T. Rowe Price Foundation
At a glance
Key takeaways
- The foundation is based in Baltimore, and its stated priority areas are Baltimore, Colorado Springs, San Francisco and New York, so work in financial wellbeing, youth empowerment, arts and culture, or innovation and vitality in those places is the clearest fit.
- Most of its grants fall between $5,000 and $50,000, with a median of $12,500, so a modest request sits within typical practice; that band describes common grants and is not a limit on what it may give.
- Most grants start with the foundation approaching organisations directly, but it also reviews unsolicited proposals aligned with its giving areas throughout the year, so a new applicant can send one at any time.
- Repeat grantees receive a substantial share of its grant dollars, but a first approach is still open, and grants are unrestricted for general operating purposes, with grantees completing a short reflection on their learning.
- The filing states no exclusions, though it describes its funding as primarily supporting organisations that have approved nonprofit status.
Overview
T. Rowe Price Foundation is a US private foundation based in Baltimore, MD.
What they fund
Profile derived from the foundation's IRS Form 990-PF filings (TY2024, TY2023, TY2022) and its website, with every statement checked against those sources. Sources read on 7 October 2026.
Priority Areas
The Foundation supports the growth of strong nonprofit leaders, organisations and nonprofit networks, seeking to expand opportunities, enrich lives and enable equitable solutions. Its strategic pillars focus on financial wellbeing and thriving communities, including financial education and empowerment, supporting local community leaders, and advancing local cultural anchor institutions. It supports organisations working in youth empowerment, arts and culture, and innovation and vitality, including bold, transformative ideas that strengthen community ecosystems. Its grants are unrestricted for general operating purposes. The Foundation describes its approach as responsive, collaborative and community-centric, with funding primarily supporting organisations in Baltimore, Colorado Springs, San Francisco and New York that have approved nonprofit status.
Themes
- Financial wellbeing
- Youth empowerment
- Arts and culture
- Innovation and vitality
Geographic Focus
Priority: Baltimore; Colorado Springs; San Francisco; New York. From its grants, not stated by the foundation: Maryland; Florida; Delaware.
How to apply
For most grants the Foundation approaches organisations directly and invites them to submit a proposal. Organisations may also send unsolicited proposals aligned with its giving areas, which are reviewed throughout the year.
Application success factors
- Repeat giving: In its TY2024 filing, 42% of its grant dollars to organisations went to organisations it had also funded in its TY2022 or TY2023 filing.
- Grant size: Across its TY2022, TY2023 and TY2024 filings, half of its 752 grants to organisations were $12,500 or less.
What the foundation says:
- Grant applicants complete a short reflection about the grant and key areas of learning; reporting requirements vary with grant size and scope.
Where grants go
From grants to organisations in the foundation’s filings for tax years 2022–2024.
Grant dollars by state
6 other states: 2%
- The largest single recipient received 35% of grant dollars to organisations.
- In tax year 2024, 42% of grant dollars went to organisations T. Rowe Price Foundation had funded in earlier filings.
- No grants were paid directly to organisations outside the US.
- 52% of grant dollars went to intermediaries that regrant to other organisations.
Grants
How much do they typically give?
Share of 249 grants in tax year 2024 by size
Median $15,000 (tax year 2024)
The largest grants to organisations in the foundation’s latest filing:
- American Online Giving Foundation · Multiple purposes$5,517,4972024 tax year
- Waterfront Partnership of Baltimore · Creativity and innovation$370,0002024 tax year
- University of Colorado Foundation · Youth opportunity$207,0002024 tax year
- Neighborhood Trust Financial Partners · Financial well-being$150,0002024 tax year
- Coppin State College Development Foundation · Financial well-being$150,0002024 tax year
- National Aquarium · Creativity and innovation$135,0002024 tax year
- Thread · Youth opportunity$125,0002024 tax year
- Teach for America · Youth opportunity$100,0002024 tax year
Grants to organisations listed in the foundation’s Form 990-PF filings. Grants to individuals are not shown.
Officers and directors
- Craig Watson — Trustee
- David J Wallack — Trustee
- Jennifer ST Germain — Trustee
- David Oestreicher — Trustee
- Cheryl Mickel — Trustee
- Raymone Jackson — Trustee
- Vanessa Eluma — Trustee
- Anna Dopkin — Trustee
- Richard De Los Reyes — Trustee
- Barbara J Burdett — Trustee
- Heather K Mcpherson — Board Chair & Trustee
- Pam Conover — Secretary & Trustee
- Mark Weigman — Assistant Treasurer & Trustee
- James M Murphy — Treasurer & Trustee
- John Brothers — President
From the latest Form 990-PF filing
3 years of tax filings
| Year | Total expenses | Grants paid | Assets | Filing document |
|---|---|---|---|---|
| 2022 tax year | $11,117,133 | $12,951,588 | $86,625,837 | Filing for 2022 tax year |
| 2023 tax year | $13,187,231 | $11,936,291 | $96,431,421 | Filing for 2023 tax year |
| 2024 tax year | $14,759,293 | $11,734,997 | $93,306,776 | Filing for 2024 tax year |
Figures from the foundation’s IRS Form 990-PF filings. Assets are at fair market value at year end. The document icon links to each year’s filing on ProPublica Nonprofit Explorer.
Sources
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Applying to T. Rowe Price Foundation?
Hinchilla drafts your answers around this funder's priorities, using your organisation's own documents.
No credit card required