T Rowe Price Program for Charitable Giving Inc
DBA: T ROWE PRICE CHARITABLE
THE T. ROWE PRICE PROGRAM FOR CHARITABLE GIVING PROMOTES PERSONAL AND CORPORATE (SEE SCH O)
IRS Tax Year 2024
Period ending March 31, 2025
Total Revenue
$302.2M
Total Expenses
$146.8M
Net Assets
$648.2M
Employees
0
Volunteers
7
Grants Paid
$144.9M
Program Expense Ratio
99.4%
Fundraising Efficiency
33212416.5%
This nonprofit profile presents IRS Form 990 tax filing data for T Rowe Price Program for Charitable Giving Inc (EIN: 31-1709466), based on the 2024 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, top independent contractors, governance policies and audit information. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
T Rowe Price Program for Charitable Giving Inc is a 501(c)(3) nonprofit headquartered in BALTIMORE, MD, founded in 2000. It is classified under NTEE code T90 (Named Trusts N.E.C.), within the Philanthropy, Voluntarism & Grantmaking category. The organization has held tax-exempt status since 2000. In its 2024 filing, the organization reported $302.2M in total revenue, a 116.0% increase from the prior year, and $146.8M in total expenses. The organization engaged 7 volunteers. MARY J MILLER, DIRECTOR, is the highest-compensated individual at $2,500. The organization runs 1 program, totaling $145.8M in program expenses. 4 of 6 recommended governance policies are in place.
T Rowe Price Program for Charitable Giving Inc is classified under NTEE code T90 (Named Trusts N.E.C.), which falls within the Philanthropy, Voluntarism & Grantmaking category. Its foundation type is 15.
Programs(Tax Year 2024)
1 record
T Rowe Price Program for Charitable Giving Inc operates 1 program, with total program expenses of $145.8M. T Rowe Price Program for Charitable Giving Inc's largest program accounts for 100% of total program spending.
THE PROGRAM POOLS CHARITABLE CONTRIBUTIONS RECEIVED FOR COLLECTIVE INVESTMENT TO MAKE GRANTS TO CHARITABLE ORGANIZATIONS. DURING THE YEAR THE PROGRAM MADE NEARLY 62,000 GRANTS TO OVER 12,000 CHARITABLE ORGANIZATIONS. THE PROGRAM FURTHER PROMOTES PHILANTHROPY BY PROVIDING EDUCATION ON CHARITABLE GIVING THROUGH ITS WEBSITE, NEWSLETTERS, AND OTHER PRINTED MATERIALS.
Financial Overview(Tax Years 2020–2024)
5 records
Over the past 5 years, T Rowe Price Program for Charitable Giving Inc's revenue has grown from $121.5M to $302.2M, a 148.8% increase. Program expenses represent 99% of total spending.
Revenue increased 116.0% year-over-year, while expenses grew 27.6%. net assets rose to $648.2M, up 8.0% from the prior year.
T Rowe Price Program for Charitable Giving Inc derives 55% from contributions and grants, with 45% from investment income.
Revenue is diversified across contributions and grants (55%), investment income (45%).
T Rowe Price Program for Charitable Giving Inc allocates 99% to programs, 1% to management and general, 0% to fundraising.
Revenue grew by 116.0% while expenses grew by only 27.6%, suggesting improving operational efficiency.
T Rowe Price Program for Charitable Giving Inc distributed $144.9M in grants to other organizations and individuals, representing 99% of total expenses.
Over 5 filings from 2020–2024, T Rowe Price Program for Charitable Giving Inc grew revenue from $121.5M to $302.2M (+148.8%) while maintaining a program expense ratio of 99%. During this period, the organization reduced from 1 to 0 employees.
T Rowe Price Program for Charitable Giving Inc holds $648.3M in total assets against $86K in liabilities (debt-to-asset ratio of 0%). The organization has 53.0 months of operating reserves. Cash and equivalents of $32K cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $302.2M | $166.7M | $0 | $0 | $135.5M |
| 2023 | $139.9M | $125.0M | $0 | $0 | $14.9M |
| 2022 | $109.9M | $102.5M | $0 | $0 | $7.5M |
| 2021 | $181.3M | $151.0M | $0 | $0 | $30.3M |
| 2020 | $121.5M | $110.4M | $0 | $0 | $11.1M |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $146.8M | $145.8M | $937K | $502 | $144.9M |
| 2023 | $115.0M | $114.2M | $510K | $2K | $113.3M |
| 2022 | $100.6M | $99.7M | $864K | $7K | $98.9M |
| 2021 | $110.0M | $109.0M | $847K | $100K | $108.4M |
| 2020 | $86.5M | $85.6M | $937K | $12K | $84.9M |
Program Expense Ratio
99.4%
Admin Expense Ratio
0.6%
Fundraising Efficiency
33212416.5%
Operating Reserve
53.0 mo
People & Compensation(Tax Year 2024)
14 records
T Rowe Price Program for Charitable Giving Inc reported compensation for 14 officers and key employees. Total officer compensation was $13K, representing 0.0% of total expenses.
T Rowe Price Program for Charitable Giving Inc's highest-compensated individual received $3K in total compensation. Total officer compensation of $13K represents 0.0% of total expenses.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| MARY J MILLER | DIRECTOR | Director | 0.60 | $2,500 | $0 | $2,500 |
| DAVID WILSON | DIRECTOR | Director | 0.60 | $2,500 | $0 | $2,500 |
| SAMUEL HOI | DIRECTOR | Director | 0.60 | $2,500 | $0 | $2,500 |
| ERIKA SETH DAVIES | DIRECTOR | Director | 0.60 | $2,500 | $0 | $2,500 |
| JULIET A EURICH | DIRECTOR | Director | 0.60 | $2,500 | $0 | $2,500 |
| MELISSA WARREN | SECRETARY | Officer | 0.80 | $0 | $0 | $0 |
| CHERYL L EMORY | ASSISTANT SECRETARY | Officer | 0.80 | $0 | $0 | $0 |
| KATHYRN REILLY | ASSISTANT SECRETARY | Officer | 0.80 | $0 | $0 | $0 |
| PAIGE T DAVIS | CHAIRMAN | OfficerDirector | 0.60 | $0 | $0 | $0 |
| CHIOMA V ELUMA | DIRECTOR | Director | 0.60 | $0 | $0 | $0 |
| JOHN E BROTHERS | PRESIDENT | Officer | 10.00 | $0 | $0 | $0 |
| DANIEL TAMBELLINI | PRESIDENT | Officer | 10.00 | $0 | $0 | $0 |
| BRITTON NYCE | TREASURER & SECRETARY | Officer | 1.00 | $0 | $0 | $0 |
| MEDEANER ROBINSON | ASSISTANT SECRETARY | Officer | 0.80 | $0 | $0 | $0 |
Top Contractors(Tax Year 2024)
2 records
T Rowe Price Program for Charitable Giving Inc reported 2 contractors receiving over $100,000, with total contractor payments of $1.7M.
| Name | Service | Compensation |
|---|---|---|
| T ROWE PRICE ASSOCIATES | INVESTMENT MGMT, ADMIN | $1,426,947 |
| REN PSG | TECHNOLOGY | $259,797 |
Governance & Compliance(Tax Year 2024)
T Rowe Price Program for Charitable Giving Inc has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 7 members, 7 of whom are independent.
T Rowe Price Program for Charitable Giving Inc's financial statements are audited, an audit committee oversees the process, accounting follows GAAP standards.
T Rowe Price Program for Charitable Giving Inc has family or business relationships among officers, directors, or key employees.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2024)
2900 records
T Rowe Price Program for Charitable Giving Inc awarded $132.5M across 2900 grants to organizations. Top recipients include NATIONAL PHILANTHROPIC TRUST (JENKINTOWN, PA) — $4.6M for multiple; TABOR ACADEMY (MARION, MA) — $3.3M for multiple; MAYO CLINIC (ROCHESTER, MN) — $3.0M for multiple.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| NATIONAL PHILANTHROPIC TRUST237825575 | JENKINTOWN, PA | $4.6M | MULTIPLE |
| TABOR ACADEMY042103632 | MARION, MA | $3.3M | MULTIPLE |
| MAYO CLINIC416011702 | ROCHESTER, MN | $3.0M | MULTIPLE |
| INFORMED CONSENT ACTION NETWORK814540235 | AUSTIN, TX | $2.5M | MULTIPLE |
| AMALGAMATED CHARITABLE FOUNDATION INC821517696 | WASHINGTON, DC | $2.1M | MULTIPLE |
| TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA231352685 | PHILADELPHIA, PA | $2.1M | MULTIPLE |
| COLGATE UNIVERSITY150532078 | CANAJOHARIE, NY | $2.0M | MULTIPLE |
| FIDELITY CHARITABLE110303001 | CINCINNATI, OH | $1.9M | MULTIPLE |
| VANGUARD CHARITABLE ENDOWMENT PROGRAM232888152 | WARWICK, RI | $1.6M | MULTIPLE |
| THE EVERYMAN THEATRE INC521593239 | BALTIMORE, MD | $1.6M | MULTIPLE |
| DAFGIVING360311640316 | OMAHA, NE | $1.5M | MULTIPLE |
| CORNELL UNIVERSITY150532082 | ITHACA, NY | $1.3M | MULTIPLE |
| CATHOLIC CHARITIES OF BALTIMORE520591538 | TIMONIUM, MD | $1.2M | MULTIPLE |
| BOYS AND GIRLS CLUBS OF AMERICA135562976 | ATLANTA, GA | $1.1M | MULTIPLE |
| THE BRYN MAWR SCHOOL520258140 | BALTIMORE, MD | $1.1M | MULTIPLE |
| RIPPOWAM CISQUA SCHOOL INC131740435 | BEDFORD, NY | $1.1M | MULTIPLE |
| THIEL COLLEGE250965576 | GREENVILLE, PA | $1.0M | MULTIPLE |
| TURNAROUND TUESDAY INC833204982 | BALTIMORE, MD | $1.0M | MULTIPLE |
| NATIONAL CENTER FOR MISSING AND EXPLOITED CHILDREN521328557 | ALEXANDRIA, VA | $882K | MULTIPLE |
| DOCTORS WITHOUT BORDERS133433452 | NEW YORK, NY | $831K | MULTIPLE |
Showing 20 of 2900 grants.
Supplemental Financial Data(Tax Year 2024)
T Rowe Price Program for Charitable Giving Inc operates a donor-advised fund (DAF) program with 4,343 accounts.
Filing History(Tax Years 2000–2024)
5 records
Showing the 5 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-04-01 – 2025-03-31 | $302.2M | $146.8M | $648.2M |
| 2023 | 990 | 2023-04-01 – 2024-03-31 | $139.9M | $115.0M | $600.1M |
| 2022 | 990 | 2022-04-01 – 2023-03-31 | $109.9M | $100.6M | $510.9M |
| 2021 | 990 | 2021-04-01 – 2022-03-31 | $181.3M | $110.0M | $536.4M |
| 2020 | 990 | 2020-04-01 – 2021-03-31 | $121.5M | $86.5M | $487.1M |
| 2000–2019 | No filings acquired yet | ||||
Frequently Asked Questions
What does T Rowe Price Program for Charitable Giving Inc do?
THE T. ROWE PRICE PROGRAM FOR CHARITABLE GIVING PROMOTES PERSONAL AND CORPORATE (SEE SCH O)
How much revenue does T Rowe Price Program for Charitable Giving Inc have?
T Rowe Price Program for Charitable Giving Inc reported $302,192,989 in total revenue for tax year 2024, up 116.0% from the prior year.
Who is the highest-paid executive at T Rowe Price Program for Charitable Giving Inc?
MARY J MILLER, DIRECTOR, received $2,500 in total compensation as of tax year 2024.
Is T Rowe Price Program for Charitable Giving Inc a 501(c)(3)?
Yes, T Rowe Price Program for Charitable Giving Inc is classified as a 501(c)(3) tax-exempt organization.
Where is T Rowe Price Program for Charitable Giving Inc located?
T Rowe Price Program for Charitable Giving Inc is headquartered in BALTIMORE, MD 212021009.
What type of nonprofit is T Rowe Price Program for Charitable Giving Inc?
T Rowe Price Program for Charitable Giving Inc is classified under NTEE code T90 (Named Trusts N.E.C.), within the Philanthropy, Voluntarism & Grantmaking category. It is a 501(c)(3) tax-exempt organization.
Is T Rowe Price Program for Charitable Giving Inc audited?
Yes, T Rowe Price Program for Charitable Giving Inc's financial statements are audited, and the organization has an audit committee.
How much does T Rowe Price Program for Charitable Giving Inc spend on fundraising?
T Rowe Price Program for Charitable Giving Inc reported $502 in fundraising expenses for tax year 2024, which represents 0.0% of total expenses.
Does T Rowe Price Program for Charitable Giving Inc give grants?
Yes, T Rowe Price Program for Charitable Giving Inc distributed $144,929,825 in grants to other organizations and individuals in tax year 2024. Top recipients include NATIONAL PHILANTHROPIC TRUST, TABOR ACADEMY, MAYO CLINIC.
Data Source
Prepared by: KPMG LLP, MCLEAN, VA
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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