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The T. Rowe Price Foundation Kept Most Of Its Money In The Family

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Michelle deBoer-Jones
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One of the most well-known hedge funds in the world is the T. Rowe Price Group, and the hedge fund contributes to a foundation of the same name as part of its philanthropic efforts. Interestingly, the T. Rowe Price Foundation contributes to several T. Rowe Price funds and one other fund.

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According to the 990-PF for the fiscal year ending in December 2019, the foundation invested in the T. Rowe Price Spectrum Growth Fund, the T. Rowe Price Spectrum Income Fund, and the T. Rowe Price Short-Term Bond Fund. It also invested in the T. Rowe Price Spectrum...

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.