T Rowe Price Program For Charitable Giving Inc
- Assets
- $600.2m
- Revenue
- $139.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 08/2000
- Data as of
- 03/2024
- EIN
- 31-1709466
Organization Overview
T Rowe Price Program For Charitable Giving Inc, operating under the name T Rowe Price Charitable, is located in Baltimore, MD. The organization was established in 2000. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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 Charitable 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 03/2024, T Rowe Price Charitable generated $139.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $115.0m during the year ending 03/2024. While expenses have increased by 7.4% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, T Rowe Price Charitable has awarded 9,529 individual grants totaling $339,436,836. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE T. ROWE PRICE PROGRAM FOR CHARITABLE GIVING PROMOTES PERSONAL AND CORPORATE (SEE SCH O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAM POOLS CHARITABLE CONTRIBUTIONS RECEIVED FOR COLLECTIVE INVESTMENT TO MAKE GRANTS TO CHARITABLE ORGANIZATIONS. DURING THE YEAR THE PROGRAM MADE NEARLY 32,000 GRANTS TO OVER 13,000 CHARITABLE ORGANIZATIONS. THE PROGRAM FURTHER PROMOTES PHILANTHROPY BY PROVIDING EDUCATION ON CHARITABLE GIVING THROUGH ITS WEBSITE, NEWSLETTERS, AND OTHER PRINTED MATERIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George L Bunting Jr Director (until 3/20/2024) | Trustee | 0.6 | $2,500 |
Juliet A Eurich Director | Trustee | 0.6 | $2,500 |
Paige T Davis Chairman | OfficerTrustee | 0.6 | $0 |
Mary J Miller Director | Trustee | 0.6 | $2,500 |
Dorothy C Sawyer Director | Trustee | 0.6 | $0 |
Samuel Hoi Director | Trustee | 0.6 | $2,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
T Rowe Price Associates Inv. Mgmt, Admin | 3/30/24 | $1,343,981 |
Ren Psg Technology | 3/30/24 | $301,117 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,958,380 |
| Noncash contributions included in lines 1a–1f | $97,555,973 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,958,380 |
| Total Program Service Revenue | $0 |
| Investment income | $14,986,643 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$43,524 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $139,901,499 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $113,346,626 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $12,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $415,949 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $153,717 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,943 |
| Fees for services: Accounting | $53,258 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $348,825 |
| Fees for services: Other | $164,250 |
| Advertising and promotion | $2,024 |
| Office expenses | $3,329 |
| Information technology | $264,192 |
| Royalties | $0 |
| Occupancy | $245,240 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,758 |
| All other expenses | $10,265 |
| Total functional expenses | $115,035,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,775 |
| Savings and temporary cash investments | $1,360,520 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $596,811,189 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,007,431 |
| Total assets | $600,203,915 |
| Accounts payable and accrued expenses | $101,660 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $101,660 |
| Net assets without donor restrictions | $600,102,255 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $600,203,915 |
Grants Awarded
Over the last fiscal year, T Rowe Price Program For Charitable Giving Inc has awarded $101,833,361 in support to 2,479 organizations.
| Grant Recipient | Amount |
|---|---|
100 BLACK MEN OF MIDDLE TENNESSEE INC PURPOSE: MULTIPLE | $10,000 |
1812 PRODUCTIONS INC PURPOSE: MULTIPLE | $5,812 |
21ST CENTURY EDUCATION FDN INC PURPOSE: MULTIPLE | $10,000 |
ACEC RESEARCH INSTITUTE PURPOSE: MULTIPLE | $10,000 |
33 SPINE ALIGN INC PURPOSE: MULTIPLE | $15,250 |
A FAMILY FOR EVERY ORPHAN PURPOSE: MULTIPLE | $10,000 |