By Jonet Johnson, AVP and Associate Experience Manager at T. Rowe Price
I still remember standing at the bus stop at 5:15 a.m., waiting for the empty school bus to pull up in my neighborhood. My mother was always nearby, waiting in the car (at 14 years old, I was “too cool” to sit in the car with her) until the bus arrived and we pulled off, heading out to make the long trek to my out-of-district high school.
Careers through Culinary Arts Program (C-CAP) announced a broad partnership with T. Rowe Price to open 529 accounts within the Maryland Senator Edward J. Kasemeyer College Investment Plan, the T. Rowe Price College Savings Plan, and Alaska 529. This partnership will highlight a financial education program for both C-CAP’s 2021 cash scholarship awardees, and its 20,000 students who are C-CAP students annually.
Cara Garcia-Bou of the T. Rowe Price Foundation is the 2021 recipient of the ACCP Rising Star Purpose Award, which is given to a junior or mid-level professional in corporate citizenship whose work has created outsized impact either inside or outside the company, without the advantage of positional authority.
By Jhonell Campbell, Legal counsel at T. Rowe Price and board member at Maryland Volunteer Lawyers Service (MVLS).
Many law students are eager to use their skills after graduation, but they often miss a meaningful opportunity to help those in need of legal services, which can positively impact their own corporate work. In my case, I spent my first few months after graduation as an attorney volunteering with a variety of nonprofit organizations, including Maryland Volunteer Lawyer Service (MVLS).
Cheryl Mickel, head of U.S. Taxable Low Duration and portfolio manager in the Fixed Income Division at T. Rowe Price Associates, is among The Network Journal’s 2021 list of 25 Influential Black Women in Business. This award honors women whose professional achievements have significantly impacted an industry or profession and made important contributions to their community.
Employers have opportunity to address social inequality through defined contribution plans
August 24, 2021 /3BL Media/ - T. Rowe Price, a global investment management firm and a leader in retirement, today released a series of white papers featuring findings from its sixth annual Retirement Savings and Spending survey focused on the financial attitudes and behaviors of 401(k) savers and retirees. Among the notable findings, the research found that Black and Latinx 401(k) savings rates are lower compared to their white counterparts.
The racial wealth gap offers a striking example of an area where there has been little progress over time. According to the Federal Reserve’s 2019 Survey of Consumer Finances, the median net worth of Black families was $24,100 compared with the median net worth of $188,200 for white families. These numbers illustrate the long-term effect and economic impact that several hundred years of systemic racism can produce.
In her recent article for Forbes, Judith Ward, CFP®, a senior financial planner with T. Rowe Price points out that women face many unique financial challenges—from the gender pay gap to the coronavirus pandemic, which caused disproportionate economic challenges—compared with men.
“Now that 2020 is behind us and hope is on the horizon—thanks to the COVID-19 vaccine—this may be a good time to revisit our financial goals,” she says.
Judith counts down her top 10 goals for women, which include:
Following SASB and TCFD Frameworks, Report Highlights Corporate ESG Progress and Commitments to Communities and Associates
July 8, 2021 /3BL Media/ - T. Rowe Price Group (NASDAQ-GS: TROW) has published its 2020 Sustainability Report, A Resolve to Reach Higher, highlighting progress on its sustainability journey, its commitment to increasing transparency and accountability, and plans for developing new environmental targets.
T. Rowe Price taps the talent of its workforce to provide skills-based volunteering and solve business challenges of Baltimore nonprofits
June 24, 2021 /3BL Media/ - Business Volunteers Maryland (BVM) and T. Rowe Price came together on June 23, 2021, to host skillCONNECT, a scope-a-thon supporting four Baltimore-area grassroots nonprofits focused on racial equity.
During skillCONNECT, teams of volunteers from T. Rowe Price worked with the nonprofits, bringing their expertise and ideas to help the organizations navigate business challenges related to strategic planning, finance, fundraising, human resources, marketing, and more.