What is the General Giving Fund of The T. Rowe Price Program for Charitable Giving?
The Program has established a General Giving Fund, which accepts contributions on an unrestricted basis. This fund will be used by the Program in making grants according to Program guidelines. It may also be used to cover administrative and overhead expenses of the Program as a whole. Like all gifts made to the Program, 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 also receives assets from donor-advised fund accounts where the advisory rights have lapsed or terminated; from donor-advised fund accounts that fall below the $2,500 minimum (for an extended period); and accounts from which no grant activity has been recorded within five years.
