Rock and Roll Hall of Fame gets $5 million Endowment from New York Foundation

The Rock and Roll Hall of Fame Foundation in New York is creating a $5 million endowment fund to help the nonprofit Rock and Roll Hall of Fame keep rockin’ for years to come.  The foundation was able to raise the funds through the Rock and Roll Hall of Fame anniversary concerts held in October of 2009.  The concerts, held at Madison Square Garden, generated millions of dollars, and featured legendary artists from the rock and roll genre.

The Rock and Roll Foundation has been the largest contributor to the Hall of Fame museum since it opened its door 15 years ago.  Over the past five years the Foundation has contributed over $13 million to the Cleveland based Rock and Roll Hall of Fame.  Terry Stewart, CEO of the Rock and Roll Hall of Fame and Museum, noted that the support the museum receives from the New York Foundation has ensured that the museum will continue to thrive. 

The Rock and Roll Hall of Fame was in the midst of a campaign to raise $35 million to help the museum complete a redesign, and for construction and operation of the Rock and Roll Hall of Fame’s Library in the heart of Cleveland.  At the time of the donation, the Hall was $1.5 million short of their goal.

The Rock and Roll Hall of Fame has become known for its dynamic displays centered on the history of rock and roll.  The museum contains exhibits, educational programs, and even boasts popular musical classes.


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