The Philip E. and Carole R. Ratcliffe Foundation operates as a charitable organization designed to cultivate and reward entrepreneurship, create jobs and expand economic opportunity. Based in Annapolis Maryland, the Ratcliffe Foundation provides funds to institutions to encourage entrepreneurship in non-traditional business fields such as skilled trades, arts & design, and aquaculture & environmental sciences. The Ratcliffe Foundation strives to integrate its programs with the local communities through mentorships and business involvement.