T. Rowe Price Foundation to give $500K to aid COVID-19 efforts

The T. Rowe Price Foundation announced Friday it will be granting $500,000 to global and local organizations working to relieve the widespread impact of the COVID-19 pandemic and resulting gaps in community services.

The Baltimore-based asset manager said it also is honoring all of its sponsorship commitments throughout greater Baltimore and other regions. All of the funds the firm had allocated for fundraising efforts will now become donations to the nonprofits.

In a news release, the foundation said it also working with existing grantees to determine if there is a need to expedite funding that had been slated for later this year.

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Source: The Daily Record