T Rowe Price Foundation
- Assets
- $114.6m
- Revenue
- $23.3m
- Investments
- $100.9m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 01/1982
- Data as of
- 12/2021
- 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 12/2021, T Rowe Price Foundation generated $23.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 25.6% each year . All expenses for the organization totaled $15.4m during the year ending 12/2021. While expenses have increased by 10.0% per year over the past 5 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 2020, T Rowe Price Foundation has awarded 486 individual grants totaling $25,798,135. 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 | $17,813 | |
James M Murphy Treasurer & Trustee | 1 | $0 | |
Mark Weigman Trustee | 1 | $0 | |
Heather K Mcpherson Board Chair & Trustee | 1 | $0 | |
Barbara J Burdett Vice President & Trustee | 1 | $0 | |
Craig Watson Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,189,177 |
| Interest on Savings | $6,119 |
| Dividends & Interest | $1,495,226 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,645,256 |
| Capital Gain Net Income | $10,750,338 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,335,778 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,813 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $3,785 |
| Interest | $0 |
| Taxes | $187,860 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,626 |
| Total operating and administrative expenses | $551,645 |
| Contributions, gifts, grants paid | $14,889,434 |
| Total expenses and disbursements | $15,441,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,250 |
| Savings and temporary cash investments | $13,522,570 |
| 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 | $71,546 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,598,086 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $17,945 |
| Total assets | $114,583,054 |
| Accounts payable and accrued expenses | $235,410 |
| Grants payable | $8,599,271 |
| 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 | $8,834,681 |
Grants Awarded
Over the last fiscal year, T Rowe Price Foundation has awarded $14,236,184 in support to 240 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ONLINE GIVING FOUNDATION (AOGF) PURPOSE: MULTIPLE PURPOSES | $6,926,684 |
THE FINANCIAL CLINIC PURPOSE: FINANCIAL WELL-BEING | $475,000 |
CASH CAMPAIGN OF MARYLAND INC PURPOSE: FINANCIAL WELL-BEING | $430,000 |
BALTIMORE CORPS PURPOSE: FINANCIAL WELL-BEING | $420,000 |
FUND FOR EDUCATIONAL EXCELLENCE INC PURPOSE: YOUTH OPPORTUNITY | $228,500 |
Chelsea, MA PURPOSE: FINANCIAL WELL-BEING | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |
The Morningstar Philanthropic Foundation Bethesda, MD | $552,631,179 | $17,887,743 |
Wyncote Foundation Philadelphia, PA | $612,779,360 | $16,336,575 |
Danville Regional Foundation Danville, VA | $280,479,931 | $21,605,962 |
Freedom Forum Inc Laurel, MD | $0 | $16,145,029 |