The T. Rowe Price Foundation announced it will grant $500,000 to global and local organizations working to relieve the widespread impact of the COVID-19 pandemic and resulting gaps in community services.
To help ensure that the nonprofit sector remains strong during this challenging time, T. Rowe Price is also honoring all sponsorship commitments throughout greater Baltimore and other regions.
To inform the grant-making strategy and determine where it could have the most impact, the Foundation partnered with the city of Baltimore, the Center for Disaster Philanthropy, and other experts and stakeholders. The Foundation will be allocating the grant toward:
- Baltimore: $250,000 will be donated to the Fund for Educational Excellence to support food security issues for Baltimore City Public Schools students and their families who are without meals due to the closure of schools.
- Other T. Rowe Price U.S. locations: $125,000 will be split between nonprofits supporting COVID-19 relief efforts in Colorado Springs, New York City, and San Francisco.
- Other T. Rowe Price locations globally: $125,000 will be given to the Center for Disaster Philanthropy to support relief efforts in London, Hong Kong, and other global communities outside the U.S.
To learn more, visit T. Rowe Price’s website.
Source: T. Rowe Price