| FORM 990, PART III, LINE 1: ORGANIZATION'S MISSION |
THE T. ROWE PRICE PROGRAM FOR CHARITABLE GIVING WAS FOUNDED TO PROMOTE INDIVIDUAL AND CORPORATE PHILANTHROPY THROUGHOUT THE UNITED STATES BY PROVIDING A TAX-EFFICIENT AND EFFECTIVE MEANS FOR INITIATING, GROWING, AND DISTRIBUTING CHARITABLE GIFTS TO QUALIFIED CHARITABLE ORGANIZATIONS AND GOVERNMENTAL ENTITIES. INDIVIDUALS AND CORPORATIONS ESTABLISH AND MAINTAIN DONOR-ADVISED FUND ACCOUNTS BY MAKING CONTRIBUTIONS TO THE PROGRAM. BASED ON DONOR RECOMMENDATIONS, THESE CONTRIBUTIONS ARE INVESTED AMONG NINE INVESTMENT POOLS TO POTENTIALLY GROW OVER TIME. DONORS MAY RECOMMEND THAT GRANTS BE MADE FROM DONOR-ADVISED FUND ACCOUNTS TO SUPPORT QUALIFIED PUBLIC CHARITIES, PRIVATE OPERATING FOUNDATIONS, AND GOVERNMENTAL ENTITIES. THE PROGRAM FOR CHARITABLE GIVING ALSO EDUCATES DONORS AND POTENTIAL DONORS ABOUT THE HISTORY OF PHILANTHROPY, THE REWARDS OF CHARITABLE GIVING, AND OPPORTUNITIES FOR VOLUNTEERING. INFORMATION IS PROVIDED THROUGH THE PROGRAM'S NEWSLETTER, WEBSITE, AND OTHER PRINTED MATERIALS. |
| FORM 990, PART VI, SECTION A, LINE 2 |
SUSANNE P. VOELKER (TREASURER & SECRETARY), KATHRYN L. REILLY (ASST. SECRETARY) AND CHERYL L. EMORY (ASST. SECRETARY) WERE OFFICERS OF T. ROWE PRICE GROUP, INC. AND/OR ITS SUBSIDIARIES DURING THE PROGRAM'S FISCAL YEAR ENDED MARCH 31, 2021. |
| FORM 990, PART VI, SECTION B, LINE 11B |
THE FORM 990 IS PREPARED AND REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM, KPMG LLP IN CONJUNCTION WITH THE PROGRAM'S ACCOUNTING DEPARTMENT. THE RETURN IS THEN REVIEWED BY THE PROGRAM'S TREASURER AND PRESIDENT. SUBSEQUENTLY, THE RETURN IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE. THE FINAL FORM 990, AS FILED WITH THE IRS, IS PROVIDED TO ALL VOTING MEMBERS OF THE BOARD PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C |
THE CONFLICT OF INTEREST POLICY, DISCLOSURE QUESTIONNAIRE, AND LIST OF VENDORS USED BY THE T. ROWE PRICE PROGRAM FOR CHARITABLE GIVING ARE CIRCULATED EACH YEAR TO ALL OFFICERS AND TRUSTEES OF THE PROGRAM FOR CHARITABLE GIVING. THESE INDIVIDUALS ARE REQUIRED TO REVIEW THE POLICY AND LIST OF VENDORS, AND THEN COMPLETE AND SIGN THE CONFLICT OF INTEREST DISCLOSURE QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES ARE SUBMITTED TO THE PRESIDENT AND RETAINED BY THE SECRETARY FOR SEVEN YEARS PRIOR TO DESTROYING. IN ACCORDANCE WITH THE REQUIREMENTS OF THE CONFLICT OF INTEREST POLICY, WHEN AN INDIVIDUAL COVERED BY THE POLICY SEES THAT A PROGRAM TRANSACTION POSES A CONFLICT OF INTEREST, THAT INDIVIDUAL DISCLOSES THE CONFLICT OF INTEREST, REFRAINS FROM ATTEMPTING TO INFLUENCE THE OUTCOME OF THE TRANSACTION, AND PHYSICALLY REMOVES HIM OR HERSELF FROM THE DISCUSSIONS AND DECISIONS RELATED TO THE TRANSACTION. IN THE CASE OF CONFLICTS INVOLVING BOARD MEMBERS, THE PROGRAM FOR CHARITABLE GIVING NOTES SUCH DISCLOSURE AND RECUSAL IN THE BOARD MINUTES. |
| FORM 990, PART VI, SECTION B, LINE 15A |
THE PRESIDENT'S COMPENSATION IS SET BY THE BOARD OF DIRECTORS ANNUALLY AFTER REVIEWING MARKET DATA THAT SHOWS THE COMPENSATION LEVELS FOR POSITIONS OF SIMILAR RESPONSIBILITY AT SIMILARLY SITUATED CHARITABLE ORGANIZATIONS IN THE SAME GEOGRAPHIC AREA. THIS WAS DONE DURING THE 2019 FISCAL YEAR. THE PRESIDENT IS THE ONLY COMPENSATED OFFICER OF THE ORGANIZATION AND NO OTHER EMPLOYEES ARE CONSIDERED KEY EMPLOYEES. THE PRESIDENT'S COMPENSATION IS THE DECISION OF THE BOARD OF DIRECTORS, DOCUMENTED CONTEMPORANEOUSLY THROUGH THE BOARD MINUTES. |
| FORM 990, PART VI, SECTION C, LINE 19 |
THE PROGRAM FOR CHARITABLE GIVING MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY REQUEST. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. |
| FORM 990, PART VII, SECTION A |
JOHN BROTHERS, THE PRESIDENT OF THE PROGRAM FOR CHARITABLE GIVING IS ALSO THE PRESIDENT OF T. ROWE PRICE FOUNDATION, AN UNRELATED TAX EXEMPT ORGANIZATION. THE COST OF THE PRESIDENT'S COMPENSATION IS SHARED BY THE TWO ORGANIZATIONS. JOHN BROTHERS SPENT 25% OF HIS TIME ON THE PROGRAM'S BUSINESS AND THE REMAINING 75% OF HIS TIME ON THE FOUNDATION'S BUSINESS. THE T. ROWE PRICE FOUNDATION REIMBURSES THE PROGRAM FOR ITS 75% SHARE OF THE PRESIDENT'S COMPENSATION AND BENEFITS. ONE FORM W-2 IS ISSUED BY THE PROGRAM THAT INCLUDES THE TOTAL COMPENSATION PAID BY BOTH ORGANIZATIONS. THEREFORE, ON THIS FORM 990 IN PART VII, THE 25% PORTION OF JOHN BROTHERS' COMPENSATION AND BENEFITS RELATED TO THE PROGRAM'S BUSINESS HAS BEEN REPORTED. THE T. ROWE PRICE FOUNDATION REPORTS THE REMAINING 75% PORTION OF COMPENSATION AND BENEFITS ON ITS FORM 990-PF. |
Attach to Form 990 or 990-EZ.