The Musicians Foundation was incorporated in 1914 by The Bohemians, a prestigious New York-based musicians club known for popularizing chamber music.
The Musicians Foundation is the country’s oldest non-profit providing relief to musicians in need.
Pablo Casals, Max Liebling, and Jan Paderewski played at one of the first benefit concerts for the Musicians Foundation more than a century ago. Jascha Heifitz, Yo-Yo Ma, and Isaac Stern have also performed on behalf of the foundation.
The foundation has its roots in helping classical musicians, but today grants financial assistance to seasoned musicians of every genre across the United States.
With the exception of gifts to the endowment, 100% of donations given to the Musicians Foundation go directly toward helping musicians.
Statistics on Musicians
The aggregate total income of a professional musician is $55, 561, according to a survey published by the Future of Music Project in 2012. This number includes additional income from non-musical jobs. The aggregate musical income of a professional musician is $34,455 per year.
Sound recordings make up an average of 6% of musical artists’ income, according to the Future of Music.
Live performance makes up an average of 28% of musical artists’ income, according to the Future of Music.
On a 99-cent download, a typical artist may earn 7 to 10 cents, according to The New York Times.
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