T. Rowe Price Foundation Grants Half A Million Dollars To Support Communities Impacted By COVID-19 Pandemic
To help ensure that the nonprofit sector remains strong during this challenging time,
To inform the grant-making strategy and determine where it could have the most impact, the Foundation partnered with the city of
Baltimore: $250,000will be donated to the Fund for Educational Excellenceto support food security issues for Baltimore City Public Schoolsstudents and their families who are without meals due to the closure of schools.
- Other T. Rowe Price
U.S.locations: $125,000will be split between nonprofits supporting COVID-19 relief efforts in Colorado Springs, New YorkCity, and San Francisco.
T. Rowe Pricelocations globally: $125,000will be given to the Center for Disaster Philanthropyto support relief efforts in London, Hong Kong, and other global communities outside the U.S.
"We've all been deeply affected by the COVID-19 pandemic, which has disrupted global economies and markets and forced us to live and work in completely different ways. None of us know for sure how long the pandemic will continue, and the needs of local communities are rising. To help ensure those needs are met, we are mobilizing our resources and working to minimize the pandemic's impact on the social fabric of our communities."
"This is a challenging time for families, entrepreneurs, the institutions that serve them, and our hearts go out to those most directly impacted by the coronavirus. It is critical we minimize the disruption in services on which our communities rely, and we're pleased to partner with Baltimore City and other organizations to help minimize the impact of the COVID-19 pandemic."
Founded in 1937,
The Foundation has made
Amy Burke Friedman, PROFILES, 410-382-5496, email@example.com; Heather McDonold, T. Rowe Price, 443-834-4132, firstname.lastname@example.org