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.
Colleges and universities may seek funding in each of Price’s funding areas. Education grants support “institutions, organizations, and programs advancing high academic achievement for all children, as well as leadership development for teachers and principals who boost academic success.” Similarly, arts and culture grants support “institutions and organizations offering enrichment and educational experiences that nurture lifelong learning and create more vibrant communities.” Human services grants support “family and emergency services, workforce development, and other opportunities to build skills and achieve self-sufficiency.”
Grant amounts range from about $100 to $50,000. Higher education grants typically range from $1,000 to $10,000. The T. Rowe Price Foundation accepts grant applications and requests for funding on a rolling basis. Interested grantseekers should start by taking the eligibility quiz found at the bottom of the main page.
Note that the foundation prioritizes organizations that serve specific geographic areas—namely Baltimore, MD, Colorado Springs, CO, Tampa, FL, and San Francisco, CA.
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