RALEIGH, NC (CelebrityAccess) — Online royalties market Royalty Exchange has launched a new program to help raise money for charitable organizations, striking their first partnerships for the venture with MusiCares and Music For Relief.
The "ay it Forward" program will allow any songwriter, performer, or publisher conducting royalty auctions on Royalty Exchange to donate 1%, 5%, or 10% of their sales profits to any of the organizations participating in the program.
Royalty Exchange will facilitate the transfer of funds to the selected charities and will match 100% of each contribution up to 1% of the corresponding auction total.
MusiCares, founded by the Recording Academy, is dedicated to providing emergency financial assistance to the music community in times of medical, financial, or personal crisis. Music for Relief, launched by the band Linkin Park, helps out with natural disasters around the world, ranging from hurricanes in the U.S. to earthqaukes in Nepal. – Staff Writers