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Baltimore Nonprofit Impact Grants (2024-2026 series) is a grant from the T. Rowe Price Foundation that funds nonprofit organizations strengthening communities across Baltimore. The program provides multi-year support to organizations working in education, economic mobility, community development, and civic engagement.
Eligible applicants are nonprofits serving Baltimore residents, including educational institutions, community development organizations, and human services providers. The 2024-2026 series totals $6. 5 million distributed across multiple awards ranging approximately $75,000 to $150,000 per year over three years.
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T. Rowe Price Foundation - Grant Information & Application Details ← Back to US Funders Directory Ready to apply to T. Rowe Price Foundation ?
Let our AI help you write a winning grant application in minutes, not hours. Get 2 free AI applications → Annual Giving : $12. 6 million (2024) Total Assets : $93.
3 million (2024) Grant Range : $3,000 - $6,500,000 Number of Grants : Approximately 249 annually Geographic Focus : Baltimore (primary), Colorado Springs, San Francisco, New York Email : trowepricefoundation@troweprice. com Website : https://www. troweprice.
com/corporate/us/en/what-sets-us-apart/corporate-responsibility/community-commitment/trp-foundation. html Primary Contact : Prospective grantees should contact the foundation directly via email or through their contact form to begin exploring partnership opportunities. The T.
Rowe Price Foundation was established in 1981 and has distributed more than $194 million in direct grants and matching gift contributions since its founding. As one of the largest corporate philanthropies in Baltimore and Maryland, the foundation is deeply committed to pursuing the long-term success of communities where T. Rowe Price associates live and work.
The foundation employs a community-centric approach that emphasizes listening, responsiveness, and co-creating solutions that create impact in partner communities. Led by President Raymone Jackson, CLU®, who also serves as the head of Community Investment and Diversity, Equity, and Inclusion, the foundation has recently expanded its commitment with a landmark $6.
5 million, three-year grant initiative announced in 2024—its largest commitment to date—focused on strengthening Baltimore's nonprofit sector.
Impact Grants : Multi-year commitments to organizations focused on systemic change and capacity building Recent examples: $450,000 (Coppin State University), $300,000 (Baltimore Nonprofit Finance Fund), $225,000 (Arts Every Day) Typically structured as three-year grants with annual disbursements East Side Impact Grants (2025): $1.
25 million over three years supporting eight community-based organizations and neighborhood associations in East Baltimore Grant amounts range from $125,000 to $150,000 per organization over three years General Operating Grants : Unrestricted funding to support organizational operations Over 140 nonprofits received multi-year general operating grants as part of the 2024 $6.
5 million commitment More than $3 million allocated to this category Capacity Building Support : Free workshops, trainings, cohorts, webinars, and organizational health assessments Engaged over 5,000 organizational leaders in Baltimore (2022) Geographic-Specific Grants : Colorado Springs: $550,000 commitment (2024) Grants also awarded in San Francisco and New York Youth Empowerment : Programs advancing opportunities for young people Creativity and Innovation : Supporting creative approaches to community challenges and arts education Financial Wellbeing : Initiatives promoting economic security and financial literacy Racial Equity : Advancing equity through community investment and systemic change Social Entrepreneurship : Supporting innovative nonprofit models Specific exclusions are not publicly documented.
The foundation primarily supports 501(c)(3) nonprofit organizations or fiscally sponsored projects by 501(c)(3) public charities in their four geographic focus areas. Organizations outside of Baltimore, Colorado Springs, San Francisco, and New York, or working outside the foundation's priority areas, are unlikely to be funded.
Governance and Leadership President : Raymone Jackson, CLU®, who also serves as head of Community Investment and Diversity, Equity, and Inclusion at T. Rowe Price. Jackson champions progressive community engagement and inclusion strategies.
He has stated: "We pride ourselves on supporting the communities where associates live and work," and "I'm a passionate believer in the critical role that D&I plays in facilitating a culture of inclusion and belonging, advancing an organization's priorities while meeting the needs of its clients, and positively impacting the lives of others." Trustee : Vanessa Eluma, who is also chief of staff to the CEO of T.
Rowe Price and a vice president of T. Rowe Price Group, Inc. Senior Director : Stacey Van Horn Application Process & Timeline The T. Rowe Price Foundation operates primarily through a relationship-driven model.
For most grants, the foundation's team will approach organizations directly to invite them to submit a grant proposal. However, they also review unsolicited grant proposals throughout the year that align with their giving areas. Initial Contact : Prospective grantees should contact the foundation directly at trowepricefoundation@troweprice.
com . While the foundation previously used an eligibility questionnaire, as of 2025, this is not active, and direct contact is recommended. Exploratory Call : Qualifying organizations may schedule a call with foundation staff to explore grantmaking opportunities and ensure alignment with foundation priorities.
Formal Proposal : Organizations invited to apply will receive guidance on submitting a formal grant proposal. The foundation has a standard grant application form, though preview versions suggest applications are customized based on the grant type and amount. Information Sessions : The foundation recommends attending an information session when available to learn more about their approach and priorities.
Specific decision timelines are not publicly documented. Given the foundation's relationship-driven approach and multi-year grant commitments, prospective applicants should expect a thorough review process. The foundation does not publish application acceptance or success rates.
With approximately 249 grants awarded annually and a median grant size of $10,000, the foundation maintains a portfolio of ongoing partnerships alongside new grant awards. The foundation does not publicly document a reapplication policy for unsuccessful applicants. Organizations should contact the foundation directly to understand options for reapplication.
Application Success Factors Based on the foundation's stated priorities and recent grant awards, successful applicants typically demonstrate: Geographic and Mission Alignment : Organizations must be located in or serve communities in Baltimore (primary focus), Colorado Springs, San Francisco, or New York, and work in youth empowerment, creativity and innovation, financial wellbeing, or racial equity.
Capacity and Long-Term Vision : The foundation emphasizes long-term partnerships and organizational sustainability. Recent major grants support capacity building initiatives, including the Baltimore Nonprofit Finance Fund launch and Coppin State University's nonprofit sector hub. Organizations demonstrating readiness to scale impact or strengthen operational foundations are well-positioned.
Community-Centric Approach : As the foundation states, they "listen, are responsive, and co-create solutions that support communities." Applications that demonstrate deep community connections, responsiveness to community needs, and collaborative approaches align with this philosophy.
Systemic Change Focus : The foundation's largest commitments target "critical gaps of Baltimore's nonprofit sector" and initiatives that strengthen the broader nonprofit ecosystem. Projects addressing root causes and systemic barriers, rather than only providing direct services, appear to resonate.
Unrestricted Funding Preference : The foundation emphasizes general operating support, with more than $3 million of their 2024 commitment allocated to unrestricted grants across 140+ nonprofits. Organizations seeking flexible funding for core operations may find receptive partners. Engagement with Capacity Building : The foundation offers extensive capacity building programming, engaging over 5,000 organizational leaders annually.
Organizations that participate in these programs—available to both grantees and non-grantees—may strengthen relationships and demonstrate commitment to organizational excellence. Multi-Year Commitment Readiness : Recent grants are structured as three-year commitments. Organizations should be prepared to articulate multi-year goals and demonstrate capacity to manage sustained partnerships.
Key Takeaways for Grant Writers Relationship building is essential : With most grants awarded by invitation, establishing contact with foundation staff early is critical. Attend information sessions and engage with capacity building programs to get on their radar. Think multi-year and systems-level : The foundation's recent $6.
5 million commitment reflects a preference for sustained partnerships and systemic change. Frame proposals around long-term impact and ecosystem strengthening. Geographic focus is narrow but deep : If your organization operates in Baltimore, Colorado Springs, San Francisco, or New York, you're in the target zone.
Baltimore receives the majority of funding (over half). General operating support is available : Unlike many funders, the foundation prioritizes unrestricted grants. Don't hesitate to request funding for core operations and organizational health.
Leverage capacity building resources : Even before receiving a grant, engage with the foundation's workshops, trainings, and organizational health assessments. This demonstrates commitment to excellence and builds familiarity with foundation staff. Align with D&I and equity priorities : Under President Raymone Jackson's leadership, the foundation emphasizes diversity, equity, inclusion, and racial equity.
Applications should demonstrate how these values are integrated into organizational culture and programming. Contact directly : With the eligibility questionnaire inactive as of 2025, email trowepricefoundation@troweprice. com to explore opportunities and ensure your organization aligns with current priorities.
T. Rowe Price Foundation official page: https://www. troweprice.
com/corporate/us/en/what-sets-us-apart/corporate-responsibility/community-commitment/trp-foundation. html Cause IQ profile: https://www. causeiq.
com/organizations/t-rowe-price-foundation,521231953/ ProPublica Nonprofit Explorer: https://projects. propublica. org/nonprofits/organizations/521231953 Yahoo Finance: "T.
Rowe Price Foundation Grants $6. 5 Million To Support Non-Profits in Baltimore" (January 2024): https://finance. yahoo.
com/news/t-rowe-price-foundation-grants-181500719. html Technical. ly: "With $6.
5M, T. Rowe Price says 'Baltimore is the best place in the world to change the world'" (2024): https://technical. ly/civic-news/t-rowe-price-foundation-grants-baltimore-aed-cllctivly/ T.
Rowe Price press release: "T. ROWE PRICE FOUNDATION ANNOUNCES $1. 25 MILLION COMMITMENT TO SUPPORT BALTIMORE'S EAST SIDE THROUGH THE EAST SIDE IMPACT GRANTS" (June 2025): https://investors.
troweprice. com/news-releases/news-release-details/t-rowe-price-foundation-announces-125-million-commitment-support T. Rowe Price press release: "T.
ROWE PRICE FOUNDATION GRANTS $550K TO SUPPORT NONPROFITS IN COLORADO SPRINGS" (2024): https://investors. troweprice. com/news-releases/news-release-details/t-rowe-price-foundation-grants-550k-support-nonprofits-colorado Inside Philanthropy: https://www.
insidephilanthropy. com/find-a-grant/grants-t/t-rowe-price-foundation GrantExec: https://grantexec. com/foundations/521231953 Coppin State University: "Coppin State Receives Grant from T.
Rowe Price Foundation": https://www. coppin. edu/news/coppin-state-receives-grant-t-rowe-price-foundation Arts Every Day: "AED Awarded $225K from T.
Rowe Price Foundation Impact Grant": https://artseveryday. org/aed-awarded-225k-from-t-rowe-price-impact-grant/ Raymone Jackson biography, T. Rowe Price: https://www.
troweprice. com/institutional/us/en/bios/biodetails. bio-raymone-jackson.
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Based on current listing details, eligibility includes: Nonprofits serving Baltimore, including educational institutions, community development organizations, arts and financial empowerment groups Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates Total $6.5 million over three years across multiple awards—individual awards range approximately $75,000–$150,000 per year Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is rolling deadlines or periodic funding windows. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
Federal grant success rates typically range from 10-30%, varying by agency and program. Build a strong proposal with clear objectives, measurable outcomes, and a well-justified budget to improve your chances.
Requirements vary by sponsor, but typically include a project narrative, budget justification, organizational capability statement, and key personnel CVs. Check the official notice for the complete list of required attachments.
Yes — AI tools like Granted can help research funders, draft proposal sections, and check compliance. However, always review and customize AI-generated content to reflect your organization's unique strengths and the specific requirements of the solicitation.
Review timelines vary by funder. Federal agencies typically take 3-6 months from submission to award notification. Foundation grants may be faster, often 1-3 months. Check the program's timeline in the official solicitation for specific dates.
Many federal programs offer multi-year funding or allow competitive renewals. Check the official solicitation for continuation and renewal policies. Non-competing continuation applications are common for multi-year awards.
Capacity Building Support is a grant program from the T. Rowe Price Foundation that invests in the growth of strong nonprofit leaders, organizations, and networks in cities where T. Rowe Price operates. Founded in 1981, the T. Rowe Price Foundation has provided over $204.5 million in direct grants and matching gift contributions. The program takes a community-centric approach, co-creating solutions that expand opportunities, enrich lives, and enable equitable outcomes. Eligible applicants are 501(c)(3) nonprofit organizations located in Baltimore, Colorado Springs, San Francisco, and New York. Award amounts vary by project and organizational need.
East Side Impact Grants is a program from the T. Rowe Price Foundation that funds community-based organizations and neighborhood associations in East Baltimore through a $1.25 million, three-year investment. This initiative is part of the Foundation's broader $6.5 million grant program, which addresses gaps in Baltimore's nonprofit sector and represents the Foundation's largest commitment to date. Eight organizations will receive grants ranging from $125,000 to $150,000 per organization over three years to strengthen locally-driven community development. Eligible applicants are 501(c)(3) nonprofit organizations and neighborhood associations serving East Baltimore. The program reflects T. Rowe Price's commitment to communities where its associates live and work.
Moonshot Initiative is a grant from the T. Rowe Price Foundation in partnership with Ignite Capital that funds Baltimore-based social entrepreneurs building enterprises that strengthen underserved communities and shift markets through impact investing principles. The program highlights bold founders driving community impact and economic opportunity in under-resourced neighborhoods, providing financial awards and capacity-building support. Eligible applicants are Baltimore-based social entrepreneurs and founders whose ventures integrate community development with market innovation. Specific award amounts are not publicly disclosed. No current deadline is listed.