How Our Donor-Advised Fund Works
The T. Rowe Price Program for Charitable GivingSM is a national, donor-advised fund that was founded by the global financial firm, T. Rowe Price, in 2000. The Charitable Giving Program provides an efficient and effective means for initiating, growing, and distributing charitable gifts. Through the Charitable Giving Program, individuals and corporations can actively engage in philanthropy and support qualified charitable organizations throughout the United States.
The Program's highly personalized service, flexible tax advantages, and low annual fees, can help donors be confident they have made the right choice for aligning their financial resources with their charitable passions.
A history of charitable giving
Since its founding in 2000, the Program for Charitable Giving has distributed over
$320 million in grants to public charities, private operating foundations, and government entities.1
The T. Rowe Price Program for Charitable Giving is a public charity as described under section 170(b)(1)(a)(vi) and is tax-exempt under section 501(c)(3) of the Internal Revenue Code. The Program is governed by an independent Board of Directors that brings a variety of expertise to the oversight of the Program and its activities. The Program's tax identification number is 31-1709466.
What is a donor-advised fund?
A donor-advised fund is a fund that is maintained and operated by a section 501(c)(3) organization, which is called a sponsoring organization. Each account is funded by an individual donor who receives an immediate tax deduction for his or her contribution. While the organization has legal control over the contribution, the donor can make grant recommendations to support his or her favorite charities and advise how the account assets are invested.