Save The Music Foundation Goes Independent, Launches $10M Endowment Fund
Save the Music Foundation, previously affiliated with Paramount Global, has announced its transition to an independent non-profit organization while maintaining its commitment to music education across the United States.
The organization has launched a $10 million endowment fund, with nearly $4 million already secured, including a six-figure donation from Paramount. This fund will ensure long-term support for music education programs nationwide.
Save the Music logo
Key achievements and developments:
- Invested over $75 million in 2,800+ school music programs
- Supports 285+ school districts across the U.S.
- Doubled school reach since 2019, funding 600+ new programs
- 95% of 2024 budget comes from non-Paramount sources
- Received $2 million grant from MacKenzie Scott
Current funding partners include:
- Major record labels
- Talent agencies
- Live Nation
- AEG Presents
- Tech companies (Amazon, TikTok, Meta)
- Community-based foundations
- Individual donors
To celebrate its independence, Save the Music has launched an exclusive auction campaign through February featuring items from artists including Sabrina Carpenter, The War and Treaty, Denzel Curry, GHOST, Common x Pete Rock, Patti LaBelle, and Blake Shelton. All proceeds will support new music programs nationwide.
"Going independent is a huge step forward for us," says Executive Director Henry Donahue. "In every school I visit, the music room is a special place where students are creative, thoughtful, and optimistic."
The organization remains focused on:
- Providing instruments and technology to schools
- Training and supporting music teachers
- Funding community-based music organizations
- Ensuring sustainable access to music education