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.
Open a new giving account.
Contribute cash to an existing giving account.
Contribute mutual funds or stocks to a giving account.
Tips on transferring assets to a giving account.
Recommend a grant disbursement from an existing giving account.
Change the investment pool allocation on an existing giving account.
Update personal information on an existing giving account.
Name or replace donor-advisors, successors, and/or beneficiary organizations on an existing giving account.
Request distributions of charitable account assets after the death of the last remaining donor-advisor.
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What is the tax identification number for T. Rowe Price Charitable?
The employer/tax identification number is 31-1709466.
Who oversees operations?
Click here to learn more about our leadership.
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.
How do I create a giving account?
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.
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#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 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.
How will I receive a tax receipt for my contributions?
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.
What are the tax-deductibility limits for contributions into my giving account?
T. Rowe Price Charitable is a 501c3 public charity that sponsors donor-advised funds. The tax ID/EIN number is 31-1709466.
Contributions to T. Rowe Price Charitable are fully deductible for the tax year in which they are made. Contribution 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.
What is the minimum contribution?
The minimum initial contribution is $5,000. It is recommended that subsequent donations be for $500 or more.
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:
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 are set by those firms.
When will donated securities be credited to a giving account?
Securities traded on an exchange are reflected in a giving 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, typically the next business day. Securities generally settle two days after receipt. 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:
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 70 1/2 or older to distribute funds from their IRA directly to eligible charitable organizations and exclude the distribution from their gross income.
How do I make my giving account a beneficiary in my estate plans?
You can name your giving account as a beneficiary of testamentary contributions from your financial accounts, will, insurance policy, or trust. You may gift a specific dollar amount, a percentage of your assets, or the remainder after all other provisions are specified. Please use our legal name and tax ID number as the named beneficiary in your documents and estate plans: The T. Rowe Price Program for Charitable Giving 31-1709466.
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.
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:
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.
What type of assets are not accepted?
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.
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.
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.
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:
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.
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.
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:
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.
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.
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.
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 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.
Why would a grant recommendation be turned down?
We make every effort to honor grant recommendations. Remember that grants must meet the following criteria:
Am I required to distribute 5% from my giving account each year?
Am I required to make a grant recommendation out of my giving account every year?
No. Each giving 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.
A giving 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 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.
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.
What is the minimum grant amount?
The minimum grant amount is $100.
