Rock and Roll Hall of Fame Foundation Establishes a $5 Million Endowment

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CLEVELAND, OH.- Today the Rock and Roll Hall of Fame and Museum announced that the Rock and Roll Hall of Fame Foundation will create a $5 million endowment fund to ensure the nonprofit museum’s experience and related technology remain vibrant. The fund was generated by proceeds from the history-making Rock and Roll Hall of Fame concerts held at Madison Square Garden in October 2009 with a lineup of more than 40 legendary artists from Jerry Lee Lewis to Bono. “Rock and roll is an art form, and arguably one of the most accessible art forms that is well known and loved around the world,” said Joel Peresman, president and CEO of the Rock and Roll Hall of Fame Foundation. “This gift is also about the artists’ endorsement of the Museum’s mission: to celebrate and preserve the art form and to provide education activities to inform the public about its worldwide impact.” The Rock and Roll Hall of Fame Fo