Magazine article International Musician

MPTF 2015-16: A Year of Steady Progress

Magazine article International Musician

MPTF 2015-16: A Year of Steady Progress

Article excerpt

Although the Music Performance Trust Fund (MPTF) fiscal year ended April 30, the validated details from our auditors often take several months to process. While we anticipate the imminent release of the final audit report, I am eager to provide an overview of how the 2015-2016 year fared.

The MPTF co-sponsored 2,331 free, live musical events in the 12-months from May 1, 2015 through April 30, 2016. A total of $693,007 was provided to pay musicians to perform these important community events in parks, schools, senior centers, and other public venues. This represented roughly a 35% increase in events and nearly $200,000 in support of musicians' livelihoods.

The increases were due to a few factors. For one, our accounting process is on a cash basis. Therefore, the grant expenditure is based upon when payment was made, rather than when the event was actually held. Although our support for events and our budget are generally similar from year-to-year, the accounting process can give it a more dramatic appearance.

The biggest factor in the events increase was the introduction of our senior center initiative, MusicianFest. We completed 628 performances throughout the US and Canada. The cost of these events was slightly more than $100,000. However, this was largely covered by a grant for $100,000 by the Film Funds, which is included in our total grant expenditure. We are currently implementing a second year of MusicianFest with another $100,000 grant from the Film Funds. Although these are small events with one or two musicians, MusicianFest provides us the opportunity to extend our reach with grants in smaller cities, states, and provinces, while still helping in major metropolitan areas.

Despite the fact that it is increasingly difficult to cut costs from a lean operation, we were able to reduce costs another 6%. We are now performing our services for about $250,000 less each year, than when I arrived at the trust fund. …

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