T Rowe Price Program for Charitable Giving
ActivePhilanthropy & Voluntarism
About T Rowe Price Program for Charitable Giving
Simplify charitable giving, maximize tax benefits, and increase donors' impact by sponsoring donor-advised funds and providing investment options and administrative services.
Focus Areas
General charitable support (qualified U.S. public charities)Donor-advised fund servicesLegacy and family philanthropy
Funding Style
general operating support (core/unrestricted)project-restricted funding (special project grants)time-limited/project-specific support
About T Rowe Price Program for Charitable Giving
T Rowe Price Program for Charitable Giving Inc channels very large volumes of charitable assets through donor-advised fund services, with annual grants of $322,371,947 and total assets of $648,277,941 on file. The recent grant record shows a mix of high-dollar, multi-purpose support and grants tied to specific organizations, including $4,627,660 to National Philanthropic Trust and $3,250,000 to Tabor Academy. It also backs health, education, and community institutions at a substantial scale, such as Mayo Clinic at $3,014,450 and the Trustees of the University of Pennsylvania at $2,067,070. The foundation’s stated role is to simplify charitable giving, maximize tax benefits, and increase donors’ impact by sponsoring donor-advised funds and providing investment options and administrative services. Its grant activity is national and limited to qualified U.S. public charities, with a heavy concentration of grants in the United States. The portfolio includes both recurring support and grants with defined purposes, alongside large transfers to other charitable vehicles and operating charities. That pattern places the organization within the DAF sector rather than a conventional independent grantmaking foundation.
What T Rowe Price Program for Charitable Giving Funds
Education appears repeatedly in the recent record. T Rowe Price Program for Charitable Giving Inc gave $3,250,000 to Tabor Academy in 2025 and $2,024,000 to Colgate University in 2025, alongside a $1,606,000 grant to New York University in 2024. Health funding is also visible, including $3,014,450 to Mayo Clinic in 2025 and $1,203,375 to Johns Hopkins University in 2024. In community and human services, the foundation gave $1,243,550 to Catholic Charities of Baltimore in 2024 and $1,189,600 to Associated Catholic Charities Inc in 2024. Arts and culture is another recurring area, with $1,575,016 to The Everyman Theatre Inc in 2025 and $1,313,073 to Maryland Institute College of Art Inc in 2024.
How T Rowe Price Program for Charitable Giving Gives
Typical grants are relatively small compared with the largest transfers: the 25th percentile is $8,600, the median is $13,250, and the 75th percentile is $29,157. The recent list also shows a long tail of much larger awards, which suggests the program can move from modest grants to multi-million-dollar distributions. The funder operates as a bank donor-advised fund program, and its recent recipients include both operating charities and other charitable vehicles. Several organizations appear more than once across the years in the recent grants list, including Tabor Academy, Informed Consent Action Network, Colgate University, and Boys and Girls Clubs of America, which points to recurring support for some recipients rather than one-off giving only.
Financial Snapshot
Annual Giving
$132.5M
Total Assets
$648.3M
Total Revenue
$302.2M
Total Expenses
$146.8M
Typical Grant Size
Most grants fall between $9K and $29K, with a median of $13K.
25th Percentile
$9K
Median
$13K
75th Percentile
$29K
Geographic Reach
National53 states funded
About 18% of grants go to recipients in VA.
Funding intensity
LowHigh
Headquarters
Leadership
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