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Resources and FAQs

Forms

T. Rowe Price Charitable forms may be completed online or downloaded and filled in by hand. All forms must be signed prior to sending them to T. Rowe Price Charitable.

New account - Adobe Acrobat pdf link

New Account


Open a new giving account.

Contribution of cash - Adobe Acrobat Icon

Contribution of Cash


Contribute cash to an existing giving account.

Contribution of Mutual Funds - Adobe Acrobat Icon

Contribution of Mutual Funds or Securities


Contribute mutual funds or stocks to a giving account.

Grant recommendation form - Adobe Acrobat Icon

Grant Recommendation


Recommend a grant disbursement from an existing giving account.

Pool allocation change - Adobe Acrobat PDF link

Pool Allocation Change


Change the investment pool allocation on an existing giving account.

Address change - Adobe Acrobat PDF link

Address Change


Update personal information on an existing giving account.

Bene change - Adobe Acrobat PDF link

Donor-Advisor or Beneficiary Change


Name or replace donor-advisors, successors, and/or beneficiary organizations on an existing giving account.

TRP Past 990 Tax Form PDF links

T. Rowe Price Charitable's 990 Tax Form


Download forms for the current and proceeding years.

2017 990 Tax Form

2016 990 Tax Form

2015 990 Tax Form



For earlier forms, please contact us.

Publications

Read the latest news along with key developments in the field of charitable giving.


Frequently Asked Questions

ABOUT T. ROWE PRICE CHARITABLE

What is the tax identification number for T. Rowe Price Charitable?

The employer/tax identification number is 31-1709466.

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Who oversees operations?

Click here to learn more about our leadership.

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What are the responsibilities of T. Rowe Price Charitable's Board of Directors?

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.

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CONTRIBUTIONS TO A GIVING ACCOUNT

How do I create a giving account?

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 four-step sign-up.

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How do I contribute to a giving account?

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#0520-0011-3, A/C#: 89574181, FBO: Giving Account Name

 

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 copy of your recent mutual fund account statement to T. Rowe Price Charitable. Mutual fund transfer requests must be initiated by T. Rowe Price Charitable, not the mutual fund family. 

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What is the minimum contribution?

The minimum initial contribution is $10,000. It is recommended that subsequent donations be for $500 or more.

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May I make a gift of securities? What value is placed on my gift?

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

  • The contribution value, which you report to the IRS, will be the average market value of the securities on the day we receive them in good order.
  • The proceeds amount, which is invested in your giving 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.

 

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What fees are applicable to the sale of securities donated in kind?

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. The commissions for securities sold through other firms with which T. Rowe Price Charitable has an account (for example, Charles Schwab, E*Trade, Morgan Stanley) are set by those firms.

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Can I donate from my IRA to T. Rowe Price Charitable now?

Yes, you can contribute assets that you have withdrawn from your IRA to your giving 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 to ensure that these assets are not needed for you or your family.

Please note: Contributions from your IRA to your giving 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 701/2 or older to distribute funds from their IRA directly to eligible charitable organizations and exclude the distribution from their gross income, up to $100,000. 

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Can I leave assets in my IRA to T. Rowe Price Charitable?

Yes, you can leave your IRA or other retirement accounts to T. Rowe Price Charitable for the benefit of your giving account. The most common way to do this is to name T. Rowe Price Charitable as the primary beneficiary of your IRA or retirement account.

If you intend to make the initial contribution to your giving account via this method, please inform us. 

The advantage of this strategy is that your estate will receive an estate tax charitable deduction for the amount of the bequest. Prior to making the contribution, you may want to discuss this decision with your tax advisor or attorney to ensure that these assets are not needed for you or your family.

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Why not contribute directly to the charity of my choice?

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 philanthropists 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. 
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Is there a minimum account balance?

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

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What type of assets are not accepted?

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

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What is the IRS Form 8283?

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. 

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Can anyone make contributions for the benefit of another person's giving account?

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. 

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What happens to a giving account when a donor-advisor is deceased?

Donor-advisors are encouraged to name successors and/or beneficiary organizations to their giving 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 a giving 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:

  1. If there is no granting history, then the balance of the giving account will be transferred to our General Giving Fund.
  2. 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. 
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Grant Disbursements

How do I support charities of my choice?

You recommend a grant disbursement from your giving 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. 

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May I make a grant disbursement from my account as soon as it's established?

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

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How long will it take for my recommendation to be considered?

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 (federal tax ID number/EIN for charitable organization, mailing address, etc.).
  • Our previous experience with the charitable organization recommended.
  • The dollar amount of the recommended grant:
    Grant recommendations of $100,000 or more require the approval of the Board of Directors.

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 giving account. 

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Do you maintain a list of eligible charities?

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 nation's largest and most utilized evaluator of charities.

BBB Wise Giving Alliance

Produces reports about national charities, evaluating them against comprehensive Standards for Charity Accountability. 

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If my grant recommendation is approved, how will I be recognized?

We send a letter to the organization receiving a grant based on your recommendation. You can request that the letter in 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.

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Why would a grant recommendation be turned down?

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. 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. 
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Am I required to make a grant recommendation out of my giving account every year?

No. Each giving account is only required to distribute $250 in grant payments every five years. We will contact you if your giving account has not met this distribution minimum.

A giving account will be considered orphaned if the account has not generated a grant disbursement for five years and T. Rowe Price Charitable’s diligent attempts have been unsuccessful for 60 days in either locating the donor-advisor(s) or causing 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. 

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Can the grant check be mailed to me so I can deliver it to the charity?

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 award letter to the organization.

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What is the minimum grant amount?

The minimum grant amount is $100.

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Can I support charities after my lifetime?

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.
 

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Can I make a grant recommendation to a foreign charity?

Grant disbursements can only be made to U.S. charities recognized by the IRS. However, your grant recommendations to U.S. charities can be used for their charitable purposes outside of the U.S.
 

If you would like to grant to a foreign charity, please contact us to discuss options. 

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General Giving Fund

What is the General Giving Fund of T. Rowe Price Charitable?

The General Giving Fund accepts contributions on an unrestricted basis. This fund is used in making grants according to T. Rowe Price Charitable guidelines. It may also be used to cover administrative and overhead expenses of T. Rowe Price Charitable as a whole. Donations to the General Giving Fund are irrevocable and donors realize their allowable charitable tax deduction in the calendar year in which the donation is made. No donor interest in regard to investments or grants is established.

The General Giving Fund receives assets from: (1) gifts without donor-advised interests; (2) giving accounts where the advisory rights have lapsed or terminated; and (3) giving accounts from which no grant activity has been recorded in five years and efforts to communicate with the donor-advisors, successors, or beneficiaries have failed.

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Why would I consider a gift to the General Giving Fund?

The General Giving Fund provides you with an immediate outlet or direction for your charitable donation. This strategy works best for individuals without a general interest in how their donation will be put to use or who do not have the time or desire to investigate and research appropriate charitable outlets. Grants using assets donated and placed in the General Giving Fund are determined by T. Rowe Price Charitable's Board of Directors.

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Investment Pools

What investment options are available?

We offer nine 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 giving 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 a giving 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.

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How do I find out how the investment pools are performing?

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

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What are the fees associated with a giving account?

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. Annual administrative fees are as follows:

Account Balance Administrative Fee
First $500,000 0.50%
Next $500,000 0.39%
Next $1,500,000 0.18%
Next $2,500,000 0.12%
Next $10,000,000 0.10%
$15,000,000+ 0.09%


T. Rowe Price Charitable has established service agreements with T. Rowe Price Associates, Inc., to manage the investment pools operated for the benefit of T. Rowe Price Charitable and its donors. Investment returns are net of expenses of the underlying mutual funds. Annualized expense ratios for the pools have generally ranged from 0.35% to 0.85%. Click here for the pool's annualized expense ratios as of the last quarter.

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

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.

 

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Can my givng account assets be managed outside of the pool choices?

If your account has a balance of $5 million or more, you can take advantage of the personal attention and investment flexibility of private portfolio management through T. Rowe Price. Please call 1-888-462-4826 to inquire.

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For Charitable Recipients

How should our charity acknowledge grants from T. Rowe Price Charitable?

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.

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Can our charity send a thank-you letter to the donor-advisor who recommended the grant?

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 in 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 correspondences received on to donor-advisors.

If you have further questions, please contact PCGQuestions@ProgramForGiving.org.

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How can our charity be added to the eligible charity list?

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.

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Can grants be accepted by our charity for events and membership?

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."

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