Overview
What is T Rowe Price Program For Charitable Giving Inc?
T Rowe Price Charitable Giving Inc is a US-based nonprofit organization dedicated to fostering personal and corporate philanthropy. By offering a tax-efficient platform, they help individuals and corporations initiate, grow, and distribute charitable donations to eligible organizations. The program pools these contributions for investment, allowing them to make grants to numerous charities, totaling nearly 29,000 grants to over 11,000 organizations in a given year. Their efforts not only facilitate charitable giving but also contribute to its promotion.
Official website here: www.programforgiving.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 91% - Four-Star out of Four Star Rating
T Rowe Price Program For Charitable Giving Inc achieved a commendable 91% score with a Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. The charity boasts a completely independent board and excellent oversight mechanisms, as evidenced by its perfect scores on key accountability metrics, ensuring transparency and responsible management of funds.
The organization excels in program expense efficiency, with an impressive program expense ratio of 99.17%, meaning a large portion of its resources directly supports charitable activities. Additionally, it maintains a favorable liabilities to assets ratio of 0.01%, showcasing financial stability and prudent fiscal management.
However, the charity does have notable gaps, particularly concerning the reporting of CEO compensation and audit postings on its website, which could detract from its overall accountability perception. Furthermore, staff member listings are also missing online, which may affect transparency in personnel matters. Despite these limitations, the organization demonstrates a strong commitment to effective governance and donor privacy.
This AI summary has been generated from information found on Charity Navigator.
Is T Rowe Price Program For Charitable Giving Inc legitimate?
T Rowe Price Program For Charitable Giving Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. T Rowe Price Program For Charitable Giving Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $12,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $391,092
For more financial information, click here
Official website here: www.programforgiving.org
What is the mission statement of T Rowe Price Program For Charitable Giving Inc?
T Rowe Price Charitable Giving Inc encourages both personal and corporate philanthropy across the United States. By offering a tax-efficient and effective means for initiating, growing, and distributing charitable donations, the program supports various qualified organizations. Through collective investment of received contributions, the program makes grants to numerous charities, totaling nearly 29,000 in a year. The program's mission extends beyond just providing grants, as it also promotes philanthropy in the broader community.
Official website here: www.programforgiving.org
Who is the CEO of T Rowe Price Program For Charitable Giving Inc?
John E Brothers is the Director of T Rowe Price Program For Charitable Giving Inc.
Official website here: www.programforgiving.org
What is the revenue of T Rowe Price Program For Charitable Giving Inc?
T Rowe Price Program For Charitable Giving Inc's revenue in 2023 was $109,930,898.
Official website here: www.programforgiving.org
Who are the executives of T Rowe Price Program For Charitable Giving Inc and what are their salaries?
There 6 volunteers at T Rowe Price Program For Charitable Giving Inc.
Here are 12 key members and their salaries:
- Compensation: $2,500
- Related: $0
- Other: $0
- Compensation: $2,500
- Related: $0
- Other: $0
- Compensation: $2,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $2,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $2,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.programforgiving.org
Where can I find the form 990 for T Rowe Price Program For Charitable Giving Inc?
T Rowe Price Program For Charitable Giving Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.programforgiving.org
Learn more at the official website: www.programforgiving.org
Mission Statement of T Rowe Price Program For Charitable Giving Inc
T Rowe Price Charitable, a leading promoter of philanthropy, empowers individuals and corporations in the United States to make a significant impact on qualified organizations. The tax-efficient program facilitates the growth and distribution of charitable contributions through collective investment, granting nearly 29,000 grants to over 11,000 charities in a year. By pooling donations, T Rowe Price Charitable amplifies the giving power of its donors, ultimately contributing to the betterment of various communities and causes. The program's mission extends beyond grant making, as it also encourages and fosters a culture of philanthropy.
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Impact
October, 2024
T Rowe Price Program For Charitable Giving Inc plays a significant role in enhancing philanthropy across the United States. By providing a tax-efficient and effective platform for both individual and corporate donors, it facilitates the initiation, growth, and distribution of charitable contributions to a myriad of qualified organizations.
With a focus on pooling charitable contributions for collective investment, the program has successfully made nearly 29,000 grants to over 11,000 charitable organizations in just one year. This impressive outreach not only helps in alleviating immediate needs across various sectors but also promotes a culture of giving by encouraging more people and businesses to engage in philanthropy.
Through its efforts, T Rowe Price Charitable not only supports a wide array of causes but also fosters a more generous society by making charitable giving more accessible and impactful for donors.
This information is meant to be a general summary of T Rowe Price Program For Charitable Giving Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $7,461,779
- Gross Receipts: $274,995,369
Assets and Liabilities:
- Total Assets: $511,020,672
- Total Liabilities: $121,386
- Net Assets: $510,899,286
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Organization Details
Founding Year
2000
Phone
(410) 345-3457Principal Officer
John E Brothers
Main Address
100 EAST PRATT STREET, BALTIMORE, MD, 212021009
Website
www.programforgiving.orgNTEE Category
Code: T90 - Philanthropy
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