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.
Apply for a grant
If you are new to working with us, please answer a few questions to see if your work and our giving areas align.
Download a preview of the Foundation's standard grant application for reference.
Advancing nonprofits' capacity
T. Rowe Price offers learning opportunities and organizational health assessment tools at no-cost to the nonprofit community through its capacity building program.
Reports and publications
2024 Learning Report
2023 Community Snapshot
2022 State of the Nonprofit Sector Report
Growth in recent giving
Direct grants vs matching gifts1
Learn more and connect
There are multiple ways in which nonprofits can engage with T. Rowe Price, from capacity building, leveraging matching gift program, volunteering, to grantmaking.
- Read frequently asked questions (FAQs)
- We encourage new community partners to attend an information session
- If you are interested in partnering or learning more, please contact our team at trowepricefoundation@troweprice.com
- You are welcome to submit a general inquiry form
Community partner highlights
The Foundation’s Capacity Building Program offers workshops for grantees within and outside of its grantee network.
To help address underinvestment in West Baltimore, the Foundation committed $1.3 million over three years.
Our values in action
Advancing youth opportunities, creativity and innovation, and financial wellbeing
Supporting social entrepreneurship
Leveraging corporate talent for social good
All data as of December 31, 2024, 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.
The trademarks shown are the property of their respective owners. T. Rowe Price is not endorsed, sponsored, or otherwise authorized by or affiliated with any of the trademark owners represented by these trademarks.