Dorothy Krug paved the way for women in corporate America and beyond
Aself-made woman. That’s how Clark Carter describes his second cousin, Dorothy Krug, who was hired as a secretary at the start-up investment firm T. Rowe Price in 1943 and went on to become its first female vice president. Like her mother (a former missionary who later ran a Chinese import business), Dorothy valued service, loved travel and proved a savvy businesswoman. As one of the first five employees at T. Rowe Price, then operating on a shoestring budget, she was offered an ownership stake in lieu of higher pay. She took it, and as the company grew, Dorothy rose through the ranks to become the Vice President of Human Resources. Along the way she launched the careers of many future business leaders and philanthropists.
Dorothy loved the cultural education travel provided – “she didn’t vacation in Ocean City; she went to Rome, Japan and China,” says Clark – and felt strongly that the benefits should be extended to others. She made generous gifts to her alma mater Goucher College, the Baltimore Museum of Art, the Walters Art Museum and many others, while also organizing cultural trips via the Hamilton Street Club and other civic organizations. Says Clark: “Dorothy really taught [my sisters and me] valuable lessons: the value of knowledge, learning about culture and looking after the community around you.”
That concern for the community carried forth even after Dorothy’s death at age 99 from the coronavirus. She left bequests to 18 charities, including a $150,000 contribution to the Baltimore Community Foundation to be used for what we saw as the greatest need. This past year, of course, that was coronavirus relief. By the time Dorothy’s gift was received in the fall of 2020, BCF had homed in on the educational equity implications of the pandemic. Her gift was directed to our COVID-19 Evolving Community Needs Fund, supporting everything from remote learning devices and school supplies to virtual tutoring and house-by-house wellness checks.
It’s a fitting legacy for the cousin Clark calls “the intellectual one” in the family – keeping countless young minds engaged and on the path to education
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BCF was honored to receive Dorothy Krug’s bequest, and many others last year to support and strengthen communities across the Baltimore region. To learn more about legacy giving options contact our Director of Gift Planning by clicking on the button below.