Rowe Price and its Foundation announced today a $2 million commitment to organizations working to fight racial injustice.
This commitment follows a recent statement by the firm’s President and CEO Bill Stromberg on fighting racial injustice and builds on the firm’s existing efforts to promote racial equity.
Bill Stromberg, president and chief executive officer, T. Rowe Price states: “My hope is that we are at an inflection point and that our actions and voice will contribute to the encouraging momentum behind the call for racial justice.
Today, on the eve of Juneteenth, the firm and its Foundation continue their commitment with the donation of $2 million to support organizations that are working to dismantle racial injustice.”
Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), is a global investment management organization with $1.19 trillion in assets under management as of May 31.
