OVERVIEW: The T. Rowe Price Foundation supports universities and community colleges across the United States. It also invests in arts and culture and human services.
IP TAKE: This funder tends to award a large number of modest sized grants each year. T. Rowe Price awards grants to large colleges and universities as well as local community colleges.
PROFILE: Established in 1981, the T. Rowe Price Foundation is the philanthropic arm of the financial services company T. Rowe Price. The foundation’s objectives are broad in that it is “Supporting change and enhancing community life,” in its hometown of Baltimore, Maryland and around the globe. The foundation’s education grants support “[i]nstitutions, organizations, and programs advancing high academic achievement for all children, as well as leadership development for teachers and principals who boost academic success.” programs include education, arts & culture, and human services.
Grant amounts range from about $100 to $50,000. Higher education grants typically range from $1,000 to $10,000. Past grantees in this space include the Stanford University, Trinity College and the University of Maryland Carey School of Law.
The T. Rowe Price Foundation accepts unsolicited grant applications and requests for funding on a rolling basis.
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