The Bluegrass Trust Fund (the "Trust") was established in 1987 as a means to offer financial assistance to bluegrass music professionals in time of emergency need. Patterned after similar entities in the music world, the Trust is a 501(c)(3) non-profit charitable institution governed by an autonomous five-person board of trustees appointed by the International Bluegrass Music Association. Since 1993, the Trust has given out nearly $600,000 in relief assistance to bluegrass music professionals.
The trustees are responsible for managing the Trust including accepting donations and making decisions on the disbursement of funds to those in need. Funding for the Trust primarily comes through IBMA's Wide Open Bluegrass Festival (formerly Bluegrass Fan Fest) and donations from individuals. Many times the fund is called on for medical emergencies, at times of death, natural disaster or other hardships.
Financial grants and loans are available to individuals anywhere in the world who are involved as a professional in bluegrass music (or were actively involved at some point in their career). Professionals include, but are not limited to, artists, composers, broadcasters, media representatives, event producers, agents, educators, managers, and employees of record companies. Families of such individuals may also qualify for assistance. Each request for assistance is judged on its own merits and should demonstrate a financial emergency or circumstance involving dire need. There is no limit to the amount an applicant may request, but grants have generally ranged from $500.00 to $5000.00. The Trust also welcomes applications from interested third parties on behalf of individuals in need. All requests and the circumstances surrounding them are held in the strictest of confidence.
The Trust encourages donations of any size and welcomes planned or estate gifts. All such gifts are acknowledged and may qualify as tax deductible charitable contributions. Over 98% of funds donated and interest earned is used for actual grants and loans with only a small amount needed to cover expenses to administer the Trust.
IBMA Bluegrass Trust Fund
608 W. Iris Drive
Nashville, TN 37204 USA