T Rowe Price Foundation
- Assets
- $86.6m
- Revenue
- $7.1m
- Investments
- $74.4m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 01/1982
- Data as of
- 12/2022
- EIN
- 52-1231953
Organization Overview
T Rowe Price Foundation is located in Baltimore, MD. The organization was established in 1982. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. T Rowe Price Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, T Rowe Price Foundation generated $7.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $11.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, T Rowe Price Foundation has awarded 735 individual grants totaling $38,749,723. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Brothers President | 28 | $0 | |
James M Murphy Treasurer & Trustee | 1 | $0 | |
Mark Weigman Asst Treasurer & Trustee | 1 | $0 | |
Craig Watson Trustee | 1 | $0 | |
Renee M Christoff Trustee | 1 | $0 | |
Barbara J Burdett Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,409,148 |
| Interest on Savings | $184,327 |
| Dividends & Interest | $1,491,406 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,819,144 |
| Capital Gain Net Income | $4,985,341 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $205,302 |
| Total Revenue | $7,109,327 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $35,304 |
| Printing and publications | $0 |
| Other expenses | $11,822 |
| Total operating and administrative expenses | $523,294 |
| Contributions, gifts, grants paid | $10,593,839 |
| Total expenses and disbursements | $11,117,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,900 |
| Savings and temporary cash investments | $12,189,518 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,161 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,842,965 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,334 |
| Total assets | $86,625,837 |
| Accounts payable and accrued expenses | -$81,838 |
| Grants payable | $6,226,903 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,145,065 |
Grants Awarded
Over the last fiscal year, T Rowe Price Foundation has awarded $12,951,588 in support to 249 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ONLINE GIVING FOUNDATION (AOGF) PURPOSE: MULTIPLE PURPOSES | $6,487,878 |
ADELANTE LATINA PURPOSE: YOUTH OPPORTUNITY | $5,000 |
AFRICAN AMERICAN WOMEN IN CINEMA PURPOSE: CREATIVITY AND INNOVATION | $5,000 |
ALAMEDA COUNTY COMMUNITY FOOD BANK INC PURPOSE: FINANCIAL WELL-BEING | $15,000 |
ALLIANCE FOR OPEN SOCIETY INTERNATIONAL OPEN SOCIETY INSTITUTE-BALTIMORE PURPOSE: FINANCIAL WELL-BEING | $50,000 |
ARCHDIOCESE OF BALTIMORE CHANCERY INC PURPOSE: YOUTH OPPORTUNITY | $40,000 |