The future of music has never needed you more
Imagine an Academy with 25% fewer students, 25% fewer classes, 25% fewer performances. Philanthropic gifts to the Academy provide nearly a quarter of all income (more than £5m in 2020/21), and this figure grows as fees and investment remain static and government funding declines.
Without the help of our generous donor community, the Academy would lose many of the programmes and opportunities that make it the first choice for some of the world’s best young musicians. And you might be surprised to learn where the funding goes.
About half of all gifts are spent on direct financial support, based on need or merit, for students to pay for their fees or living costs. These help to take finances out of the equation and ensure that every successful applicant can make choices based on opportunity, not cost.
‘I come from a background which, unfortunately, made it hard to afford high-quality instruments or travel to concerts. My award means the world to me – without it I wouldn’t have been able to study at the Academy.’- Galin (Piano)
A quarter of donors choose to support the Academy’s endowment or make unrestricted gifts. With this flexible support, the Academy can afford to respond to unforeseen challenges like the pandemic – and take advantage of unexpected opportunities. It allows us to plan for the future, confident that you are behind us.
The remaining gifts support bespoke projects close to donors’ hearts, which might include capital projects like the award-winning Susie Sainsbury Theatre, sponsoring masterclasses, or special initiatives such as the Academy Response Fund.
Philanthropic funding is our only source of income that increases year-on-year, and so your gift has the potential to make a real difference to the lives of talented young musicians. The future of music has never needed you more.