FAQs

The employer/tax identification number is 31-1709466.

As a 501(c)(3) organization, T. Rowe Price Charitable has a Board of Directors with ultimate authority over investment and grant decisions, including the right to approve grant recommendations and investment allocations. 

The quickest option is to create your account online.   

During the account setup, you will be asked to provide personal information about yourself and other donor-advisors on the account, name your account, choose your default investment pools, and sign up for quarterly statements.

You may also elect to provide details about your first planned contribution to your account. This is optional. Please note that all transfers of assets held outside of T. Rowe Price will require you to take additional steps.

You will have immediate access to your account upon completion of the 3 step sign-up.

For cash: Send a check payable to T. Rowe Price Charitable along with a Contribution of Cash form.

For wire: Enter a Planned Contribution via your online account and provide your bank the following wire instructions: M&T Bank, ABA#022000046, A/C#: 89574181, FBO: Giving Account Name, M&T Bank Address: 1 Light St, Baltimore, MD 21202 

For assets held at T. Rowe Price: Enter a Planned Contribution via your online account or call 1-800-690-0438. 
 

For assets held at a different brokerage firm: Enter a Planned Contribution via your online account and follow the steps outlined in the transfer instructions provided to you. You must initiate the transfer of assets by contacting the brokerage firm.

For assets held at a transfer agent: You must send an original Contribution of Mutual Funds or Securities form and the transfer agent's Change of Ownership/Transfer Request form to T. Rowe Price Charitable. We will complete the paperwork and submit to the transfer agent. 

For mutual funds held directly at the mutual fund institution: You must submit a Contribution of Mutual Funds or Securities form and a copy of your recent mutual fund account statement to T. Rowe Price Charitable. Mutual fund transfer requests are initiated by T. Rowe Price Charitable, not the mutual fund family. 

Receipt letters are generated each Monday for the prior week’s contributions.  Letters are archived to your account under the Letters/Statements tab for your convenient retrieval. Letters contain all necessary information required for reporting of your tax-deductible contribution to the IRS, including date of contribution, value, and asset description. Be sure to compare the receipts with your own records.

Consolidated receipt letters for all contributions made within the previous calendar year are also archived to your online account each January.

Contributions to T. Rowe Price Charitable are fully deductible for the tax year in which they are made. Contributions of cash are deductible up to 60% of adjusted gross income (AGI).  Contributions of long-term appreciated securities are deductible up to 30% of AGI. Contributions over these limits can be carried forward for up to five years.

Grant distributions to charities from your giving account are NOT tax-deductible. 

The minimum initial contribution is $5,000. It is recommended that subsequent contributions be for $500 or more.

T. Rowe Price Charitable accepts marketable securities, which are usually sold the next business day after receipt in T. Rowe Price Charitable's account. Two values apply:

• The contribution value, which you report to the IRS, will be the fair market value of the securities on the day we receive them in good order.
• The liquidation value, which is invested in your account, equals the actual selling price of the securities minus brokerage and other fees associated with the sale. Due to market fluctuation, this value may be more or less than the contribution value.

Security transactions related to donations are subject to commissions and all other applicable fees. For stocks sold through T. Rowe Price Charitable's account at T. Rowe Price, the brokerage commission is $9.95. All fees are subject to change without notice. 

Securities traded on an exchange are reflected in an account balance upon sale and settlement of the securities. Securities that are received in good order are sold at the discretion of T. Rowe Price Charitable. Generally, securities are sold the business day following receipt and settlement of the sale takes two days. Net proceeds would reflect in an account balance the business day after settlement. Note, the net proceeds amount equals the actual selling price of the securities minus any brokerage and other fees associated with the sale. Due to market fluctuation, this value may be more or less than the value of the securities on the day of donation.

Example of contribution timeline, for illustrative purposes only: 

• Monday - Donated shares are received in good order from donor.
• Tuesday - T. Rowe Price Charitable sells the shares on the open market.
• Wednesday - Settlement of net proceeds and purchase into Charitable pool(s).
• Thursday - Your account balance reflects investment of net proceeds.

Yes, you can contribute assets that you have withdrawn from your IRA to your account. Please note that withdrawals from your IRA are taxable and are included as part of your ordinary income. If you do contribute to T. Rowe Price Charitable, you can claim a charitable income tax deduction for the amount of the contribution in the year in which it is made (up to the IRS limits). Prior to making the contribution, you may want to discuss this decision with your tax advisor or attorney.

Contributions from your IRA to your account do not qualify as a Qualified Charitable Deduction (QCD) since donor-advised funds are excluded from the QCD rule under existing regulations. A QCD enables individuals aged 70.5 or older to distribute funds from their IRA directly to eligible charitable organizations and exclude the distribution from their gross income

You can name T. Rowe Price Charitable as a beneficiary on wills, individual retirement accounts, nonretirement accounts, life insurance policies, and charitable trusts.. You may gift a specific dollar amount, a percentage of your assets, or the remainder after all other provisions are specified. If you intend to make the initial contribution to your giving account via this method, please inform us. 

The below information can be used as required by your account administrator, will, etc.:

• Legal Entity Name - T. Rowe Price Charitable (Do not use your DAF’s name)
• Tax Identification Number - 31-1709466 (in lieu of Social Security number) 
• Date of Incorporation - 5/3/2000 (in lieu of birth date)
• Street Address - 100 East Pratt Street Baltimore, Maryland 21224
• Phone Number - 800-690-0438

T. Rowe Price Charitable offers several features that may be relevant and advantageous to you in achieving your charitable giving objectives and strategies.

Specifically, our service offers you:

• The ability to take a tax deduction (up to the allowable IRS limits) in the year of the gift.
• The opportunity to make your grant decisions over a number of years. You decide when you want to support the organizations you feel most strongly about.
• The ability to provide support to multiple nonprofits from one donation of stock.
• The potential to grow your gift within managed investment pools to increase the amount you ultimately contribute. This strategy is especially advantageous for donors who seek current tax advantages yet have high charitable aspirations and a longer investment time horizon.
• The convenience of managing your charitable giving through one account that provides quarterly statements documenting all account activity.
• The ability to name multiple advisors and contributors to your account, promoting charitable giving within your family or business.
• A resource to assist you in researching charitable organizations that may be compatible with your charitable mission or objectives. 

Yes. The minimum account balance is $500. Donors whose accounts fall below the minimum are notified prior to any action being taken.

We do not accept U.S. savings bonds or foreign-registered securities. If you wish to donate privately held stock, business interests, or other noncash assets, please contact us to discuss your intention first.

The IRS Form 8283 is for the reporting of noncash charitable contributions by donors. The acknowledgement letter you receive after each contribution includes all the information necessary to complete the form, which is obtainable from the IRS website, IRS.gov. T. Rowe Price Charitable's tax identification number (31-1709466) should be included on the form. We are not required to sign the form.

Yes, anyone can make a tax-deductible charitable contribution for the benefit of any existing account. Independent donors (those not listed as a donor-advisor on an account) have no rights/privileges to the account and cannot personally benefit from their donation to T. Rowe Price Charitable or subsequent charity recipients.

Donor-advisors are encouraged to name successors and/or beneficiary organizations to their account to create a legacy of giving. Successors are individuals who will assume donor-advisor rights after the active donor-advisors are deceased. Charitable beneficiary organizations will receive the proceeds of an account after active donor-advisors are deceased.

If there is no successor or beneficiary named, T. Rowe Price Charitable will consider the account to be orphaned and follow these procedures:

• If there is no granting history, then the balance of the account will be transferred to our General Giving Fund.
• If there is a granting history, the first consideration will be to make grants that reflect the donor-advisor’s past giving history, and with respect to deceased advisors, making grant awards in memory of such donor-advisors. 
• If the previously supported organizations are no longer eligible, the balance of the fund will be transferred to our General Giving Fund.

You recommend a grant disbursement from your account. Grants may be made to U.S. public charities, private operating foundations, and certain governmental entities. As a result of the Pension Protection Act of 2006, some supporting organizations are no longer eligible for a grant. The minimum grant disbursement is $100. 

Yes, you may once your initial contribution to your account has been processed

All grant recommendations are reviewed by our professional staff. The length of the review process is contingent upon:

• Thoroughness of information provided with the grant recommendation (tax ID /EIN for the charitable organization, mailing address, etc.). 
• Our previous experience with the charitable organization recommended.
• The dollar amount of the recommended grant. Grant recommendations of $250,000 or more require secondary staff approvals.

Donors can follow the status of their grant recommendation via their online account access. You will be contacted if a recommendation cannot be approved. Copies of grant letters sent to charities are archived in your online account.

No, we do not. U.S. charities in good standing with the IRS are eligible for grants.  

These websites provide information to help you make smart choices about your charitable giving. You can research individual charities, as well as find resources, tips and articles about the charitable landscape.

GuideStar
The world's largest source of information on nonprofit organizations.

Charity Navigator
The USA's largest and most utilized evaluator of charities.

BBB Wise Giving Alliance
Produces reports about USA charities, evaluating them against comprehensive Standards for Charity Accountability. 

We send a letter to the organization receiving a grant based on your recommendation. You can request that the letter include your name as the advisor for the grant, the name of the account, and the address. Or you can remain anonymous. A copy of the grant letter is archived in your online account.

We make every effort to honor grant recommendations. Remember that grants must meet the following criteria:

The purpose of the grant must be for a designated charitable cause:

• Arts and Culture
• Education
• Environment
• Human Services
• Medicine and Science
• Religious Activities
• Other Innovative Charitable Undertakings
  
  

The grant recipient must be a recognized U.S. 501(c)(3) public charity, private operating foundation, or qualified governmental entity and directly support designated causes. Please note that some supporting organizations are not eligible for a grant.

No impermissible benefit (for example, school tuition, membership fees, dues, goods bought at charity auctions) may be received by any individuals or entities connected to a giving account.

Grants may not be used for lobbying, political contributions, or support of political campaigns.

Grants may not be made to benefit a specific individual, private non-operating foundation, or foreign-registered charitable organization.

No.

No. Each account is required to distribute a minimum of $100 every three years. We will contact you if your giving account has not met this distribution minimum.

An account will be considered orphaned if the account has not generated a grant disbursement for three years and T. Rowe Price Charitable’s attempts to contact have been unsuccessful for 60 days in either locating the donor-advisor(s) or leading the donor-advisors(s) to recommend a grant. If the account has a named successor, then the successor shall become the primary donor-advisor. If the account has named charitable beneficiary organizations, then funds shall be disbursed to those beneficiaries.

No, all grant checks are mailed directly to the recipient organization.

If you wish to make your recommendation known, you can authorize us to release your personal information in the grant letter that accompanies the check or present your copy of the grant letter to the organization.

You have two options for supporting charities beyond your lifetime:

 1. Name beneficiary charities to receive the remainder of account assets in a lump payment.

 2. Establish a charitable legacy plan to request an annual disbursement of account assets. You select one or more beneficiary organizations, the account duration time, and the annual distribution percentage. A $10,000 minimum account balance is required at the time of activation.

Direct grant disbursements can only be made payable to U.S. charities recognized by the IRS. If you wish to support charitable work outside the U.S., there are two options available: 

1. Recommend a grant disbursement to a U.S. charity for their global work. You can specify the grant purpose if desired. 

2. Recommend a grant disbursement to a U.S. intermediary charity that will pass the funds on to the designated foreign charity. Examples of intermediary charities include CAF America and Myriad USA.  When using an intermediary, be sure to inquire if they work with your designated charity. Most list eligible charities on their website, as well as the fees* that apply. 

Email Questions@trowepricecharitable.org with requests for assistance in creating your global giving strategy. 

*T. Rowe Price Charitable has negotiated special rates for our donors with CAF America and Myriad USA.

We offer 10 investment pools, each with a specific risk/return objective. The pools are composed of no-load mutual funds managed by T. Rowe Price.

The T. Rowe Price investment approach strives to achieve superior performance while considering risks incurred versus potential rewards. Click here for more detailed information on the investment pools. When you open your account, you recommend one or more pools in which to invest your contribution. You can request a change in your investment selection at any time with no fee.

Donor-advisors with an account balance of $5 million or above may request separate portfolio management for their fund account. This service offers an opportunity to recommend the account be invested in individual securities, bonds, and mutual funds. Please contact us for more information.

All investment pools and separately managed portfolios are subject to market risk, including possible loss of principal.

Yes, you can request to reallocate your account balance at any time with no fees. These requests are generally processed every other Friday, depending on the NY Stock Exchange holiday schedule. 

Quarterly pool performance is available for download from the Investments page.

The total annual fees are the sum of the administrative and investment fees.

T. Rowe Price Charitable assesses an annual administrative fee on all donor-advised assets to help cover operating and administrative expenses. The prorated assessment is made on a daily basis and is reflected in the net asset value of each investment pool. Administrative fees and invesment fees are listed on the fees page. 

Accounts that are reduced to a zero balance through grant recommendation(s) within the first six months from account inception will be assessed an administrative fee of $500 prior to awarding the final grant.

Contributions to T. Rowe Price Charitable are fully deductible for the tax year in which they are made. Contributions of cash are deductible up to 60% of adjusted gross income (AGI).  Contributions of long-term appreciated securities are deductible up to 30% of AGI. Contributions over these limits can be carried forward for up to five years.

Grant distributions to charities from your giving account are NOT tax-deductible. 

The IRS Form 8283 is for the reporting of noncash charitable contributions by donors. The acknowledgement letter you receive after each contribution includes all the information necessary to complete the form, which is obtainable from the IRS website, IRS.gov. T. Rowe Price Charitable's tax identification number (31-1709466) should be included on the form. T. Rowe Price Charitable is not required to sign the form. 

Receipt letters are generated each Monday for the prior week’s contributions.  Letters are archived to your giving account under the Letters/Statements tab for your convenient retrieval. Letters contain all necessary information required for reporting of your tax-deductible contribution to the IRS, including date of contribution, value, and asset description. Be sure to compare the receipts with your own records.

Consolidated receipt letters for all contributions made within the previous calendar year are also archived to your online account each January. 

No. Contributions from your Individual Retirement Account (IRA) to your donor-advised fund do not qualify as a QCD since donor-advised funds are excluded from the QCD rule under existing regulations. A QCD enables individuals aged 701/2 or older to distribute funds from their IRA directly to eligible charitable organizations and exclude the distribution from their gross income.

Please do not send grant acknowledgements or tax receipts to T. Rowe Price Charitable. Your acceptance of the grant funds is all that is needed. Please do not add T. Rowe Price Charitable to your organization's mailing list. Grants received should be listed as coming from T. Rowe Price Charitable. You may also include the name of the donor-advised fund or donor-advisor if included in the grant award letter you receive.

Our donor-advisors choose how they want to be acknowledged for each grant recommendation they make. They may choose to share their name, account name, and personal address. If the donor-advisor’s address is included in the grant letter, you may wish to send them an acknowledgement at their provided address. Donor-advisors should not receive a tax receipt from your charity. If no address is provided by the donor-advisor, they do not expect a thank-you from your organization. Please do not send any acknowledgments or other materials to T. Rowe Price Charitable. We do not forward anything to our donor-advisors. If you have further questions, please contact us at Questions@trowepricecharitable.org.

We do not maintain an eligible charity list. Our donor-advisors recommend charities based on their own research and interests. We encourage charities to keep their information current on popular nonprofit research sites, such as GuideStar, Charity Navigator, and BBB Wise Giving Alliance.

Grants from donor-advised funds may only be made for events or memberships if the donation is considered 100% tax deductible by the recipient charity and the donor-advisor receives no personal benefit.