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The Music Performance Trust Fund (MPTF) was established in 1948 as a nonprofit independent public service organization whose mission includes contributing to the public knowledge and appreciation of music, as well as making music a part of every child's life experience. Headquartered in New York City, the tax-exempt MPTF, operating under section 501(c) 3 of the Internal Revenue Code, evolved from a landmark collective bargaining agreement between the American Federation of Musicians and the major recording companies of the day. Today the MPTF is a vital organization that brings music to the public and supplements the income of musicians, all at no cost to those receiving this precious gift of music.
Funded via a royalty stream from the signatory record labels, led by the three major labels, Sony Music Entertainment, Universal Music Group, and the Warner Music Group, the MPTF today presents thousands of live, admission-free musical programs annually in the United States and Canada. Under the terms of their agreement, the recording companies pay a royalty from the sale of sound recordings to the Fund. These funds are supplemented by co-sponsoring organizations and administered by a Trustee, who is independent of both the recording industry and the AFM.
Music of all styles is brought to a total audience numbering in the millions and covering all age groups and segments of society. Music ranging from pop to classical, jazz to Broadway, is staged at venues including (but not limited to) parks, schools, concert halls, shopping malls, veterans' hospitals, nursing homes and more. The Fund sponsored or co-sponsored over 1,800 free live events in 2012. MPTF performances are never used to raise money, sell merchandise or promote political or religious events.
Working in tandem with union locals in various cities, the MPTF places music in the schools, with priority given to music that enhances education and affords students an opportunity to enjoy live music and interact with professional musicians.
Music industry veteran Dan Beck has recently been named Trustee of the Music Performance Trust Fund. Beck has taken stewardship over the Fund and its commitment to the cause of free live musical performances, inspiring millions and culturally enriching communities throughout the U.S. and Canada.