The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Fundster Charity: Mansueto and T. Rowe Make New Donations Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, March 10, 2016

Fundster Charity: Mansueto and T. Rowe Make New Donations

News summary by MFWire's editors

Joe Mansueto and the folks at T. Rowe Price [profile] both broke out their checkbooks this week to support local causes.

Joe Mansueto
T. Rowe Price
Chief Executive Officer
The University of Chicago confirms that Chicago-based Morningstar's billionaire founder, Joe Mansueto, and his wife, Rika Mansueto, pledged a $35-million gift to create the Mansueto Institute for Urban Innovation. The local ABC affiliate, Bloomberg, the Chicago Sun-Times, the Chicago Tribune, and DNAinfo all reported on the couple's gift.

"The dramatic rise in large cities over the past 50 years has created some of society's most difficult problems and most promising opportunities," Mansueto states. "Rika and I want to put some of our resources towards addressing these issues."

Both Joe and Rika Mansueto are alumni of the University of Chicago. And this is not their first big donation to the university; eight years ago they contributed $25 million to support building the school's Joe and Rika Mansueto Library.

Meanwhile, Rick Seltzer of the Baltimore Business Journal reports that today the T. Rowe Price Foundation will pledge $1.3 million in grants to support leadership, families' finances, and fresh produce access in West Baltimore.

"The pledge represents the single-largest commitment in the 35-year history of the foundation," the paper reports.

John Brothers, president of the foundation, tells the paper that they chose to support West Baltimore in light of community feedback after the unrest in the city in April 2015.

$575,000 of the T. Rowe donations will go to a joint school principal leadership development effort between the Maryland Association of Nonprofits and Baltimore Corps. New Leaders. $480,000 will go to financial education by Baltimore Cash, Junior Achievement, and Maryland Cash. And $200,000 will support growing and distributing fresh produce in West Baltimore. And T. Rowe will be working with the involved non-profits to get T. Rowe staff in on the action as volunteers.

The foundation has made more than $92 million in grants since Baltimore-based T. Rowe launched it in 1981. 

Edited by: Neil Anderson, Managing Editor

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2023: Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. MFDF webinar - Latest Updates In Mutual Fund Litigation and Enforcement, June 6
  2. Pershing Insite 2023, Jun 6-8
  3. Nicsa webinar - The Journey From Networking to Sponsorship, June 7
  4. MFDF webinar - SEC Staff Panel, Division of Examinations — IC Issues and Considerations For Fund Boards, June 8
  5. Expect Miracles East Coast Classic, June 8
  6. 2023 MMI Alternative Investments Forum, June 13
  7. WE DC - ESG Panel Discussion, June 13
  8. Nicsa Fearless Leadership Symposium, June 14
  9. MFDF Director Discussion Series - Open Forum (Denver), June 20
  10. The Ben Graham 10th Annual Conference, Jun 20-21
  11. IDC Industry Segment Call - Governance Committee Chairs, June 21
  12. Crane Data's Money Fund Symposium, Jun 21-23
  13. IDC Industry Segment Call - Board Leaders, June 22
  14. 2023 MMI Distribution Leadership Forum, Jun 22-23
  15. MFDF webinar - Closed-End Fund Litigation Overview and Update, June 27
  16. MFDF Director Discussion Series - Open Forum (Atlanta, GA), June 28
  17. MFDF Director Discussion Series - Open Forum (Kansas City), June 30
  18. MFDF Director Discussion Series - Open Forum (New York), July 18
  19. 2023 MMI Leadership Pathway Seminar, Jul 19-20
  20. MFDF webinar - Generative AI — It's Here, July 20
  21. MFDF Director Discussion Series - Open Forum via Zoom, July 27
  22. MFDF Director Discussion Series - Open Forum (Milwaukee, WI), August 8
  23. MFDF Improving Equity Fund Alpha Estimates, September 13
  24. 4th Annual ETFGI Global ETFs Insights Summit - United States, Sep 20-21
  25. MFDF webinar - Introduction to Retail Private Markets Funds: Structures to Access Private Equity, Private Credit, Infrastructure and Real Estate Investments, September 27
  26. Expect Miracles Atlanta Coast Classic, October 2

©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use