BALTIMORE, July 18 /PRNewswire-FirstCall/ -- The T. Rowe Price Associates
Foundation has named Stacey Van Horn executive director. Ms. Van Horn will be
responsible for directing and managing the Foundation's day-to-day activities,
including charitable giving, corporate memberships and sponsorships, and
general corporate goodwill.
Prior to her current role, Ms. Van Horn was the manager of donor relations
at The T. Rowe Price Program for Charitable Giving Inc., an independent, non-
profit corporation and donor-advised fund which she joined in June 2001. While
with the Program, Ms. Van Horn was responsible for the day-to-day operations
of the Program, including grantmaking, donor communications, and the Program's
services. She also directed the implementation of the database that houses all
Program transactions.
"T. Rowe Price has a long-standing commitment to supporting and making a
lasting impact on the communities in which we live and work," said Ann Allston
Boyce, president of the T. Rowe Price Foundation. "Stacey's knowledge about
nonprofits and the needs of the community make her an ideal fit for this
position."
Ms. Van Horn received her BS in business from Michigan State University
and her Master of Social Work from the University of Maryland School of Social
Work. She is a resident of Parkville, Md.
Established in 1981, the T. Rowe Price Associates Foundation, Inc. is a
vehicle through which the firm accomplishes the goal of improving quality of
life at large by making charitable contributions. As of December 31, 2004, the
Foundation had more than $22 million in assets and in 2004 it made grants of
more than $3.5 million. The Foundation is a strong supporter of nonprofit
organizations benefiting education, arts and culture, civic and community, and
human services interests. Although its main geographic focus is the
Baltimore/Maryland region, it is also responsive to philanthropic requests
from other T. Rowe Price offices throughout the country.
In addition to providing grants, the Foundation also encourages employees
of T. Rowe Price to volunteer for various community projects. The Foundation
has a generous matching gift program where it matches dollar-for-dollar
contributions employees give to qualifying charities of their choice. The
Foundation will also award a cash gift to a qualifying charity where an
employee volunteers at least 25 hours of service a year.
Founded in 1937, Baltimore-based T. Rowe Price (Nasdaq: TROW) is a global
investment management firm with $235.9 billion in assets under management as
of March 31, 2005. The firm provides a broad array of mutual funds, sub-
advisory services, and separate account management for individual and
institutional investors, retirement plans, and financial intermediaries. The
company also offers a variety of sophisticated investment planning and
guidance tools. T. Rowe Price's disciplined, risk-aware investment approach
focuses on diversification, style consistency, and fundamental research. More
information is available at http://www.troweprice.com.
SOURCE T. Rowe Price Associates Foundation, Inc.
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Related links:
http://www.troweprice.com
CONTACT:
Steve Norwitz, +1-410-345-2124, or Rajiv Vyas
+1-410-345-6559, both of T. Rowe Price
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