Rock and Roll Hall of Fame Foundation establishes a $5 million endowment fund for Rock and Roll Hall of Fame and Museum in Cleveland
Yesterday, the Rock and Roll Hall of Fame and Museum announced that the Rock and Roll Hall of Fame Foundation in New York will create a $5 million endowment fund to ensure the nonprofit museum experience always remains vibrant.
The fund was generated by proceeds from the history-making Rock and Roll Hall of Fame anniversary concerts held at Madison Square Garden in October 2009 with a lineup of legendary artists from Jerry Lee Lewis to Bono.
“Rock and roll is an art form, and arguably one of the most accessible art forms that is well known and loved around the world,” said Joel Peresman, president and CEO of the Rock and Roll Hall of Fame Foundation.
“This gift is also about the artists’ endorsement of the Museum’s mission: to celebrate and preserve the art form and to provide education activities to inform the public about its worldwide impact.” The Rock and Roll Hall of Fame Foundation has been the largest single contributor to the Museum and its support has been instrumental in the success of the Cleveland land mark.
The Foundation has leveraged its presence in one of the major world capitals to bring artists to Cleveland and to create fundraising opportunities. In the past five years, the Foundation has contributed more than $13 million to the Museum in Cleveland , including annual support for capital improvements, $8 million gift toward the Capital Campaign, $1 million gift to develop a long-term digital strategy and a complete redesign of the Museum’s website.
“This support from the New York Foundation helps ensure that we will continue to thrive and I want to thank them for this very generous gift,” said Terry Stewart, president and CEO of the Rock and Roll Hall of Fame and Museum.The endowment gift comes at a time that the Rock Hall is within $1.5 million of completing an ambitious $35 million Campaign for the Rock Hall.
The capital campaign will support a Museum redesign and the construction and operation of the Rock and Roll Hall of Fame’s Library and Archives in downtown Cleveland .The Rock and Roll Hall of Fame tells the story of rock and roll through its exhibits, education and public programs.
Throughout its fifteen year history, the Rock Hall has educational activities such as the Museum’s nationally-recognized Rockin’ the Schools, On The Road (Distance Learning), award-winning Toddler Rock and upcoming Rock and Popular Music Institute programs. More than 8 million people from all 50 states and 100 countries have visited the Museum.
Now that the Rock and Roll Hall of Fame and Museum has established a sustainable long-term model, is nearing completion of the Campaign for the Rock Hall and finalizing plans for the Library and Archives and Museum redesign, the focus will shift to raising long-term funds like this generous endowment gift to help secure the Museum in perpetuity.
Campaign for the Rock Hall
Jann Wenner and Joel Peresman, The Rock and Roll Hall of Fame Foundation Jerry Sue Thornton, Cuyahoga Community College The Cleveland Foundation Gregg & Madelyn Foster Jay and Patty Baker Brian Ratner, Forest City Enterprises Henry Juszkiewicz, Gibson Guitars The George Gund Foundation Kulas Foundation John P. Murphy Foundation Medical Mutual of Ohio Jules Belkin Frank Sullivan, RPM International Inc.Curtis Schenker John Shiely, Briggs & Stratton Corporation Key Ban k The Summers Family Alec Wightman, Baker & Hostetler LLP
ROCK AND ROLL HALL OF FAME 25TH ANNIVERSARY CONCERTS
The Rock and Roll Hall of Fame Foundation celebrated its 25th Anniversary in Fall 2009 with a once-in-a-lifetime concert event over two days at Madison Square Garden. The Shows ““ which include Tom Hanks paying homage to Cleveland ‘s Rock Hall ““ was broadcast on HBO, will be released on a Time-Life DVD on September 28, 2010 and will be rebroadcast on other television networks around the world.
The 25th Anniversary concerts celebrated the 25 year history of the Rock and Roll Hall of Fame Foundation and served to raise funds to create an endowment for the Rock and Roll Hall of Fame and Museum in Cleveland . The endowment will be further supported by proceeds from DVD sales of the Time-Life Rock and Roll Hall of Fame 25th Anniversary Concerts.
ROCK AND ROLL HALL OF FAME 25TH ANNIVERSARY CONCERT LINE UP – OCTOBER 29, 2010
Jerry Lee Lewis Crosby, Stills and Nash Bonnie Raitt with David Crosby and Graham Nash Bonnie Raitt and Crosby, Stills and Nash Jackson Browne with Crosby, Stills and Nash James Taylor with David Crosby and Graham Nash Crosby,
Stills and Nash with James Taylor Crosby, Stills and Nash with Bonnie Raitt, Jackson Browne and James Taylor Paul Simon Dion DiMucci with Paul Simon Paul Simon with David Crosby and Graham Nash Paul Simon Little Anthony and the Imperials Simon and Garfunkel Stevie Wonder S mokey Robinson with Stevie Wonder
John Legend with Stevie Wonder Stevie Wonder with John Legend B.B. King with Stevie Wonder Stevie Wonder and StingS tevie Wonder with Jeff BeckBruce Springsteen and the E Street Band Sam Moore with Bruce Springsteen and the E Street Band Bruce Springsteen and the E Street Band with Tom Morello
John Fogerty and Bruce Springsteen and the E Street Band Darlene Love with Bruce Springsteen and the E Street Band Bruce Springsteen and the E Street Band with Tom Morello Billy Joel and Bruce Springsteen and the E Street Band Darlene Love, John Fogerty, Tom Morello, Billy Joel, Jackson Browne, Peter Wolf and Bruce Springsteen and the E Street Band
ROCK AND ROLL HALL OF FAME 25TH ANNIVERSARY CONCERTS (OCTOBER 30, 2010
)Jerry Lee Lewis Aretha Franklin Aretha Franklin and Annie Lennox Aretha Franklin and Lenny Kravitz Jeff Beck Jeff Beck and Sting Buddy Guy with Jeff Beck Jeff Beck Billy Gibbons and Jeff Beck Metallica Metallica and Lou Reed Metallica and Ozzy Osbourne Metallica and Ray DaviesU2U2, Bruce Springsteen and Patti Smith with Roy BittanU2 and Bruce Springsteen with Roy BittanU2 and Black Eyed PeasU2, Mick Jagger, Fergie and Will.i.amU2 and Mick Jagger
