Even though experts have shown that music education improves performance in and out of the classroom, increases SAT scores and keeps kids in school, budget cuts have been breaking up marching bands and silencing school choruses across the country.
To combat this trend, Fidelity Investments joined music icon Paul McCartney to launch a new public charity, the Music Lives Foundation, aimed at increasing funding for music education programs in schools.
“As a boy growing up in Liverpool, I was surrounded by music,” said McCartney. “That’s just the way it was. The problem is that more and more music programs are in danger of being eliminated. That’s why I’m proud to join Fidelity in supporting the Music Lives Foundation. After years and years of playing in a band and making a living doing what I love, I can honestly say, ‘Where would I be without music?'”
Initially, the foundation plans to raise funds through special promotions of a limited edition “Music Lives” pewter bracelet with McCartney’s signature and “Fidelity Investments” engraved inside. Each person contributing at least $40...