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Nonprofiteer
← T ROWE PRICE PROGRAM FOR CHARITABLE GIVING INC

Form 990 for tax year 2023

Filed by T ROWE PRICE PROGRAM FOR CHARITABLE GIVING INC.

Totals

Total revenue
$139,901,499
Total expenses
$115,035,876
Contributions and grants received
$124,958,380
Grants paid
$113,346,626
Program service revenue
$0
Investment income
$14,943,119
Other revenue
$0
Total assets, end of year
$600,203,915
Total liabilities, end of year
$101,660
Net assets or fund balances, end of year
$600,102,255
Program services expenses (Part IX)
$114,174,637
Management and general expenses
$859,215
Fundraising expenses
$2,024
Program service expenses (Part III)
$114,174,637

Program services were 99.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $124,958,380

  • 1g · Noncash contributions included above

    $97,555,973

  • 3 · Investment income

    total $14,986,643 · excluded $14,986,643

  • 7a · Gross sales of assets other than inventory

    securities $218,588,114

  • 7b · Less cost or other basis and sales expenses

    securities $218,631,638

  • 7c · Gain or loss

    securities -$43,524

  • 7d · Net gain or loss

    total -$43,524 · excluded -$43,524

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $113,346,626 · program services $113,346,626

  • 5 · Compensation of officers, directors and key employees

    total $12,500 · program services $12,500

  • 7 · Other salaries and wages

    total $415,949 · program services $415,949

  • 9 · Other employee benefits

    total $153,717 · program services $153,717

  • 11b · Fees: legal

    total $9,943 · management and general $9,943

  • 11c · Fees: accounting

    total $53,258 · management and general $53,258

  • 11f · Fees: investment management

    total $348,825 · management and general $348,825

  • 11g · Fees: other

    total $164,250 · management and general $164,250

  • 12 · Advertising and promotion

    total $2,024 · fundraising $2,024

  • 13 · Office expenses

    total $3,329 · program services $605 · management and general $2,724

  • 14 · Information technology

    total $264,192 · management and general $264,192

  • 16 · Occupancy

    total $245,240 · program services $245,240

  • 23 · Insurance

    total $5,758 · management and general $5,758

  • 24a · Other expenses: STATE REGISTRATIONS

    total $10,265 · management and general $10,265

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,177 · end of year $24,775

  • 2 · Savings and temporary cash investments

    beginning of year $1,008,771 · end of year $1,360,520

  • 11 · Investments: publicly traded securities

    beginning of year $507,469,428 · end of year $596,811,189

  • 15 · Other assets

    beginning of year $2,535,296 · end of year $2,007,431

  • 17 · Accounts payable and accrued expenses

    beginning of year $121,386 · end of year $101,660

  • 27 · Net assets without donor restrictions

    beginning of year $510,899,286 · end of year $600,102,255

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

THE T. ROWE PRICE PROGRAM FOR CHARITABLE GIVING PROMOTES PERSONAL AND CORPORATE (SEE SCH O)

  • THE PROGRAM POOLS CHARITABLE CONTRIBUTIONS RECEIVED FOR COLLECTIVE INVESTMENT TO MAKE GRANTS TO CHARITABLE ORGANIZATIONS. DURING THE YEAR THE PROGRAM MADE NEARLY 32,000 GRANTS TO OVER 13,000 CHARITABLE ORGANIZATIONS. THE PROGRAM FURTHER PROMOTES PHILANTHROPY BY PROVIDING EDUCATION ON CHARITABLE GIVING THROUGH ITS WEBSITE, NEWSLETTERS, AND OTHER PRINTED MATERIALS.

    Expenses $114,174,637 · Grants $113,346,626

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • George L Bunting Jr

    DIRECTOR (UNTIL 3/20/2024)

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.6

  • Juliet A Eurich

    DIRECTOR

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.6

  • Paige T Davis

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.6

  • Mary J Miller

    DIRECTOR

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.6

  • Dorothy C Sawyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.6

  • Samuel Hoi

    DIRECTOR

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.6

  • Erika Seth Davies

    DIRECTOR (AS OF 9/6/2023)

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.6

  • David Wilson

    DIRECTOR (AS OF 3/20/2024)

    Total calculated
    $0
    Hours/week
    0.6

  • John E Brothers

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Britton Nyce

    TREASURER & SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Medeaner Robinson

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    0.8

  • Melissa Warren

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.8

  • Cheryl L Emory

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    0.8

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
11 July 2024
IRS schema version
2023v5.1
Source object
202401949349301515

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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