T. Rowe Price Foundation

History

The T. Rowe Price Foundation was founded in 1981 and, since its founding, has made $182.3 million in grants and matching contributions as of December 2024. ⁴ The organizations grantmaking focuses on Baltimore, Maryland; Colorado Springs, Colorado; San Francisco; and New York City. ⁴

Finances

In 2022, the foundation received $1,409,148 in contributions, ⁵ $1,491,406 in dividends, ⁶ and $3,819,144 from the sale of assets, ⁷ totaling $7,109,327 in total revenue. ⁸ The same year, the foundation incurred $11,117,133 in expenses ⁹ and held $80,480,772 in net assets. ¹⁰

Grantmaking

In 2022, T. Rowe Price Foundation contributed to several left-of-center grantmaking organizations including Maryland Philanthropy Network, ² a grantmaking organization that collects contributions from major corporate donors to fund projects with an emphasis on equity and diversity policies. ¹¹ That same year, T. Rowe Price Foundation contributed to the American Online Giving Foundation ($6,487,878), Neighborhood Trust Financial Partners ($125,000), Maryland Philanthropy Network ($101,140), Rob’s Barbershop Community Foundation ($20,000), Players Philanthropy Fund ($5,000), The Links Foundation ($5,000). ²

Education

In 2022, T. Rowe Price Foundation contributed to several educational organizations. These include T. Rowe Price Foundation contributed Fund for Education Excellence ($267,500), University Of Colorado Foundation ($212,000), Enoch Pratt Free Library ($140,000), Teach For America ($100,000),  Arts Every Day ($85,000), Junior Achievement of Central Maryland ($65,000), Per Scholas ($50,000), Baltimore Squashwise ($50,000), University Of Maryland Baltimore Foundation ($40,000), Maryland Historical Society ($40,000), Living Classrooms Foundation ($40,000), Improving Education ($40,000), The Ingenuity Project ($35,000), Maryland Institute College of Art ($31,000), Holistic Life Foundation ($30,000), Urban Teachers ($30,000), The St Paul’s Schools ($25,000), Arts Education In Maryland Schools Alliance ($25,000), Arts For Learning Maryland ($25,000), Baltimore Educational Scholarship Trust ($25,000), Working In Support Of Education ($25,000), Maryland Academy of Sciences ($25,000), Loyola University Maryland ($20,000),  Bronx Letters Foundation ($20,000), I Am Mentality Youth Male Empowerment Project ($17,500), Next One Up Foundation ($15,000), The Maryland Book Bank ($15,000), Peabody Institute of the Johns Hopkins University ($15,000), The Literacy Lab ($15,000), UMBC Foundation ($15,000), Reading Partners ($15,000), Citylit Project ($15,000), Code In The Schools ($15,000), Morgan State University Foundation ($10,000), STEM Champions of Baltimore ($10,000), Requity Foundation ($10,000), Stevenson University ($10,000), Junior Achievement of Southern Colorado ($10,000), Dent Education ($10,000), University Of Baltimore Foundation ($10,000), Colorado Consortium For Earth And Space Science Education ($10,000), University of Maryland Baltimore ($10,000), Children’s Scholarship Fund of Baltimore ($10,000), Bmore Empowered ($10,000), Bellxcel ($10,000), Baltimore Urban Debate League ($10,000), Towson University Foundation ($10,000), Let’s Go Boys & Girls ($10,000), Goucher College ($10,000), Safe Alternative Foundation For Education ($7,500), Restoring Inner City Hope ($7,500), Colorado Springs Conservatory Foundation ($5,000), Maryland Council on Economic Education ($5,000), Community Partnership For Child Development ($5,000), Colorado Springs Community Cultural Collective At The City Auditorium ($5,000), City Neighbors Foundation ($5,000), Children’s Literacy Center ($5,000), Maryland Business Roundtable For Education ($5,000), Teach For America Colorado ($5,000), Pikes Peak Library District Foundation ($5,000), Adelante Latina ($5,000), Irvine Natural Science Center (Irvine Nature Center) ($5,000), and Star Spangled Banner Flag House Association ($2,500). ²

Criminal Justice

In 2022, the T. Rowe Price Foundation contributed to several left-of-center organizations that promote criminal justice policy. These included The Baltimore Corps ($472,500), Race Forward ($150,000), Cash Campaign of Maryland ($120,000), Baltimore Unity Hall ($25,000), Parity Baltimore ($15,000), Project Own ($15,000), Brown Girl Wellness ($10,000), Inside Out Youth Services ($10,000), The Pride Center of Maryland ($10,000), Youth of The Diaspora ($7,500), Solid Rock Community Development Corporation ($7,500), and Friends Of The Children Colorado Springs ($3,000). ²

Civic Engagement

In 2022, T. Rowe Price Foundation contributed to several community-based and anti-poverty groups.  These included New Leaders ($50,000), Prime Produce Limited ($50,000), Community Mediation Program ($50,000), Thread ($50,000), Alliance For Open Society International ($50,000), Community Mediation Maryland ($40,000), Collegebound Foundation ($20,000), No Boundaries Coalition ($20,000), South Baltimore Learning Center ($20,000), Civic Works ($15,000), Family Tree ($15,000), Digital Harbor Foundation ($15,000), Baltimore School For The Arts Foundation ($15,000), Bay Area Financial Education Foundation ($13,750), Ravenswood Classroom Partners ($13,750), Open Works ($12,500), Building Science Technology And Education Partnerships ($12,500), Mission Investors Exchange ($10,000), Repair The World ($10,000), Project Pneuma ($10,000), Soccer Without Borders ($10,000), Pigtown Climbs ($10,000), Junior Achievement of Southern Colorado ($10,000), Dream Bigger Community Institute ($10,000), Community Law In Action ($10,000), Boys and Girls Club of the Pikes Peak Region ($10,000), Institute For Local Self Reliance ($10,000), Heartsmiles ($10,000), Urban Alliance Foundation ($10,000), Unified Efforts ($7,500), Big Brothers Big Sisters Of Colorado ($7,500), Farm Alliance Of Baltimore ($7,500), Girl Scouts of Central Maryland ($7,500), Baltimore Area Council Boy Scouts of America ($7,500), Baltimore Civic Fund ($5,000), Excellence & Ambition ($5,000), Mentoring Male Teens In The Hood ($5,000), Hillside Connection ($5,000), Missionfit ($4,000), and Forge Evolution ($2,500). ²

Environment

In 2022, T. Rowe Price Foundation contributed to several environmentalist organizations including Echoing Green ($100,000), Waterfront Partnership Of Baltimore ($80,000), The Maryland Zoo In Baltimore ($70,000), Chesapeake Bay Foundation ($10,000), Baltimore Green Space ($5,000), and National Wildlife Federation ($5,000). ²

Arts and Culture

In 2022, T. Rowe Price Foundation contributed to several local initiatives and cultural groups. Thes included the Baltimore Museum of Art ($65,000), Baltimore Office Of Promotion & The Arts ($50,000), Fractured Atlas ($43,070), Walters Art Museum Foundation ($40,000), Fells Point Creative Alliance ($40,000), National Aquarium ($35,000), Baltimore Museum of Industry ($35,000), Colorado Springs Pioneers Museum ($35,000), Artscentric ($20,000), Center Stage Associates ($30,000), The Producers Club Of Maryland ($25,000), Great Blacks In Wax Museum ($20,000),  Baltimore Symphony Orchestra ($20,000), Wombwork Productions ($15,000), Baltimore Children’s Museum ($15,000), Wide Angle Youth Media ($15,000), Chesapeake Shakespeare Company ($15,000),  Maryland African American Museum ($15,000), Everyman Theatre ($15,000), Single Carrot Theatre ($10,000), Pennsylvania Avenue Black Arts & Entertainment District ($10,000), Peale Center For Baltimore History And Architecture The ($10,000), Maryland Lawyers For The Arts ($10,000), Baltimore Arts Realty Corporation ($10,000), Baltimore American Indian Center ($10,000), B&O Railroad Museum ($10,000), Art With A Heart ($10,000), Maryland Citizens For The Arts ($10,000), Maryland Art Place ($10,000), Le Mondo ($10,000), Greater Baltimore Cultural Alliance ($10,000), Baltimore Concert Opera ($5,000), Baltimore Rock Opera Society ($5,000), and African American Women In Cinema ($5,000). ²

Health Care

In 2022, T. Rowe Price Foundation contributed to several healthcare-related organizations. These included the Bon Secours of Maryland Foundation (Bon Secours Community Works) ($35,000), Children’s Hospital Colorado Foundation ($20,000), Keys Empowers ($17,500), Sinai Hospital of Baltimore ($10,000), The League For People With Disabilities ($10,000), and Endsideout ($7,500). ²

Religious Organizations

In 2022, T. Rowe Price Foundation contributed to local religious organizations including the Archdiocese Of Baltimore Chancery ($40,000), St. Francis Neighborhood Center ($40,000), Associated Catholic Charities ($30,000), St. Vincent De Paul of Baltimore ($15,000), Catholic Charities of Central Colorado ($10,000), Institute of Islamic Christian and Jewish Studies ($10,000), Gracecity Church ($10,000), Govans Ecumenical Development Corporation ($10,000), Associated Jewish Community Federation Of Baltimore ($7,500), and Ignatian Lay Volunteer Corps ($4,500). ²

Miscellaneous

In 2022, other organizations that received funding from the T. Rowe Price Foundation included the United Nations Foundation ($500,000), Roca ($200,000), YMCA of Central Maryland ($45,000), Beloved Community Services Corporation ($40,000), Innovation Works ($35,000), Baltimore Homecoming ($25,000), DC Witness ($12,500), The Central Baltimore Partnership ($10,000), Maryland Technology Development Corporation (Tedco) ($10,000), Reveille Grounds ($10,000), Silver Key Senior Services ($10,000), Baltimore Community Foundation ($10,000), Baltimore Beat ($10,000), Impact Hub ($10,000), The Hampden Family Center ($10,000), and Generosity Global ($10,000). ²

Leadership

John Brothers is the president of the T. Rowe Price Foundation. ¹² Prior to joining the organization, Brothers led Quidoo, an international consulting firm. ¹²